Transamerica Capital Correlations

TAAEX Fund

36.37 1.32 3.50%

The current 90-days correlation between Transamerica Capital and Needham Aggressive Growth is 0.17 (i.e., Average diversification). 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

Good diversification

The correlation between Transamerica Capital Growth and DJI is -0.01 (i.e., Good 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 World Market Map 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 income.

Moving together with Transamerica Mutual Fund

0.86	AGTHX	Growth Fund	Pair Corr
0.68	KMKYX	Kinetics Market Oppo	Pair Corr
0.77	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Transamerica Mutual Fund

0.36	SMPIX	Semiconductor Ultrasector	Pair Corr
0.34	SMPSX	Semiconductor Ultrasector	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.59	KO	Coca Cola Sell-off Trend	Pair Corr
0.57	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.56	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.47	MRK	Merck Company Sell-off Trend	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.4	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	NEAIX	FLOKX	MAHIX	PHDTX	AGTFX	LBETX	TAHFX
NEAIX		0.73	0.77	0.8	0.4	0.84	0.68	NEAIX
FLOKX	0.73		0.72	0.65	0.8	0.75	0.72	FLOKX
MAHIX	0.77	0.72		0.89	0.57	0.87	0.88	MAHIX
PHDTX	0.8	0.65	0.89		0.41	0.88	0.92	PHDTX
AGTFX	0.4	0.8	0.57	0.41		0.52	0.59	AGTFX
LBETX	0.84	0.75	0.87	0.88	0.52		0.81	LBETX
TAHFX	0.68	0.72	0.88	0.92	0.59	0.81		TAHFX
	NEAIX	FLOKX	MAHIX	PHDTX	AGTFX	LBETX	TAHFX

Click cells to compare fundamentals

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NEAIX	1.03	0.01	0.01	0.05	1.20	(1.18)	2.16	(1.59)	8.12
FLOKX	0.49	(0.04)	0.00	(0.20)	0.00	0.00	0.92	(1.05)	3.93
MAHIX	0.09	(0.01)	(0.07)	(0.12)	0.14	(0.11)	0.10	(0.20)	0.90
PHDTX	0.10	0.00	(0.08)	(1.00)	0.13	(0.12)	0.11	(0.22)	0.78
AGTFX	0.51	(0.04)	0.00	(0.21)	0.00	0.00	0.98	(0.88)	4.36
LBETX	0.23	0.00	(0.02)	0.07	0.31	(0.25)	0.44	(0.52)	2.01
TAHFX	0.10	(0.01)	0.00	(1.05)	0.00	0.00	0.24	(0.24)	0.97

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