Transamerica Cleartrack Retirement Fund Market Value
| TCTZX Fund | USD 8.30 0.02 0.24% |
| 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.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Transamerica Cleartrack on January 6, 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 690 days. Transamerica Cleartrack 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 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.
| Downside Deviation | 0.3669 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.47 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.6046 |
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 | 0.0479 | |||
| Jensen Alpha | 0.012 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.4456 |
Transamerica Cleartrack Backtested Returns
At this stage we consider Transamerica Mutual Fund to be very steady. Transamerica Cleartrack owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0623, which indicates the fund had a 0.0623% 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 1248.59, risk adjusted performance of 0.0479, and Semi Deviation of 0.2776 to confirm if the risk estimate we provide is consistent with the expected return of 0.0197%. The entity has a beta of 0.0366, 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 | 0.23 |
Weak predictability
Transamerica Cleartrack Retirement has weak predictability. Overlapping area represents the amount of predictability between Transamerica Cleartrack time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Transamerica Cleartrack price movement. The serial correlation of 0.23 indicates that over 23.0% of current Transamerica Cleartrack price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
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 |
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 Transamerica Mutual Fund
Transamerica Cleartrack financial ratios help investors to determine whether Transamerica 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 Transamerica with respect to the benefits of owning Transamerica Cleartrack security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |