Transamerica International Correlations

TGRHX Fund

USD 8.08 0.03 0.37%

The current 90-days correlation between Transamerica International and Rationalpier 88 Convertible is 0.02 (i.e., Significant 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

Very weak diversification

The correlation between Transamerica International Gro and DJI is 0.52 (i.e., Very weak 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 rate.

Moving together with Transamerica Mutual Fund

0.62	EMTIX	Transamerica Emerging	Pair Corr
0.71	EMTCX	Transamerica Emerging	Pair Corr
0.67	EMTAX	Transamerica Emerging	Pair Corr
0.79	TFXIX	Transamerica Flexible	Pair Corr
1.0	TGRFX	Transamerica International	Pair Corr
1.0	TGRGX	Transamerica International	Pair Corr
0.89	TIHIX	Transamerica International	Pair Corr
0.89	TIHBX	Transamerica International	Pair Corr
0.89	TIHJX	Transamerica International	Pair Corr
0.89	TIHAX	Transamerica International	Pair Corr
0.84	TIOCX	Transamerica Inflation	Pair Corr
0.82	TIOAX	Transamerica Inflation	Pair Corr

Moving against Transamerica Mutual Fund

0.84	TFLAX	Transamerica Floating	Pair Corr
0.84	TFLIX	Transamerica Floating	Pair Corr
0.82	TFLCX	Transamerica Floating	Pair Corr
0.72	ILLLX	Transamerica Capital	Pair Corr
0.72	TFOIX	Transamerica Capital	Pair Corr
0.7	TGWFX	Transamerica Large Growth	Pair Corr
0.7	TGWTX	Transamerica Large Growth	Pair Corr
0.7	TGWRX	Transamerica Large Growth	Pair Corr
0.61	TWQZX	Transamerica Large Cap	Pair Corr
0.57	TWQAX	Transamerica Large Cap	Pair Corr
0.57	TWQIX	Transamerica Large Cap	Pair Corr
0.56	TWQCX	Transamerica Large Cap	Pair Corr
0.56	IMCGX	Transamerica Mid Cap	Pair Corr
0.49	TWMTX	Transamerica Growth	Pair Corr
0.41	INCLX	Transamerica High Yield	Pair Corr
0.73	IALAX	Transamerica Capital	Pair Corr
0.63	TLOTX	Transamerica Large Value	Pair Corr
0.62	TLORX	Transamerica Large Value	Pair Corr
0.6	TLOFX	Transamerica Large Value	Pair Corr
0.58	TLACX	Transamerica Large Core	Pair Corr
0.58	TLAFX	Transamerica Large Core	Pair Corr
0.58	TLARX	Transamerica Large Core	Pair Corr
0.58	TLATX	Transamerica Large Core	Pair Corr

Related Correlations Analysis

	PBXIX	PATFX	LTXFX	DHGCX	CFNLX	TPYYX
PBXIX		-0.04	-0.22	-0.5	-0.26	0.15	PBXIX
PATFX	-0.04		0.88	0.73	0.93	0.55	PATFX
LTXFX	-0.22	0.88		0.81	0.9	0.51	LTXFX
DHGCX	-0.5	0.73	0.81		0.87	0.34	DHGCX
CFNLX	-0.26	0.93	0.9	0.87		0.44	CFNLX
TPYYX	0.15	0.55	0.51	0.34	0.44		TPYYX
	PBXIX	PATFX	LTXFX	DHGCX	CFNLX	TPYYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CFNLX	+ 0.93	PATFX
CFNLX	+ 0.9	LTXFX
LTXFX	+ 0.88	PATFX
CFNLX	+ 0.87	DHGCX
DHGCX	+ 0.81	LTXFX
DHGCX	+ 0.73	PATFX

High negative correlations

DHGCX	- 0.5	PBXIX
CFNLX	- 0.26	PBXIX
LTXFX	- 0.22	PBXIX
PATFX	- 0.04	PBXIX

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
PBXIX	0.31	0.08	(0.06)	1.07	0.00	(0.40)	0.87	(0.55)	1.94
PATFX	0.15	0.02	(0.23)	(0.07)	0.22	(0.23)	0.44	(0.35)	1.69
LTXFX	0.09	0.00	(0.46)	0.00	0.11	(0.13)	0.20	(0.19)	0.78
DHGCX	0.16	(0.01)	(0.61)	(0.11)	0.16	(0.19)	0.35	(0.25)	0.96
CFNLX	0.12	0.01	(0.38)	(0.05)	0.17	(0.16)	0.22	(0.32)	1.13
TPYYX	0.70	0.02	(0.10)	(0.19)	0.95	(0.74)	1.40	(1.71)	5.39

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC