Transamerica Small Correlations

RTSGX Fund

USD 5.91 0.18 3.14%

The current 90-days correlation between Transamerica Small Cap and Touchstone Ultra Short is -0.05 (i.e., Good diversification). The correlation of Transamerica Small 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 Small Correlation With Market

Good diversification

The correlation between Transamerica Small Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Transamerica Small Cap. 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 price.

Moving together with Transamerica Mutual Fund

0.87	ILLLX	Transamerica Capital Steady Growth	Pair Corr
0.93	TWMTX	Transamerica Growth	Pair Corr
0.63	TWQZX	Transamerica Large Cap	Pair Corr
0.63	TWQAX	Transamerica Large Cap	Pair Corr
0.7	TWQIX	Transamerica Large Cap	Pair Corr
0.73	TWQCX	Transamerica Large Cap	Pair Corr
0.95	IMCGX	Transamerica Mid Cap	Pair Corr
0.83	TFOIX	Transamerica Capital Steady Growth	Pair Corr
0.91	TGWFX	Transamerica Large Growth Steady Growth	Pair Corr
0.86	TGWTX	Transamerica Large Growth Steady Growth	Pair Corr
0.93	TGWRX	Transamerica Large Growth Steady Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.68	TEOIX	Transamerica Emerging	Pair Corr
0.67	TEOOX	Transamerica Emerging	Pair Corr
0.62	TEOJX	Transamerica Emerging	Pair Corr
0.58	EMTAX	Transamerica Emerging	Pair Corr
0.51	EMTIX	Transamerica Emerging Potential Growth	Pair Corr
0.49	EMTCX	Transamerica Emerging	Pair Corr
0.68	TFXIX	Transamerica Flexible	Pair Corr
0.61	THYIX	Transamerica High Yield	Pair Corr
0.6	THAYX	Transamerica High Yield	Pair Corr
0.5	THCYX	Transamerica High Yield	Pair Corr
0.71	TIHBX	Transamerica International	Pair Corr
0.69	TIHIX	Transamerica International	Pair Corr
0.66	TIOEX	Transamerica Funds	Pair Corr
0.66	TIOBX	Transamerica Funds	Pair Corr
0.65	RTIOX	Transamerica Inflation	Pair Corr
0.64	TIHJX	Transamerica International	Pair Corr

Related Correlations Analysis

	TSDCX	CMGUX	BDMKX	CDICX	VUBFX	FUEMX	SUSAX	TAAQX
TSDCX		0.99	0.93	0.94	0.96	0.99	0.97	0.95	TSDCX
CMGUX	0.99		0.93	0.93	0.95	0.99	0.97	0.95	CMGUX
BDMKX	0.93	0.93		0.93	0.95	0.95	0.92	0.92	BDMKX
CDICX	0.94	0.93	0.93		0.96	0.94	0.98	0.99	CDICX
VUBFX	0.96	0.95	0.95	0.96		0.95	0.96	0.97	VUBFX
FUEMX	0.99	0.99	0.95	0.94	0.95		0.96	0.94	FUEMX
SUSAX	0.97	0.97	0.92	0.98	0.96	0.96		0.99	SUSAX
TAAQX	0.95	0.95	0.92	0.99	0.97	0.94	0.99		TAAQX
	TSDCX	CMGUX	BDMKX	CDICX	VUBFX	FUEMX	SUSAX	TAAQX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Small 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 Small'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSDCX	0.05	0.01	0.37	(0.73)	(0.23)	0.11	(0.11)	0.66
CMGUX	0.04	0.01	0.00	(0.61)	0.00	0.11	0.00	0.54
BDMKX	0.08	0.01	0.26	(0.69)	(0.12)	0.11	(0.11)	0.44
CDICX	0.09	0.01	0.36	0.59	(0.12)	0.26	(0.19)	0.58
VUBFX	0.04	0.01	0.00	(1.34)	0.00	0.10	0.00	0.20
FUEMX	0.04	0.00	0.00	(0.28)	0.00	0.10	(0.10)	0.40
SUSAX	0.06	0.01	0.42	2.16	(0.18)	0.10	(0.10)	0.51
TAAQX	0.09	0.01	0.40	3.61	(0.15)	0.21	(0.10)	0.62

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