Transamerica Cleartrack Retirement Fund Market Value

TCTZX Fund  USD 7.67  0.06  0.78%   
Transamerica Cleartrack's market value is the price at which a share of Transamerica Cleartrack trades on a public exchange. It measures the collective expectations of Transamerica Cleartrack Retirement investors about its performance. Transamerica Cleartrack is trading at 7.67 as of the 16th of April 2024; that is -0.78 percent decrease since the beginning of the trading day. The fund's open price was 7.73.
With this module, you can estimate the performance of a buy and hold strategy of Transamerica Cleartrack Retirement and determine expected loss or profit from investing in Transamerica Cleartrack over a given investment horizon. Check out Transamerica Cleartrack Correlation, Transamerica Cleartrack Volatility and Transamerica Cleartrack Alpha and Beta module to complement your research on Transamerica Cleartrack.
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Please note, there is a significant difference between Transamerica Cleartrack's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transamerica Cleartrack is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transamerica Cleartrack'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.

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.
0.00
04/22/2023
No Change 0.00  0.0 
In 11 months and 26 days
04/16/2024
0.00
If you would invest  0.00  in Transamerica Cleartrack on April 22, 2023 and sell it all today you would earn a total of 0.00 from holding Transamerica Cleartrack Retirement or generate 0.0% return on investment in Transamerica Cleartrack over 360 days. Transamerica Cleartrack is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Capital, Transamerica, 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

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 Retirement upside and downside potential and time the market with a certain degree of confidence.

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.
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.
Hype
Prediction
LowEstimatedHigh
7.297.678.05
Details
Intrinsic
Valuation
LowRealHigh
7.307.688.06
Details
Naive
Forecast
LowNextHigh
7.297.688.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.717.817.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Transamerica Cleartrack. Your research has to be compared to or analyzed against Transamerica Cleartrack's peers to derive any actionable benefits. When done correctly, Transamerica Cleartrack'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 Transamerica Cleartrack.

Transamerica Cleartrack Backtested Returns

We consider Transamerica Cleartrack very steady. Transamerica Cleartrack owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0826, which indicates the fund had a 0.0826% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transamerica Cleartrack Retirement, which you can use to evaluate the volatility of the fund. Please validate Transamerica Cleartrack's Coefficient Of Variation of 1192.51, risk adjusted performance of 0.0464, and Semi Deviation of 0.3455 to confirm if the risk estimate we provide is consistent with the expected return of 0.0326%. The entity has a beta of 0.0079, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transamerica Cleartrack's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transamerica Cleartrack is expected to be smaller as well.

Auto-correlation

    
  0.14  

Insignificant predictability

Transamerica Cleartrack Retirement has insignificant predictability. Overlapping area represents the amount of predictability between Transamerica Cleartrack time series from 22nd of April 2023 to 19th of October 2023 and 19th of October 2023 to 16th 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 Transamerica Cleartrack price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Transamerica Cleartrack price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.08

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 Retirement.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Transamerica Cleartrack in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Transamerica Cleartrack's short interest history, or implied volatility extrapolated from Transamerica Cleartrack options trading.

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Check out Transamerica Cleartrack Correlation, Transamerica Cleartrack Volatility and Transamerica Cleartrack Alpha and Beta module to complement your research on Transamerica Cleartrack.
Note that the Transamerica Cleartrack information on this page should be used as a complementary analysis to other Transamerica Cleartrack's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.
A focus of Transamerica Cleartrack technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Transamerica Cleartrack 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...