Transamerica Asset Correlations

Mutual Funds . USA . 
Fund . Transamerica Asset Allocation
IAAAX Fund  USD 16.53  0.01  0.06%   
The current 90-days correlation between Transamerica Asset and Transamerica Emerging Markets is -0.07 (i.e., Good 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 -0.11 (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 nation.

Moving together with Transamerica Mutual Fund

  0.98TEOJX Transamerica EmergingPairCorr
  0.98TEOIX Transamerica EmergingPairCorr
  0.99TEOOX Transamerica EmergingPairCorr
  0.99ILLLX Transamerica Capital Steady GrowthPairCorr
  1.0TWMTX Transamerica GrowthPairCorr
  0.98TWQZX Transamerica Large CapPairCorr
  0.99TWQAX Transamerica Large CapPairCorr
  0.98TWQIX Transamerica Large CapPairCorr
  0.98TWQCX Transamerica Large CapPairCorr
  0.96EMTIX Transamerica EmergingPairCorr
  0.96EMTCX Transamerica EmergingPairCorr
  0.97EMTAX Transamerica EmergingPairCorr
  0.98TFLAX Transamerica FloatingPairCorr
  0.98TFLIX Transamerica FloatingPairCorr
  0.98IMDRX Transamerica AssetPairCorr
  0.99TFOIX Transamerica Capital Steady GrowthPairCorr
  0.99IMGRX Transamerica AssetPairCorr
  1.0IMLAX Transamerica AssetPairCorr
  0.98INCLX Transamerica High YieldPairCorr
  0.98TGRFX Transamerica InternationalPairCorr
  0.99TGRGX Transamerica InternationalPairCorr
  1.0TGWFX Transamerica Large GrowthPairCorr
  0.96TIHBX Transamerica InternationalPairCorr
  0.67TIODX Transamerica FundsPairCorr
  0.71TIOEX Transamerica FundsPairCorr
  0.7TIOBX Transamerica FundsPairCorr
  0.71TIOCX Transamerica InflationPairCorr
  0.69TIOAX Transamerica InflationPairCorr
  0.79TIMTX Transamerica IntermediatePairCorr
  0.75TIMUX Transamerica IntermediatePairCorr
  0.96TISDX Transamerica FundsPairCorr
  0.95TISLX Transamerica FundsPairCorr
  0.99TISVX Transamerica InternationalPairCorr
  0.89ASGTX Transamerica Small CapPairCorr
  0.71RTIOX Transamerica InflationPairCorr
  0.85RTSGX Transamerica Small CapPairCorr

Related Correlations Analysis

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 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  0.55  0.20  0.16  0.57  0.13 
(0.69)
 1.62 
(1.18)
 4.16 
TEOIX  0.54  0.20  0.15  0.55  0.00 
(0.68)
 1.61 
(1.07)
 4.06 
TEOOX  0.54  0.27  0.20 (36.27) 0.00 
(0.76)
 1.69 
(0.86)
 4.09 
ILLLX  1.27  0.52  0.28 (2.72) 0.96 
(1.62)
 3.70 
(1.74)
 8.39 
TWMTX  0.82  0.34  0.18 (3.54) 0.62 
(0.95)
 2.49 
(1.48)
 5.44 
TWQZX  0.55  0.10  0.09  0.26  0.47 
(0.65)
 1.55 
(0.95)
 4.04 
TWQAX  0.56  0.21  0.08 (2.67) 0.47 
(0.66)
 1.49 
(0.96)
 4.14 
TWQIX  0.56  0.10  0.09  0.26  0.46 
(0.65)
 1.54 
(0.94)
 4.08 
TWQCX  0.55  0.10  0.08  0.26  0.46 
(0.65)
 1.50 
(0.96)
 4.10 
EMTIX  0.15  0.08 (0.26) 1.20  0.00 
(0.23)
 0.34 
(0.22)
 0.89 

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