Touchstone Strategic Income Etf Performance
| SIO Etf | USD 24.87 0.04 0.16% |
The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Touchstone Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Strategic is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Touchstone Strategic Income has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy forward indicators, Touchstone Strategic is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
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Touchstone |
Touchstone Strategic Relative Risk vs. Return Landscape
If you would invest 2,491 in Touchstone Strategic Income on January 20, 2024 and sell it today you would lose (4.00) from holding Touchstone Strategic Income or give up 0.16% of portfolio value over 90 days. Touchstone Strategic Income is generating negative expected returns assuming volatility of 0.2756% on return distribution over 90 days investment horizon. In other words, 2% of etfs are less volatile than Touchstone, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Touchstone Strategic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Strategic's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Touchstone Strategic Income, and traders can use it to determine the average amount a Touchstone Strategic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0079
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| Negative Returns | SIO |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Touchstone Strategic is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Touchstone Strategic by adding Touchstone Strategic to a well-diversified portfolio.
Touchstone Strategic Fundamentals Growth
Touchstone Etf prices reflect investors' perceptions of the future prospects and financial health of Touchstone Strategic, and Touchstone Strategic fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Touchstone Etf performance.
| Total Asset | 95.79 M | |||
About Touchstone Strategic Performance
To evaluate Touchstone Strategic Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Touchstone Strategic generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Touchstone Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Touchstone Strategic market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Touchstone's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests, under normal market conditions, at least 80 percent of its assets in income producing fixed-income securities. Touchstone Strategic is traded on NYSEARCA Exchange in the United States.| Touchstone Strategic generated a negative expected return over the last 90 days | |
| The fund maintains about 14.59% of its assets in bonds |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Strategic Income. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of Touchstone Strategic is measured differently than its book value, which is the value of Touchstone that is recorded on the company's balance sheet. Investors also form their own opinion of Touchstone Strategic's value that differs from its market value or its book value, called intrinsic value, which is Touchstone Strategic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Touchstone Strategic's market value can be influenced by many factors that don't directly affect Touchstone Strategic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Touchstone Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Touchstone Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Touchstone Strategic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.