Transamerica Asset Correlations

Mutual Funds . USA . 
Fund . Transamerica Asset Allocation
IMOLX Fund  USD 12.30  0.02  0.16%   
The current 90-days correlation between Transamerica Asset and Gmo Emerging Markets is 0.84 (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

Almost no diversification

The correlation between Transamerica Asset Allocation and DJI is 0.94 (i.e., Almost no 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 bureau of economic analysis.

Moving together with Transamerica Mutual Fund

  0.98TEOJX Transamerica EmergingPairCorr
  0.98TEOIX Transamerica EmergingPairCorr
  0.95TEOOX Transamerica EmergingPairCorr
  0.92ILLLX Transamerica CapitalPairCorr
  0.93TWMTX Transamerica GrowthPairCorr
  0.98TWQZX Transamerica Large CapPairCorr
  0.91TWQAX Transamerica Large CapPairCorr
  0.98TWQIX Transamerica Large CapPairCorr
  0.97TWQCX Transamerica Large CapPairCorr
  0.94EMTIX Transamerica EmergingPairCorr
  0.94EMTCX Transamerica EmergingPairCorr
  0.91EMTAX Transamerica EmergingPairCorr
  0.94TFLAX Transamerica FloatingPairCorr
  0.95TFLIX Transamerica FloatingPairCorr
  0.96TFLCX Transamerica FloatingPairCorr
  1.0IMDRX Transamerica AssetPairCorr
  0.97IMCGX Transamerica Mid CapPairCorr
  0.94TFOIX Transamerica CapitalPairCorr
  1.0IMGRX Transamerica AssetPairCorr
  1.0IMLAX Transamerica AssetPairCorr
  1.0IMLLX Transamerica AssetPairCorr
  0.95IMOAX Transamerica AssetPairCorr
  0.95INCLX Transamerica High YieldPairCorr
  0.92TGRHX Transamerica InternationalPairCorr
  0.93TGRFX Transamerica InternationalPairCorr
  0.93TGRGX Transamerica InternationalPairCorr
  0.96TGWFX Transamerica Large GrowthPairCorr
  0.96TGWTX Transamerica Large GrowthPairCorr
  0.96TGWRX Transamerica Large GrowthPairCorr
  0.95TIHIX Transamerica InternationalPairCorr
  0.95TIHBX Transamerica InternationalPairCorr
  0.95TIHJX Transamerica InternationalPairCorr
  0.95TIHAX Transamerica InternationalPairCorr

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.

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