Transamerica Emerging Correlations

TEOIX Fund

USD 8.59 0.04 0.46%

The current 90-days correlation between Transamerica Emerging and Mirova Global Green is 0.04 (i.e., Significant 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

Significant diversification

The correlation between Transamerica Emerging Markets and DJI is 0.03 (i.e., Significant 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 gross domestic product.

Moving together with Transamerica Mutual Fund

0.83	TEOJX	Transamerica Emerging	Pair Corr
0.99	TEOOX	Transamerica Emerging	Pair Corr
0.75	EMTIX	Transamerica Emerging Potential Growth	Pair Corr
0.76	EMTCX	Transamerica Emerging	Pair Corr
0.82	TFXIX	Transamerica Flexible	Pair Corr
0.61	THCYX	Transamerica High Yield	Pair Corr
0.63	THYIX	Transamerica High Yield	Pair Corr
0.63	THYTX	Transamerica High Yield	Pair Corr
0.76	TIHIX	Transamerica International	Pair Corr
0.86	TIHBX	Transamerica International	Pair Corr
0.93	TIHJX	Transamerica International	Pair Corr
0.91	TIHAX	Transamerica International	Pair Corr
0.77	TIODX	Transamerica Funds	Pair Corr

Moving against Transamerica Mutual Fund

0.59	TWMTX	Transamerica Growth	Pair Corr
0.58	IMCGX	Transamerica Mid Cap	Pair Corr
0.52	TGWRX	Transamerica Large Growth	Pair Corr
0.46	TGWFX	Transamerica Large Growth	Pair Corr
0.46	TGWTX	Transamerica Large Growth	Pair Corr
0.38	ILLLX	Transamerica Capital	Pair Corr
0.72	RTSGX	Transamerica Small Cap	Pair Corr
0.68	ASGTX	Transamerica Small Cap	Pair Corr
0.53	TLARX	Transamerica Large Core	Pair Corr
0.51	TLATX	Transamerica Large Core	Pair Corr
0.37	IALAX	Transamerica Capital Steady Growth	Pair Corr

Related Correlations Analysis

	MGGNX	CABIX	GMLVX	TACLX	TAAKX	BXFIX
MGGNX		0.71	0.39	0.64	0.42	0.35	MGGNX
CABIX	0.71		0.65	0.93	0.75	0.61	CABIX
GMLVX	0.39	0.65		0.55	0.21	0.39	GMLVX
TACLX	0.64	0.93	0.55		0.72	0.61	TACLX
TAAKX	0.42	0.75	0.21	0.72		0.3	TAAKX
BXFIX	0.35	0.61	0.39	0.61	0.3		BXFIX
	MGGNX	CABIX	GMLVX	TACLX	TAAKX	BXFIX

Click cells to compare fundamentals

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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
MGGNX	0.20	(0.01)	0.00	(0.30)	0.00	0.00	0.35	(0.35)	1.96
CABIX	0.36	0.03	0.10	0.04	0.38	(0.38)	0.73	(0.77)	2.58
GMLVX	0.70	0.06	0.07	0.10	0.88	(0.75)	1.57	(1.62)	5.51
TACLX	0.62	0.06	0.08	0.05	0.74	(0.63)	1.28	(1.14)	3.10
TAAKX	0.84	(0.07)	0.00	(0.09)	0.00	0.00	1.55	(1.66)	5.03
BXFIX	0.08	(0.01)	0.16	0.15	0.02	(0.28)	0.23	(0.12)	0.93

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