Transamerica International Equity Fund Market Value
| TRWCX Fund | USD 20.37 0.06 0.29% |
| Symbol | Transamerica |
Transamerica International '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 International'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 International.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Transamerica International on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Transamerica International Equity or generate 0.0% return on investment in Transamerica International over 330 days. Transamerica International is related to or competes with Ashmore Emerging. The fund invests at least 80 percent of its net assets in equity securities of foreign companies representing at least t... More
Transamerica International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.69 |
Transamerica International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica International's standard deviation. In reality, there are many statistical measures that can use Transamerica International historical prices to predict the future Transamerica International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica International'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 International Backtested Returns
Transamerica International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0989, which indicates the fund had a -0.0989% return per unit of risk over the last 3 months. Transamerica International Equity exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transamerica International's Variance of 0.7968, coefficient of variation of (1,484), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transamerica International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica International is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
Transamerica International Equity has insignificant predictability. Overlapping area represents the amount of predictability between Transamerica International time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 International price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Transamerica International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Transamerica International lagged returns against current returns
Autocorrelation, which is Transamerica International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Transamerica International returns to help us make a trade decision. For example, suppose you find that Transamerica International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transamerica International Lagged Returns
When evaluating Transamerica International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica International mutual fund have on its future price. Transamerica International 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 International autocorrelation shows the relationship between Transamerica International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica International Equity.
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 International 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 International security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |