Transamerica Asset Correlations

Mutual Funds . USA . 
Fund . Transamerica Asset Allocation
IMOLX Fund  USD 12.19  0.05  0.41%   
The current 90-days correlation between Transamerica Asset and Transamerica Emerging Markets is 0.8 (i.e., Very 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

Almost no diversification

The correlation between Transamerica Asset Allocation and DJI is 0.94 (i.e., Almost no 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

  0.75TEOJX Transamerica EmergingPairCorr
  0.75TEOIX Transamerica EmergingPairCorr
  0.73TEOOX Transamerica EmergingPairCorr
  0.86ILLLX Transamerica CapitalPairCorr
  0.93TWMTX Transamerica GrowthPairCorr
  0.97TWQZX Transamerica Large CapPairCorr
  0.97TWQAX Transamerica Large CapPairCorr
  0.97TWQIX Transamerica Large CapPairCorr
  0.96TWQCX Transamerica Large CapPairCorr
  0.84EMTIX Transamerica EmergingPairCorr
  0.85EMTCX Transamerica EmergingPairCorr
  0.85EMTAX Transamerica EmergingPairCorr
  0.91TFLAX Transamerica FloatingPairCorr
  0.9TFLIX Transamerica FloatingPairCorr
  0.93TFLCX Transamerica FloatingPairCorr
  1.0IMDRX Transamerica AssetPairCorr
  0.9IMCGX Transamerica Mid CapPairCorr
  0.86TFOIX Transamerica CapitalPairCorr
  1.0IMGRX Transamerica AssetPairCorr
  1.0IMLAX Transamerica AssetPairCorr
  1.0IMLLX Transamerica AssetPairCorr
  1.0IMOAX Transamerica AssetPairCorr
  0.95INCLX Transamerica High YieldPairCorr
  0.85TGRHX Transamerica InternationalPairCorr
  0.85TGRFX Transamerica InternationalPairCorr
  0.85TGRGX Transamerica InternationalPairCorr
  0.89TGWFX Transamerica Large GrowthPairCorr
  0.89TGWTX Transamerica Large GrowthPairCorr
  0.89TGWRX Transamerica Large GrowthPairCorr
  0.61TIHIX Transamerica InternationalPairCorr
  0.61TIHBX Transamerica InternationalPairCorr
  0.61TIHJX Transamerica InternationalPairCorr
  0.62TIHAX Transamerica InternationalPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEOJX  1.01  0.17  0.11  0.22  1.44 
(1.02)
 2.39 
(2.00)
 8.18 
TEOIX  1.01  0.17  0.11  0.22  1.47 
(1.02)
 2.51 
(1.99)
 8.05 
TEOOX  0.97  0.16  0.10  0.22  1.37 
(1.05)
 2.38 
(1.98)
 8.49 
ILLLX  2.42  0.09  0.01  0.00  3.70 
(2.28)
 3.86 
(4.81)
 18.73 
TWMTX  1.63  0.05  0.00 (0.02) 0.00 
 0.00 
 2.77 
(3.06)
 15.32 
TWQZX  1.02  0.04  0.00 (0.02) 0.00 
 0.00 
 1.83 
(2.07)
 10.40 
TWQAX  1.02  0.04  0.00 (0.02) 0.00 
 0.00 
 1.84 
(2.09)
 10.40 
TWQIX  1.02  0.04  0.00 (0.01) 0.00 
 0.00 
 1.89 
(2.06)
 10.49 
TWQCX  1.02  0.03  0.00 (0.02) 0.00 
 0.00 
 1.79 
(2.10)
 10.42 
EMTIX  0.26  0.01  0.11 (1.33) 0.41 
(0.31)
 0.55 
(0.55)
 2.34 

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