Transamerica Emerging Correlations
| TEOJX Fund | USD 8.01 0.02 0.25% |
The current 90-days correlation between Transamerica Emerging and Guggenheim High Yield is 0.11 (i.e., Average diversification). The correlation of Transamerica Emerging 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 Emerging Correlation With Market
Modest diversification
The correlation between Transamerica Emerging Markets and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Transamerica |
Moving together with Transamerica Mutual Fund
| 1.0 | TEOIX | Transamerica Emerging | PairCorr |
| 1.0 | TEOOX | Transamerica Emerging | PairCorr |
| 0.61 | EMTIX | Transamerica Emerging | PairCorr |
Related Correlations Analysis
| 0.93 | 0.83 | 0.92 | 0.95 | SIHSX | ||
| 0.93 | 0.91 | 0.97 | 0.91 | LHYOX | ||
| 0.83 | 0.91 | 0.93 | 0.84 | MRHYX | ||
| 0.92 | 0.97 | 0.93 | 0.92 | PKHIX | ||
| 0.95 | 0.91 | 0.84 | 0.92 | CYBAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Transamerica Mutual Fund performing well and Transamerica Emerging 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 Emerging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIHSX | 0.11 | 0.01 | (0.90) | 0.44 | 0.00 | 0.30 | 0.70 | |||
| LHYOX | 0.13 | 0.02 | (0.50) | 0.52 | 0.00 | 0.31 | 0.93 | |||
| MRHYX | 0.09 | 0.01 | (0.71) | 0.32 | 0.00 | 0.23 | 0.47 | |||
| PKHIX | 0.11 | 0.01 | (0.55) | 0.38 | 0.00 | 0.34 | 0.90 | |||
| CYBAX | 0.10 | 0.00 | (0.88) | 0.21 | 0.00 | 0.24 | 0.73 |