Transamerica Multi Managed Balanced Fund Market Value
| IBLLX Fund | USD 36.04 0.17 0.47% |
| Symbol | Transamerica |
Transamerica Multi '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 Multi'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 Multi.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Transamerica Multi on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Multi Managed Balanced or generate 0.0% return on investment in Transamerica Multi over 30 days. Transamerica Multi is related to or competes with Franklin Adjustable, Dunham Corporate/govern, Prudential Government, Us Government, Us Government, Lord Abbett, and Blackrock. Under normal circumstances, the fund invests approximately 60 percent of its net assets in equity securities and approximately 40 percent of its net assets in fixed-income securities . More
Transamerica Multi 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 Multi'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 Multi Managed Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4983 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.7174 |
Transamerica Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Multi's standard deviation. In reality, there are many statistical measures that can use Transamerica Multi historical prices to predict the future Transamerica Multi's volatility.| Risk Adjusted Performance | 0.0966 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.107 |
Transamerica Multi Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Multi Managed Balanced, which you can use to evaluate the volatility of the fund. Please validate Transamerica Multi's Semi Deviation of 0.3801, risk adjusted performance of 0.0966, and Coefficient Of Variation of 740.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0754%. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transamerica Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Multi is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Transamerica Multi Managed Balanced has very good predictability. Overlapping area represents the amount of predictability between Transamerica Multi time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Multi price movement. The serial correlation of 0.82 indicates that around 82.0% of current Transamerica Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Transamerica Multi lagged returns against current returns
Autocorrelation, which is Transamerica Multi 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 Multi's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Multi returns to help us make a trade decision. For example, suppose you find that Transamerica Multi 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 Multi 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 Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Multi 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 Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Multi Lagged Returns
When evaluating Transamerica Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Multi mutual fund have on its future price. Transamerica Multi 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 Multi autocorrelation shows the relationship between Transamerica Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Multi Managed Balanced.
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.Other Information on Investing in Transamerica Mutual Fund
Transamerica Multi 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 Multi security.
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