Transamerica High Correlations

THAYX Fund

USD 10.63 0.01 0.09%

The current 90-days correlation between Transamerica High Yield and Artisan High Income is 0.25 (i.e., Modest diversification). The correlation of Transamerica High 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 High Correlation With Market

Average diversification

The correlation between Transamerica High Yield 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 High Yield 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 High Yield. 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 manufacturing.

Moving together with Transamerica Mutual Fund

0.76	TEOJX	Transamerica Emerging	Pair Corr
0.76	TEOIX	Transamerica Emerging	Pair Corr
0.75	TEOOX	Transamerica Emerging	Pair Corr
0.92	EMTIX	Transamerica Emerging	Pair Corr
0.92	EMTCX	Transamerica Emerging	Pair Corr
0.92	EMTAX	Transamerica Emerging	Pair Corr
0.66	TFLIX	Transamerica Floating	Pair Corr
0.94	TFXIX	Transamerica Flexible	Pair Corr
0.75	INCLX	Transamerica High Yield	Pair Corr
1.0	THCYX	Transamerica High Yield	Pair Corr
1.0	THYIX	Transamerica High Yield	Pair Corr
1.0	THYTX	Transamerica High Yield	Pair Corr
0.83	TIHIX	Transamerica International	Pair Corr
0.83	TIHBX	Transamerica International	Pair Corr
0.83	TIHJX	Transamerica International	Pair Corr
0.83	TIHAX	Transamerica International	Pair Corr
0.93	TIODX	Transamerica Funds	Pair Corr

Moving against Transamerica Mutual Fund

0.46	TWMTX	Transamerica Growth	Pair Corr
0.35	IMCGX	Transamerica Mid Cap	Pair Corr
0.43	ASGTX	Transamerica Small Cap	Pair Corr

Related Correlations Analysis

	ARTFX	ATPAX	SGYAX	DIHRX	MWHIX
ARTFX		0.98	0.94	0.83	0.93	ARTFX
ATPAX	0.98		0.91	0.81	0.92	ATPAX
SGYAX	0.94	0.91		0.83	0.96	SGYAX
DIHRX	0.83	0.81	0.83		0.88	DIHRX
MWHIX	0.93	0.92	0.96	0.88		MWHIX
	ARTFX	ATPAX	SGYAX	DIHRX	MWHIX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica High 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 High'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
ARTFX	0.13	(0.01)	0.35	0.12	0.12	(0.20)	0.44	(0.22)	0.89
ATPAX	0.13	(0.01)	0.30	0.10	0.12	(0.24)	0.37	(0.25)	1.12
SGYAX	0.16	0.01	0.31	0.07	0.11	(0.26)	0.56	(0.28)	1.57
DIHRX	0.59	0.11	0.18	0.14	0.66	(0.69)	1.51	(1.19)	3.80
MWHIX	0.12	0.00	0.35	(0.02)	0.09	(0.21)	0.54	(0.32)	0.87

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