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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Capital Growth. 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

  0.97TEOJX Transamerica EmergingPairCorr
  0.97TEOIX Transamerica EmergingPairCorr
  0.97TEOOX Transamerica EmergingPairCorr
  1.0ILLLX Transamerica Capital Steady GrowthPairCorr
  0.99TWMTX Transamerica GrowthPairCorr
  0.96TWQZX Transamerica Large CapPairCorr
  0.97TWQAX Transamerica Large CapPairCorr
  0.96TWQIX Transamerica Large CapPairCorr
  0.96TWQCX Transamerica Large CapPairCorr
  0.94EMTIX Transamerica EmergingPairCorr
  0.96TFLAX Transamerica FloatingPairCorr
  0.97IMDRX Transamerica AssetPairCorr
  0.99IMGRX Transamerica AssetPairCorr
  0.99IMLAX Transamerica AssetPairCorr
  0.97INCLX Transamerica High YieldPairCorr
  0.98TGRFX Transamerica InternationalPairCorr
  0.98TGRGX Transamerica InternationalPairCorr
  0.66THYIX Transamerica High YieldPairCorr
  0.65THYTX Transamerica High YieldPairCorr
  0.96TIHBX Transamerica InternationalPairCorr
  0.67TIODX Transamerica FundsPairCorr
  0.69TIOEX Transamerica FundsPairCorr
  0.71TIOBX Transamerica FundsPairCorr
  0.68TIOCX Transamerica InflationPairCorr
  0.69TIOAX Transamerica InflationPairCorr
  0.79TIMTX Transamerica IntermediatePairCorr
  0.78TIMUX Transamerica IntermediatePairCorr
  0.96TISDX Transamerica FundsPairCorr
  0.96TISLX Transamerica FundsPairCorr
  0.98TISVX Transamerica InternationalPairCorr
  0.69RTIOX Transamerica InflationPairCorr
  0.9RTSGX Transamerica Small CapPairCorr
  0.99IAAAX Transamerica AssetPairCorr
  0.94IAADX IaadxPairCorr
  0.94IAAEX Transamerica FinancialPairCorr
  0.98TLAFX Transamerica Large CorePairCorr
  1.0IALAX Transamerica Capital Steady GrowthPairCorr
  0.94TLOTX Transamerica Large ValuePairCorr

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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