Transamerica Emerging Markets Fund Market Value
| TEOIX Fund | USD 7.76 0.08 1.02% |
| Symbol | Transamerica |
Transamerica Emerging '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 Emerging'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 Emerging.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Transamerica Emerging on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Emerging Markets or generate 0.0% return on investment in Transamerica Emerging over 90 days. Transamerica Emerging is related to or competes with Transamerica Capital, Transamerica Growth, Transamerica Large, Transamerica Large, Transamerica Large, Transamerica Large, and Transamerica Emerging. Under normal circumstances, the funds sub-adviser, Wellington Management Company LLP , will invest at least 80 percent of the funds net assets in equity securities , Global Depository Receipts and European Depository Receipts of companies that are located andor conduct substantial business activities in emerging markets, including frontier markets. More
Transamerica Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.0546 | |||
| Maximum Drawdown | 4.25 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.23 |
Transamerica Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Emerging's standard deviation. In reality, there are many statistical measures that can use Transamerica Emerging historical prices to predict the future Transamerica Emerging's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.0579 | |||
| Total Risk Alpha | 0.0337 | |||
| Sortino Ratio | 0.0464 | |||
| Treynor Ratio | 0.1196 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Emerging'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 Emerging Backtested Returns
We consider Transamerica Emerging very steady. Transamerica Emerging owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0834, which indicates the fund had a 0.0834% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Emerging Markets, which you can use to evaluate the volatility of the fund. Please validate Transamerica Emerging's Coefficient Of Variation of 930.42, semi deviation of 0.8745, and Risk Adjusted Performance of 0.0699 to confirm if the risk estimate we provide is consistent with the expected return of 0.0715%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transamerica Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Emerging is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Transamerica Emerging Markets has good predictability. Overlapping area represents the amount of predictability between Transamerica Emerging time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Emerging price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Transamerica Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Transamerica Emerging lagged returns against current returns
Autocorrelation, which is Transamerica Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Emerging returns to help us make a trade decision. For example, suppose you find that Transamerica Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
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Transamerica Emerging Lagged Returns
When evaluating Transamerica Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Emerging mutual fund have on its future price. Transamerica Emerging 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 Emerging autocorrelation shows the relationship between Transamerica Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Transamerica Emerging Correlation, Transamerica Emerging Volatility and Transamerica Emerging Alpha and Beta module to complement your research on Transamerica Emerging. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Transamerica Emerging 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.