Cleartrack 2040 Class Fund Market Value
| TCKTX Fund | USD 6.94 0.01 0.14% |
| Symbol | Cleartrack |
Cleartrack 2040 '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 2040'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 2040.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Cleartrack 2040 on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Cleartrack 2040 Class or generate 0.0% return on investment in Cleartrack 2040 over 30 days. Cleartrack 2040 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 ETFs mana... More
Cleartrack 2040 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 2040'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 2040 Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6439 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.47 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.8942 |
Cleartrack 2040 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleartrack 2040's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleartrack 2040's standard deviation. In reality, there are many statistical measures that can use Cleartrack 2040 historical prices to predict the future Cleartrack 2040's volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0464 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleartrack 2040'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 2040 Class Backtested Returns
We consider Cleartrack 2040 very steady. Cleartrack 2040 Class secures Sharpe Ratio (or Efficiency) of 0.0647, which signifies that the fund had a 0.0647% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cleartrack 2040 Class, which you can use to evaluate the volatility of the entity. Please confirm Cleartrack 2040's mean deviation of 0.4481, and Risk Adjusted Performance of 0.0538 to double-check if the risk estimate we provide is consistent with the expected return of 0.0362%. The fund shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Cleartrack 2040 returns are very sensitive to returns on the market. As the market goes up or down, Cleartrack 2040 is expected to follow.
Auto-correlation | 0.44 |
Average predictability
Cleartrack 2040 Class has average predictability. Overlapping area represents the amount of predictability between Cleartrack 2040 time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 2040 Class price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Cleartrack 2040 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cleartrack 2040 Class lagged returns against current returns
Autocorrelation, which is Cleartrack 2040 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 2040's mutual fund expected returns. We can calculate the autocorrelation of Cleartrack 2040 returns to help us make a trade decision. For example, suppose you find that Cleartrack 2040 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 2040 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 2040 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleartrack 2040 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 2040 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cleartrack 2040 Lagged Returns
When evaluating Cleartrack 2040's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleartrack 2040 mutual fund have on its future price. Cleartrack 2040 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 2040 autocorrelation shows the relationship between Cleartrack 2040 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cleartrack 2040 Class.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Cleartrack 2040 Correlation, Cleartrack 2040 Volatility and Cleartrack 2040 Alpha and Beta module to complement your research on Cleartrack 2040. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Cleartrack 2040 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.