Transamerica International Correlations

TGRGX Fund

USD 6.72 0.16 2.33%

The current 90-days correlation between Transamerica International and Principal Lifetime Hybrid is -0.1 (i.e., Good diversification). The correlation of Transamerica International 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 International Correlation With Market

Good diversification

The correlation between Transamerica International Gro and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica International Gro 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 International 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 price.

Moving together with Transamerica Mutual Fund

0.65	TWMTX	Transamerica Growth	Pair Corr
0.8	IMDRX	Transamerica Asset	Pair Corr
0.64	IMCGX	Transamerica Mid Cap	Pair Corr
0.82	IMGRX	Transamerica Asset	Pair Corr
0.82	IMLAX	Transamerica Asset	Pair Corr
0.83	IMLLX	Transamerica Asset	Pair Corr
0.8	IMOAX	Transamerica Asset	Pair Corr
0.82	IMOLX	Transamerica Asset	Pair Corr
0.96	TGRHX	Transamerica International	Pair Corr
0.96	TGRFX	Transamerica International	Pair Corr
0.95	TGWFX	Transamerica Large Growth	Pair Corr
0.94	TGWTX	Transamerica Large Growth	Pair Corr
0.98	TGWRX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.67	TFLAX	Transamerica Floating	Pair Corr
0.64	TFLIX	Transamerica Floating	Pair Corr
0.63	TFLCX	Transamerica Floating	Pair Corr

Related Correlations Analysis

	PLKTX	DFELX	GBAYX	HBAIX	FMTIX	HCVAX
PLKTX		0.91	0.93	0.91	0.96	0.92	PLKTX
DFELX	0.91		0.8	0.87	0.91	0.81	DFELX
GBAYX	0.93	0.8		0.95	0.97	0.97	GBAYX
HBAIX	0.91	0.87	0.95		0.98	0.98	HBAIX
FMTIX	0.96	0.91	0.97	0.98		0.97	FMTIX
HCVAX	0.92	0.81	0.97	0.98	0.97		HCVAX
	PLKTX	DFELX	GBAYX	HBAIX	FMTIX	HCVAX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica International 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 International'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
PLKTX	0.56	0.00	0.02	(0.02)	0.89	(0.50)	1.06	(1.34)	3.50
DFELX	0.63	0.01	0.02	(0.01)	0.91	(0.63)	1.21	(1.53)	3.77
GBAYX	0.30	0.01	0.04	0.00	0.42	(0.32)	0.60	(0.59)	2.14
HBAIX	0.37	0.03	0.07	0.05	0.55	(0.36)	0.76	(0.90)	2.53
FMTIX	0.38	0.01	0.03	(0.01)	0.58	(0.37)	0.70	(0.86)	2.55
HCVAX	0.27	0.02	0.09	0.06	0.33	(0.28)	0.62	(0.44)	1.69

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