Transamerica Mid Cap Fund Market Value
| TOTRX Fund | USD 11.26 0.04 0.36% |
| Symbol | Transamerica |
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.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Transamerica Mid on July 4, 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 660 days. Transamerica Mid is related to or competes with Fidelity Low-priced, Vanguard Mid-cap, Jpmorgan Mid, and Jpmorgan Mid. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of mid cap compa... 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.
| Downside Deviation | 0.9077 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.09 |
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.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0372 |
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.
Transamerica Mid Cap Backtested Returns
We consider Transamerica Mid out of control. Transamerica Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0519, which indicates the fund had a 0.0519% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Transamerica Mid's Coefficient Of Variation of 1536.23, semi deviation of 0.7733, and Risk Adjusted Performance of 0.0421 to confirm if the risk estimate we provide is consistent with the expected return of 0.0383%. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. Transamerica Mid returns are very sensitive to returns on the market. As the market goes up or down, Transamerica Mid is expected to follow.
Auto-correlation | 0.04 |
Virtually no predictability
Transamerica Mid Cap has virtually no predictability. Overlapping area represents the amount of predictability between Transamerica Mid time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 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 Mid Cap price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Transamerica Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
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.
Currently Active Assets on Macroaxis
Check out Transamerica Mid Correlation, Transamerica Mid Volatility and Transamerica Mid Alpha and Beta module to complement your research on Transamerica Mid. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.