Transamerica Capital Correlations
TFOIX Fund | USD 48.19 0.53 1.11% |
The current 90-days correlation between Transamerica Capital and Transamerica Emerging Markets is 0.05 (i.e., Significant diversification). The correlation of Transamerica Capital 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 Capital Correlation With Market
Good diversification
The correlation between Transamerica Capital Growth and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Capital Growth and DJI in the same portfolio, assuming nothing else is changed.
Transamerica |
Moving together with Transamerica Mutual Fund
0.97 | TEOJX | Transamerica Emerging | PairCorr |
0.97 | TEOIX | Transamerica Emerging | PairCorr |
0.97 | TEOOX | Transamerica Emerging | PairCorr |
1.0 | ILLLX | Transamerica Capital Steady Growth | PairCorr |
0.99 | TWMTX | Transamerica Growth | PairCorr |
0.96 | TWQZX | Transamerica Large Cap | PairCorr |
0.97 | TWQAX | Transamerica Large Cap | PairCorr |
0.96 | TWQIX | Transamerica Large Cap | PairCorr |
0.96 | TWQCX | Transamerica Large Cap | PairCorr |
0.94 | EMTIX | Transamerica Emerging | PairCorr |
0.96 | TFLAX | Transamerica Floating | PairCorr |
0.97 | IMDRX | Transamerica Asset | PairCorr |
0.99 | IMGRX | Transamerica Asset | PairCorr |
0.99 | IMLAX | Transamerica Asset | PairCorr |
0.97 | INCLX | Transamerica High Yield | PairCorr |
0.98 | TGRFX | Transamerica International | PairCorr |
0.98 | TGRGX | Transamerica International | PairCorr |
0.66 | THYIX | Transamerica High Yield | PairCorr |
0.65 | THYTX | Transamerica High Yield | PairCorr |
0.96 | TIHBX | Transamerica International | PairCorr |
0.67 | TIODX | Transamerica Funds | PairCorr |
0.69 | TIOEX | Transamerica Funds | PairCorr |
0.71 | TIOBX | Transamerica Funds | PairCorr |
0.68 | TIOCX | Transamerica Inflation | PairCorr |
0.69 | TIOAX | Transamerica Inflation | PairCorr |
0.79 | TIMTX | Transamerica Intermediate | PairCorr |
0.78 | TIMUX | Transamerica Intermediate | PairCorr |
0.96 | TISDX | Transamerica Funds | PairCorr |
0.96 | TISLX | Transamerica Funds | PairCorr |
0.98 | TISVX | Transamerica International | PairCorr |
0.69 | RTIOX | Transamerica Inflation | PairCorr |
0.9 | RTSGX | Transamerica Small Cap | PairCorr |
0.99 | IAAAX | Transamerica Asset | PairCorr |
0.94 | IAADX | Iaadx | PairCorr |
0.94 | IAAEX | Transamerica Financial | PairCorr |
0.98 | TLAFX | Transamerica Large Core | PairCorr |
1.0 | IALAX | Transamerica Capital Steady Growth | PairCorr |
0.94 | TLOTX | Transamerica Large Value | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Transamerica Mutual Fund performing well and Transamerica Capital 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 Capital'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
TEOJX | 0.56 | 0.21 | 0.17 | 0.59 | 0.11 | 1.62 | 4.16 | |||
TEOIX | 0.55 | 0.20 | 0.17 | 0.57 | 0.00 | 1.61 | 4.06 | |||
TEOOX | 0.56 | 0.28 | 0.23 | (20.64) | 0.00 | 1.75 | 4.09 | |||
ILLLX | 1.26 | 0.51 | 0.28 | (2.74) | 0.95 | 3.70 | 8.39 | |||
TWMTX | 0.81 | 0.34 | 0.19 | (3.55) | 0.64 | 2.49 | 5.44 | |||
TWQZX | 0.56 | 0.10 | 0.09 | 0.26 | 0.48 | 1.55 | 4.04 | |||
TWQAX | 0.56 | 0.22 | 0.10 | (2.62) | 0.46 | 1.49 | 4.14 | |||
TWQIX | 0.56 | 0.10 | 0.09 | 0.26 | 0.47 | 1.54 | 4.08 | |||
TWQCX | 0.56 | 0.10 | 0.08 | 0.26 | 0.49 | 1.50 | 4.10 | |||
EMTIX | 0.15 | 0.08 | (0.22) | 1.28 | 0.00 | 0.44 | 0.89 |