Transamerica Large Growth Fund Market Value
| TGWRX Fund | USD 11.68 0.03 0.26% |
| Symbol | Transamerica |
Transamerica Large '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 Large'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 Large.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Transamerica Large on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Large Growth or generate 0.0% return on investment in Transamerica Large over 30 days. Transamerica Large is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The fund normally invests at least 80 percent of its net assets in equity securities of large cap companies and other in... More
Transamerica Large 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 Large'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 Large Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.47 |
Transamerica Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Large's standard deviation. In reality, there are many statistical measures that can use Transamerica Large historical prices to predict the future Transamerica Large's volatility.| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0416 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Large'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 Large Growth Backtested Returns
We consider Transamerica Large not too volatile. Transamerica Large Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0438, which indicates the fund had a 0.0438% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Large Growth, which you can use to evaluate the volatility of the fund. Please validate Transamerica Large's Risk Adjusted Performance of 0.0399, coefficient of variation of 1802.26, and Semi Deviation of 1.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.0596%. The entity has a beta of 1.53, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Transamerica Large will likely underperform.
Auto-correlation | 0.81 |
Very good predictability
Transamerica Large Growth has very good predictability. Overlapping area represents the amount of predictability between Transamerica Large time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Large Growth price movement. The serial correlation of 0.81 indicates that around 81.0% of current Transamerica Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Transamerica Large Growth lagged returns against current returns
Autocorrelation, which is Transamerica Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Large returns to help us make a trade decision. For example, suppose you find that Transamerica Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Large Lagged Returns
When evaluating Transamerica Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Large mutual fund have on its future price. Transamerica Large 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 Large autocorrelation shows the relationship between Transamerica Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Large Growth.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Transamerica Large Correlation, Transamerica Large Volatility and Transamerica Large Alpha and Beta module to complement your research on Transamerica Large. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Transamerica Large 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.