Transamerica International Growth Fund Market Value

TGRGX Fund  USD 8.21  0.05  0.61%   
Transamerica International's market value is the price at which a share of Transamerica International trades on a public exchange. It measures the collective expectations of Transamerica International Growth investors about its performance. Transamerica International is trading at 8.21 as of the 10th of December 2024; that is 0.61 percent decrease since the beginning of the trading day. The fund's open price was 8.26.
With this module, you can estimate the performance of a buy and hold strategy of Transamerica International Growth and determine expected loss or profit from investing in Transamerica International over a given investment horizon. Check out Transamerica International Correlation, Transamerica International Volatility and Transamerica International Alpha and Beta module to complement your research on Transamerica International.
Symbol

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

Transamerica 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 Transamerica 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 Transamerica International.
0.00
11/10/2024
No Change 0.00  0.0 
In 31 days
12/10/2024
0.00
If you would invest  0.00  in Transamerica International on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica International Growth or generate 0.0% return on investment in Transamerica International over 30 days. Transamerica International is related to or competes with Massmutual Premier, Angel Oak, Arrow Managed, and Black Oak. The funds sub-adviser invests, under normal circumstances, at least 80 percent of the funds net assets in the equity and equity-related securities of issuers economically tied to a number of countries throughout the world, including emerging markets countries. More

Transamerica 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 Transamerica 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 Transamerica International Growth upside and downside potential and time the market with a certain degree of confidence.

Transamerica International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica International's standard deviation. In reality, there are many statistical measures that can use Transamerica International historical prices to predict the future Transamerica International's volatility.
Hype
Prediction
LowEstimatedHigh
7.418.219.01
Details
Intrinsic
Valuation
LowRealHigh
7.428.229.02
Details
Naive
Forecast
LowNextHigh
7.558.349.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.988.158.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Transamerica International. Your research has to be compared to or analyzed against Transamerica International's peers to derive any actionable benefits. When done correctly, Transamerica 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 Transamerica International.

Transamerica International Backtested Returns

Transamerica International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0154, which indicates the fund had a -0.0154% return per unit of risk over the last 3 months. Transamerica International Growth exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transamerica International's Risk Adjusted Performance of 0.0122, coefficient of variation of 6469.89, and Semi Deviation of 0.782 to confirm the risk estimate we provide. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transamerica International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica International is expected to be smaller as well.

Auto-correlation

    
  -0.86  

Excellent reverse predictability

Transamerica International Growth has excellent reverse predictability. Overlapping area represents the amount of predictability between Transamerica International time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 International price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Transamerica International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.86
Spearman Rank Test-0.54
Residual Average0.0
Price Variance0.01

Transamerica International lagged returns against current returns

Autocorrelation, which is Transamerica 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 Transamerica International's mutual fund expected returns. We can calculate the autocorrelation of Transamerica International returns to help us make a trade decision. For example, suppose you find that Transamerica 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  

Transamerica 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 Transamerica International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica 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 Transamerica International mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Transamerica International Lagged Returns

When evaluating Transamerica International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica International mutual fund have on its future price. Transamerica 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, Transamerica International autocorrelation shows the relationship between Transamerica International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica International Growth.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Transamerica Mutual Fund

Transamerica International 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 International security.
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