Transamerica Small/mid Correlations

TASMX Fund

USD 27.40 0.05 0.18%

The current 90-days correlation between Transamerica Smallmid Cap and Transamerica Emerging Markets is 0.2 (i.e., Modest diversification). The correlation of Transamerica Small/mid 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/mid Correlation With Market

Good diversification

The correlation between Transamerica Smallmid Cap 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 Smallmid Cap 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 Smallmid 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 population.

Moving together with Transamerica Mutual Fund

0.7	TWMTX	Transamerica Growth	Pair Corr
0.62	IMCGX	Transamerica Mid Cap	Pair Corr
0.62	IMLAX	Transamerica Asset	Pair Corr
0.84	TGWTX	Transamerica Large Growth Steady Growth	Pair Corr
0.85	TGWRX	Transamerica Large Growth Steady Growth	Pair Corr
0.84	RTSGX	Transamerica Small Cap	Pair Corr

Moving against Transamerica Mutual Fund

0.46	TFXIX	Transamerica Flexible	Pair Corr
0.45	TFLAX	Transamerica Floating	Pair Corr
0.41	TEOOX	Transamerica Emerging	Pair Corr
0.37	EMTAX	Transamerica Emerging	Pair Corr
0.36	EMTCX	Transamerica Emerging	Pair Corr
0.47	TIOBX	Transamerica Funds	Pair Corr
0.46	TIOEX	Transamerica Funds	Pair Corr
0.46	TIOAX	Transamerica Inflation	Pair Corr
0.46	RTIOX	Transamerica Inflation	Pair Corr
0.43	THAYX	Transamerica High Yield	Pair Corr
0.42	THYIX	Transamerica High Yield	Pair Corr
0.39	THCYX	Transamerica High Yield	Pair Corr
0.37	TIHIX	Transamerica International	Pair Corr
0.34	TIHAX	Transamerica International	Pair Corr

Related Correlations Analysis

	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX
TEOJX		1.0	0.78	-0.35	-0.36	-0.1	-0.12	-0.11	-0.12	0.67	TEOJX
TEOIX	1.0		0.77	-0.35	-0.36	-0.1	-0.12	-0.11	-0.12	0.66	TEOIX
TEOOX	0.78	0.77		-0.32	-0.6	-0.04	-0.13	-0.12	-0.07	0.66	TEOOX
ILLLX	-0.35	-0.35	-0.32		0.72	0.75	0.8	0.8	0.76	-0.16	ILLLX
TWMTX	-0.36	-0.36	-0.6	0.72		0.57	0.56	0.56	0.6	-0.4	TWMTX
TWQZX	-0.1	-0.1	-0.04	0.75	0.57		0.92	0.92	1.0	0.27	TWQZX
TWQAX	-0.12	-0.12	-0.13	0.8	0.56	0.92		1.0	0.92	0.19	TWQAX
TWQIX	-0.11	-0.11	-0.12	0.8	0.56	0.92	1.0		0.92	0.19	TWQIX
TWQCX	-0.12	-0.12	-0.07	0.76	0.6	1.0	0.92	0.92		0.23	TWQCX
EMTIX	0.67	0.66	0.66	-0.16	-0.4	0.27	0.19	0.19	0.23		EMTIX
	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX

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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

TEOIX	+ 1.0	TEOJX
TWQCX	+ 1.0	TWQZX
TWQIX	+ 1.0	TWQAX
TWQAX	+ 0.92	TWQZX
TWQIX	+ 0.92	TWQZX
TWQCX	+ 0.92	TWQAX

High negative correlations

TWMTX	- 0.6	TEOOX
EMTIX	- 0.4	TWMTX
TWMTX	- 0.36	TEOIX
TWMTX	- 0.36	TEOJX
ILLLX	- 0.35	TEOIX
ILLLX	- 0.35	TEOJX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Small/mid 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/mid'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
TEOJX	0.80	0.11	0.10	1.79	0.90	(0.90)	1.54	(1.53)	5.83
TEOIX	0.81	0.11	0.11	1.84	0.90	(0.91)	1.54	(1.53)	5.71
TEOOX	0.77	0.09	0.09	(0.52)	0.86	(0.89)	1.53	(1.48)	6.16
ILLLX	1.75	(0.14)	0.00	(0.10)	0.00	0.00	3.17	(3.19)	9.93
TWMTX	1.19	(0.20)	0.00	0.77	0.00	0.00	2.07	(3.06)	6.37
TWQZX	0.66	(0.03)	0.00	0.17	0.00	0.00	1.36	(1.38)	3.68
TWQAX	0.60	0.00	0.00	0.00	0.75	(0.67)	1.38	(1.13)	3.64
TWQIX	0.60	0.00	0.01	0.00	0.72	(0.72)	1.36	(1.14)	3.66
TWQCX	0.66	(0.03)	0.00	0.19	0.00	0.00	1.32	(1.47)	3.74
EMTIX	0.20	0.00	0.01	(0.08)	0.35	(0.25)	0.44	(0.32)	2.61

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