Transamerica Asset Correlations

IAAAX Fund  USD 15.15  0.24  1.56%   
The current 90-days correlation between Transamerica Asset and Mondrian Emerging Markets is 0.54 (i.e., Very weak 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 weak diversification

The correlation between Transamerica Asset Allocation and DJI is 0.41 (i.e., Very weak 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

  0.84TWMTX Transamerica GrowthPairCorr
  0.67TWQZX Transamerica Large CapPairCorr
  0.69TWQAX Transamerica Large CapPairCorr
  0.68TWQIX Transamerica Large CapPairCorr
  0.71TWQCX Transamerica Large CapPairCorr
  0.9IMDRX Transamerica AssetPairCorr
  0.66IMCGX Transamerica Mid CapPairCorr
  0.68IMGRX Transamerica AssetPairCorr
  0.91IMLAX Transamerica AssetPairCorr
  0.93IMLLX Transamerica AssetPairCorr
  0.9IMOAX Transamerica AssetPairCorr
  0.89IMOLX Transamerica AssetPairCorr
  0.79TGRHX Transamerica InternationalPairCorr
  0.78TGRFX Transamerica InternationalPairCorr
  0.79TGRGX Transamerica InternationalPairCorr
  0.81TGWFX Transamerica Large GrowthPairCorr
  0.81TGWTX Transamerica Large GrowthPairCorr
  0.73TGWRX Transamerica Large GrowthPairCorr

Moving against Transamerica Mutual Fund

  0.4TFLAX Transamerica FloatingPairCorr
  0.36TFLIX Transamerica FloatingPairCorr
  0.36TFLCX Transamerica FloatingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.