Transamerica Growth I Fund Market Value
| TDEIX Fund | USD 29.68 0.50 1.66% |
| Symbol | Transamerica |
Transamerica Growth '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 Growth'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 Growth.
| 04/22/2023 |
| 04/16/2024 |
If you would invest 0.00 in Transamerica Growth on April 22, 2023 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 Growth over 360 days. Transamerica Growth is related to or competes with Transamerica Capital, Transamerica Multi-managed, Lkcm Equity, Dreyfus Large, and Blue Chip. The fund invests, under normal circumstances, at least 80 percent of its net assets in domestic common stocks More
Transamerica Growth 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 Growth'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 | 0.9459 | |||
| Information Ratio | 0.0829 | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.73 |
Transamerica Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Growth's standard deviation. In reality, there are many statistical measures that can use Transamerica Growth historical prices to predict the future Transamerica Growth's volatility.| Risk Adjusted Performance | 0.0934 | |||
| Jensen Alpha | 0.137 | |||
| Total Risk Alpha | 0.0515 | |||
| Sortino Ratio | 0.0922 | |||
| Treynor Ratio | 2.6 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Growth'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 Growth very steady. Transamerica Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Growth I, which you can use to evaluate the volatility of the fund. Please validate Transamerica Growth's Risk Adjusted Performance of 0.0934, semi deviation of 0.7326, and Coefficient Of Variation of 701.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 0.0539, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transamerica Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Growth is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Transamerica Growth I has good predictability. Overlapping area represents the amount of predictability between Transamerica Growth time series from 22nd of April 2023 to 19th of October 2023 and 19th of October 2023 to 16th 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 Growth price movement. The serial correlation of 0.66 indicates that around 66.0% of current Transamerica Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 5.43 |
Transamerica Growth lagged returns against current returns
Autocorrelation, which is Transamerica Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Growth returns to help us make a trade decision. For example, suppose you find that Transamerica Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Growth Lagged Returns
When evaluating Transamerica Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Growth mutual fund have on its future price. Transamerica Growth 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 Growth autocorrelation shows the relationship between Transamerica Growth 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 |
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Check out Transamerica Growth Correlation, Transamerica Growth Volatility and Transamerica Growth Alpha and Beta module to complement your research on Transamerica Growth. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Transamerica Growth 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.