Cleartrack 2035 Class Fund Market Value
| TCETX Fund | USD 7.73 0.04 0.52% |
| Symbol | Cleartrack |
Cleartrack 2035 '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 2035'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 2035.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cleartrack 2035 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cleartrack 2035 Class or generate 0.0% return on investment in Cleartrack 2035 over 30 days. Cleartrack 2035 is related to or competes with Transamerica Emerging, Transamerica Emerging, Transamerica Emerging, Transamerica Capital, Transamerica Growth, 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 ETFs mana... More
Cleartrack 2035 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 2035'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 2035 Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5609 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.7926 |
Cleartrack 2035 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleartrack 2035's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleartrack 2035's standard deviation. In reality, there are many statistical measures that can use Cleartrack 2035 historical prices to predict the future Cleartrack 2035's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0884 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleartrack 2035'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.
Cleartrack 2035 Class Backtested Returns
At this stage we consider Cleartrack Mutual Fund to be very steady. Cleartrack 2035 Class secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cleartrack 2035 Class, which you can use to evaluate the volatility of the entity. Please confirm Cleartrack 2035's mean deviation of 0.3933, and Risk Adjusted Performance of 0.079 to double-check if the risk estimate we provide is consistent with the expected return of 0.0672%. The fund shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cleartrack 2035's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cleartrack 2035 is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Cleartrack 2035 Class has good predictability. Overlapping area represents the amount of predictability between Cleartrack 2035 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 2035 Class price movement. The serial correlation of 0.73 indicates that around 73.0% of current Cleartrack 2035 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cleartrack 2035 Class lagged returns against current returns
Autocorrelation, which is Cleartrack 2035 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 2035's mutual fund expected returns. We can calculate the autocorrelation of Cleartrack 2035 returns to help us make a trade decision. For example, suppose you find that Cleartrack 2035 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 2035 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 2035 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleartrack 2035 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 2035 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cleartrack 2035 Lagged Returns
When evaluating Cleartrack 2035's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleartrack 2035 mutual fund have on its future price. Cleartrack 2035 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 2035 autocorrelation shows the relationship between Cleartrack 2035 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cleartrack 2035 Class.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cleartrack Mutual Fund
Cleartrack 2035 financial ratios help investors to determine whether Cleartrack Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cleartrack with respect to the benefits of owning Cleartrack 2035 security.
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