Transamerica Intermediate Bond Fund Market Value
| TMBTX Fund | USD 8.63 0.03 0.35% |
| Symbol | Transamerica |
Transamerica Intermediate '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 Intermediate'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 Intermediate.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Transamerica Intermediate on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Transamerica Intermediate Bond or generate 0.0% return on investment in Transamerica Intermediate over 540 days. Transamerica Intermediate is related to or competes with The Gabelli, Small Cap, Jpmorgan Equity, Rbc Global, Ultra-short Fixed, Sarofim Equity, and Scharf Fund. The fund normally invests primarily in investment grade debt securities, which may include investment grade corporate se... More
Transamerica Intermediate 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 Intermediate'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 Intermediate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.14 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.4587 |
Transamerica Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Intermediate's standard deviation. In reality, there are many statistical measures that can use Transamerica Intermediate historical prices to predict the future Transamerica Intermediate's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.4099 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Intermediate'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 Intermediate Backtested Returns
Transamerica Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0559, which indicates the fund had a -0.0559% return per unit of risk over the last 3 months. Transamerica Intermediate Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transamerica Intermediate's Risk Adjusted Performance of (0.05), variance of 0.0801, and Coefficient Of Variation of (2,389) to confirm the risk estimate we provide. The entity has a beta of -0.0533, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transamerica Intermediate are expected to decrease at a much lower rate. During the bear market, Transamerica Intermediate is likely to outperform the market.
Auto-correlation | 0.46 |
Average predictability
Transamerica Intermediate Bond has average predictability. Overlapping area represents the amount of predictability between Transamerica Intermediate time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Intermediate price movement. The serial correlation of 0.46 indicates that about 46.0% of current Transamerica Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Transamerica Intermediate lagged returns against current returns
Autocorrelation, which is Transamerica Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Intermediate returns to help us make a trade decision. For example, suppose you find that Transamerica Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica Intermediate Lagged Returns
When evaluating Transamerica Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Intermediate mutual fund have on its future price. Transamerica Intermediate 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 Intermediate autocorrelation shows the relationship between Transamerica Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Intermediate Bond.
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 Intermediate 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 Intermediate security.
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