Transamerica Floating Correlations

Mutual Funds . USA . 
Fund . Transamerica Floating Rate
TFLCX Fund  USD 9.01  0.01  0.11%   
The current 90-days correlation between Transamerica Floating and Transamerica Emerging Markets is 0.03 (i.e., Significant diversification). The correlation of Transamerica Floating 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 Floating Correlation With Market

Significant diversification

The correlation between Transamerica Floating Rate and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Floating Rate 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 Floating Rate. 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 main economic indicators.

Moving together with Transamerica Mutual Fund

  0.97TEOJX Transamerica EmergingPairCorr
  0.97TEOIX Transamerica EmergingPairCorr
  0.97TEOOX Transamerica EmergingPairCorr
  0.96ILLLX Transamerica Capital Steady GrowthPairCorr
  0.98TWMTX Transamerica GrowthPairCorr
  0.98TWQZX Transamerica Large CapPairCorr
  0.98TWQAX Transamerica Large CapPairCorr
  0.98TWQIX Transamerica Large CapPairCorr
  0.98TWQCX Transamerica Large CapPairCorr
  0.97EMTIX Transamerica EmergingPairCorr
  0.97EMTCX Transamerica EmergingPairCorr
  0.98EMTAX Transamerica EmergingPairCorr
  1.0TFLAX Transamerica FloatingPairCorr
  1.0TFLIX Transamerica FloatingPairCorr
  0.98IMDRX Transamerica AssetPairCorr
  0.97IMCGX Transamerica Mid CapPairCorr
  0.96TFOIX Transamerica Capital Steady GrowthPairCorr
  0.98IMGRX Transamerica AssetPairCorr
  0.98IMLAX Transamerica AssetPairCorr
  0.77TFXIX Transamerica FlexiblePairCorr
  0.98IMLLX Transamerica AssetPairCorr
  0.98IMOAX Transamerica AssetPairCorr
  0.97IMOLX Transamerica AssetPairCorr
  0.98INCLX Transamerica High YieldPairCorr
  0.96TGRHX Transamerica InternationalPairCorr
  0.95TGRFX Transamerica InternationalPairCorr
  0.96TGRGX Transamerica InternationalPairCorr
  0.97TGWFX Transamerica Large GrowthPairCorr
  0.97TGWTX Transamerica Large GrowthPairCorr
  0.97TGWRX Transamerica Large GrowthPairCorr
  0.93TIHIX Transamerica InternationalPairCorr
  0.93TIHBX Transamerica InternationalPairCorr
  0.92TIHJX Transamerica InternationalPairCorr
  0.93TIHAX Transamerica InternationalPairCorr
  0.71TIODX Transamerica FundsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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