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

  0.86ILLLX Transamerica CapitalPairCorr
  0.83TWMTX Transamerica GrowthPairCorr
  0.73TWQZX Transamerica Large CapPairCorr
  0.73TWQAX Transamerica Large CapPairCorr
  0.72TWQIX Transamerica Large CapPairCorr
  0.74TWQCX Transamerica Large CapPairCorr
  0.8IMDRX Transamerica AssetPairCorr
  0.84IMCGX Transamerica Mid CapPairCorr
  0.83TFOIX Transamerica CapitalPairCorr
  0.88IMGRX Transamerica AssetPairCorr
  0.88IMLAX Transamerica AssetPairCorr
  0.91IMLLX Transamerica AssetPairCorr
  0.8IMOAX Transamerica AssetPairCorr
  0.84IMOLX Transamerica AssetPairCorr
  0.78TGWFX Transamerica Large Growth Steady GrowthPairCorr
  0.79TGWTX Transamerica Large Growth Steady GrowthPairCorr
  0.74TGWRX Transamerica Large Growth Steady GrowthPairCorr

Moving against Transamerica Mutual Fund

  0.33TFXIX Transamerica FlexiblePairCorr

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.