Transamerica Emerging Correlations

Mutual Funds . USA . 
Fund . Transamerica Emerging Markets
TEOIX Fund  USD 9.12  0.06  0.66%   
The current 90-days correlation between Transamerica Emerging and Energy Basic Materials is 0.75 (i.e., Poor diversification). The correlation of Transamerica Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Transamerica Emerging Markets and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Emerging Markets. 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 gross domestic product.

Moving together with Transamerica Mutual Fund

  0.97VEMAX Vanguard Emerging MarketsPairCorr
  0.93VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.96FWWNX American Funds NewPairCorr
  0.96FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.96NWFFX New World FundPairCorr
  0.96NEWCX New World FundPairCorr
  0.94ODVYX Oppenheimer DevelopingPairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.72VTSMX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VSTSX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr
  0.72VFINX Vanguard 500 IndexPairCorr
  0.66VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.75IBM International BusinessPairCorr
  0.64MMM 3M CompanyPairCorr
  0.81BA Boeing Aggressive PushPairCorr
  0.87GE GE AerospacePairCorr
  0.78CAT CaterpillarPairCorr
  0.73AXP American Express Sell-off TrendPairCorr
  0.62CSCO Cisco Systems Aggressive PushPairCorr
  0.75MSFT Microsoft Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Emerging 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 Emerging'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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