Touchstone Sands Capital Fund Market Value
| CISGX Fund | USD 15.83 0.04 0.25% |
| Symbol | Touchstone |
Touchstone Sands '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 Sands' 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 Sands.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Touchstone Sands on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Sands Capital or generate 0.0% return on investment in Touchstone Sands over 30 days. Touchstone Sands is related to or competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, Mid Cap, Sentinel Small, and Touchstone Sustainability. The fund invests, under normal market conditions, at least 80 percent of its assets in common stocks of U.S More
Touchstone Sands 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 Sands' 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 Sands Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.012 | |||
| Maximum Drawdown | 8.05 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.52 |
Touchstone Sands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Sands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Sands' standard deviation. In reality, there are many statistical measures that can use Touchstone Sands historical prices to predict the future Touchstone Sands' volatility.| Risk Adjusted Performance | 0.0509 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | 0.0666 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Sands' 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 Sands Capital Backtested Returns
We consider Touchstone Sands very steady. Touchstone Sands Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.064, which indicates the fund had a 0.064% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone Sands Capital, which you can use to evaluate the volatility of the fund. Please validate Touchstone Sands' Semi Deviation of 1.33, coefficient of variation of 1381.12, and Risk Adjusted Performance of 0.0509 to confirm if the risk estimate we provide is consistent with the expected return of 0.0958%. The entity has a beta of 1.43, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Touchstone Sands will likely underperform.
Auto-correlation | 0.24 |
Weak predictability
Touchstone Sands Capital has weak predictability. Overlapping area represents the amount of predictability between Touchstone Sands time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Sands Capital price movement. The serial correlation of 0.24 indicates that over 24.0% of current Touchstone Sands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Touchstone Sands Capital lagged returns against current returns
Autocorrelation, which is Touchstone Sands 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 Sands' mutual fund expected returns. We can calculate the autocorrelation of Touchstone Sands returns to help us make a trade decision. For example, suppose you find that Touchstone Sands 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 Sands 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 Sands mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Sands 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 Sands mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Sands Lagged Returns
When evaluating Touchstone Sands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Sands mutual fund have on its future price. Touchstone Sands 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 Sands autocorrelation shows the relationship between Touchstone Sands mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Sands Capital.
Regressed Prices |
| Timeline |
Pair Trading with Touchstone Sands
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Touchstone Sands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Touchstone Sands will appreciate offsetting losses from the drop in the long position's value.Moving together with Touchstone Mutual Fund
| 0.75 | TVOYX | Touchstone Small Cap | PairCorr |
| 0.9 | TEGAX | Mid Cap Growth | PairCorr |
| 0.9 | TEGYX | Mid Cap Growth | PairCorr |
| 0.67 | SAGWX | Sentinel Small Pany | PairCorr |
| 0.75 | SSCOX | Sentinel Small Pany | PairCorr |
The ability to find closely correlated positions to Touchstone Sands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Sands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Touchstone Sands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Touchstone Sands Capital to buy it.
The correlation of Touchstone Sands is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Touchstone Sands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Sands Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Touchstone Sands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Touchstone Sands Correlation, Touchstone Sands Volatility and Touchstone Sands Alpha and Beta module to complement your research on Touchstone Sands. Note that the Touchstone Sands Capital information on this page should be used as a complementary analysis to other Touchstone Sands' 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Touchstone Sands 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.