Transamerica Large Correlations

TAGDX Fund   13.12  0.05  0.38%   
The current 90-days correlation between Transamerica Large Growth and Transamerica Emerging Markets is 0.23 (i.e., Modest diversification). The correlation of Transamerica Large 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 Large Correlation With Market

Good diversification

The correlation between Transamerica Large Growth and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Large 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 Large 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 unemployment.

Moving together with Transamerica Mutual Fund

  0.75TWMTX Transamerica GrowthPairCorr
  0.78IMDRX Transamerica AssetPairCorr
  0.63IMGRX Transamerica AssetPairCorr
  0.82IMLAX Transamerica AssetPairCorr
  0.7IMLLX Transamerica AssetPairCorr
  0.68IMOAX Transamerica AssetPairCorr
  0.67IMOLX Transamerica AssetPairCorr
  0.98TGRHX Transamerica InternationalPairCorr
  0.98TGRFX Transamerica InternationalPairCorr
  0.98TGRGX Transamerica InternationalPairCorr
  0.73TGWFX Transamerica Large GrowthPairCorr
  0.96TGWTX Transamerica Large GrowthPairCorr
  0.68TGWRX Transamerica Large GrowthPairCorr

Moving against Transamerica Mutual Fund

  0.64TFLIX Transamerica FloatingPairCorr
  0.63TFLCX Transamerica FloatingPairCorr
  0.59TFLAX Transamerica FloatingPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TEOIXTEOJX
TEOOXTEOJX
TEOOXTEOIX
TWQAXTWQZX
TWQIXTWQZX
TWQCXTWQZX
  
High negative correlations   
TWMTXTEOIX
TWMTXTEOJX
TWMTXTEOOX
EMTIXTWMTX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Large 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 Large'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEOJX  0.65  0.00  0.14  0.00  0.71 
 1.35 
 3.67 
TEOIX  0.66  0.06  0.14 (4.50) 0.72 
 1.35 
 3.67 
TEOOX  0.63  0.06  0.14  1.04  0.67 
 1.29 
 3.30 
ILLLX  1.29 (0.02) 0.00 (0.10) 0.00 
 2.72 
 8.99 
TWMTX  1.01 (0.07) 0.00 (0.17) 0.00 
 1.67 
 5.36 
TWQZX  0.48 (0.04) 0.00 (0.15) 0.00 
 1.12 
 2.91 
TWQAX  0.48 (0.04) 0.00 (0.15) 0.00 
 1.13 
 2.94 
TWQIX  0.48 (0.04) 0.00 (0.15) 0.00 
 1.05 
 2.90 
TWQCX  0.48 (0.04) 0.00 (0.16) 0.00 
 1.07 
 2.96 
EMTIX  0.18  0.02  0.33  6.33  0.08 
 0.44 
 0.99