Touchstone International Small Fund Market Value

TNSIX Fund  USD 13.54  0.03  0.22%   
Touchstone International's market value is the price at which a share of Touchstone International trades on a public exchange. It measures the collective expectations of Touchstone International Small investors about its performance. Touchstone International is trading at 13.54 as of the 28th of March 2024; that is -0.22 percent decrease since the beginning of the trading day. The fund's open price was 13.57.
With this module, you can estimate the performance of a buy and hold strategy of Touchstone International Small and determine expected loss or profit from investing in Touchstone International over a given investment horizon. Check out Touchstone International Correlation, Touchstone International Volatility and Touchstone International Alpha and Beta module to complement your research on Touchstone International.
Symbol

Please note, there is a significant difference between Touchstone International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Touchstone International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Touchstone International'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.

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Touchstone International on February 27, 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, Mid Cap, Sentinel Small, and Touchstone Sustainability. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
12.4713.5414.61
Details
Intrinsic
Valuation
LowRealHigh
13.4414.5115.58
Details
Naive
Forecast
LowNextHigh
12.3813.4514.52
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.5213.5513.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Touchstone International. Your research has to be compared to or analyzed against Touchstone International's peers to derive any actionable benefits. When done correctly, Touchstone International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Touchstone International.

Touchstone International Backtested Returns

We consider Touchstone International very steady. Touchstone International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone International Small, which you can use to evaluate the volatility of the fund. Please validate Touchstone International's Risk Adjusted Performance of 0.0905, coefficient of variation of 647.11, and Semi Deviation of 0.7154 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.0261, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Touchstone International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone International is expected to be smaller as well.

Auto-correlation

    
  -0.02  

Very weak reverse predictability

Touchstone International Small has very weak reverse predictability. Overlapping area represents the amount of predictability between Touchstone International time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 -0.02 indicates that only 2.0% of current Touchstone International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.02
Spearman Rank Test-0.2
Residual Average0.0
Price Variance0.01

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.

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Check out Touchstone International Correlation, Touchstone International Volatility and Touchstone International Alpha and Beta module to complement your research on Touchstone International.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Touchstone International's price analysis, check to measure Touchstone International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Touchstone International is operating at the current time. Most of Touchstone International's value examination focuses on studying past and present price action to predict the probability of Touchstone International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Touchstone International's price. Additionally, you may evaluate how the addition of Touchstone International to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Touchstone International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Touchstone International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...