Transamerica Capital Correlations

TFOIX Fund

USD 32.35 0.56 1.76%

The current 90-days correlation between Transamerica Capital and Legg Mason Global is 0.42 (i.e., Very weak diversification). The correlation of Transamerica Capital 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 Capital Correlation With Market

Modest diversification

The correlation between Transamerica Capital Growth and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Capital Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Capital Growth. 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 gross domestic product.

Moving together with Transamerica Mutual Fund

0.96	ILLLX	Transamerica Capital	Pair Corr
0.92	TWMTX	Transamerica Growth	Pair Corr
0.81	TWQZX	Transamerica Large Cap	Pair Corr
0.82	TWQAX	Transamerica Large Cap	Pair Corr
0.81	TWQIX	Transamerica Large Cap	Pair Corr
0.82	TWQCX	Transamerica Large Cap	Pair Corr
0.67	TFLAX	Transamerica Floating	Pair Corr
0.64	TFLIX	Transamerica Floating	Pair Corr
0.72	TFLCX	Transamerica Floating	Pair Corr
0.76	IMDRX	Transamerica Asset	Pair Corr
0.93	IMCGX	Transamerica Mid Cap	Pair Corr
0.83	IMGRX	Transamerica Asset	Pair Corr
0.83	IMLAX	Transamerica Asset	Pair Corr
0.83	IMLLX	Transamerica Asset	Pair Corr
0.76	IMOAX	Transamerica Asset	Pair Corr
0.77	IMOLX	Transamerica Asset	Pair Corr
0.69	INCLX	Transamerica High Yield	Pair Corr
0.79	TGRHX	Transamerica International	Pair Corr
0.77	TGRFX	Transamerica International Downward Rally	Pair Corr
0.78	TGRGX	Transamerica International	Pair Corr
0.96	TGWFX	Transamerica Large Growth	Pair Corr
0.96	TGWTX	Transamerica Large Growth	Pair Corr
0.96	TGWRX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.48	TFXIX	Transamerica Flexible	Pair Corr
0.51	TIOCX	Transamerica Inflation	Pair Corr
0.5	TIOBX	Transamerica Funds	Pair Corr
0.49	TIODX	Transamerica Funds	Pair Corr
0.48	TIOEX	Transamerica Funds	Pair Corr
0.48	TIOAX	Transamerica Inflation	Pair Corr
0.4	RTIOX	Transamerica Inflation	Pair Corr

Related Correlations Analysis

	LFLCX	MGGNX	DBLGX	HRLAX	BCGDX	ANAGX	DHGCX
LFLCX		0.51	0.74	0.73	0.77	0.77	0.72	LFLCX
MGGNX	0.51		0.45	0.19	0.46	0.69	0.73	MGGNX
DBLGX	0.74	0.45		0.68	0.3	0.86	0.82	DBLGX
HRLAX	0.73	0.19	0.68		0.6	0.47	0.4	HRLAX
BCGDX	0.77	0.46	0.3	0.6		0.36	0.32	BCGDX
ANAGX	0.77	0.69	0.86	0.47	0.36		0.98	ANAGX
DHGCX	0.72	0.73	0.82	0.4	0.32	0.98		DHGCX
	LFLCX	MGGNX	DBLGX	HRLAX	BCGDX	ANAGX	DHGCX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Capital 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 Capital'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
LFLCX	0.19	(0.01)	0.00	(0.59)	0.00	0.00	0.43	(0.33)	1.86
MGGNX	0.21	(0.01)	0.43	(2.43)	0.30	(0.26)	0.35	(0.58)	1.96
DBLGX	0.24	0.04	0.76	(6.44)	0.05	(0.32)	0.62	(0.36)	2.12
HRLAX	0.40	0.07	0.17	(0.02)	0.87	(0.39)	0.82	(0.84)	5.12
BCGDX	0.71	(0.04)	0.00	(0.54)	0.00	0.00	1.28	(1.58)	7.42
ANAGX	0.19	0.00	0.55	(0.43)	0.19	(0.28)	0.44	(0.44)	1.46
DHGCX	0.19	0.00	0.63	(0.24)	0.23	(0.22)	0.47	(0.42)	1.46

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