Touchstone Premium Yield Fund Technical Analysis
| TPYCX Fund | USD 8.34 0.10 1.18% |
As of the 18th of April 2024, Touchstone Premium has the Semi Deviation of 0.9791, risk adjusted performance of 0.0361, and Coefficient Of Variation of 1962.0. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Touchstone Premium Yield, as well as the relationship between them. In other words, you can use this information to find out if the fund will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Touchstone Premium Yield, which can be compared to its competition. Please validate Touchstone Premium Yield jensen alpha and semi variance to decide if Touchstone Premium is priced more or less accurately, providing market reflects its prevalent price of 8.34 per share.
Touchstone Premium Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Touchstone, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TouchstoneTouchstone |
Touchstone Premium 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.
Touchstone Premium Yield Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Touchstone Premium Yield volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Touchstone Premium Yield Trend Analysis
Use this graph to draw trend lines for Touchstone Premium Yield. You can use it to identify possible trend reversals for Touchstone Premium as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Touchstone Premium price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Touchstone Premium Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Touchstone Premium Yield applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Touchstone Premium Yield will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.12, which is the sum of squared deviations for the predicted Touchstone Premium price change compared to its average price change.About Touchstone Premium Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Touchstone Premium Yield on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Touchstone Premium Yield based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Touchstone Premium Yield price pattern first instead of the macroeconomic environment surrounding Touchstone Premium Yield. By analyzing Touchstone Premium's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Touchstone Premium's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Touchstone Premium specific price patterns or momentum indicators. Please read more on our technical analysis page.
Touchstone Premium April 18, 2024 Technical Indicators
Most technical analysis of Touchstone help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Touchstone from various momentum indicators to cycle indicators. When you analyze Touchstone charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0361 | |||
| Market Risk Adjusted Performance | 0.0448 | |||
| Mean Deviation | 0.8018 | |||
| Semi Deviation | 0.9791 | |||
| Downside Deviation | 1.13 | |||
| Coefficient Of Variation | 1962.0 | |||
| Standard Deviation | 1.05 | |||
| Variance | 1.1 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0348 | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.68 | |||
| Downside Variance | 1.27 | |||
| Semi Variance | 0.9587 | |||
| Expected Short fall | (0.94) | |||
| Skewness | (0.39) | |||
| Kurtosis | 0.6337 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Premium Yield. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Touchstone Premium Yield information on this page should be used as a complementary analysis to other Touchstone Premium'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.