Transamerica Funds Fund Market Value
| TISDX Fund | 10.48 0.03 0.29% |
| Symbol | Transamerica |
Transamerica Funds '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 Funds' 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 Funds.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Transamerica Funds on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Funds or generate 0.0% return on investment in Transamerica Funds over 30 days. Transamerica Funds is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Capital, Transamerica Growth, Transamerica Large, and Transamerica Large. Under normal market conditions, the fund invests at least 80 percent of its net assets in common stock of companies in f... More
Transamerica Funds 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 Funds' 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 Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.15 |
Transamerica Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Funds' standard deviation. In reality, there are many statistical measures that can use Transamerica Funds historical prices to predict the future Transamerica Funds' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Funds' 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.
Transamerica Funds Backtested Returns
Transamerica Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the fund had a -0.15% return per unit of risk over the last 3 months. Transamerica Funds exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transamerica Funds' Coefficient Of Variation of (907.29), risk adjusted performance of (0.09), and Variance of 0.6524 to confirm the risk estimate we provide. The entity has a beta of 0.0744, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transamerica Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Funds is expected to be smaller as well.
Auto-correlation | -0.94 |
Near perfect reversele predictability
Transamerica Funds has near perfect reversele predictability. Overlapping area represents the amount of predictability between Transamerica Funds time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Funds price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current Transamerica Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.94 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Transamerica Funds lagged returns against current returns
Autocorrelation, which is Transamerica Funds 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 Funds' mutual fund expected returns. We can calculate the autocorrelation of Transamerica Funds returns to help us make a trade decision. For example, suppose you find that Transamerica Funds 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 Funds 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 Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Funds 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 Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Funds Lagged Returns
When evaluating Transamerica Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Funds mutual fund have on its future price. Transamerica Funds 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 Funds autocorrelation shows the relationship between Transamerica Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Funds .
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 Funds 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 Funds security.
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