Transamerica Cleartrack Correlations
TCTQX Fund | USD 7.42 0.01 0.13% |
The current 90-days correlation between Transamerica Cleartrack and Global Technology Portfolio is 0.83 (i.e., Very poor diversification). The correlation of Transamerica Cleartrack 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 Cleartrack Correlation With Market
Very poor diversification
The correlation between Transamerica Cleartrack 2040 and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Cleartrack 2040 and DJI in the same portfolio, assuming nothing else is changed.
Transamerica |
Moving together with Transamerica Mutual Fund
0.76 | ILLLX | Transamerica Capital | PairCorr |
0.9 | TWQZX | Transamerica Large Cap | PairCorr |
0.88 | TWQAX | Transamerica Large Cap | PairCorr |
0.88 | TWQIX | Transamerica Large Cap | PairCorr |
0.9 | TWQCX | Transamerica Large Cap | PairCorr |
0.79 | IMDRX | Transamerica Asset | PairCorr |
0.67 | IMCGX | Transamerica Mid Cap | PairCorr |
0.75 | TFOIX | Transamerica Capital | PairCorr |
0.72 | IMGRX | Transamerica Asset | PairCorr |
0.76 | IMLAX | Transamerica Asset | PairCorr |
0.74 | IMLLX | Transamerica Asset | PairCorr |
0.78 | IMOAX | Transamerica Asset | PairCorr |
0.81 | IMOLX | Transamerica Asset | PairCorr |
0.72 | INCLX | Transamerica High Yield | PairCorr |
0.95 | TGRGX | Transamerica International | PairCorr |
0.71 | TGWTX | Transamerica Large Growth Steady Growth | PairCorr |
0.71 | TGWRX | Transamerica Large Growth Steady Growth | PairCorr |
Related Correlations Analysis
0.92 | 0.99 | 0.1 | 0.94 | 0.98 | 0.97 | JGLTX | ||
0.92 | 0.92 | 0.09 | 0.87 | 0.92 | 0.89 | JNGTX | ||
0.99 | 0.92 | 0.1 | 0.94 | 0.98 | 0.97 | USTCX | ||
0.1 | 0.09 | 0.1 | 0.15 | 0.08 | 0.13 | FRBRX | ||
0.94 | 0.87 | 0.94 | 0.15 | 0.97 | 0.98 | WFSTX | ||
0.98 | 0.92 | 0.98 | 0.08 | 0.97 | 0.99 | GITAX | ||
0.97 | 0.89 | 0.97 | 0.13 | 0.98 | 0.99 | DTEYX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Transamerica Mutual Fund performing well and Transamerica Cleartrack 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 Cleartrack'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JGLTX | 1.19 | (0.09) | 0.00 | (0.09) | 0.00 | 1.98 | 6.39 | |||
JNGTX | 1.20 | (0.11) | 0.00 | 0.39 | 0.00 | 2.00 | 6.41 | |||
USTCX | 1.35 | (0.14) | 0.00 | (0.11) | 0.00 | 2.71 | 7.33 | |||
FRBRX | 1.10 | (0.14) | 0.00 | (0.18) | 0.00 | 2.24 | 7.79 | |||
WFSTX | 0.90 | (0.06) | 0.00 | (0.06) | 0.00 | 1.81 | 4.93 | |||
GITAX | 1.19 | (0.07) | 0.00 | (0.06) | 0.00 | 2.19 | 7.57 | |||
DTEYX | 1.39 | (0.09) | 0.00 | (0.07) | 0.00 | 2.50 | 7.35 |