Touchstone Ohio Tax Fund Manager Performance Evaluation
| TOHIX Fund | USD 10.95 0.02 0.18% |
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.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Touchstone Ohio Tax are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Touchstone Ohio is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.4800 |
Touchstone |
Touchstone Ohio Relative Risk vs. Return Landscape
If you would invest 1,087 in Touchstone Ohio Tax on September 1, 2024 and sell it today you would earn a total of 8.00 from holding Touchstone Ohio Tax or generate 0.74% return on investment over 90 days. Touchstone Ohio Tax is currently producing 0.0117% returns and takes up 0.208% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Touchstone, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Touchstone Ohio Current Valuation
Undervalued
Today
Please note that Touchstone Ohio's price fluctuation is out of control at this time. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. Touchstone Ohio Tax current Real Value cannot be determined due to lack of data. The regular price of Touchstone Ohio Tax is $10.95. We determine the value of Touchstone Ohio Tax from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Touchstone Ohio is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Touchstone Mutual Fund. However, Touchstone Ohio's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.95 | Real 0.0 | Hype 0.0 | Naive 10.93 |
The intrinsic value of Touchstone Ohio's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Touchstone Ohio's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Touchstone Ohio Tax helps investors to forecast how Touchstone mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Touchstone Ohio more accurately as focusing exclusively on Touchstone Ohio's fundamentals will not take into account other important factors: Touchstone Ohio Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Ohio's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Touchstone Ohio Tax, and traders can use it to determine the average amount a Touchstone Ohio's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0561
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TOHIX |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Touchstone Ohio is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Touchstone Ohio by adding it to a well-diversified portfolio.
Touchstone Ohio Fundamentals Growth
Touchstone Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Touchstone Ohio, and Touchstone Ohio fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Touchstone Mutual Fund performance.
| Total Asset | 58.45 M | ||||
About Touchstone Ohio Performance
Evaluating Touchstone Ohio's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Touchstone Ohio has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Touchstone Ohio has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund seeks to achieve its investment goal by investing its assets primarily in high-quality, municipal debt, including general obligation bonds, revenue bonds, and pre-refunded municipal bonds. This includes but is not limited to municipal bonds that are issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax.Things to note about Touchstone Ohio Tax performance evaluation
Checking the ongoing alerts about Touchstone Ohio for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Touchstone Ohio Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| Touchstone Ohio Tax maintains most of the assets in different exotic instruments. |
- Analyzing Touchstone Ohio's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Touchstone Ohio's stock is overvalued or undervalued compared to its peers.
- Examining Touchstone Ohio's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Touchstone Ohio's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Touchstone Ohio's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Touchstone Ohio's mutual fund. These opinions can provide insight into Touchstone Ohio's potential for growth and whether the stock is currently undervalued or overvalued.
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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