Transamerica Mid Cap Fund Market Value
| IMCGX Fund | USD 10.18 0.12 1.17% |
| Symbol | Transamerica |
Transamerica Mid '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 Mid'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 Mid.
| 01/10/2023 |
| 12/30/2024 |
If you would invest 0.00 in Transamerica Mid on January 10, 2023 and sell it all today you would earn a total of 0.00 from holding Transamerica Mid Cap or generate 0.0% return on investment in Transamerica Mid over 720 days. Transamerica Mid is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Capital, Transamerica Growth, Transamerica Large, and Transamerica Large. The fund normally invests primarily in stocks of medium sized companies which the funds sub-adviser believes will earn h... More
Transamerica Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.0068 | |||
| Maximum Drawdown | 6.72 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.66 |
Transamerica Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Mid's standard deviation. In reality, there are many statistical measures that can use Transamerica Mid historical prices to predict the future Transamerica Mid's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | 0.0262 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0053 | |||
| Treynor Ratio | 0.1591 |
Transamerica Mid Cap Backtested Returns
At this stage we consider Transamerica Mutual Fund to be not too volatile. Transamerica Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.038, which indicates the fund had a 0.038% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Transamerica Mid's Risk Adjusted Performance of 0.0299, semi deviation of 1.38, and Coefficient Of Variation of 3012.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0471%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transamerica Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Mid is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
Transamerica Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Transamerica Mid time series from 10th of January 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Mid Cap price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Transamerica Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Transamerica Mid Cap lagged returns against current returns
Autocorrelation, which is Transamerica Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Mid returns to help us make a trade decision. For example, suppose you find that Transamerica Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Mid Lagged Returns
When evaluating Transamerica Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Mid mutual fund have on its future price. Transamerica Mid 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 Mid autocorrelation shows the relationship between Transamerica Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Mid Cap.
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 Mid 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 Mid security.
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