Transamerica Cleartrack Net Asset vs. Year To Date Return
| TCTQX Fund | USD 6.96 0.04 0.58% |
For Transamerica Cleartrack profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Transamerica Cleartrack to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Transamerica Cleartrack 2040 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Transamerica Cleartrack's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Transamerica Cleartrack 2040 over time as well as its relative position and ranking within its peers.
Transamerica |
Transamerica Cleartrack Year To Date Return vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Transamerica Cleartrack's current stock value. Our valuation model uses many indicators to compare Transamerica Cleartrack value to that of its competitors to determine the firm's financial worth. Transamerica Cleartrack 2040 is rated fifth largest fund in net asset among similar funds. It is rated fifth largest fund in year to date return among similar funds . The ratio of Net Asset to Year To Date Return for Transamerica Cleartrack 2040 is about 6,888,540 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Transamerica Cleartrack by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Transamerica Cleartrack's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Transamerica Cleartrack's earnings, one of the primary drivers of an investment's value.Transamerica Year To Date Return vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Transamerica Cleartrack |
| = | 43.12 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Transamerica Cleartrack |
| = | 6.26 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Transamerica Year To Date Return Comparison
Transamerica Cleartrack is currently under evaluation in year to date return among similar funds.
Transamerica Cleartrack Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Transamerica Cleartrack, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Transamerica Cleartrack will eventually generate negative long term returns. The profitability progress is the general direction of Transamerica Cleartrack's change in net profit over the period of time. It can combine multiple indicators of Transamerica Cleartrack, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund is a fund of funds it invests in a combination of actively managed Transamerica funds and index-based ETFs managed by unaffiliated investment advisers. The fund seeks to achieve its objectives by investing normally in a combination of underlying funds and ETFs representing a variety of broad asset classes including fixed income, domestic equity, foreign equity, and real estate and investment styles and focuses. The fund is designed for investors expecting to retire around 2040.
Transamerica Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Transamerica Cleartrack. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Transamerica Cleartrack position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Transamerica Cleartrack's important profitability drivers and their relationship over time.
Use Transamerica Cleartrack in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Transamerica Cleartrack position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Transamerica Cleartrack will appreciate offsetting losses from the drop in the long position's value.Transamerica Cleartrack Pair Trading
Transamerica Cleartrack 2040 Pair Trading Analysis
The ability to find closely correlated positions to Transamerica Cleartrack could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transamerica Cleartrack when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Transamerica Cleartrack - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Transamerica Cleartrack 2040 to buy it.
The correlation of Transamerica Cleartrack is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Transamerica Cleartrack moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transamerica Cleartrack moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Transamerica Cleartrack can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Transamerica Cleartrack position
In addition to having Transamerica Cleartrack in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Macroaxis Index Thematic Idea Now
Macroaxis Index
An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system. The Macroaxis Index theme has 52 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Macroaxis Index Theme or any other thematic opportunities.
| View All Next | Launch |
Check out World Market Map. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
To fully project Transamerica Cleartrack's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Transamerica Cleartrack at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Transamerica Cleartrack's income statement, its balance sheet, and the statement of cash flows.