Transamerica Asset Correlations

IMDRX Fund

USD 11.61 0.09 0.77%

The current 90-days correlation between Transamerica Asset and Saat Moderate Strategy is 0.4 (i.e., Very weak 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

Very weak diversification

The correlation between Transamerica Asset Allocation and DJI is 0.45 (i.e., Very weak 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 metropolitan statistical area.

Moving together with Transamerica Mutual Fund

0.61	TFOIX	Transamerica Capital	Pair Corr
0.96	IMGRX	Transamerica Asset	Pair Corr
0.97	IMLAX	Transamerica Asset	Pair Corr
0.96	IMLLX	Transamerica Asset	Pair Corr
1.0	IMOAX	Transamerica Asset	Pair Corr
1.0	IMOLX	Transamerica Asset	Pair Corr

Related Correlations Analysis

	SXMAX	MRMTX	TBLVX	PGFCX	FHRVX	BTRIX	SMSDX
SXMAX		0.96	0.84	0.89	0.88	0.63	0.87	SXMAX
MRMTX	0.96		0.88	0.9	0.87	0.58	0.82	MRMTX
TBLVX	0.84	0.88		0.91	0.86	0.42	0.75	TBLVX
PGFCX	0.89	0.9	0.91		0.97	0.74	0.93	PGFCX
FHRVX	0.88	0.87	0.86	0.97		0.82	0.98	FHRVX
BTRIX	0.63	0.58	0.42	0.74	0.82		0.89	BTRIX
SMSDX	0.87	0.82	0.75	0.93	0.98	0.89		SMSDX
	SXMAX	MRMTX	TBLVX	PGFCX	FHRVX	BTRIX	SMSDX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SXMAX	0.39	0.04	0.08	0.07	0.40	(0.43)	0.76	(0.75)	1.93
MRMTX	0.31	0.01	0.02	0.02	0.33	(0.35)	0.68	(0.57)	1.84
TBLVX	0.41	(0.01)	(0.01)	0.04	0.59	(0.39)	0.79	(0.88)	2.39
PGFCX	0.29	0.00	0.00	0.03	0.38	(0.34)	0.67	(0.48)	1.75
FHRVX	0.29	0.01	0.03	(0.08)	0.37	(0.29)	0.56	(0.61)	1.71
BTRIX	0.20	0.00	0.03	(0.08)	0.19	(0.26)	0.44	(0.44)	1.22
SMSDX	0.22	0.02	0.06	(0.22)	0.26	(0.26)	0.43	(0.51)	1.30

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Transamerica Asset Correlations

Transamerica Asset Correlation With Market

Very weak diversification

Moving together with Transamerica Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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