Touchstone International Equity Fund Market Value
| TOIIX Fund | USD 15.42 0.18 1.18% |
| Symbol | Touchstone |
Touchstone International '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 International'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 International.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Touchstone International on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone International Equity or generate 0.0% return on investment in Touchstone International over 180 days. Touchstone International is related to or competes with Vanguard Total, Vanguard Developed, Vanguard Developed, and Fidelity International. The fund normally invests at least 80 percent of its assets in value securities More
Touchstone International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.719 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.06 |
Touchstone International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone International's standard deviation. In reality, there are many statistical measures that can use Touchstone International historical prices to predict the future Touchstone International's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0263 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone International'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 International Backtested Returns
We consider Touchstone International very steady. Touchstone International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0311, which indicates the fund had a 0.0311% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Touchstone International Equity, which you can use to evaluate the volatility of the fund. Please validate Touchstone International's Risk Adjusted Performance of 0.0297, semi deviation of 0.6396, and Coefficient Of Variation of 2148.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.0209%. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchstone International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone International is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Touchstone International Equity has good predictability. Overlapping area represents the amount of predictability between Touchstone International time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 International price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Touchstone International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Touchstone International lagged returns against current returns
Autocorrelation, which is Touchstone International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Touchstone International returns to help us make a trade decision. For example, suppose you find that Touchstone International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone International Lagged Returns
When evaluating Touchstone International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone International mutual fund have on its future price. Touchstone International 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 International autocorrelation shows the relationship between Touchstone International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone International Equity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Touchstone International Correlation, Touchstone International Volatility and Touchstone International Alpha and Beta module to complement your research on Touchstone International. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Touchstone International 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.