I've never found a use for such a poorly parameterised transistor tester.
I always thought they were a go/no go check that the transistor works (or not) rather than determining characteristics of it.
They don't really work as go/no-go though because if there's a CE short (at least on the meters I have used) it will show as having a very high gain, 500+, which is in the 'plausible' range for some types of devices. And CE short is probably one of the more common failure modes for BJTs.
If it pulsed the base it could determine whether the transistor had any shorted junctions, but it doesn't do that. So the utility is very limited IMO -- at best it's a "toy" feature to learn a bit about transistors.
Who really needs a dedicated transistor test socket on a multimeter?
They were a gimmick on the last few generations of analog meters, & remain a gimmick on DMMs.
It is easy enough to test transistors to determine the correct pin configuration & to do "go or no go" tests with the DMM on
"diode test", & using the test leads.
(1) Find the base by testing between the pins until you find a pin that tests as a diode to both of the other pins.
You now also know there are no shorted or open circuit junctions, & whether the device is NPN or PNP.
(2) For simplicity let's assume it is NPN.
Now, placing the +ve & -ve DMM leads on the two unknown pins, moisten your finger & place it between the "+ve" pin & the base.
As BJTs do to some extent work "backwards" even if the +ve pin is the emitter, the DMM will show a reading---record this.
Reverse the +ve & -ve connections & again moisten your finger & place it between base & the "+ve pin".
If this is a higher reading, that pin is the collector, if lower, it is the emitter.
(All polarities should be reversed for PNP).
Of course, such a test is not very repeatable, as a calibrated "spitty finger" is a bit hard to come by, so you can mount a bunch of sockets of various types & have a resistor of several k
connected between various configurations of base & collector via a pushbutton switch.
I always found it easier to tack something together "on the day" or just go with the "spitty finger", although I do have one properly made up for TO3 packages from when I had to match some devices in that package.
I know this is a bit elementary, but I thought giving "chapter & verse" would make things clearer for any "noobs" who may be reading it.