Transamerica Cleartrack 2040 Fund Market Value
TCTQX Fund | USD 6.96 0.05 0.72% |
Symbol | Transamerica |
Transamerica Cleartrack '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 Transamerica Cleartrack'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 Transamerica Cleartrack.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Transamerica Cleartrack on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Transamerica Cleartrack 2040 or generate 0.0% return on investment in Transamerica Cleartrack over 30 days. Transamerica Cleartrack is related to or competes with Scharf Fund, Ab Equity, Gmo Global, Crossmark Steward, Sarofim Equity, and Jpmorgan Disciplined. The investment seeks the highest total return over time consistent with its asset mix More
Transamerica Cleartrack 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 Transamerica Cleartrack'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 Transamerica Cleartrack 2040 upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5827 | |||
Information Ratio | (0.06) | |||
Maximum Drawdown | 2.59 | |||
Value At Risk | (0.77) | |||
Potential Upside | 1.06 |
Transamerica Cleartrack Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transamerica Cleartrack's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transamerica Cleartrack's standard deviation. In reality, there are many statistical measures that can use Transamerica Cleartrack historical prices to predict the future Transamerica Cleartrack's volatility.Risk Adjusted Performance | 0.0992 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | 0.0993 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transamerica Cleartrack'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.
Transamerica Cleartrack Backtested Returns
We consider Transamerica Cleartrack out of control. Transamerica Cleartrack owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight 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 0.3933, risk adjusted performance of 0.0992, and Coefficient Of Variation of 560.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Transamerica Cleartrack returns are very sensitive to returns on the market. As the market goes up or down, Transamerica Cleartrack is expected to follow.
Auto-correlation | 0.73 |
Good predictability
Transamerica Cleartrack 2040 has good predictability. Overlapping area represents the amount of predictability between Transamerica Cleartrack time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 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 Transamerica Cleartrack price movement. The serial correlation of 0.73 indicates that around 73.0% of current Transamerica Cleartrack price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.73 | |
Spearman Rank Test | 0.86 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Transamerica Cleartrack lagged returns against current returns
Autocorrelation, which is Transamerica Cleartrack 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 Transamerica Cleartrack's mutual fund expected returns. We can calculate the autocorrelation of Transamerica Cleartrack returns to help us make a trade decision. For example, suppose you find that Transamerica Cleartrack 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 |
Transamerica Cleartrack 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 Transamerica Cleartrack mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transamerica Cleartrack mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transamerica Cleartrack mutual fund over time.
Current vs Lagged Prices |
Timeline |
Transamerica Cleartrack Lagged Returns
When evaluating Transamerica Cleartrack's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transamerica Cleartrack mutual fund have on its future price. Transamerica Cleartrack 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, Transamerica Cleartrack autocorrelation shows the relationship between Transamerica Cleartrack mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transamerica Cleartrack 2040.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Transamerica Cleartrack Correlation, Transamerica Cleartrack Volatility and Transamerica Cleartrack Alpha and Beta module to complement your research on Transamerica Cleartrack. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Transamerica Mutual Fund analysis
When running Transamerica Cleartrack's price analysis, check to measure Transamerica Cleartrack'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 Transamerica Cleartrack is operating at the current time. Most of Transamerica Cleartrack's value examination focuses on studying past and present price action to predict the probability of Transamerica Cleartrack's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transamerica Cleartrack's price. Additionally, you may evaluate how the addition of Transamerica Cleartrack to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |
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.