Transamerica Asset Correlations

IAAAX Fund

USD 14.91 0.05 0.33%

The current 90-days correlation between Transamerica Asset and Saat Defensive Strategy is -0.04 (i.e., Good 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

Poor diversification

The correlation between Transamerica Asset Allocation and DJI is 0.77 (i.e., 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 Risk vs Return Analysis 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 nation.

Moving together with Transamerica Mutual Fund

0.86	ILLLX	Transamerica Capital	Pair Corr
0.83	TWMTX	Transamerica Growth	Pair Corr
0.73	TWQZX	Transamerica Large Cap	Pair Corr
0.73	TWQAX	Transamerica Large Cap	Pair Corr
0.72	TWQIX	Transamerica Large Cap	Pair Corr
0.74	TWQCX	Transamerica Large Cap	Pair Corr
0.8	IMDRX	Transamerica Asset	Pair Corr
0.84	IMCGX	Transamerica Mid Cap	Pair Corr
0.83	TFOIX	Transamerica Capital	Pair Corr
0.88	IMGRX	Transamerica Asset	Pair Corr
0.88	IMLAX	Transamerica Asset	Pair Corr
0.91	IMLLX	Transamerica Asset	Pair Corr
0.8	IMOAX	Transamerica Asset	Pair Corr
0.84	IMOLX	Transamerica Asset	Pair Corr
0.78	TGWFX	Transamerica Large Growth Steady Growth	Pair Corr
0.79	TGWTX	Transamerica Large Growth Steady Growth	Pair Corr
0.74	TGWRX	Transamerica Large Growth Steady Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.33

TFXIX

Transamerica Flexible

Pair Corr

Related Correlations Analysis

	SEDIX	REMVX	BXECX	UUPIX	EMDQX	SEDAX	RYACX	FEMDX
SEDIX		0.88	0.97	0.88	0.95	0.97	0.49	0.96	SEDIX
REMVX	0.88		0.86	0.94	0.89	0.86	0.48	0.82	REMVX
BXECX	0.97	0.86		0.85	0.96	0.96	0.57	0.93	BXECX
UUPIX	0.88	0.94	0.85		0.86	0.88	0.27	0.89	UUPIX
EMDQX	0.95	0.89	0.96	0.86		0.98	0.57	0.89	EMDQX
SEDAX	0.97	0.86	0.96	0.88	0.98		0.47	0.95	SEDAX
RYACX	0.49	0.48	0.57	0.27	0.57	0.47		0.31	RYACX
FEMDX	0.96	0.82	0.93	0.89	0.89	0.95	0.31		FEMDX
	SEDIX	REMVX	BXECX	UUPIX	EMDQX	SEDAX	RYACX	FEMDX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEDIX	0.09	0.01	0.07	(0.33)	0.00	(0.16)	0.21	(0.21)	0.53
REMVX	0.78	0.09	0.09	(0.99)	0.93	(0.84)	1.67	(1.56)	5.76
BXECX	0.19	0.04	0.14	(0.48)	0.00	(0.32)	0.55	(0.27)	1.21
UUPIX	2.28	0.22	0.07	(0.73)	2.83	(2.37)	4.92	(4.93)	14.16
EMDQX	0.29	0.04	0.11	0.56	0.17	(0.43)	0.68	(0.45)	1.75
SEDAX	0.24	0.03	0.10	0.62	0.16	(0.33)	0.59	(0.36)	1.30
RYACX	1.09	0.13	0.11	0.52	1.10	(1.26)	2.78	(1.58)	6.30
FEMDX	0.15	0.02	0.13	8.50	0.00	(0.20)	0.42	(0.26)	1.11

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