Transamerica Cleartrack 2040 Fund Price on March 11, 2024
| TCTQX Fund | USD 6.91 0.04 0.58% |
Below is the normalized historical share price chart for Transamerica Cleartrack 2040 extending back to March 01, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Transamerica Cleartrack stands at 6.91, as last reported on the 15th of May 2024, with the highest price reaching 6.91 and the lowest price hitting 6.91 during the day.
If you're considering investing in Transamerica Mutual Fund, it is important to understand the factors that can impact its price. We consider Transamerica Cleartrack very steady. Transamerica Cleartrack owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0859, which indicates the fund had a 0.0859% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Cleartrack 2040, which you can use to evaluate the volatility of the fund. Please validate Transamerica Cleartrack's Semi Deviation of 0.5229, coefficient of variation of 950.68, and Risk Adjusted Performance of 0.0651 to confirm if the risk estimate we provide is consistent with the expected return of 0.0498%.
Transamerica Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Transamerica |
Sharpe Ratio = 0.0859
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| Negative Returns | TCTQX |
Estimated Market Risk
| 0.58 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Transamerica Cleartrack is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Transamerica Cleartrack by adding it to a well-diversified portfolio.
Transamerica Cleartrack Valuation on March 11, 2024
It is possible to determine the worth of Transamerica Cleartrack on a given historical date. On March 11, 2024 Transamerica was worth 6.84 at the beginning of the trading date compared to the closed value of 6.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Transamerica Cleartrack mutual fund. Still, in general, we apply an absolute valuation method to find Transamerica Cleartrack's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Transamerica Cleartrack where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Transamerica Cleartrack's related companies.
| Open | High | Low | Close | Volume | |
| 6.85 | 6.85 | 6.85 | 6.85 | 1.00 | |
03/11/2024 | 6.84 | 6.84 | 6.84 | 6.84 | 1.00 |
| 6.88 | 6.88 | 6.88 | 6.88 | 1.00 |
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Transamerica Cleartrack Trading Date Momentum on March 11, 2024
| On March 12 2024 Transamerica Cleartrack 2040 was traded for 6.88 at the closing time. The highest daily price throughout the period was 6.88 and the lowest price was 6.88 . There was no trading activity during the period 1.0. Lack of trading volume on 03/12/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.58% . The trading price change to current closing price is 1.46% . |
Transamerica Cleartrack Fundamentals Correlations and Trends
By evaluating Transamerica Cleartrack's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Transamerica Cleartrack's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Transamerica financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Transamerica Cleartrack Mutual Fund history
Transamerica Cleartrack investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Transamerica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Transamerica Cleartrack will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Transamerica Cleartrack stock prices may prove useful in developing a viable investing in Transamerica Cleartrack
The fund is a fund of funds it invests in a combination of actively managed Transamerica funds and index-based ETFs managed by unaffiliated investment advisers. The fund seeks to achieve its objectives by investing normally in a combination of underlying funds and ETFs representing a variety of broad asset classes including fixed income, domestic equity, foreign equity, and real estate and investment styles and focuses. The fund is designed for investors expecting to retire around 2040.
Transamerica Cleartrack Mutual Fund Technical Analysis
Transamerica Cleartrack technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Transamerica Cleartrack Period Price Range
Low | March 11, 2024
| High |
6.84 | 6.84 |
Transamerica Cleartrack May 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Transamerica Cleartrack mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Transamerica Cleartrack shares will generate the highest return on investment. By undertsting and applying Transamerica Cleartrack mutual fund market strength indicators, traders can identify Transamerica Cleartrack 2040 entry and exit signals to maximize returns
Transamerica Cleartrack Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Transamerica Cleartrack's price direction in advance. Along with the technical and fundamental analysis of Transamerica Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Transamerica to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.0716 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.23) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Cleartrack 2040. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.