Iaadx Correlations

IAADX Fund

9.24 0.02 0.22%

The current 90-days correlation between Iaadx and Dws Emerging Markets is 0.55 (i.e., Very weak diversification). The correlation of Iaadx 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.

Iaadx Correlation With Market

Average diversification

The correlation between Iaadx and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iaadx 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 Iaadx. 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 unemployment.

Moving together with Iaadx Mutual Fund

0.85	TEOJX	Transamerica Emerging	Pair Corr
0.85	TEOIX	Transamerica Emerging	Pair Corr
0.85	TEOOX	Transamerica Emerging	Pair Corr
0.7	ILLLX	Transamerica Capital	Pair Corr
0.96	EMTIX	Transamerica Emerging	Pair Corr
0.95	EMTCX	Transamerica Emerging	Pair Corr
0.96	EMTAX	Transamerica Emerging	Pair Corr
0.7	TFOIX	Transamerica Capital	Pair Corr
0.79	TFXIX	Transamerica Flexible	Pair Corr
0.84	INCLX	Transamerica High Yield	Pair Corr
0.78	THCYX	Transamerica High Yield	Pair Corr
0.81	THAYX	Transamerica High Yield	Pair Corr
0.81	THYIX	Transamerica High Yield	Pair Corr
0.82	THYTX	Transamerica High Yield	Pair Corr
0.91	TIHIX	Transamerica International	Pair Corr
0.91	TIHBX	Transamerica International	Pair Corr
0.91	TIHJX	Transamerica International	Pair Corr
0.91	TIHAX	Transamerica International	Pair Corr
0.86	TIODX	Transamerica Funds	Pair Corr

Related Correlations Analysis

	SEKRX	ECSWX	EMSLX	BXECX	ANGCX	SMSNX	SEDAX	HLDAX
SEKRX		0.29	0.81	0.65	0.61	0.68	0.7	0.73	SEKRX
ECSWX	0.29		0.48	0.71	0.6	0.64	0.69	0.43	ECSWX
EMSLX	0.81	0.48		0.74	0.54	0.73	0.79	0.85	EMSLX
BXECX	0.65	0.71	0.74		0.77	0.92	0.94	0.82	BXECX
ANGCX	0.61	0.6	0.54	0.77		0.85	0.82	0.63	ANGCX
SMSNX	0.68	0.64	0.73	0.92	0.85		0.98	0.89	SMSNX
SEDAX	0.7	0.69	0.79	0.94	0.82	0.98		0.91	SEDAX
HLDAX	0.73	0.43	0.85	0.82	0.63	0.89	0.91		HLDAX
	SEKRX	ECSWX	EMSLX	BXECX	ANGCX	SMSNX	SEDAX	HLDAX

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Risk-Adjusted Indicators

There is a big difference between Iaadx Mutual Fund performing well and Iaadx 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 Iaadx'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
SEKRX	0.64	0.06	0.06	1.37	0.77	(0.71)	1.52	(1.56)	3.71
ECSWX	0.55	0.11	0.12	(1.00)	0.63	(0.62)	1.24	(0.90)	6.16
EMSLX	0.62	0.03	0.03	0.17	0.86	(0.60)	1.25	(1.34)	3.66
BXECX	0.21	0.03	0.08	(0.72)	0.06	(0.30)	0.54	(0.40)	1.35
ANGCX	0.13	0.02	0.06	1.27	0.00	(0.21)	0.35	(0.24)	0.94
SMSNX	0.19	0.03	0.10	0.45	0.00	(0.28)	0.43	(0.42)	1.00
SEDAX	0.25	0.04	0.11	0.59	0.15	(0.32)	0.60	(0.36)	1.56
HLDAX	0.32	0.02	0.03	0.20	0.28	(0.44)	0.67	(0.45)	1.78

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Iaadx Correlations

Iaadx Correlation With Market

Average diversification

Moving together with Iaadx Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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