Transamerica Emerging Markets Fund Market Value
| TEOOX Fund | 8.04 0.05 0.62% |
| Symbol | Transamerica |
Transamerica Emerging '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 Emerging'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 Emerging.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Transamerica Emerging on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Emerging Markets or generate 0.0% return on investment in Transamerica Emerging over 30 days. Transamerica Emerging is related to or competes with Vanguard Emerging, Vanguard Emerging, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of the funds net assets in equity securities , Global Depository Receipts and European Depository Receipts of companies that are located andor conduct substantial business activities in emerging markets, including frontier markets. More
Transamerica Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9976 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.47 |
Transamerica Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Emerging's standard deviation. In reality, there are many statistical measures that can use Transamerica Emerging historical prices to predict the future Transamerica Emerging's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.05) |
Transamerica Emerging Backtested Returns
At this stage we consider Transamerica Mutual Fund to be not too volatile. Transamerica Emerging owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0043, which indicates the fund had a 0.0043% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica Emerging Markets, which you can use to evaluate the volatility of the fund. Please validate Transamerica Emerging's Risk Adjusted Performance of 0.0111, semi deviation of 0.7962, and Coefficient Of Variation of 7771.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.0038%. The entity has a beta of -0.0277, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica Emerging are expected to decrease at a much lower rate. During the bear market, Transamerica Emerging is likely to outperform the market.
Auto-correlation | 0.46 |
Average predictability
Transamerica Emerging Markets has average predictability. Overlapping area represents the amount of predictability between Transamerica Emerging time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Emerging price movement. The serial correlation of 0.46 indicates that about 46.0% of current Transamerica Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transamerica Emerging lagged returns against current returns
Autocorrelation, which is Transamerica Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Emerging returns to help us make a trade decision. For example, suppose you find that Transamerica Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Emerging Lagged Returns
When evaluating Transamerica Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Emerging mutual fund have on its future price. Transamerica Emerging 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 Emerging autocorrelation shows the relationship between Transamerica Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Emerging Markets.
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 Emerging 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 Emerging security.
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