Transamerica International Correlations

TGRGX Fund

USD 6.61 0.09 1.34%

The current 90-days correlation between Transamerica International and Mirova Global Green is -0.04 (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 -0.08 (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

0.73	TGRHX	Transamerica International	Pair Corr
1.0	TGRFX	Transamerica International	Pair Corr

Related Correlations Analysis

	MGGNX	CABIX	LFLCX	GARGX	TADGX	TEDIX	HIGCX
MGGNX		0.74	0.43	0.76	0.59	0.32	0.32	MGGNX
CABIX	0.74		0.58	0.89	0.93	0.6	0.09	CABIX
LFLCX	0.43	0.58		0.7	0.47	0.94	-0.37	LFLCX
GARGX	0.76	0.89	0.7		0.84	0.68	0.04	GARGX
TADGX	0.59	0.93	0.47	0.84		0.5	0.12	TADGX
TEDIX	0.32	0.6	0.94	0.68	0.5		-0.43	TEDIX
HIGCX	0.32	0.09	-0.37	0.04	0.12	-0.43		HIGCX
	MGGNX	CABIX	LFLCX	GARGX	TADGX	TEDIX	HIGCX

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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

TEDIX	+ 0.94	LFLCX
TADGX	+ 0.93	CABIX
GARGX	+ 0.89	CABIX
TADGX	+ 0.84	GARGX
GARGX	+ 0.76	MGGNX
CABIX	+ 0.74	MGGNX

High negative correlations

HIGCX	- 0.43	TEDIX
HIGCX	- 0.37	LFLCX

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
MGGNX	0.20	(0.01)	0.00	(0.34)	0.00	0.00	0.35	(0.35)	1.96
CABIX	0.35	0.03	0.13	0.01	0.40	(0.37)	0.72	(0.77)	2.58
LFLCX	0.17	0.02	0.36	(6.79)	0.00	(0.21)	0.43	(0.22)	0.98
GARGX	0.73	0.06	0.07	0.03	0.93	(0.74)	1.37	(1.45)	4.42
TADGX	0.60	0.04	0.07	0.00	0.74	(0.65)	1.06	(1.39)	3.18
TEDIX	0.50	0.16	0.28	0.21	0.48	(0.57)	1.01	(0.89)	3.31
HIGCX	0.87	(0.22)	0.00	1.78	0.00	0.00	1.17	(1.53)	15.04

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