Cleartrack 2050 Class Fund Market Value
| TRNTX Fund | USD 7.11 0.04 0.57% |
| Symbol | Cleartrack |
Cleartrack 2050 '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 2050'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 2050.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Cleartrack 2050 on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cleartrack 2050 Class or generate 0.0% return on investment in Cleartrack 2050 over 60 days. Cleartrack 2050 is related to or competes with Artisan Select, Balanced Fund, Rbc Global, Cutler Equity, Us Vector, Rbc Ultra-short, and Doubleline Core. The fund is a fund of funds it invests in a combination of actively managed Transamerica funds and index-based ETFs mana... More
Cleartrack 2050 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 2050'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 2050 Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7127 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.9 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.9009 |
Cleartrack 2050 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleartrack 2050's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleartrack 2050's standard deviation. In reality, there are many statistical measures that can use Cleartrack 2050 historical prices to predict the future Cleartrack 2050's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0661 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleartrack 2050'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 2050 Class Backtested Returns
At this stage we consider Cleartrack Mutual Fund to be very steady. Cleartrack 2050 Class secures Sharpe Ratio (or Efficiency) of 0.0866, which signifies that the fund had a 0.0866% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cleartrack 2050 Class, which you can use to evaluate the volatility of the entity. Please confirm Cleartrack 2050's risk adjusted performance of 0.0629, and Mean Deviation of 0.4881 to double-check if the risk estimate we provide is consistent with the expected return of 0.0557%. The fund shows a Beta (market volatility) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cleartrack 2050's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cleartrack 2050 is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Cleartrack 2050 Class has poor predictability. Overlapping area represents the amount of predictability between Cleartrack 2050 time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 2050 Class price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Cleartrack 2050 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cleartrack 2050 Class lagged returns against current returns
Autocorrelation, which is Cleartrack 2050 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 2050's mutual fund expected returns. We can calculate the autocorrelation of Cleartrack 2050 returns to help us make a trade decision. For example, suppose you find that Cleartrack 2050 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 2050 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 2050 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleartrack 2050 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 2050 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cleartrack 2050 Lagged Returns
When evaluating Cleartrack 2050's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleartrack 2050 mutual fund have on its future price. Cleartrack 2050 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 2050 autocorrelation shows the relationship between Cleartrack 2050 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cleartrack 2050 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 2050 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 2050 security.
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