Touchstone Premium One Year Return vs. Price To Book
| TPYYX Fund | USD 8.94 0.07 0.79% |
For Touchstone Premium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Touchstone Premium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Touchstone Premium Yield utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Touchstone Premium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Touchstone Premium Yield over time as well as its relative position and ranking within its peers.
Touchstone |
Touchstone Premium Yield Price To Book vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Touchstone Premium's current stock value. Our valuation model uses many indicators to compare Touchstone Premium value to that of its competitors to determine the firm's financial worth. Touchstone Premium Yield is rated top fund in one year return among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.14 of Price To Book per One Year Return. The ratio of One Year Return to Price To Book for Touchstone Premium Yield is roughly 6.97 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Touchstone Premium's earnings, one of the primary drivers of an investment's value.Touchstone Price To Book vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Touchstone Premium |
| = | 19.37 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Touchstone Premium |
| = | 2.78 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Touchstone Price To Book Comparison
Touchstone Premium is currently under evaluation in price to book among similar funds.
Touchstone Premium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Touchstone Premium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Touchstone Premium will eventually generate negative long term returns. The profitability progress is the general direction of Touchstone Premium's change in net profit over the period of time. It can combine multiple indicators of Touchstone Premium, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests, under normal circumstances, at least 80 percent of its assets in equity and equity-related securities issued by companies in foreign countries. The fund invests primarily in a portfolio of equity securities such as common stock, preferred stock, and depositary receipts.
Touchstone Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Touchstone Premium. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Touchstone Premium position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Touchstone Premium's important profitability drivers and their relationship over time.
Use Touchstone Premium in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Touchstone Premium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Touchstone Premium will appreciate offsetting losses from the drop in the long position's value.Touchstone Premium Pair Trading
Touchstone Premium Yield Pair Trading Analysis
The ability to find closely correlated positions to Touchstone Premium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Premium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Touchstone Premium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Touchstone Premium Yield to buy it.
The correlation of Touchstone Premium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Touchstone Premium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Premium Yield moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Touchstone Premium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Touchstone Premium position
In addition to having Touchstone Premium in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large & Mid Caps ETFs Thematic Idea Now
Large & Mid Caps ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Large & Mid Caps ETFs theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large & Mid Caps ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Touchstone Mutual Fund
To fully project Touchstone Premium's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Touchstone Premium Yield at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Touchstone Premium's income statement, its balance sheet, and the statement of cash flows.
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