Transamerica Strategic High Fund Market Value
| TASHX Fund | USD 13.42 0.08 0.60% |
| Symbol | Transamerica |
Transamerica Strategic '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 Strategic'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 Strategic.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Transamerica Strategic on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Strategic High or generate 0.0% return on investment in Transamerica Strategic over 30 days. Transamerica Strategic is related to or competes with Fidelity Strategic, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and Bondbloxx ETF. The funds sub-adviser deploys an active strategy that normally seeks to invest in a range of securities, including prima... More
Transamerica Strategic 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 Strategic'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 Strategic High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4518 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.6116 |
Transamerica Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Strategic's standard deviation. In reality, there are many statistical measures that can use Transamerica Strategic historical prices to predict the future Transamerica Strategic's volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0591 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Strategic'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 Strategic Backtested Returns
We consider Transamerica Strategic out of control. Transamerica Strategic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0824, which indicates the fund had a 0.0824% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Strategic High, which you can use to evaluate the volatility of the fund. Please validate Transamerica Strategic's Coefficient Of Variation of 891.17, semi deviation of 0.3243, and Risk Adjusted Performance of 0.0637 to confirm if the risk estimate we provide is consistent with the expected return of 0.0318%. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transamerica Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Strategic is expected to be smaller as well.
Auto-correlation | -0.04 |
Very weak reverse predictability
Transamerica Strategic High has very weak reverse predictability. Overlapping area represents the amount of predictability between Transamerica Strategic time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Strategic price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Transamerica Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Transamerica Strategic lagged returns against current returns
Autocorrelation, which is Transamerica Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Strategic returns to help us make a trade decision. For example, suppose you find that Transamerica Strategic 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 |
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Transamerica Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
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Transamerica Strategic Lagged Returns
When evaluating Transamerica Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Strategic mutual fund have on its future price. Transamerica Strategic 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 Strategic autocorrelation shows the relationship between Transamerica Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Strategic High.
Regressed Prices |
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Currently Active Assets on Macroaxis
Check out Transamerica Strategic Correlation, Transamerica Strategic Volatility and Transamerica Strategic Alpha and Beta module to complement your research on Transamerica Strategic. Note that the Transamerica Strategic information on this page should be used as a complementary analysis to other Transamerica Strategic'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Transamerica Strategic 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.