Touchstone Large Cap Fund Market Value
| TACLX Fund | USD 17.97 0.02 0.11% |
| Symbol | Touchstone |
Touchstone Large '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 Large'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 Large.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Touchstone Large on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Large Cap or generate 0.0% return on investment in Touchstone Large over 30 days. Touchstone Large is related to or competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, Sentinel Small, Touchstone Sustainability, and Touchstone Sustainability. The fund invests at least 80 percent of its assets in common stocks of large capitalization U.S More
Touchstone Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.774 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.18 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 0.927 |
Touchstone Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Large's standard deviation. In reality, there are many statistical measures that can use Touchstone Large historical prices to predict the future Touchstone Large's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.0415 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 11.6 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Large'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.
Touchstone Large Cap Backtested Returns
We consider Touchstone Large very steady. Touchstone Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0487, which indicates the fund had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Touchstone Large Cap, which you can use to evaluate the volatility of the fund. Please validate Touchstone Large's Semi Deviation of 0.6406, coefficient of variation of 1237.82, and Risk Adjusted Performance of 0.0503 to confirm if the risk estimate we provide is consistent with the expected return of 0.031%. The entity has a beta of 0.0036, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Touchstone Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Large is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Touchstone Large Cap has average predictability. Overlapping area represents the amount of predictability between Touchstone Large time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Large Cap price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Touchstone Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Touchstone Large Cap lagged returns against current returns
Autocorrelation, which is Touchstone Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Large returns to help us make a trade decision. For example, suppose you find that Touchstone Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Large Lagged Returns
When evaluating Touchstone Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Large mutual fund have on its future price. Touchstone Large 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 Large autocorrelation shows the relationship between Touchstone Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Large Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Touchstone Large in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Touchstone Large's short interest history, or implied volatility extrapolated from Touchstone Large options trading.
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Check out Touchstone Large Correlation, Touchstone Large Volatility and Touchstone Large Alpha and Beta module to complement your research on Touchstone Large. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Touchstone Large technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.