Transamerica Growth I Fund Market Value
TDEIX Fund | USD 29.75 0.44 1.50% |
Symbol | Transamerica |
Transamerica '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'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.
04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Transamerica on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Growth I or generate 0.0% return on investment in Transamerica over 30 days. Transamerica is related to or competes with American Funds, American Funds, Growth Fund, and Growth Fund. The fund invests, under normal circumstances, at least 80 percent of its net assets in domestic common stocks More
Transamerica 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'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 Growth I upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9735 | |||
Information Ratio | 0.0225 | |||
Maximum Drawdown | 5.35 | |||
Value At Risk | (1.66) | |||
Potential Upside | 1.87 |
Transamerica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica's standard deviation. In reality, there are many statistical measures that can use Transamerica historical prices to predict the future Transamerica's volatility.Risk Adjusted Performance | 0.0635 | |||
Jensen Alpha | 0.0158 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | 0.0258 | |||
Treynor Ratio | 0.0833 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica's 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 Growth Backtested Returns
We consider Transamerica very steady. Transamerica Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0447, which indicates the fund had a 0.0447% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Growth I, which you can use to evaluate the volatility of the fund. Please validate Transamerica's Coefficient Of Variation of 1066.22, risk adjusted performance of 0.0635, and Semi Deviation of 0.8312 to confirm if the risk estimate we provide is consistent with the expected return of 0.0485%. The entity has a beta of 1.13, which indicates a somewhat significant risk relative to the market. Transamerica returns are very sensitive to returns on the market. As the market goes up or down, Transamerica is expected to follow.
Auto-correlation | -0.41 |
Modest reverse predictability
Transamerica Growth I has modest reverse predictability. Overlapping area represents the amount of predictability between Transamerica time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Growth price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Transamerica price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.41 | |
Spearman Rank Test | -0.45 | |
Residual Average | 0.0 | |
Price Variance | 0.08 |
Transamerica Growth lagged returns against current returns
Autocorrelation, which is Transamerica 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's mutual fund expected returns. We can calculate the autocorrelation of Transamerica returns to help us make a trade decision. For example, suppose you find that Transamerica 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica 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 mutual fund over time.
Current vs Lagged Prices |
Timeline |
Transamerica Lagged Returns
When evaluating Transamerica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica mutual fund have on its future price. Transamerica 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 autocorrelation shows the relationship between Transamerica mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Growth I.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Transamerica Correlation, Transamerica Volatility and Transamerica Alpha and Beta module to complement your research on Transamerica. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Transamerica technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.