Touchstone Value Fund Market Value
| TVLAX Fund | USD 13.46 0.03 0.22% |
| Symbol | Touchstone |
Touchstone Value '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 Value'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 Value.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Touchstone Value on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Value Fund or generate 0.0% return on investment in Touchstone Value over 390 days. Touchstone Value is related to or competes with Tfa Alphagen, Chase Growth, Kinetics Small, L Abbett, T Rowe, and Artisan Small. The fund normally invests in equity securities of large- and mid-cap companies that the funds sub-advisor believes are u... More
Touchstone Value 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 Value'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 Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.02 |
Touchstone Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Value's standard deviation. In reality, there are many statistical measures that can use Touchstone Value historical prices to predict the future Touchstone Value's volatility.| Risk Adjusted Performance | 0.1656 | |||
| Jensen Alpha | 0.0361 | |||
| Total Risk Alpha | 0.0252 | |||
| Sortino Ratio | 0.0208 | |||
| Treynor Ratio | 0.1719 |
Touchstone Value Backtested Returns
At this stage we consider Touchstone Mutual Fund to be very steady. Touchstone Value owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone Value Fund, which you can use to evaluate the volatility of the fund. Please validate Touchstone Value's Coefficient Of Variation of 458.7, semi deviation of 0.3597, and Risk Adjusted Performance of 0.1656 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchstone Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Value is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Touchstone Value Fund has very good predictability. Overlapping area represents the amount of predictability between Touchstone Value 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 Value price movement. The serial correlation of 0.85 indicates that around 85.0% of current Touchstone Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Touchstone Value lagged returns against current returns
Autocorrelation, which is Touchstone Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Value returns to help us make a trade decision. For example, suppose you find that Touchstone Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Value Lagged Returns
When evaluating Touchstone Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Value mutual fund have on its future price. Touchstone Value 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 Value autocorrelation shows the relationship between Touchstone Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Value Fund.
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 Value 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 Value security.
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