Transamerica Funds Correlations

TFGXX Fund

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The correlation of Transamerica Funds 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Funds . Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	AHYMX	DIHRX	BXHCX	AQRRX	PBHAX	FYAIX
AHYMX		0.82	0.89	0.69	0.9	0.78	AHYMX
DIHRX	0.82		0.8	0.75	0.87	0.79	DIHRX
BXHCX	0.89	0.8		0.87	0.96	0.94	BXHCX
AQRRX	0.69	0.75	0.87		0.82	0.9	AQRRX
PBHAX	0.9	0.87	0.96	0.82		0.91	PBHAX
FYAIX	0.78	0.79	0.94	0.9	0.91		FYAIX
	AHYMX	DIHRX	BXHCX	AQRRX	PBHAX	FYAIX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Money Market Fund performing well and Transamerica Funds Money Market 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 Funds' 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
AHYMX	0.12	0.00	0.29	(0.08)	0.13	(0.18)	0.22	(0.33)	0.76
DIHRX	0.60	0.10	0.16	0.13	0.68	(0.69)	1.51	(1.19)	3.80
BXHCX	0.13	0.00	0.26	(0.03)	0.14	(0.19)	0.37	(0.37)	1.00
AQRRX	0.49	0.05	0.13	0.06	0.63	(0.53)	1.02	(1.08)	3.50
PBHAX	0.16	0.02	0.30	0.16	0.04	(0.30)	0.41	(0.21)	1.26
FYAIX	0.23	0.01	0.21	0.00	0.30	(0.23)	0.43	(0.40)	1.44

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Transamerica Funds Correlations

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