Transamerica Capital Correlations

ILLLX Fund

USD 23.28 0.99 4.08%

The current 90-days correlation between Transamerica Capital and Transamerica Capital Growth is 1.0 (i.e., No risk reduction). The correlation of Transamerica Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Transamerica Capital Growth and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Capital Growth 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 Capital Growth. 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

0.77	TWQAX	Transamerica Large Cap	Pair Corr
0.77	TWQIX	Transamerica Large Cap	Pair Corr
0.79	TWQCX	Transamerica Large Cap	Pair Corr
0.95	IMCGX	Transamerica Mid Cap	Pair Corr
0.95	TFOIX	Transamerica Capital	Pair Corr
0.68	IMGRX	Transamerica Asset	Pair Corr
0.71	IMLLX	Transamerica Asset	Pair Corr
0.63	IMOLX	Transamerica Asset	Pair Corr
0.79	TGWFX	Transamerica Large Growth Steady Growth	Pair Corr
0.75	ASGTX	Transamerica Small Cap	Pair Corr
0.86	IAAAX	Transamerica Asset	Pair Corr

Moving against Transamerica Mutual Fund

0.43	TFXIX	Transamerica Flexible	Pair Corr
0.37	TEOJX	Transamerica Emerging	Pair Corr
0.42	TIHBX	Transamerica International Potential Growth	Pair Corr
0.39	TIHJX	Transamerica International Potential Growth	Pair Corr
0.35	TIOBX	Transamerica Funds	Pair Corr
0.34	TIODX	Transamerica Funds	Pair Corr
0.34	TIOAX	Transamerica Inflation	Pair Corr
0.33	TIOEX	Transamerica Funds	Pair Corr
0.32	TIOCX	Transamerica Inflation	Pair Corr

Related Correlations Analysis

	IALAX	SCATX	TFOIX	INPSX	LDVAX
IALAX		0.9	0.95	0.94	0.98	IALAX
SCATX	0.9		0.85	0.88	0.85	SCATX
TFOIX	0.95	0.85		0.98	0.94	TFOIX
INPSX	0.94	0.88	0.98		0.93	INPSX
LDVAX	0.98	0.85	0.94	0.93		LDVAX
	IALAX	SCATX	TFOIX	INPSX	LDVAX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Capital 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 Capital'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IALAX	1.69	(0.10)	(0.07)	3.14	(3.21)	9.86
SCATX	1.53	(0.18)	(0.12)	3.18	(3.32)	8.69
TFOIX	1.72	(0.14)	(8.16)	3.15	(3.21)	9.86
INPSX	1.75	(0.17)	0.82	2.82	(4.53)	9.56
LDVAX	1.71	(0.06)	(0.03)	3.04	(3.98)	10.07

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