Transamerica High Yield Fund Market Value
| THCYX Fund | USD 10.78 0.03 0.28% |
| Symbol | Transamerica |
Transamerica High '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 High'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 High.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Transamerica High on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica High Yield or generate 0.0% return on investment in Transamerica High over 180 days. Transamerica High is related to or competes with Prudential Health, Alger Health, Lord Abbett, Blackrock Health, Baron Health, and Tekla Healthcare. The fund invests at least 80 percent of its net assets in municipal fixed-income securities the interest from which is e... More
Transamerica High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4555 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.3745 |
Transamerica High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica High's standard deviation. In reality, there are many statistical measures that can use Transamerica High historical prices to predict the future Transamerica High's volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.0322 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica High'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 High Yield Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0951, which indicates the fund had a 0.0951% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transamerica High Yield, which you can use to evaluate the volatility of the fund. Please validate Transamerica High's Risk Adjusted Performance of 0.0555, coefficient of variation of 1071.78, and Semi Deviation of 0.2862 to confirm if the risk estimate we provide is consistent with the expected return of 0.0287%. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica High are expected to decrease at a much lower rate. During the bear market, Transamerica High is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Transamerica High Yield has insignificant reverse predictability. Overlapping area represents the amount of predictability between Transamerica High time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 High Yield price movement. The serial correlation of -0.2 indicates that over 20.0% of current Transamerica High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transamerica High Yield lagged returns against current returns
Autocorrelation, which is Transamerica High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Transamerica High returns to help us make a trade decision. For example, suppose you find that Transamerica High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica High Lagged Returns
When evaluating Transamerica High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica High mutual fund have on its future price. Transamerica High 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 High autocorrelation shows the relationship between Transamerica High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica High Yield.
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 High 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 High security.
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