Transamerica Flexible Correlations

Mutual Funds . USA . 
Fund . Transamerica Flexible Income
TFXIX Fund  USD 8.01  0.01  0.12%   
The current 90-days correlation between Transamerica Flexible and Transamerica Emerging Markets is -0.15 (i.e., Good diversification). The correlation of Transamerica Flexible 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 Flexible Correlation With Market

Good diversification

The correlation between Transamerica Flexible Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Flexible Income 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 Flexible Income. 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

  0.78TEOJX Transamerica EmergingPairCorr
  0.78TEOIX Transamerica EmergingPairCorr
  0.76TEOOX Transamerica EmergingPairCorr
  0.73ILLLX Transamerica Capital Steady GrowthPairCorr
  0.77TWMTX Transamerica GrowthPairCorr
  0.81TWQZX Transamerica Large CapPairCorr
  0.81TWQAX Transamerica Large CapPairCorr
  0.81TWQIX Transamerica Large CapPairCorr
  0.81TWQCX Transamerica Large CapPairCorr
  0.85EMTIX Transamerica EmergingPairCorr
  0.85EMTCX Transamerica EmergingPairCorr
  0.81TFLAX Transamerica FloatingPairCorr
  0.81TFLIX Transamerica FloatingPairCorr
  0.81TFLCX Transamerica FloatingPairCorr
  0.81IMDRX Transamerica AssetPairCorr
  0.78IMCGX Transamerica Mid CapPairCorr
  0.73TFOIX Transamerica Capital Steady GrowthPairCorr
  0.79IMGRX Transamerica AssetPairCorr
  0.8IMLAX Transamerica AssetPairCorr
  0.79IMLLX Transamerica AssetPairCorr
  0.82IMOAX Transamerica AssetPairCorr
  0.81IMOLX Transamerica AssetPairCorr
  0.83INCLX Transamerica High YieldPairCorr
  0.73TGRHX Transamerica InternationalPairCorr
  0.73TGRFX Transamerica InternationalPairCorr
  0.73TGRGX Transamerica InternationalPairCorr
  0.75TGWFX Transamerica Large GrowthPairCorr
  0.75TGWTX Transamerica Large GrowthPairCorr
  0.66THAYX Transamerica High YieldPairCorr
  0.61THYIX Transamerica High YieldPairCorr
  0.71TIHIX Transamerica InternationalPairCorr
  0.71TIHBX Transamerica InternationalPairCorr
  0.72TIHAX Transamerica InternationalPairCorr
  0.88TIODX 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 Flexible 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 Flexible'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 
(0.70)
 1.62 
(1.18)
 4.16 
TEOIX  0.55  0.20  0.17  0.57  0.00 
(0.69)
 1.61 
(1.07)
 4.06 
TEOOX  0.56  0.28  0.23 (20.64) 0.00 
(0.77)
 1.75 
(0.86)
 4.09 
ILLLX  1.26  0.51  0.28 (2.74) 0.95 
(1.61)
 3.70 
(1.74)
 8.39 
TWMTX  0.81  0.34  0.19 (3.55) 0.64 
(0.93)
 2.49 
(1.48)
 5.44 
TWQZX  0.56  0.10  0.09  0.26  0.48 
(0.65)
 1.55 
(0.95)
 4.04 
TWQAX  0.56  0.22  0.10 (2.62) 0.46 
(0.67)
 1.49 
(0.96)
 4.14 
TWQIX  0.56  0.10  0.09  0.26  0.47 
(0.65)
 1.54 
(0.94)
 4.08 
TWQCX  0.56  0.10  0.08  0.26  0.49 
(0.65)
 1.50 
(0.96)
 4.10 
EMTIX  0.15  0.08 (0.22) 1.28  0.00 
(0.23)
 0.44 
(0.22)
 0.89 

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