Touchstone Strategic Trust Fund Market Value
| TSRLX Fund | USD 72.67 0.35 0.48% |
| Symbol | Touchstone |
Touchstone Strategic '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 Strategic'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 Strategic.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Touchstone Strategic on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Strategic Trust or generate 0.0% return on investment in Touchstone Strategic over 30 days. Touchstone Strategic is related to or competes with Janus Global, Dreyfus Technology, Technology Ultrasector, Science Technology, Allianzgi Technology, Biotechnology Ultrasector, and Hennessy Technology. More
Touchstone Strategic 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 Strategic'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 Strategic Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7342 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.06 |
Touchstone Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Strategic's standard deviation. In reality, there are many statistical measures that can use Touchstone Strategic historical prices to predict the future Touchstone Strategic's volatility.| Risk Adjusted Performance | 0.1307 | |||
| Jensen Alpha | 0.0972 | |||
| Total Risk Alpha | 0.0047 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.25 |
Touchstone Strategic Backtested Returns
At this stage we consider Touchstone Mutual Fund to be very steady. Touchstone Strategic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone Strategic Trust, which you can use to evaluate the volatility of the fund. Please validate Touchstone Strategic's Semi Deviation of 0.5291, risk adjusted performance of 0.1307, and Coefficient Of Variation of 580.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.086, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Touchstone Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Strategic is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Touchstone Strategic Trust has very good predictability. Overlapping area represents the amount of predictability between Touchstone Strategic time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Strategic price movement. The serial correlation of 0.81 indicates that around 81.0% of current Touchstone Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Touchstone Strategic lagged returns against current returns
Autocorrelation, which is Touchstone Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Strategic returns to help us make a trade decision. For example, suppose you find that Touchstone Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Strategic Lagged Returns
When evaluating Touchstone Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Strategic mutual fund have on its future price. Touchstone Strategic 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 Strategic autocorrelation shows the relationship between Touchstone Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Strategic Trust.
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 Strategic 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 Strategic security.
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