Touchstone Dividend Equity Fund Market Value
| TQCRX Fund | USD 19.94 0.17 0.86% |
| Symbol | Touchstone |
Touchstone Dividend '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 Dividend'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 Dividend.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Touchstone Dividend on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Dividend Equity or generate 0.0% return on investment in Touchstone Dividend over 420 days. Touchstone Dividend is related to or competes with Blackrock Science, Towpath Technology, Allianzgi Technology, Global Technology, Pgim Jennison, and Firsthand Technology. The fund invests, under normal market conditions, at least 80 percent of its assets in equity securities of U.S More
Touchstone Dividend 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 Dividend'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 Dividend Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5643 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.0 |
Touchstone Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Dividend's standard deviation. In reality, there are many statistical measures that can use Touchstone Dividend historical prices to predict the future Touchstone Dividend's volatility.| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.0829 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (10.79) |
Touchstone Dividend Backtested Returns
At this stage we consider Touchstone Mutual Fund to be very steady. Touchstone Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone Dividend Equity, which you can use to evaluate the volatility of the fund. Please validate Touchstone Dividend's Risk Adjusted Performance of 0.1097, semi deviation of 0.4004, and Coefficient Of Variation of 683.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.0989%. The entity has a beta of -0.0076, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Touchstone Dividend are expected to decrease at a much lower rate. During the bear market, Touchstone Dividend is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
Touchstone Dividend Equity has very good predictability. Overlapping area represents the amount of predictability between Touchstone Dividend time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 Dividend price movement. The serial correlation of 0.85 indicates that around 85.0% of current Touchstone Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Touchstone Dividend lagged returns against current returns
Autocorrelation, which is Touchstone Dividend 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 Dividend's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Dividend returns to help us make a trade decision. For example, suppose you find that Touchstone Dividend 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 Dividend 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 Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Dividend 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 Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Dividend Lagged Returns
When evaluating Touchstone Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Dividend mutual fund have on its future price. Touchstone Dividend 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 Dividend autocorrelation shows the relationship between Touchstone Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Dividend Equity.
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 Dividend 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 Dividend security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |