Transamerica Mlp Energy Fund Market Value
| TMCLX Fund | USD 7.24 0.04 0.56% |
| 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Transamerica Mlp on March 25, 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 Oppenheimer Steelpath, Oppenheimer Steelpath, Goldman Sachs, Goldman Sachs, and Goldman Sachs. 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 | 0.6947 | |||
| Information Ratio | 0.1214 | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.28 |
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 | 0.161 | |||
| Jensen Alpha | 0.11 | |||
| Total Risk Alpha | 0.0744 | |||
| Sortino Ratio | 0.1234 | |||
| Treynor Ratio | 0.239 |
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 0.23, which indicates the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Mlp Energy, which you can use to evaluate the volatility of the fund. Please validate Transamerica Mlp's Coefficient Of Variation of 390.25, risk adjusted performance of 0.161, and Semi Deviation of 0.352 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transamerica Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Mlp is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Transamerica Mlp Energy has good reverse predictability. Overlapping area represents the amount of predictability between Transamerica Mlp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Mlp Energy price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Transamerica Mlp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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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 |
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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 |
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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 Mlp 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 Mlp's short interest history, or implied volatility extrapolated from Transamerica Mlp options trading.
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Transamerica Mlp 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.