Transamerica Multi Correlations

IBALX Fund

USD 32.96 0.32 0.96%

The current 90-days correlation between Transamerica Multi and Transamerica Capital Growth is -0.22 (i.e., Very good diversification). The correlation of Transamerica Multi 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 Multi Correlation With Market

Poor diversification

The correlation between Transamerica Multi Managed Bal 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 Multi Managed Bal 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 Multi Managed Balanced. 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 bureau of economic analysis.

Moving together with Transamerica Mutual Fund

0.92	ILLLX	Transamerica Capital	Pair Corr
0.8	TWMTX	Transamerica Growth	Pair Corr
0.86	TWQZX	Transamerica Large Cap	Pair Corr
0.86	TWQAX	Transamerica Large Cap	Pair Corr
0.86	TWQIX	Transamerica Large Cap	Pair Corr
0.81	TWQCX	Transamerica Large Cap	Pair Corr
0.62	TFLAX	Transamerica Floating	Pair Corr
0.71	TFLCX	Transamerica Floating	Pair Corr
0.73	IMCGX	Transamerica Mid Cap	Pair Corr
0.92	TFOIX	Transamerica Capital	Pair Corr
0.64	IMGRX	Transamerica Asset	Pair Corr
0.63	IMLAX	Transamerica Asset	Pair Corr
0.7	IMOAX	Transamerica Asset	Pair Corr
0.75	IMOLX	Transamerica Asset	Pair Corr
0.7	INCLX	Transamerica High Yield	Pair Corr
0.7	TGRHX	Transamerica International	Pair Corr
0.69	TGRFX	Transamerica International	Pair Corr
0.72	TGRGX	Transamerica International	Pair Corr
0.83	TGWFX	Transamerica Large Growth	Pair Corr
0.83	TGWTX	Transamerica Large Growth	Pair Corr
0.83	TGWRX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.34	TEOOX	Transamerica Emerging	Pair Corr
0.31	TEOIX	Transamerica Emerging	Pair Corr

Related Correlations Analysis

	IALAX	IDITX	IHIYX	IIVAX	IAGAX
IALAX		-0.52	0.46	0.78	0.94	IALAX
IDITX	-0.52		0.3	-0.55	-0.38	IDITX
IHIYX	0.46	0.3		0.4	0.58	IHIYX
IIVAX	0.78	-0.55	0.4		0.83	IIVAX
IAGAX	0.94	-0.38	0.58	0.83		IAGAX
	IALAX	IDITX	IHIYX	IIVAX	IAGAX

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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

IAGAX	+ 0.94	IALAX
IAGAX	+ 0.83	IIVAX
IIVAX	+ 0.78	IALAX
IAGAX	+ 0.58	IHIYX
IHIYX	+ 0.46	IALAX
IIVAX	+ 0.4	IHIYX

High negative correlations

IIVAX	- 0.55	IDITX
IDITX	- 0.52	IALAX
IAGAX	- 0.38	IDITX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Multi 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 Multi'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
IALAX	1.74	(0.18)	0.00	0.41	0.00	0.00	3.14	(3.51)	9.86
IDITX	0.23	0.03	0.31	0.61	0.08	(0.33)	0.50	(0.38)	1.27
IHIYX	0.16	0.00	0.20	(0.19)	0.16	(0.22)	0.37	(0.37)	1.01
IIVAX	0.69	0.00	0.00	(0.06)	0.00	0.00	1.35	(1.36)	2.98
IAGAX	0.58	0.02	0.00	(0.03)	0.00	0.00	1.07	(1.31)	3.45

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