Transamerica Financial Correlations

IAAEX Fund

USD 10.89 0.07 0.65%

The current 90-days correlation between Transamerica Financial and Federated Hermes Conservative is 0.11 (i.e., Average diversification). The correlation of Transamerica Financial 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 Financial Correlation With Market

Good diversification

The correlation between Transamerica Financial Life and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Financial Life 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 Financial Life. 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 income.

Moving together with Transamerica Mutual Fund

0.73	TGRHX	Transamerica International	Pair Corr
0.73	TGRFX	Transamerica International	Pair Corr
0.73	TGRGX	Transamerica International	Pair Corr
0.66	TGWRX	Transamerica Large Growth Steady Growth	Pair Corr

Related Correlations Analysis

	FHCOX	HIIDX	TIICX	PGFCX	MDBLX	SRDAX	VYRPX
FHCOX		0.87	0.59	0.62	0.88	-0.22	0.54	FHCOX
HIIDX	0.87		0.75	0.76	0.89	-0.22	0.69	HIIDX
TIICX	0.59	0.75		0.96	0.63	-0.03	0.94	TIICX
PGFCX	0.62	0.76	0.96		0.71	-0.15	0.98	PGFCX
MDBLX	0.88	0.89	0.63	0.71		-0.38	0.63	MDBLX
SRDAX	-0.22	-0.22	-0.03	-0.15	-0.38		-0.09	SRDAX
VYRPX	0.54	0.69	0.94	0.98	0.63	-0.09		VYRPX
	FHCOX	HIIDX	TIICX	PGFCX	MDBLX	SRDAX	VYRPX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VYRPX	+ 0.98	PGFCX
PGFCX	+ 0.96	TIICX
VYRPX	+ 0.94	TIICX
MDBLX	+ 0.89	HIIDX
MDBLX	+ 0.88	FHCOX
HIIDX	+ 0.87	FHCOX

High negative correlations

SRDAX	- 0.38	MDBLX
SRDAX	- 0.22	HIIDX
SRDAX	- 0.22	FHCOX
SRDAX	- 0.15	PGFCX
VYRPX	- 0.09	SRDAX
SRDAX	- 0.03	TIICX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Financial 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 Financial'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
FHCOX	0.05	0.01	0.00	(0.43)	0.00	0.00	0.10	(0.10)	0.51
HIIDX	0.59	0.10	0.12	0.16	0.66	(0.63)	1.27	(0.88)	5.23
TIICX	0.37	0.01	0.02	(0.05)	0.42	(0.46)	0.78	(0.68)	1.57
PGFCX	0.29	0.00	0.00	0.03	0.38	(0.34)	0.67	(0.48)	1.75
MDBLX	0.22	0.02	0.09	0.34	0.14	(0.30)	0.50	(0.37)	1.38
SRDAX	0.16	0.00	0.05	0.00	0.11	(0.20)	0.29	(0.37)	0.76
VYRPX	0.20	(0.01)	(0.01)	0.07	0.26	(0.26)	0.48	(0.38)	1.17

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