Touchstone Mid Cap Fund Pattern Recognition Morning Star

TMCTX Fund  USD 59.23  0.20  0.34%   
Touchstone Mid pattern recognition tool provides the execution environment for running the Morning Star recognition and other technical functions against Touchstone Mid. Touchstone Mid value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Morning Star recognition function is designed to identify and follow existing trends. Touchstone Mid momentum indicators are usually used to generate trading rules based on assumptions that Touchstone Mid trends in prices tend to continue for long periods. Please specify Penetration to run this model.

The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was twelve with a total number of output elements of fourty-nine. The function did not return any valid pattern recognition events for the selected time horizon. The Morning Star pattern describes Touchstone Mid Cap bottom bullish reversal signal.

Touchstone Mid Technical Analysis Modules

Most technical analysis of Touchstone Mid help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Touchstone from various momentum indicators to cycle indicators. When you analyze Touchstone charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Touchstone Mid Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Touchstone Mid Cap. We use our internally-developed statistical techniques to arrive at the intrinsic value of Touchstone Mid Cap based on widely used predictive technical indicators. In general, we focus on analyzing Touchstone Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Touchstone Mid's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Touchstone Mid's intrinsic value. In addition to deriving basic predictive indicators for Touchstone Mid, we also check how macroeconomic factors affect Touchstone Mid price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Mid's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
58.3559.2360.11
Details
Intrinsic
Valuation
LowRealHigh
53.3163.3564.23
Details
Naive
Forecast
LowNextHigh
58.3559.2360.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.6157.1559.69
Details

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Touchstone Mid Cap 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 Mid 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 Mid will appreciate offsetting losses from the drop in the long position's value.

Touchstone Mid Pair Trading

Touchstone Mid Cap Pair Trading Analysis

The ability to find closely correlated positions to Touchstone Mid 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 Mid 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 Mid - 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 Mid Cap to buy it.
The correlation of Touchstone Mid 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 Mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Mid Cap 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 Mid 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Touchstone Mutual Fund

Touchstone Mid 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 Mid security.
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