Transamerica Cleartrack 2060 Fund Technical Analysis
| TCTYX Fund | USD 10.13 0.12 1.20% |
As of the 4th of May, Transamerica Cleartrack has the Risk Adjusted Performance of 0.0498, coefficient of variation of 1309.56, and Semi Deviation of 0.6199. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Transamerica Cleartrack, as well as the relationship between them. In other words, you can use this information to find out if the fund will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Transamerica Cleartrack 2060, which can be compared to its competition. Please validate Transamerica Cleartrack coefficient of variation and the relationship between the information ratio and downside variancecoefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Transamerica Cleartrack is priced more or less accurately, providing market reflects its prevalent price of 10.13 per share.
Transamerica Cleartrack Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Transamerica, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TransamericaTransamerica |
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.
Transamerica Cleartrack Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Transamerica Cleartrack volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Transamerica Cleartrack Trend Analysis
Use this graph to draw trend lines for Transamerica Cleartrack 2060. You can use it to identify possible trend reversals for Transamerica Cleartrack as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Transamerica Cleartrack price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Transamerica Cleartrack Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Transamerica Cleartrack 2060 applied against its price change over selected period. The best fit line has a slop of 0 , which means Transamerica Cleartrack 2060 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.22, which is the sum of squared deviations for the predicted Transamerica Cleartrack price change compared to its average price change.About Transamerica Cleartrack Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Transamerica Cleartrack 2060 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Transamerica Cleartrack 2060 based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Transamerica Cleartrack price pattern first instead of the macroeconomic environment surrounding Transamerica Cleartrack. By analyzing Transamerica Cleartrack's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Transamerica Cleartrack's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Transamerica Cleartrack specific price patterns or momentum indicators. Please read more on our technical analysis page.
Transamerica Cleartrack May 4, 2024 Technical Indicators
Most technical analysis of Transamerica help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Transamerica from various momentum indicators to cycle indicators. When you analyze Transamerica charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0498 | |||
| Market Risk Adjusted Performance | 0.0523 | |||
| Mean Deviation | 0.5469 | |||
| Semi Deviation | 0.6199 | |||
| Downside Deviation | 0.746 | |||
| Coefficient Of Variation | 1309.56 | |||
| Standard Deviation | 0.6878 | |||
| Variance | 0.4731 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0423 | |||
| Maximum Drawdown | 2.98 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.12 | |||
| Downside Variance | 0.5565 | |||
| Semi Variance | 0.3843 | |||
| Expected Short fall | (0.62) | |||
| Skewness | (0.24) | |||
| Kurtosis | (0.23) |
Transamerica Cleartrack One Year Return
Based on the recorded statements, Transamerica Cleartrack 2060 has an One Year Return of 17.6995%. This is 81.72% higher than that of the Transamerica family and significantly higher than that of the Target-Date 2060+ category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Cleartrack 2060. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.