Transamerica Smallmid Cap Fund Market Value
| TASMX Fund | USD 33.38 0.09 0.27% |
| Symbol | Transamerica |
Transamerica Small/mid '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 Small/mid'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 Small/mid.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Transamerica Small/mid on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Smallmid Cap or generate 0.0% return on investment in Transamerica Small/mid over 30 days. Transamerica Small/mid 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 small- and mid-cap equity securities More
Transamerica Small/mid 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 Small/mid'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 Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7481 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.28 |
Transamerica Small/mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Small/mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Small/mid's standard deviation. In reality, there are many statistical measures that can use Transamerica Small/mid historical prices to predict the future Transamerica Small/mid's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0869 |
Transamerica Smallmid Cap Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica Smallmid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Smallmid Cap, which you can use to evaluate the volatility of the fund. Please validate Transamerica Small/mid's Risk Adjusted Performance of 0.0865, coefficient of variation of 896.96, and Semi Deviation of 0.6028 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 1.01, which indicates a somewhat significant risk relative to the market. Transamerica Small/mid returns are very sensitive to returns on the market. As the market goes up or down, Transamerica Small/mid is expected to follow.
Auto-correlation | 0.85 |
Very good predictability
Transamerica Smallmid Cap has very good predictability. Overlapping area represents the amount of predictability between Transamerica Small/mid time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Smallmid Cap price movement. The serial correlation of 0.85 indicates that around 85.0% of current Transamerica Small/mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Transamerica Smallmid Cap lagged returns against current returns
Autocorrelation, which is Transamerica Small/mid 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 Small/mid's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Small/mid returns to help us make a trade decision. For example, suppose you find that Transamerica Small/mid 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 Small/mid 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 Small/mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Small/mid 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 Small/mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Small/mid Lagged Returns
When evaluating Transamerica Small/mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Small/mid mutual fund have on its future price. Transamerica Small/mid 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 Small/mid autocorrelation shows the relationship between Transamerica Small/mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Smallmid Cap.
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 Small/mid 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 Small/mid security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |