Transamerica Asset Correlations

IMDRX Fund

USD 11.71 0.10 0.85%

The current 90-days correlation between Transamerica Asset and Invesco Global Health is 0.15 (i.e., Average 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

Modest diversification

The correlation between Transamerica Asset Allocation and DJI is 0.22 (i.e., Modest 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

0.67	TWMTX	Transamerica Growth	Pair Corr
0.63	TWQZX	Transamerica Large Cap	Pair Corr
0.64	TWQAX	Transamerica Large Cap	Pair Corr
0.64	TWQIX	Transamerica Large Cap	Pair Corr
0.66	TWQCX	Transamerica Large Cap	Pair Corr
0.69	IMCGX	Transamerica Mid Cap	Pair Corr
0.99	IMGRX	Transamerica Asset	Pair Corr
0.99	IMLAX	Transamerica Asset	Pair Corr
0.99	IMLLX	Transamerica Asset	Pair Corr
1.0	IMOAX	Transamerica Asset	Pair Corr
1.0	IMOLX	Transamerica Asset	Pair Corr
0.81	TGRHX	Transamerica International	Pair Corr
0.81	TGRFX	Transamerica International	Pair Corr
0.81	TGRGX	Transamerica International	Pair Corr
0.79	TGWFX	Transamerica Large Growth	Pair Corr
0.79	TGWTX	Transamerica Large Growth	Pair Corr
0.79	TGWRX	Transamerica Large Growth	Pair Corr
0.62	THCYX	Transamerica High Yield	Pair Corr

Moving against Transamerica Mutual Fund

0.53	TFLAX	Transamerica Floating	Pair Corr
0.48	TFLIX	Transamerica Floating	Pair Corr
0.48	TFLCX	Transamerica Floating	Pair Corr

Related Correlations Analysis

	GTHCX	ETHSX	HIAHX	PGHAX	HHCZX	SWHFX	XHQHX
GTHCX		0.81	0.79	0.9	0.36	0.96	0.45	GTHCX
ETHSX	0.81		0.9	0.88	0.49	0.82	0.59	ETHSX
HIAHX	0.79	0.9		0.8	0.69	0.76	0.82	HIAHX
PGHAX	0.9	0.88	0.8		0.29	0.94	0.5	PGHAX
HHCZX	0.36	0.49	0.69	0.29		0.26	0.77	HHCZX
SWHFX	0.96	0.82	0.76	0.94	0.26		0.43	SWHFX
XHQHX	0.45	0.59	0.82	0.5	0.77	0.43		XHQHX
	GTHCX	ETHSX	HIAHX	PGHAX	HHCZX	SWHFX	XHQHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
GTHCX	0.74	(0.11)	0.00	(0.18)	0.00	0.00	1.22	(1.28)	10.55
ETHSX	0.65	0.00	0.00	(0.03)	0.00	0.00	1.24	(1.09)	5.86
HIAHX	0.63	0.01	0.03	0.00	0.76	(0.73)	1.19	(1.35)	3.28
PGHAX	0.61	0.00	0.02	(0.02)	0.77	(0.65)	1.32	(1.10)	3.28
HHCZX	0.14	(0.01)	0.00	(0.14)	0.00	0.00	0.30	(0.30)	0.91
SWHFX	0.68	(0.04)	0.00	(0.06)	0.00	0.00	1.25	(1.11)	8.52
XHQHX	0.82	0.04	0.04	0.04	1.11	(0.88)	1.64	(1.57)	5.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC