Cleartrack 2020 Class Fund Market Value

TCSUX Fund  USD 7.81  0.01  0.13%   
Cleartrack 2020's market value is the price at which a share of Cleartrack 2020 trades on a public exchange. It measures the collective expectations of Cleartrack 2020 Class investors about its performance. Cleartrack 2020 is trading at 7.81 as of the 29th of March 2024; that is 0.13% increase since the beginning of the trading day. The fund's open price was 7.8.
With this module, you can estimate the performance of a buy and hold strategy of Cleartrack 2020 Class and determine expected loss or profit from investing in Cleartrack 2020 over a given investment horizon. Check out Cleartrack 2020 Correlation, Cleartrack 2020 Volatility and Cleartrack 2020 Alpha and Beta module to complement your research on Cleartrack 2020.
Symbol

Please note, there is a significant difference between Cleartrack 2020's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleartrack 2020 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleartrack 2020's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cleartrack 2020 '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 2020'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 2020.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Cleartrack 2020 on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Cleartrack 2020 Class or generate 0.0% return on investment in Cleartrack 2020 over 360 days. Cleartrack 2020 is related to or competes with Fidelity Freedom, Ips Strategic, Barloworld, Morningstar Unconstrained, SPACE, Via Renewables, and Bondbloxx ETF. The fund is a fund of funds it invests in a combination of actively managed Transamerica funds and index-based exchange-... More

Cleartrack 2020 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 2020'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 2020 Class upside and downside potential and time the market with a certain degree of confidence.

Cleartrack 2020 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleartrack 2020's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleartrack 2020's standard deviation. In reality, there are many statistical measures that can use Cleartrack 2020 historical prices to predict the future Cleartrack 2020's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleartrack 2020'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.
Hype
Prediction
LowEstimatedHigh
7.457.818.17
Details
Intrinsic
Valuation
LowRealHigh
7.137.497.85
Details
Naive
Forecast
LowNextHigh
7.457.818.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.637.737.83
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cleartrack 2020. Your research has to be compared to or analyzed against Cleartrack 2020's peers to derive any actionable benefits. When done correctly, Cleartrack 2020's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cleartrack 2020 Class.

Cleartrack 2020 Class Backtested Returns

We consider Cleartrack 2020 very steady. Cleartrack 2020 Class secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Cleartrack 2020 Class, which you can use to evaluate the volatility of the entity. Please confirm Cleartrack 2020's mean deviation of 0.2874, and Risk Adjusted Performance of 0.0862 to double-check if the risk estimate we provide is consistent with the expected return of 0.0638%. The fund shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cleartrack 2020's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cleartrack 2020 is expected to be smaller as well.

Auto-correlation

    
  0.46  

Average predictability

Cleartrack 2020 Class has average predictability. Overlapping area represents the amount of predictability between Cleartrack 2020 time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 2020 Class price movement. The serial correlation of 0.46 indicates that about 46.0% of current Cleartrack 2020 price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.48
Residual Average0.0
Price Variance0.09

Cleartrack 2020 Class lagged returns against current returns

Autocorrelation, which is Cleartrack 2020 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 2020's mutual fund expected returns. We can calculate the autocorrelation of Cleartrack 2020 returns to help us make a trade decision. For example, suppose you find that Cleartrack 2020 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 2020 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 2020 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleartrack 2020 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 2020 mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Cleartrack 2020 Lagged Returns

When evaluating Cleartrack 2020's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleartrack 2020 mutual fund have on its future price. Cleartrack 2020 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 2020 autocorrelation shows the relationship between Cleartrack 2020 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cleartrack 2020 Class.
   Regressed Prices   
       Timeline  

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When running Cleartrack 2020's price analysis, check to measure Cleartrack 2020's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleartrack 2020 is operating at the current time. Most of Cleartrack 2020's value examination focuses on studying past and present price action to predict the probability of Cleartrack 2020's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleartrack 2020's price. Additionally, you may evaluate how the addition of Cleartrack 2020 to your portfolios can decrease your overall portfolio volatility.
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Cleartrack 2020 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.
A focus of Cleartrack 2020 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cleartrack 2020 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...