Transamerica Capital Correlations

TFOIX Fund

USD 39.90 0.43 1.09%

The correlation of Transamerica Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Transamerica Capital Growth and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Capital 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 Capital 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 gross domestic product.

Moving together with Transamerica Mutual Fund

0.95	ILLLX	Transamerica Capital	Pair Corr
0.78	TWQAX	Transamerica Large Cap	Pair Corr
0.78	TWQIX	Transamerica Large Cap	Pair Corr
0.79	TWQCX	Transamerica Large Cap	Pair Corr
0.7	IMGRX	Transamerica Asset	Pair Corr
0.75	IMLLX	Transamerica Asset	Pair Corr
0.64	IMOLX	Transamerica Asset	Pair Corr
0.66	TGRFX	Transamerica International	Pair Corr
0.66	TGRGX	Transamerica International	Pair Corr
0.94	TGWFX	Transamerica Large Growth Steady Growth	Pair Corr
0.88	ASGTX	Transamerica Small Cap	Pair Corr
0.89	IAAAX	Transamerica Asset	Pair Corr
0.89	TLATX	Transamerica Large Core	Pair Corr
0.95	IALAX	Transamerica Capital	Pair Corr
0.73	TLOFX	Transamerica Large Value	Pair Corr

Moving against Transamerica Mutual Fund

0.39	TFXIX	Transamerica Flexible	Pair Corr
0.37	TIHBX	Transamerica International Potential Growth	Pair Corr
0.34	TIHJX	Transamerica International Potential Growth	Pair Corr
0.34	TIODX	Transamerica Funds	Pair Corr
0.31	TIOCX	Transamerica Inflation	Pair Corr

Related Correlations Analysis

	UIGSX	FHNFX	CGTAX	CGTCX	TUIXX	FCSCX
UIGSX		0.77	0.78	1.0	0.25	0.95	UIGSX
FHNFX	0.77		1.0	0.76	-0.21	0.65	FHNFX
CGTAX	0.78	1.0		0.77	-0.21	0.65	CGTAX
CGTCX	1.0	0.76	0.77		0.25	0.95	CGTCX
TUIXX	0.25	-0.21	-0.21	0.25		0.35	TUIXX
FCSCX	0.95	0.65	0.65	0.95	0.35		FCSCX
	UIGSX	FHNFX	CGTAX	CGTCX	TUIXX	FCSCX

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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

CGTCX	+ 1.0	UIGSX
CGTAX	+ 1.0	FHNFX
FCSCX	+ 0.95	UIGSX
FCSCX	+ 0.95	CGTCX
CGTAX	+ 0.78	UIGSX
FHNFX	+ 0.77	UIGSX

High negative correlations

TUIXX	- 0.21	CGTAX
TUIXX	- 0.21	FHNFX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Capital 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 Capital'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
UIGSX	0.20	0.02	0.10	3.81	0.08	(0.26)	0.46	(0.35)	1.04
FHNFX	0.23	0.03	0.10	(0.52)	0.17	(0.26)	0.55	(0.43)	1.31
CGTAX	0.25	0.04	0.12	(0.38)	0.16	(0.33)	0.60	(0.42)	1.55
CGTCX	0.24	0.03	0.09	0.89	0.20	(0.29)	0.61	(0.43)	1.56
TUIXX	0.03	0.01	0.00	0.52	0.00	0.00	0.00	0.00	1.01
FCSCX	0.06	0.01	0.10	0.90	0.00	(0.18)	0.13	(0.13)	0.66

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