Transamerica Floating Rate Fund Market Value
| TFLCX Fund | USD 9.07 0.01 0.11% |
| Symbol | Transamerica |
Transamerica Floating '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 Floating'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 Floating.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Transamerica Floating on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Floating Rate or generate 0.0% return on investment in Transamerica Floating over 60 days. Transamerica Floating is related to or competes with Alger Health, Invesco Global, Live Oak, Alphacentric Lifesci, Hartford Healthcare, and Lord Abbett. Under normal circumstances the funds sub-adviser seeks to achieve the funds objective by investing at least 80 percent o... More
Transamerica Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.8961 | |||
| Potential Upside | 0.1114 |
Transamerica Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Floating's standard deviation. In reality, there are many statistical measures that can use Transamerica Floating historical prices to predict the future Transamerica Floating's volatility.| Risk Adjusted Performance | 0.1583 | |||
| Jensen Alpha | 0.0257 | |||
| Total Risk Alpha | 0.0057 | |||
| Treynor Ratio | (21.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Floating'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 Floating Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica Floating owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty technical indicators for Transamerica Floating Rate, which you can use to evaluate the volatility of the fund. Please validate Transamerica Floating's Risk Adjusted Performance of 0.1583, variance of 0.0175, and Coefficient Of Variation of 371.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.0283%. The entity has a beta of -0.0012, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica Floating are expected to decrease at a much lower rate. During the bear market, Transamerica Floating is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
Transamerica Floating Rate has good predictability. Overlapping area represents the amount of predictability between Transamerica Floating time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Floating price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Transamerica Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transamerica Floating lagged returns against current returns
Autocorrelation, which is Transamerica Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Floating returns to help us make a trade decision. For example, suppose you find that Transamerica Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Floating Lagged Returns
When evaluating Transamerica Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Floating mutual fund have on its future price. Transamerica Floating 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 Floating autocorrelation shows the relationship between Transamerica Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Floating Rate.
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 Floating 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 Floating security.
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