Transamerica Mid Cap Fund Market Value

MCGAX Fund  USD 9.43  0.02  0.21%   
Transamerica Mid's market value is the price at which a share of Transamerica Mid trades on a public exchange. It measures the collective expectations of Transamerica Mid Cap investors about its performance. Transamerica Mid is trading at 9.43 as of the 28th of March 2024; that is 0.21 percent up since the beginning of the trading day. The fund's open price was 9.41.
With this module, you can estimate the performance of a buy and hold strategy of Transamerica Mid Cap and determine expected loss or profit from investing in Transamerica Mid over a given investment horizon. Check out Transamerica Mid Correlation, Transamerica Mid Volatility and Transamerica Mid Alpha and Beta module to complement your research on Transamerica Mid.
Symbol

Please note, there is a significant difference between Transamerica Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transamerica Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transamerica Mid'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 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.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/28/2024
0.00
If you would invest  0.00  in Transamerica Mid on April 8, 2022 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 Locorr Longshort, Jhancock Short, Franklin Federal, 361 Domestic, Touchstone Ultra, Vanguard Short-term, and Rbc Short. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Mid'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.
Hype
Prediction
LowEstimatedHigh
8.509.4310.36
Details
Intrinsic
Valuation
LowRealHigh
8.369.2910.22
Details
Naive
Forecast
LowNextHigh
8.539.4610.39
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.399.449.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Transamerica Mid. Your research has to be compared to or analyzed against Transamerica Mid's peers to derive any actionable benefits. When done correctly, Transamerica Mid'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 Mid Cap.

Transamerica Mid Cap Backtested Returns

We consider Transamerica Mid very steady. Transamerica Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Transamerica Mid's Semi Deviation of 0.7822, risk adjusted performance of 0.1121, and Coefficient Of Variation of 514.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 0.0691, 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

    
  0.18  

Very weak predictability

Transamerica Mid Cap has very weak predictability. Overlapping area represents the amount of predictability between Transamerica Mid time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 0.18 indicates that over 18.0% of current Transamerica Mid price fluctuation can be explain by its past prices.
Correlation Coefficient0.18
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.39

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Transamerica Mid in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Transamerica Mid's short interest history, or implied volatility extrapolated from Transamerica Mid options trading.

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Check out Transamerica Mid Correlation, Transamerica Mid Volatility and Transamerica Mid Alpha and Beta module to complement your research on Transamerica Mid.
Note that the Transamerica Mid Cap information on this page should be used as a complementary analysis to other Transamerica Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Transamerica Mid's price analysis, check to measure Transamerica Mid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Transamerica Mid is operating at the current time. Most of Transamerica Mid's value examination focuses on studying past and present price action to predict the probability of Transamerica Mid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transamerica Mid's price. Additionally, you may evaluate how the addition of Transamerica Mid to your portfolios can decrease your overall portfolio volatility.
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Transamerica Mid 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.
A focus of Transamerica Mid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Transamerica Mid trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...