Transamerica Emerging Correlations

TAEDX Fund

USD 9.33 0.05 0.53%

The current 90-days correlation between Transamerica Emerging and Transamerica Intermediate Muni is 0.46 (i.e., Very weak diversification). The correlation of Transamerica Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Transamerica Emerging Markets and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Emerging Markets 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 Emerging Markets. 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 unemployment.

Moving together with Transamerica Mutual Fund

1.0	EMTIX	Transamerica Emerging	Pair Corr
0.94	EMTCX	Transamerica Emerging	Pair Corr
1.0	EMTAX	Transamerica Emerging	Pair Corr
0.88	TFXIX	Transamerica Flexible	Pair Corr
0.87	TGRHX	Transamerica International	Pair Corr
0.87	TGRFX	Transamerica International	Pair Corr
0.84	TIHJX	Transamerica International	Pair Corr
0.84	TIHAX	Transamerica International	Pair Corr
0.87	TIOCX	Transamerica Inflation	Pair Corr
0.66	TIMTX	Transamerica Intermediate	Pair Corr
0.87	TISVX	Transamerica International	Pair Corr
0.87	IAADX	Iaadx	Pair Corr

Moving against Transamerica Mutual Fund

0.64	TFLAX	Transamerica Floating	Pair Corr
0.64	TFLIX	Transamerica Floating	Pair Corr
0.62	TFLCX	Transamerica Floating	Pair Corr
0.49	TWQIX	Transamerica Large Cap	Pair Corr
0.48	TWQZX	Transamerica Large Cap	Pair Corr
0.47	TWQAX	Transamerica Large Cap	Pair Corr
0.47	TWQCX	Transamerica Large Cap	Pair Corr
0.37	TFOIX	Transamerica Capital	Pair Corr
0.35	ILLLX	Transamerica Capital	Pair Corr
0.37	TGWRX	Transamerica Large Growth	Pair Corr
0.36	TGWFX	Transamerica Large Growth	Pair Corr
0.36	TGWTX	Transamerica Large Growth	Pair Corr

Related Correlations Analysis

	TIMTX	OWMBX	PATFX	MDMTX	FYMNX	PRINX	ABIMX	TMNIX
TIMTX		0.86	0.85	0.92	0.9	0.92	0.91	0.88	TIMTX
OWMBX	0.86		0.94	0.94	0.83	0.92	0.95	0.95	OWMBX
PATFX	0.85	0.94		0.93	0.87	0.96	0.97	0.98	PATFX
MDMTX	0.92	0.94	0.93		0.92	0.96	0.98	0.95	MDMTX
FYMNX	0.9	0.83	0.87	0.92		0.97	0.94	0.9	FYMNX
PRINX	0.92	0.92	0.96	0.96	0.97		0.99	0.97	PRINX
ABIMX	0.91	0.95	0.97	0.98	0.94	0.99		0.98	ABIMX
TMNIX	0.88	0.95	0.98	0.95	0.9	0.97	0.98		TMNIX
	TIMTX	OWMBX	PATFX	MDMTX	FYMNX	PRINX	ABIMX	TMNIX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Emerging 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 Emerging'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
TIMTX	0.16	(0.01)	0.00	0.15	0.00	0.00	0.37	(0.37)	1.40
OWMBX	0.12	(0.02)	0.00	(0.35)	0.00	0.00	0.26	(0.34)	0.87
PATFX	0.16	(0.02)	0.00	(0.25)	0.00	0.00	0.44	(0.44)	1.69
MDMTX	0.18	(0.03)	0.00	(0.36)	0.00	0.00	0.38	(0.56)	1.42
FYMNX	0.14	(0.01)	(0.25)	(0.10)	0.22	(0.21)	0.37	(0.37)	1.40
PRINX	0.17	(0.02)	0.00	(0.21)	0.00	0.00	0.44	(0.44)	1.59
ABIMX	0.19	(0.03)	0.00	(0.25)	0.00	0.00	0.40	(0.50)	1.73
TMNIX	0.15	(0.02)	0.00	(0.13)	0.00	0.00	0.37	(0.36)	1.65

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