Transamerica Asset Correlations

Mutual Funds . USA . 
Fund . Transamerica Asset Allocation
TMGIX Fund  USD 13.99  0.07  0.50%   
The current 90-days correlation between Transamerica Asset and Transamerica Emerging Markets is 0.67 (i.e., Poor diversification). The correlation of Transamerica Asset 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 Asset Correlation With Market

Very poor diversification

The correlation between Transamerica Asset Allocation and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Asset Allocation 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 Asset Allocation. 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

  0.99TEOJX Transamerica EmergingPairCorr
  0.99TEOIX Transamerica EmergingPairCorr
  0.99TEOOX Transamerica EmergingPairCorr
  0.99ILLLX Transamerica Capital Steady GrowthPairCorr
  1.0TWMTX Transamerica GrowthPairCorr
  0.99TWQZX Transamerica Large CapPairCorr
  0.99TWQAX Transamerica Large CapPairCorr
  0.99TWQIX Transamerica Large CapPairCorr
  0.99TWQCX Transamerica Large CapPairCorr
  0.97EMTIX Transamerica EmergingPairCorr
  0.97EMTCX Transamerica EmergingPairCorr
  0.97EMTAX Transamerica EmergingPairCorr
  0.98TFLAX Transamerica FloatingPairCorr
  0.98TFLIX Transamerica FloatingPairCorr
  0.98TFLCX Transamerica FloatingPairCorr
  1.0IMDRX Transamerica AssetPairCorr
  0.99IMCGX Transamerica Mid CapPairCorr
  0.99TFOIX Transamerica Capital Steady GrowthPairCorr
  1.0IMGRX Transamerica AssetPairCorr
  1.0IMLAX Transamerica AssetPairCorr
  0.78TFXIX Transamerica FlexiblePairCorr
  1.0IMLLX Transamerica AssetPairCorr
  1.0IMOLX Transamerica AssetPairCorr
  0.99INCLX Transamerica High YieldPairCorr
  0.98TGRHX Transamerica InternationalPairCorr
  0.98TGRFX Transamerica InternationalPairCorr
  0.98TGRGX Transamerica InternationalPairCorr
  0.99TGWFX Transamerica Large GrowthPairCorr
  0.99TGWTX Transamerica Large GrowthPairCorr
  0.99TGWRX Transamerica Large GrowthPairCorr
  0.96TIHIX Transamerica InternationalPairCorr
  0.96TIHBX Transamerica InternationalPairCorr
  0.96TIHJX Transamerica InternationalPairCorr
  0.96TIHAX Transamerica InternationalPairCorr
  0.72TIODX Transamerica FundsPairCorr
  0.75TIOEX Transamerica FundsPairCorr
  0.75TIOBX 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 Asset 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 Asset'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  0.54  0.21  0.21  0.61  0.00 
(0.76)
 1.69 
(0.86)
 4.09 
ILLLX  1.27  0.35  0.28  0.43  0.96 
(1.62)
 3.70 
(1.74)
 8.39 
TWMTX  0.82  0.19  0.19  0.32  0.62 
(0.95)
 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  0.10  0.09  0.26  0.47 
(0.66)
 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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