Transamerica Short Term Bond Fund Market Value
| ITACX Fund | USD 9.97 0.01 0.10% |
| Symbol | Transamerica |
Transamerica Short '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 Short'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 Short.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Transamerica Short on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Short Term Bond or generate 0.0% return on investment in Transamerica Short over 270 days. Transamerica Short is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Capital, Transamerica Growth, Transamerica Large, and Transamerica Large. The fund normally invests at least 80 percent of its net assets in fixed-income securities More
Transamerica Short 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 Short'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 Short Term Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1549 | |||
| Information Ratio | (1.12) | |||
| Maximum Drawdown | 0.6998 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2004 |
Transamerica Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Short's standard deviation. In reality, there are many statistical measures that can use Transamerica Short historical prices to predict the future Transamerica Short's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.86) | |||
| Treynor Ratio | 0.2245 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Short'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 Short Term Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica Short Term owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0138, which indicates the fund had a 0.0138% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Short Term Bond, which you can use to evaluate the volatility of the fund. Please validate Transamerica Short's Semi Deviation of 0.0817, coefficient of variation of 2554.91, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0016%. The entity has a beta of -0.0239, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica Short are expected to decrease at a much lower rate. During the bear market, Transamerica Short is likely to outperform the market.
Auto-correlation | 0.17 |
Very weak predictability
Transamerica Short Term Bond has very weak predictability. Overlapping area represents the amount of predictability between Transamerica Short time series from 5th of March 2024 to 18th of July 2024 and 18th of July 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 Short Term price movement. The serial correlation of 0.17 indicates that over 17.0% of current Transamerica Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transamerica Short Term lagged returns against current returns
Autocorrelation, which is Transamerica Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Short returns to help us make a trade decision. For example, suppose you find that Transamerica Short 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 Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Short 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 Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Short Lagged Returns
When evaluating Transamerica Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Short mutual fund have on its future price. Transamerica Short 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 Short autocorrelation shows the relationship between Transamerica Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Short Term Bond.
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 Short 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 Short security.
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