Touchstone Arbitrage Financials
| TMARX Fund | USD 8.89 0.05 0.56% |
Touchstone |
Please note that past performance is not an indicator of the future performance of Touchstone Arbitrage, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Touchstone Arbitrage Fund Summary
Touchstone Arbitrage competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, and Mid Cap. The fund invests, under normal circumstances, at least 80 percent of its assets in U.S. and non-U.S. debt instruments. The fund seeks to achieve its investment goal by investing in a wide array of debt securities or other debt instruments. The fund is non-diversified.Specialization | High Yield Bond, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Touchstone Funds Group |
| Mutual Fund Family | Touchstone |
| Mutual Fund Category | High Yield Bond |
| Benchmark | NYSE Composite |
| Phone | 800 543 0407 |
| Currency | USD - US Dollar |
You should never invest in Touchstone Arbitrage Fund without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Touchstone Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Touchstone Arbitrage's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Touchstone Arbitrage Key Financial Ratios
Generally speaking, Touchstone Arbitrage's financial ratios allow both analysts and investors to convert raw data from Touchstone Arbitrage's financial statements into concise, actionable information that can be used to evaluate the performance of Touchstone Arbitrage over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Touchstone Arbitrage reports annually and quarterly.Touchstone Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Touchstone Arbitrage's current stock value. Our valuation model uses many indicators to compare Touchstone Arbitrage value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Touchstone Arbitrage competition to find correlations between indicators driving Touchstone Arbitrage's intrinsic value. More Info.Touchstone Arbitrage Fund is rated top fund in price to earning among similar funds. It is rated top fund in price to book among similar funds fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Touchstone Arbitrage Fund is roughly 13.19 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Touchstone Arbitrage by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Touchstone Arbitrage's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Touchstone Arbitrage's earnings, one of the primary drivers of an investment's value.Touchstone Arbitrage Systematic Risk
Touchstone Arbitrage's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Touchstone Arbitrage volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifteen with a total number of output elements of fourty-six. The Beta measures systematic risk based on how returns on Touchstone Arbitrage correlated with the market. If Beta is less than 0 Touchstone Arbitrage generally moves in the opposite direction as compared to the market. If Touchstone Arbitrage Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Touchstone Arbitrage is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Touchstone Arbitrage is generally in the same direction as the market. If Beta > 1 Touchstone Arbitrage moves generally in the same direction as, but more than the movement of the benchmark.
Touchstone Arbitrage May 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Touchstone Arbitrage help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Touchstone Arbitrage Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Touchstone Arbitrage Fund based on widely used predictive technical indicators. In general, we focus on analyzing Touchstone Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Touchstone Arbitrage's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.3375 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.2257 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Arbitrage Fund. 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 metropolitan statistical area. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.