Transamerica Mlp Energy Fund Market Value
TMCLX Fund | USD 7.08 0.06 0.84% |
Symbol | Transamerica |
Transamerica Mlp '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 Mlp'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 Mlp.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Transamerica Mlp on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Mlp Energy or generate 0.0% return on investment in Transamerica Mlp over 30 days. Transamerica Mlp is related to or competes with USCF Gold, Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Asset, Transamerica Asset, and Transamerica Capital. Under normal circumstances, the funds sub-adviser seeks to achieve the funds stated objective by investing at least 80 p... More
Transamerica Mlp 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 Mlp'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 Mlp Energy upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.687 | |||
Information Ratio | (0.000058) | |||
Maximum Drawdown | 3.09 | |||
Value At Risk | (1.07) | |||
Potential Upside | 1.24 |
Transamerica Mlp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Mlp's standard deviation. In reality, there are many statistical measures that can use Transamerica Mlp historical prices to predict the future Transamerica Mlp's volatility.Risk Adjusted Performance | 0.1108 | |||
Jensen Alpha | 0.1473 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.000058) | |||
Treynor Ratio | (0.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Mlp'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 Mlp Energy Backtested Returns
We consider Transamerica Mlp very steady. Transamerica Mlp Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Mlp Energy, which you can use to evaluate the volatility of the fund. Please validate Transamerica Mlp's Semi Deviation of 0.4554, risk adjusted performance of 0.1108, and Coefficient Of Variation of 509.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica Mlp are expected to decrease at a much lower rate. During the bear market, Transamerica Mlp is likely to outperform the market.
Auto-correlation | 0.86 |
Very good predictability
Transamerica Mlp Energy has very good predictability. Overlapping area represents the amount of predictability between Transamerica Mlp time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 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 Mlp Energy price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Transamerica Mlp price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.86 | |
Spearman Rank Test | 0.73 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Transamerica Mlp Energy lagged returns against current returns
Autocorrelation, which is Transamerica Mlp 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 Mlp's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Mlp returns to help us make a trade decision. For example, suppose you find that Transamerica Mlp 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 Mlp 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 Mlp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Mlp 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 Mlp mutual fund over time.
Current vs Lagged Prices |
Timeline |
Transamerica Mlp Lagged Returns
When evaluating Transamerica Mlp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Mlp mutual fund have on its future price. Transamerica Mlp 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 Mlp autocorrelation shows the relationship between Transamerica Mlp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Mlp Energy.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Transamerica Mlp Correlation, Transamerica Mlp Volatility and Transamerica Mlp Alpha and Beta module to complement your research on Transamerica Mlp. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running Transamerica Mlp's price analysis, check to measure Transamerica Mlp'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 Mlp is operating at the current time. Most of Transamerica Mlp's value examination focuses on studying past and present price action to predict the probability of Transamerica Mlp'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 Mlp's price. Additionally, you may evaluate how the addition of Transamerica Mlp to your portfolios can decrease your overall portfolio volatility.
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