Transamerica Capital Growth Fund Market Value
| TFOIX Fund | USD 41.90 0.36 0.87% |
| Symbol | Transamerica |
Transamerica Capital '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 Capital'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 Capital.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Transamerica Capital on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Transamerica Capital Growth or generate 0.0% return on investment in Transamerica Capital over 690 days. Transamerica Capital is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Growth, Transamerica Large, Transamerica Large, and Transamerica Large. The fund seeks long-term capital growth by investing primarily in established and emerging companies with capitalization... More
Transamerica Capital 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 Capital'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 Capital Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.2461 | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.96 |
Transamerica Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Capital's standard deviation. In reality, there are many statistical measures that can use Transamerica Capital historical prices to predict the future Transamerica Capital's volatility.| Risk Adjusted Performance | 0.2532 | |||
| Jensen Alpha | 0.3577 | |||
| Total Risk Alpha | 0.2681 | |||
| Sortino Ratio | 0.3201 | |||
| Treynor Ratio | 0.3748 |
Transamerica Capital Backtested Returns
Transamerica Capital appears to be very steady, given 3 months investment horizon. Transamerica Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the fund had a 0.36% return per unit of risk over the last 3 months. By inspecting Transamerica Capital's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review Transamerica Capital's Risk Adjusted Performance of 0.2532, semi deviation of 0.7822, and Coefficient Of Variation of 308.36 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.4, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Transamerica Capital will likely underperform.
Auto-correlation | 0.29 |
Poor predictability
Transamerica Capital Growth has poor predictability. Overlapping area represents the amount of predictability between Transamerica Capital time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Capital price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Transamerica Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 10.15 |
Transamerica Capital lagged returns against current returns
Autocorrelation, which is Transamerica Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Capital returns to help us make a trade decision. For example, suppose you find that Transamerica Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Capital Lagged Returns
When evaluating Transamerica Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Capital mutual fund have on its future price. Transamerica Capital 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 Capital autocorrelation shows the relationship between Transamerica Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Capital Growth.
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 Capital 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 Capital security.
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