Transamerica Floating Rate Fund Price on July 18, 2023
| TFLAX Fund | USD 9.07 0.01 0.11% |
Below is the normalized historical share price chart for Transamerica Floating Rate extending back to October 31, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Transamerica Floating stands at 9.07, as last reported on the 2nd of December, with the highest price reaching 9.07 and the lowest price hitting 9.07 during the day.
If you're considering investing in Transamerica Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Transamerica Mutual Fund to be out of control. Transamerica Floating owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Transamerica Floating Rate, which you can use to evaluate the volatility of the fund. Please validate Transamerica Floating's Variance of 0.0223, risk adjusted performance of 0.1586, and Coefficient Of Variation of 382.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.0314%.
Transamerica Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Transamerica |
Sharpe Ratio = 0.2475
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| Negative Returns | TFLAX |
Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Transamerica Floating is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Transamerica Floating by adding it to a well-diversified portfolio.
Transamerica Floating Valuation on July 18, 2023
It is possible to determine the worth of Transamerica Floating on a given historical date. On July 18, 2023 Transamerica was worth 8.11 at the beginning of the trading date compared to the closed value of 8.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Transamerica Floating mutual fund. Still, in general, we apply an absolute valuation method to find Transamerica Floating's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Transamerica Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Transamerica Floating's related companies.
| Open | High | Low | Close | Volume | |
| 8.12 | 8.12 | 8.12 | 8.12 | 1.00 | |
07/18/2023 | 8.11 | 8.11 | 8.11 | 8.11 | 1.00 |
| 8.10 | 8.10 | 8.10 | 8.10 | 1.00 |
| Backtest Transamerica Floating | | | Transamerica Floating History | | | Transamerica Floating Valuation | Previous | Next |
Transamerica Floating Trading Date Momentum on July 18, 2023
| On July 19 2023 Transamerica Floating Rate was traded for 8.10 at the closing time. The highest daily price throughout the period was 8.10 and the lowest price was 8.10 . There was no trading activity during the period 1.0. Lack of trading volume on 07/19/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.12% . The trading price change to current closing price is 0.25% . |
Transamerica Floating Fundamentals Correlations and Trends
By evaluating Transamerica Floating's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Transamerica Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Transamerica financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Transamerica Floating Mutual Fund history
Transamerica Floating investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Transamerica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Transamerica Floating will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Transamerica Floating stock prices may prove useful in developing a viable investing in Transamerica Floating
Under normal circumstances the funds sub-adviser seeks to achieve the funds objective by investing at least 80 percent of its net assets in floating rate loans or floating rate debt securities. It can invest in senior loans of any maturity and quality. The majority of the funds total assets generally will be invested in floating rate loans or floating rate debt securities rated below investment grade, and the fund may invest without limitation in such loans and securities.
Transamerica Floating Mutual Fund Technical Analysis
Transamerica Floating 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.
Price Boundaries
Transamerica Floating Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Transamerica Floating Rate cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Transamerica Floating December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Transamerica Floating mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Transamerica Floating shares will generate the highest return on investment. By undertsting and applying Transamerica Floating mutual fund market strength indicators, traders can identify Transamerica Floating Rate entry and exit signals to maximize returns
Transamerica Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Transamerica Floating's price direction in advance. Along with the technical and fundamental analysis of Transamerica Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Transamerica to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1586 | |||
| Jensen Alpha | 0.0297 | |||
| Total Risk Alpha | 0.0041 | |||
| Treynor Ratio | (5.93) |
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Other Information on Investing in Transamerica Mutual Fund
Transamerica Floating financial ratios help investors to determine whether Transamerica Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Transamerica with respect to the benefits of owning Transamerica Floating security.
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