Transamerica Large Correlations

TGWRX Fund

USD 11.22 0.67 5.63%

The current 90-days correlation between Transamerica Large Growth and Fa 529 Aggressive is 0.42 (i.e., Very weak diversification). The correlation of Transamerica Large 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 Large Correlation With Market

Average diversification

The correlation between Transamerica Large Growth and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Large 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 Large 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 metropolitan statistical area.

Moving together with Transamerica Mutual Fund

0.82	TWMTX	Transamerica Growth	Pair Corr
0.77	IMDRX	Transamerica Asset	Pair Corr
0.77	IMCGX	Transamerica Mid Cap	Pair Corr
0.81	IMGRX	Transamerica Asset	Pair Corr
0.81	IMLAX	Transamerica Asset	Pair Corr
0.83	IMLLX	Transamerica Asset	Pair Corr
0.76	IMOAX	Transamerica Asset	Pair Corr
0.78	IMOLX	Transamerica Asset	Pair Corr
0.95	TGRHX	Transamerica International	Pair Corr
0.95	TGRFX	Transamerica International	Pair Corr
0.95	TGRGX	Transamerica International	Pair Corr
1.0	TGWFX	Transamerica Large Growth	Pair Corr
1.0	TGWTX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.56	TFLAX	Transamerica Floating	Pair Corr
0.55	TFLIX	Transamerica Floating	Pair Corr
0.52	TFLCX	Transamerica Floating	Pair Corr

Related Correlations Analysis

	FFCGX	WMCANX	FKHEMX	FDZBPX	FUHKBX	FLAKQX	FTUFOX	IAADX
FFCGX		0.86	0.58	0.59	0.28	0.74	0.2	0.66	FFCGX
WMCANX	0.86		0.74	0.85	0.28	0.89	0.34	0.64	WMCANX
FKHEMX	0.58	0.74		0.82	0.72	0.52	-0.2	0.22	FKHEMX
FDZBPX	0.59	0.85	0.82		0.56	0.71	0.14	0.36	FDZBPX
FUHKBX	0.28	0.28	0.72	0.56		0.07	-0.44	-0.18	FUHKBX
FLAKQX	0.74	0.89	0.52	0.71	0.07		0.45	0.71	FLAKQX
FTUFOX	0.2	0.34	-0.2	0.14	-0.44	0.45		0.58	FTUFOX
IAADX	0.66	0.64	0.22	0.36	-0.18	0.71	0.58		IAADX
	FFCGX	WMCANX	FKHEMX	FDZBPX	FUHKBX	FLAKQX	FTUFOX	IAADX

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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

FLAKQX	+ 0.89	WMCANX
WMCANX	+ 0.86	FFCGX
FDZBPX	+ 0.85	WMCANX
FDZBPX	+ 0.82	FKHEMX
FLAKQX	+ 0.74	FFCGX
FKHEMX	+ 0.74	WMCANX

High negative correlations

FTUFOX	- 0.44	FUHKBX
FTUFOX	- 0.2	FKHEMX
IAADX	- 0.18	FUHKBX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Large 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 Large'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
FFCGX	0.64	0.02	0.00	(0.04)	0.00	0.00	0.98	(1.45)	3.47
WMCANX	0.55	0.06	0.11	0.04	0.68	(0.61)	1.07	(1.24)	2.68
FKHEMX	0.76	0.00	0.00	(0.07)	0.00	0.00	1.38	(2.00)	3.83
FDZBPX	0.37	0.00	0.00	(0.08)	0.00	0.00	0.70	(0.80)	2.23
FUHKBX	0.67	0.03	0.00	(0.02)	0.00	0.00	1.11	(1.61)	4.79
FLAKQX	0.72	0.04	0.08	0.02	0.94	(0.84)	1.67	(1.61)	4.16
FTUFOX	0.09	0.01	0.67	0.14	0.00	(0.10)	0.20	(0.17)	0.59
IAADX	0.19	0.02	0.37	0.34	0.11	(0.26)	0.44	(0.33)	0.88

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