Transamerica Multi-managed Correlations

TBLIX Fund  USD 35.90  0.04  0.11%   
The correlation of Transamerica Multi-managed 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.
  
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Moving together with Transamerica Mutual Fund

  0.9FBONX American Funds AmericanPairCorr
  0.9FBAFX American Funds AmericanPairCorr
  0.9ABALX American BalancedPairCorr
  0.9BALCX American BalancedPairCorr
  0.9BALFX American BalancedPairCorr
  0.9RLBCX American BalancedPairCorr
  0.9RLBBX American BalancedPairCorr
  0.9CLBAX American BalancedPairCorr
  0.9CLBEX American BalancedPairCorr
  0.9RLBFX American BalancedPairCorr
  0.85ASG Liberty All StarPairCorr
  0.85IIF Morgan Stanley IndiaPairCorr
  0.81USA Liberty All StarPairCorr
  0.9NFJ Virtus Dividend InterestPairCorr

Moving against Transamerica Mutual Fund

  0.57MCD McDonaldsPairCorr
  0.46TRV The Travelers CompaniesPairCorr
  0.33HPQ HP IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Multi-managed 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 Multi-managed'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.