Transamerica Flexible Income Fund Market Value
| IDITX Fund | USD 8.09 0.03 0.37% |
| Symbol | Transamerica |
Transamerica Flexible '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 Flexible'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 Flexible.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Transamerica Flexible on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Transamerica Flexible Income or generate 0.0% return on investment in Transamerica Flexible over 540 days. Transamerica Flexible is related to or competes with Metropolitan West, Metropolitan West, Pimco Total, Total Return, Total Return, Strategic Advisers, and Dodge Cox. The fund normally invests at least 80 percent of its net assets in fixed-income securities More
Transamerica Flexible 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 Flexible'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 Flexible Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.12 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.375 |
Transamerica Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Flexible's standard deviation. In reality, there are many statistical measures that can use Transamerica Flexible historical prices to predict the future Transamerica Flexible's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.3128 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Flexible'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 Flexible Backtested Returns
Transamerica Flexible owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.053, which indicates the fund had a -0.053% return per unit of risk over the last 3 months. Transamerica Flexible Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transamerica Flexible's Risk Adjusted Performance of (0.05), coefficient of variation of (2,639), and Variance of 0.0818 to confirm the risk estimate we provide. The entity has a beta of -0.0666, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica Flexible are expected to decrease at a much lower rate. During the bear market, Transamerica Flexible is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
Transamerica Flexible Income has average predictability. Overlapping area represents the amount of predictability between Transamerica Flexible time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Flexible price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Transamerica Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Transamerica Flexible lagged returns against current returns
Autocorrelation, which is Transamerica Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Flexible returns to help us make a trade decision. For example, suppose you find that Transamerica Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Flexible Lagged Returns
When evaluating Transamerica Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Flexible mutual fund have on its future price. Transamerica Flexible 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 Flexible autocorrelation shows the relationship between Transamerica Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Flexible Income.
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 Flexible 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 Flexible security.
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