Transamerica Asset Correlations

IMOLX Fund

USD 11.56 0.10 0.87%

The current 90-days correlation between Transamerica Asset and Transamerica Emerging Markets is 0.78 (i.e., Poor diversification). The correlation of Transamerica Asset 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Transamerica Asset Correlation With Market

Good diversification

The correlation between Transamerica Asset Allocation and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Asset Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Transamerica Asset Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Transamerica Mutual Fund

0.86	ILLLX	Transamerica Capital	Pair Corr
0.91	TWQAX	Transamerica Large Cap	Pair Corr
0.91	TWQIX	Transamerica Large Cap	Pair Corr
0.76	EMTIX	Transamerica Emerging	Pair Corr
0.93	TFLIX	Transamerica Floating	Pair Corr
0.94	TFLCX	Transamerica Floating	Pair Corr
0.94	IMDRX	Transamerica Asset	Pair Corr
0.86	TFOIX	Transamerica Capital	Pair Corr
0.92	IMGRX	Transamerica Asset	Pair Corr
0.99	IMLLX	Transamerica Asset	Pair Corr
0.93	IMOAX	Transamerica Asset	Pair Corr
0.81	TGWTX	Transamerica Large Growth	Pair Corr
0.87	TIMTX	Transamerica Intermediate	Pair Corr
0.87	TIMUX	Transamerica Intermediate	Pair Corr
0.8	ASGTX	Transamerica Small Cap	Pair Corr
0.9	IAAAX	Transamerica Asset	Pair Corr
0.7	IAADX	Iaadx	Pair Corr
0.88	IAAEX	Transamerica Financial	Pair Corr
0.98	IAALX	Transamerica Asset	Pair Corr
0.95	TLATX	Transamerica Large Core	Pair Corr
0.8	IALAX	Transamerica Capital	Pair Corr
0.9	TLOTX	Transamerica Large Value	Pair Corr
0.91	IBALX	Transamerica Multi-managed	Pair Corr
0.77	TMCLX	Transamerica Mlp Energy	Pair Corr
0.87	TMITX	Transamerica Mid Cap	Pair Corr
0.77	TMLAX	Transamerica Mlp Energy	Pair Corr
0.9	IBLLX	Transamerica Multi-managed	Pair Corr
0.93	TMMIX	Transamerica Asset	Pair Corr
0.94	ICLAX	Transamerica Asset	Pair Corr
0.94	ICLLX	Transamerica Asset	Pair Corr

Moving against Transamerica Mutual Fund

0.35

ITAAX

Transamerica Short Term

Pair Corr

Related Correlations Analysis

	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX
TEOJX		1.0	0.99	0.06	-0.01	0.22	0.22	0.22	0.21	0.8	TEOJX
TEOIX	1.0		0.99	0.06	-0.01	0.22	0.22	0.22	0.21	0.8	TEOIX
TEOOX	0.99	0.99		0.06	-0.01	0.22	0.21	0.22	0.21	0.78	TEOOX
ILLLX	0.06	0.06	0.06		0.94	0.86	0.86	0.86	0.86	0.4	ILLLX
TWMTX	-0.01	-0.01	-0.01	0.94		0.94	0.94	0.94	0.94	0.38	TWMTX
TWQZX	0.22	0.22	0.22	0.86	0.94		1.0	1.0	1.0	0.58	TWQZX
TWQAX	0.22	0.22	0.21	0.86	0.94	1.0		1.0	1.0	0.58	TWQAX
TWQIX	0.22	0.22	0.22	0.86	0.94	1.0	1.0		1.0	0.58	TWQIX
TWQCX	0.21	0.21	0.21	0.86	0.94	1.0	1.0	1.0		0.58	TWQCX
EMTIX	0.8	0.8	0.78	0.4	0.38	0.58	0.58	0.58	0.58		EMTIX
	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TEOIX	+ 1.0	TEOJX
TWQAX	+ 1.0	TWQZX
TWQIX	+ 1.0	TWQZX
TWQCX	+ 1.0	TWQZX
TWQIX	+ 1.0	TWQAX
TWQCX	+ 1.0	TWQAX

High negative correlations

TWMTX	- 0.01	TEOOX
TWMTX	- 0.01	TEOIX
TWMTX	- 0.01	TEOJX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Asset Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Transamerica Asset's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEOJX	1.07	0.06	0.12	(1.36)	1.56	(1.07)	2.14	(2.00)	8.18
TEOIX	1.08	0.07	0.12	(1.48)	1.57	(1.07)	2.14	(1.99)	8.05
TEOOX	1.04	0.07	0.12	(4.81)	1.49	(1.09)	2.13	(1.98)	8.49
ILLLX	2.23	(0.23)	0.00	2.10	0.00	0.00	3.82	(5.58)	18.73
TWMTX	1.62	(0.03)	0.00	(0.16)	0.00	0.00	2.49	(3.29)	15.32
TWQZX	0.95	0.00	0.00	(0.13)	0.00	0.00	1.61	(2.07)	10.40
TWQAX	0.95	0.00	0.00	(0.14)	0.00	0.00	1.57	(2.09)	10.40
TWQIX	0.95	0.00	0.00	(0.13)	0.00	0.00	1.63	(2.06)	10.49
TWQCX	0.95	0.00	0.00	(0.14)	0.00	0.00	1.64	(2.10)	10.42
EMTIX	0.27	0.00	0.27	(0.55)	0.41	(0.32)	0.55	(0.55)	2.34

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