Touchstone Ohio Tax Fund Market Value
| TOHIX Fund | USD 10.95 0.02 0.18% |
| Symbol | Touchstone |
Touchstone Ohio 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Touchstone Ohio's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Touchstone Ohio.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Touchstone Ohio on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Ohio Tax or generate 0.0% return on investment in Touchstone Ohio over 390 days. Touchstone Ohio is related to or competes with Gabelli Gold, Oppenheimer Gold, Fidelity Advisor, Franklin Gold, James Balanced:, Goldman Sachs, and Sprott Gold. Under normal circumstances, the fund seeks to achieve its investment goal by investing its assets primarily in high-qual... More
Touchstone Ohio Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Touchstone Ohio's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Touchstone Ohio Tax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3509 | |||
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.278 |
Touchstone Ohio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Ohio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Ohio's standard deviation. In reality, there are many statistical measures that can use Touchstone Ohio historical prices to predict the future Touchstone Ohio's volatility.| Risk Adjusted Performance | 0.0355 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | (0.08) |
Touchstone Ohio Tax Backtested Returns
At this stage we consider Touchstone Mutual Fund to be out of control. Touchstone Ohio Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0561, which indicates the fund had a 0.0561% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone Ohio Tax, which you can use to evaluate the volatility of the fund. Please validate Touchstone Ohio's Coefficient Of Variation of 1227.29, semi deviation of 0.1474, and Risk Adjusted Performance of 0.0355 to confirm if the risk estimate we provide is consistent with the expected return of 0.0117%. The entity has a beta of -0.0828, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Touchstone Ohio are expected to decrease at a much lower rate. During the bear market, Touchstone Ohio is likely to outperform the market.
Auto-correlation | 0.78 |
Good predictability
Touchstone Ohio Tax has good predictability. Overlapping area represents the amount of predictability between Touchstone Ohio time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Touchstone Ohio Tax price movement. The serial correlation of 0.78 indicates that around 78.0% of current Touchstone Ohio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Touchstone Ohio Tax lagged returns against current returns
Autocorrelation, which is Touchstone Ohio mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Touchstone Ohio's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Ohio returns to help us make a trade decision. For example, suppose you find that Touchstone Ohio has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Touchstone Ohio regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Touchstone Ohio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Ohio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchstone Ohio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Ohio Lagged Returns
When evaluating Touchstone Ohio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Ohio mutual fund have on its future price. Touchstone Ohio autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Touchstone Ohio autocorrelation shows the relationship between Touchstone Ohio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Ohio Tax.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Touchstone Mutual Fund
Touchstone Ohio financial ratios help investors to determine whether Touchstone Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Touchstone with respect to the benefits of owning Touchstone Ohio security.
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