Touchstone Sustainability And Fund Market Value
| TROCX Fund | USD 24.68 0.07 0.28% |
| Symbol | Touchstone |
Touchstone Sustainability '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 Sustainability'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 Sustainability.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Touchstone Sustainability on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Sustainability And or generate 0.0% return on investment in Touchstone Sustainability over 30 days. Touchstone Sustainability is related to or competes with Touchstone Small, Mid Cap, Mid Cap, Mid Cap, Sentinel Small, Sentinel Small, and Touchstone Large. The fund invests, under normal circumstances, at least 80 percent of its assets in equity securities of non-U.S More
Touchstone Sustainability 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 Sustainability'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 Sustainability And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7598 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.23 |
Touchstone Sustainability Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Sustainability's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Sustainability's standard deviation. In reality, there are many statistical measures that can use Touchstone Sustainability historical prices to predict the future Touchstone Sustainability's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0538 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Sustainability'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 Sustainability Backtested Returns
We consider Touchstone Sustainability very steady. Touchstone Sustainability owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0643, which indicates the fund had a 0.0643% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Touchstone Sustainability And, which you can use to evaluate the volatility of the fund. Please validate Touchstone Sustainability's Risk Adjusted Performance of 0.0522, semi deviation of 0.6662, and Coefficient Of Variation of 1217.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.0455%. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Touchstone Sustainability returns are very sensitive to returns on the market. As the market goes up or down, Touchstone Sustainability is expected to follow.
Auto-correlation | 0.78 |
Good predictability
Touchstone Sustainability And has good predictability. Overlapping area represents the amount of predictability between Touchstone Sustainability 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 Sustainability price movement. The serial correlation of 0.78 indicates that around 78.0% of current Touchstone Sustainability price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Touchstone Sustainability lagged returns against current returns
Autocorrelation, which is Touchstone Sustainability 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 Sustainability's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Sustainability returns to help us make a trade decision. For example, suppose you find that Touchstone Sustainability 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 Sustainability 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 Sustainability mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Sustainability 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 Sustainability mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Sustainability Lagged Returns
When evaluating Touchstone Sustainability's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Sustainability mutual fund have on its future price. Touchstone Sustainability 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 Sustainability autocorrelation shows the relationship between Touchstone Sustainability mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Sustainability And.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Touchstone Sustainability Correlation, Touchstone Sustainability Volatility and Touchstone Sustainability Alpha and Beta module to complement your research on Touchstone Sustainability. Note that the Touchstone Sustainability information on this page should be used as a complementary analysis to other Touchstone Sustainability's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Touchstone Sustainability 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.