Touchstone Focused Fund Market Value
| TFOAX Fund | USD 70.31 1.59 2.21% |
| Symbol | Touchstone |
Touchstone Focused '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 Focused'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 Focused.
| 12/29/2024 |
| 03/29/2025 |
If you would invest 0.00 in Touchstone Focused on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Focused Fund or generate 0.0% return on investment in Touchstone Focused over 90 days. Touchstone Focused is related to or competes with Oil Gas, Blackrock All-cap, Vanguard Energy, Global Resources, and Adams Natural. The fund invests, under normal market conditions, at least 80 percent of its assets in equity securities More
Touchstone Focused 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 Focused'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 Focused Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.33 |
Touchstone Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Focused's standard deviation. In reality, there are many statistical measures that can use Touchstone Focused historical prices to predict the future Touchstone Focused's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.08) |
Touchstone Focused Backtested Returns
Touchstone Focused owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0633, which indicates the fund had a -0.0633 % return per unit of risk over the last 3 months. Touchstone Focused Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Focused's Coefficient Of Variation of (1,391), variance of 0.9317, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 1.0, which indicates possible diversification benefits within a given portfolio. Touchstone Focused returns are very sensitive to returns on the market. As the market goes up or down, Touchstone Focused is expected to follow.
Auto-correlation | -0.86 |
Excellent reverse predictability
Touchstone Focused Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Touchstone Focused time series from 29th of December 2024 to 12th of February 2025 and 12th of February 2025 to 29th of March 2025. 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 Focused price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Touchstone Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 5.22 |
Touchstone Focused lagged returns against current returns
Autocorrelation, which is Touchstone Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Focused returns to help us make a trade decision. For example, suppose you find that Touchstone Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Focused Lagged Returns
When evaluating Touchstone Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Focused mutual fund have on its future price. Touchstone Focused 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 Focused autocorrelation shows the relationship between Touchstone Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Focused 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.| ZLAB | Zai Lab | |
| ASLE | AerSale Corp | |
| ATS | AT S Austria |
Other Information on Investing in Touchstone Mutual Fund
Touchstone Focused 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 Focused security.
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