Cleartrack Ret Income Fund Market Value
| TCJTX Fund | USD 7.84 0.05 0.64% |
| Symbol | ClearTrack |
Cleartrack Ret '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 Cleartrack Ret'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 Cleartrack Ret.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cleartrack Ret on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cleartrack Ret Income or generate 0.0% return on investment in Cleartrack Ret over 30 days. Cleartrack Ret is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Capital, Transamerica Growth, Transamerica Large, and Transamerica Large. The fund is a fund of funds it invests in a combination of actively managed Transamerica funds and index-based exchange-... More
Cleartrack Ret 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 Cleartrack Ret'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 Cleartrack Ret Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4365 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.8 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.6353 |
Cleartrack Ret Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleartrack Ret's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleartrack Ret's standard deviation. In reality, there are many statistical measures that can use Cleartrack Ret historical prices to predict the future Cleartrack Ret's volatility.| Risk Adjusted Performance | 0.0304 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0228 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleartrack Ret'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.
Cleartrack Ret Me Backtested Returns
We consider Cleartrack Ret very steady. Cleartrack Ret Me secures Sharpe Ratio (or Efficiency) of 0.0559, which signifies that the fund had a 0.0559% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Cleartrack Ret Income, which you can use to evaluate the volatility of the entity. Please confirm Cleartrack Ret's mean deviation of 0.2808, and Risk Adjusted Performance of 0.0304 to double-check if the risk estimate we provide is consistent with the expected return of 0.0214%. The fund shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cleartrack Ret's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cleartrack Ret is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Cleartrack Ret Income has good predictability. Overlapping area represents the amount of predictability between Cleartrack Ret time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Cleartrack Ret Me price movement. The serial correlation of 0.69 indicates that around 69.0% of current Cleartrack Ret price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cleartrack Ret Me lagged returns against current returns
Autocorrelation, which is Cleartrack Ret 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 Cleartrack Ret's mutual fund expected returns. We can calculate the autocorrelation of Cleartrack Ret returns to help us make a trade decision. For example, suppose you find that Cleartrack Ret 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 |
Cleartrack Ret 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 Cleartrack Ret mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleartrack Ret mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleartrack Ret mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cleartrack Ret Lagged Returns
When evaluating Cleartrack Ret's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleartrack Ret mutual fund have on its future price. Cleartrack Ret 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, Cleartrack Ret autocorrelation shows the relationship between Cleartrack Ret mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cleartrack Ret Income.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Cleartrack Ret Correlation, Cleartrack Ret Volatility and Cleartrack Ret Alpha and Beta module to complement your research on Cleartrack Ret. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Cleartrack Ret 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.