Touchstone Mid Cap Fund Quote

TMCTX Fund  USD 55.52  0.80  1.46%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 37

 
100  
 
Zero
Below Average
Touchstone Mid is trading at 55.52 as of the 28th of March 2024; that is 1.46 percent increase since the beginning of the trading day. The fund's open price was 54.72. Touchstone Mid has about a 37 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Touchstone Mid Cap are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests, under normal market conditions, at least 80 percent of its assets in common stocks of medium capitalization U.S. listed companies. For purposes of the fund, a medium capitalization company has a market capitalization found within the range of market capitalizations represented in the Russell Midcap Index at the time of purchase. More on Touchstone Mid Cap

Moving together with Touchstone Mutual Fund

  0.69USG USCF Gold Strategy Symbol ChangePairCorr
  0.85TVOYX Touchstone Small CapPairCorr
  0.93TEGCX Touchstone Sands CapitalPairCorr
  0.97TEGAX Mid Cap GrowthPairCorr
  0.97TEGIX Mid Cap GrowthPairCorr
  0.96TEGYX Mid Cap GrowthPairCorr
  0.93SAGWX Sentinel Small PanyPairCorr

Touchstone Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Touchstone Mid's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Touchstone Mid or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationTouchstone Funds, Large Funds, Mid-Cap Blend Funds, Mid-Cap Blend, Touchstone (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date27th of January 2023
Fiscal Year EndSeptember
Touchstone Mid Cap [TMCTX] is traded in USA and was established 28th of March 2024. Touchstone Mid is listed under Touchstone category by Fama And French industry classification. The fund is listed under Mid-Cap Blend category and is part of Touchstone family. This fund at this time has accumulated 4.62 B in assets with no minimum investment requirementsTouchstone Mid Cap is currently producing year-to-date (YTD) return of 7.78% with the current yeild of 0.0%, while the total return for the last 3 years was 7.46%.
Check Touchstone Mid Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Touchstone Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Touchstone Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Touchstone Mid Cap Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Touchstone Mid Cap Mutual Fund Constituents

PHMPulteGroupStockConsumer Discretionary
NEUNewMarketStockMaterials
PGRProgressive CorpStockFinancials
TROWT Rowe PriceStockFinancials
STORSTORE Capital CorpStockReal Estate
AWIArmstrong World IndustriesStockIndustrials
YAlleghanyStockInsurance—Property & Casualty
More Details

Touchstone Mid Target Price Odds Analysis

Based on a normal probability distribution, the odds of Touchstone Mid jumping above the current price in 90 days from now is under 4%. The Touchstone Mid Cap probability density function shows the probability of Touchstone Mid mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.276. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Touchstone Mid will likely underperform. Additionally, touchstone Mid Cap has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 55.52HorizonTargetOdds Above 55.52
96.64%90 days
 55.52 
3.31%
Based on a normal probability distribution, the odds of Touchstone Mid to move above the current price in 90 days from now is under 4 (This Touchstone Mid Cap probability density function shows the probability of Touchstone Mutual Fund to fall within a particular range of prices over 90 days) .

Touchstone Mid Cap Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing 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. Although Touchstone Mid's alpha and beta are two of the key measurements used to evaluate Touchstone Mid's performance over the market, the standard measures of volatility play an important role as well.

Touchstone Mid Against Markets

Picking the right benchmark for Touchstone Mid mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Touchstone Mid mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Touchstone Mid is critical whether you are bullish or bearish towards Touchstone Mid Cap at a given time. Please also check how Touchstone Mid's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Touchstone Mid without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Touchstone Mutual Fund?

Before investing in Touchstone Mid, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Touchstone Mid. To buy Touchstone Mid fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Touchstone Mid. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Touchstone Mid fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Touchstone Mid Cap fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Touchstone Mid Cap fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Touchstone Mid Cap, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Touchstone Mid Cap?

The danger of trading Touchstone Mid Cap is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Touchstone Mid is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Touchstone Mid. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Touchstone Mid Cap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Mid Cap. 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 estimate.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Touchstone Mutual Fund analysis

When running Touchstone Mid's price analysis, check to measure Touchstone Mid'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 Mid is operating at the current time. Most of Touchstone Mid's value examination focuses on studying past and present price action to predict the probability of Touchstone Mid'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 Mid's price. Additionally, you may evaluate how the addition of Touchstone Mid to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Touchstone Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Touchstone Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Touchstone Mid'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.