Touchstone Mid Cap Fund Alpha and Beta Analysis
| TMCTX Fund | USD 52.47 0.46 0.88% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Touchstone Mid Cap. It also helps investors analyze the systematic and unsystematic risks associated with investing in Touchstone Mid over a specified time horizon. Remember, high Touchstone Mid's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Touchstone Mid's market risk premium analysis include:
Beta 1.21 | Alpha (0.04) | Risk 0.86 | Sharpe Ratio 0.1 | Expected Return 0.0879 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Touchstone |
Touchstone Mid Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Touchstone Mid market risk premium is the additional return an investor will receive from holding Touchstone Mid long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Touchstone Mid. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Touchstone Mid's performance over market.| α | -0.04 | β | 1.21 |
Touchstone Mid expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Touchstone Mid's Buy-and-hold return. Our buy-and-hold chart shows how Touchstone Mid performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Touchstone Mid Market Price Analysis
Market price analysis indicators help investors to evaluate how Touchstone Mid mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Touchstone Mid shares will generate the highest return on investment. By understating and applying Touchstone Mid mutual fund market price indicators, traders can identify Touchstone Mid position entry and exit signals to maximize returns.
Touchstone Mid Return and Market Media
The median price of Touchstone Mid for the period between Wed, Jan 31, 2024 and Tue, Apr 30, 2024 is 53.16 with a coefficient of variation of 3.01. The daily time series for the period is distributed with a sample standard deviation of 1.59, arithmetic mean of 52.86, and mean deviation of 1.39. The Fund received some media coverage during the period.About Touchstone Mid Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Touchstone or other funds. Alpha measures the amount that position in Touchstone Mid Cap has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Touchstone Mid in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Touchstone Mid's short interest history, or implied volatility extrapolated from Touchstone Mid options trading.
Build Portfolio with Touchstone Mid
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Touchstone Mid Backtesting, Portfolio Optimization, Touchstone Mid Correlation, Touchstone Mid Hype Analysis, Touchstone Mid Volatility, Touchstone Mid History and analyze Touchstone Mid Performance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Touchstone Mid 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.