Transamerica Large Correlations

TAGDX Fund   12.90  0.42  3.37%   
The current 90-days correlation between Transamerica Large Growth and Transamerica Emerging Markets is -0.1 (i.e., Good 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

Weak diversification

The correlation between Transamerica Large Growth and DJI is 0.31 (i.e., Weak 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

  0.75ILLLX Transamerica Capital Steady GrowthPairCorr
  0.82IMCGX Transamerica Mid CapPairCorr
  0.73TFOIX Transamerica Capital Steady GrowthPairCorr
  0.74IMGRX Transamerica AssetPairCorr
  0.76IMLLX Transamerica AssetPairCorr
  0.62IMOAX Transamerica AssetPairCorr
  0.66IMOLX Transamerica AssetPairCorr
  0.82TGRFX Transamerica InternationalPairCorr
  0.82TGRGX Transamerica InternationalPairCorr
  1.0TGWFX Transamerica Large GrowthPairCorr
  0.96ASGTX Transamerica Small CapPairCorr
  0.81IAAAX Transamerica AssetPairCorr
  0.71IAAEX Transamerica FinancialPairCorr

Moving against Transamerica Mutual Fund

  0.47TFXIX Transamerica FlexiblePairCorr
  0.41TEOJX Transamerica EmergingPairCorr
  0.37EMTIX Transamerica EmergingPairCorr
  0.33EMTCX Transamerica EmergingPairCorr
  0.32TFLAX Transamerica FloatingPairCorr
  0.31TFLIX Transamerica FloatingPairCorr
  0.46TIODX Transamerica FundsPairCorr
  0.45TIOEX Transamerica FundsPairCorr
  0.45TIOBX Transamerica FundsPairCorr
  0.45TIOAX Transamerica InflationPairCorr
  0.44TIOCX Transamerica InflationPairCorr
  0.4TIHJX Transamerica InternationalPairCorr
  0.39TIHBX Transamerica InternationalPairCorr
  0.38TISVX Transamerica InternationalPairCorr
  0.34THYIX Transamerica High YieldPairCorr
  0.34THYTX Transamerica High YieldPairCorr
  0.34IAADX Iaadx Potential GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
TWQAXTWQZX
TWQIXTWQZX
TWQCXTWQZX
TWQIXTWQAX
TWQCXTWQAX
  
High negative correlations   
TWMTXTEOIX
TWMTXTEOJX
TWMTXTEOOX
EMTIXTWMTX
ILLLXTEOIX
ILLLXTEOJX

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  0.78  0.08  0.11  1.85  0.92 
 1.54 
 5.83 
TEOIX  0.79  0.08  0.11  2.03  0.92 
 1.54 
 5.71 
TEOOX  0.77  0.09  0.11  0.43  0.85 
 1.53 
 6.16 
ILLLX  1.71 (0.10) 0.00 (0.11) 0.00 
 3.17 
 9.93 
TWMTX  1.18 (0.17) 0.00 (0.21) 0.00 
 2.07 
 6.37 
TWQZX  0.67 (0.01) 0.00 (0.06) 0.00 
 1.36 
 3.68 
TWQAX  0.66 (0.01) 0.00 (0.06) 0.00 
 1.38 
 3.64 
TWQIX  0.66 (0.01) 0.00 (0.06) 0.00 
 1.36 
 3.66 
TWQCX  0.67 (0.01) 0.00 (0.06) 0.00 
 1.32 
 3.74 
EMTIX  0.21 (0.02) 0.00  0.88  0.00 
 0.44 
 0.99