Transamerica Asset Allocation Fund Market Value
| ICLLX Fund | USD 10.69 0.03 0.28% |
| Symbol | Transamerica |
Transamerica Asset '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 Transamerica Asset'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 Transamerica Asset.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Transamerica Asset on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Asset Allocation or generate 0.0% return on investment in Transamerica Asset over 30 days. Transamerica Asset is related to or competes with Putnam Convertible, Calamos Dynamic, Rationalpier, and Lord Abbett. The fund normally invests its assets in a broad mix of underlying Transamerica funds More
Transamerica Asset 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 Transamerica Asset'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 Transamerica Asset Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3491 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.23 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5623 |
Transamerica Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Asset's standard deviation. In reality, there are many statistical measures that can use Transamerica Asset historical prices to predict the future Transamerica Asset's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0018 |
Transamerica Asset Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica Asset owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0016, which indicates the fund had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Asset Allocation, which you can use to evaluate the volatility of the fund. Please validate Transamerica Asset's Coefficient Of Variation of 3075.44, risk adjusted performance of 0.011, and Semi Deviation of 0.2933 to confirm if the risk estimate we provide is consistent with the expected return of 5.0E-4%. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transamerica Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Asset is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Transamerica Asset Allocation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Transamerica Asset time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 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 Transamerica Asset price movement. The serial correlation of -0.75 indicates that around 75.0% of current Transamerica Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transamerica Asset lagged returns against current returns
Autocorrelation, which is Transamerica Asset 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 Transamerica Asset's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Asset returns to help us make a trade decision. For example, suppose you find that Transamerica Asset 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 |
Transamerica Asset 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 Transamerica Asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transamerica Asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Asset Lagged Returns
When evaluating Transamerica Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Asset mutual fund have on its future price. Transamerica Asset 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, Transamerica Asset autocorrelation shows the relationship between Transamerica Asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Asset Allocation.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Transamerica Mutual Fund
Transamerica Asset financial ratios help investors to determine whether Transamerica Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Transamerica with respect to the benefits of owning Transamerica Asset security.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |