Transamerica Asset Correlations
IAAAX Fund | USD 16.56 0.03 0.18% |
The current 90-days correlation between Transamerica Asset and Baron Real Estate is 0.81 (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
Good diversification
The correlation between Transamerica Asset Allocation and DJI is -0.18 (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.
Transamerica |
Moving together with Transamerica Mutual Fund
0.98 | TEOJX | Transamerica Emerging | PairCorr |
0.98 | TEOIX | Transamerica Emerging | PairCorr |
0.99 | TEOOX | Transamerica Emerging | PairCorr |
0.99 | TWQZX | Transamerica Large Cap | PairCorr |
0.99 | TWQAX | Transamerica Large Cap | PairCorr |
0.98 | TFLAX | Transamerica Floating | PairCorr |
0.98 | IMCGX | Transamerica Mid Cap | PairCorr |
0.99 | TFOIX | Transamerica Capital | PairCorr |
0.99 | TGRHX | Transamerica International | PairCorr |
0.98 | TGWFX | Transamerica Large Growth | PairCorr |
0.96 | TIHIX | Transamerica International | PairCorr |
0.96 | TIHBX | Transamerica International | PairCorr |
0.96 | TIHJX | Transamerica International | PairCorr |
0.66 | TIODX | Transamerica Funds | PairCorr |
0.69 | TIOEX | Transamerica Funds | PairCorr |
0.71 | TIOBX | Transamerica Funds | PairCorr |
0.69 | TIOCX | Transamerica Inflation | PairCorr |
0.7 | TIOAX | Transamerica Inflation | PairCorr |
0.72 | TIMTX | Transamerica Intermediate | PairCorr |
0.73 | TIMUX | Transamerica Intermediate | PairCorr |
0.95 | TISDX | Transamerica Funds | PairCorr |
0.94 | TISLX | Transamerica Funds | PairCorr |
0.99 | TISVX | Transamerica International | PairCorr |
0.87 | ASGTX | Transamerica Small Cap | PairCorr |
0.7 | RTIOX | Transamerica Inflation | PairCorr |
0.96 | IAADX | Iaadx | PairCorr |
0.97 | IAAEX | Transamerica Financial | PairCorr |
1.0 | TLACX | Transamerica Large Core | PairCorr |
1.0 | TLARX | Transamerica Large Core | PairCorr |
0.99 | IALAX | Transamerica Capital | PairCorr |
0.95 | TLOTX | Transamerica Large Value | PairCorr |
0.97 | TLOFX | Transamerica Large Value | PairCorr |
1.0 | IBALX | Transamerica Multi-managed | PairCorr |
0.67 | TMCLX | Transamerica Mlp Energy | PairCorr |
0.99 | TMGIX | Transamerica Asset | PairCorr |
0.99 | ICLAX | Transamerica Asset | PairCorr |
0.97 | ICVRX | Transamerica Asset | PairCorr |
0.94 | MVTRX | Transamerica Mid Cap | PairCorr |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BREUX | 0.86 | 0.28 | 0.04 | (1.53) | 0.89 | 2.18 | 5.83 | |||
HLPPX | 0.58 | (0.06) | (0.12) | 0.12 | 0.91 | 1.33 | 4.23 | |||
PJEAX | 0.63 | 0.13 | (0.09) | (1.15) | 0.82 | 1.60 | 4.69 | |||
TIREX | 0.60 | (0.05) | (0.12) | 0.13 | 0.86 | 1.61 | 4.47 | |||
FIKMX | 0.20 | 0.06 | (0.45) | (2.97) | 0.02 | 0.42 | 1.35 | |||
FREEX | 0.61 | 0.12 | (0.11) | (1.08) | 0.80 | 1.63 | 4.34 | |||
DNREX | 0.72 | 0.27 | 0.01 | (0.80) | 0.95 | 1.67 | 5.63 | |||
VGSIX | 0.61 | (0.05) | (0.10) | 0.14 | 0.84 | 1.71 | 4.71 |