Touchstone International Small Fund Market Value
| TNSCX Fund | USD 11.68 0.08 0.68% |
| Symbol | Touchstone |
Touchstone International '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 International's 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 International.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Touchstone International on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone International Small or generate 0.0% return on investment in Touchstone International over 30 days. Touchstone International is related to or competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, Touchstone Sustainability, Touchstone Large, and Sentinel Small. The fund will primarily invest its net assets in equity securities of foreign issuers More
Touchstone International 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 International's 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 International Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0108 | |||
| Maximum Drawdown | 6.61 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.91 |
Touchstone International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone International's standard deviation. In reality, there are many statistical measures that can use Touchstone International historical prices to predict the future Touchstone International's volatility.| Risk Adjusted Performance | 0.0514 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | 0.0593 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone International's 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 International Backtested Returns
We consider Touchstone International very steady. Touchstone International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0437, which indicates the fund had a 0.0437% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Touchstone International Small, which you can use to evaluate the volatility of the fund. Please validate Touchstone International's Coefficient Of Variation of 1304.8, risk adjusted performance of 0.0514, and Semi Deviation of 0.885 to confirm if the risk estimate we provide is consistent with the expected return of 0.0452%. The entity has a beta of 1.18, 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 International will likely underperform.
Auto-correlation | 0.84 |
Very good predictability
Touchstone International Small has very good predictability. Overlapping area represents the amount of predictability between Touchstone International time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 International price movement. The serial correlation of 0.84 indicates that around 84.0% of current Touchstone International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Touchstone International lagged returns against current returns
Autocorrelation, which is Touchstone International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Touchstone International returns to help us make a trade decision. For example, suppose you find that Touchstone International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone International Lagged Returns
When evaluating Touchstone International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone International mutual fund have on its future price. Touchstone International 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 International autocorrelation shows the relationship between Touchstone International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone International Small.
Regressed Prices |
| Timeline |
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 International 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 International's short interest history, or implied volatility extrapolated from Touchstone International options trading.
Currently Active Assets on Macroaxis
Check out Touchstone International Correlation, Touchstone International Volatility and Touchstone International Alpha and Beta module to complement your research on Touchstone International. Note that the Touchstone International information on this page should be used as a complementary analysis to other Touchstone International'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Touchstone International 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.