Iaadx Correlations

Mutual Funds . USA . 
Fund . Iaadx
IAADX Fund   9.26  0.01  0.11%   
The current 90-days correlation between Iaadx and Transamerica Emerging Markets is -0.16 (i.e., Good diversification). The correlation of Iaadx 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.

Iaadx Correlation With Market

Good diversification

The correlation between Iaadx and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iaadx 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 Iaadx. 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 unemployment.

Moving together with Iaadx Mutual Fund

  0.96TEOJX Transamerica EmergingPairCorr
  0.96TEOIX Transamerica EmergingPairCorr
  0.96TEOOX Transamerica EmergingPairCorr
  0.94ILLLX Transamerica Capital Steady GrowthPairCorr
  0.96TWMTX Transamerica GrowthPairCorr
  0.97TWQZX Transamerica Large CapPairCorr
  0.97TWQAX Transamerica Large CapPairCorr
  0.97TWQIX Transamerica Large CapPairCorr
  0.97TWQCX Transamerica Large CapPairCorr
  0.99EMTIX Transamerica EmergingPairCorr
  0.99EMTCX Transamerica EmergingPairCorr
  0.99EMTAX Transamerica EmergingPairCorr
  0.97TFLAX Transamerica FloatingPairCorr
  0.97TFLIX Transamerica FloatingPairCorr
  0.97IMDRX Transamerica AssetPairCorr
  0.94TFOIX Transamerica Capital Steady GrowthPairCorr
  0.97IMGRX Transamerica AssetPairCorr
  0.97IMLAX Transamerica AssetPairCorr
  0.97IMOAX Transamerica AssetPairCorr
  0.97IMOLX Transamerica AssetPairCorr
  0.98INCLX Transamerica High YieldPairCorr
  0.94TGRHX Transamerica InternationalPairCorr
  0.94TGRFX Transamerica InternationalPairCorr
  0.94TGRGX Transamerica InternationalPairCorr
  0.95TGWFX Transamerica Large GrowthPairCorr
  0.95TGWTX Transamerica Large GrowthPairCorr
  0.68THAYX Transamerica High YieldPairCorr
  0.61THYIX Transamerica High YieldPairCorr
  0.92TIHIX Transamerica InternationalPairCorr
  0.92TIHBX Transamerica InternationalPairCorr
  0.92TIHJX Transamerica InternationalPairCorr
  0.92TIHAX Transamerica InternationalPairCorr
  0.81TIODX Transamerica FundsPairCorr
  0.82TIOEX Transamerica FundsPairCorr
  0.85TIOBX Transamerica FundsPairCorr
  0.81TIOCX Transamerica InflationPairCorr
  0.83TIOAX Transamerica InflationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Iaadx Mutual Fund performing well and Iaadx 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 Iaadx'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  0.56  0.21  0.17  0.59  0.11 
(0.70)
 1.62 
(1.18)
 4.16 
TEOIX  0.55  0.20  0.17  0.57  0.00 
(0.69)
 1.61 
(1.07)
 4.06 
TEOOX  0.56  0.28  0.23 (20.64) 0.00 
(0.77)
 1.75 
(0.86)
 4.09 
ILLLX  1.26  0.51  0.28 (2.74) 0.95 
(1.61)
 3.70 
(1.74)
 8.39 
TWMTX  0.81  0.34  0.19 (3.55) 0.64 
(0.93)
 2.49 
(1.48)
 5.44 
TWQZX  0.56  0.10  0.09  0.26  0.48 
(0.65)
 1.55 
(0.95)
 4.04 
TWQAX  0.56  0.22  0.10 (2.62) 0.46 
(0.67)
 1.49 
(0.96)
 4.14 
TWQIX  0.56  0.10  0.09  0.26  0.47 
(0.65)
 1.54 
(0.94)
 4.08 
TWQCX  0.56  0.10  0.08  0.26  0.49 
(0.65)
 1.50 
(0.96)
 4.10 
EMTIX  0.15  0.08 (0.22) 1.28  0.00 
(0.23)
 0.44 
(0.22)
 0.89 

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