Transamerica International Correlations

TIHIX Fund

USD 12.61 0.11 0.86%

The current 90-days correlation between Transamerica International and Prudential Short Term Porate is -0.13 (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

Average diversification

The correlation between Transamerica International Sto and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica International Sto 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 Stock. 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 gross domestic product.

Moving together with Transamerica Mutual Fund

0.92	TEOJX	Transamerica Emerging	Pair Corr
0.75	TEOIX	Transamerica Emerging	Pair Corr
0.76	EMTIX	Transamerica Emerging	Pair Corr
0.83	TFXIX	Transamerica Flexible	Pair Corr
0.65	THCYX	Transamerica High Yield	Pair Corr
0.72	THYIX	Transamerica High Yield	Pair Corr
0.72	THYTX	Transamerica High Yield	Pair Corr
0.86	TIHBX	Transamerica International	Pair Corr
0.84	TIHJX	Transamerica International	Pair Corr
0.76	TIODX	Transamerica Funds	Pair Corr
0.91	TIOEX	Transamerica Funds	Pair Corr
0.92	TIOBX	Transamerica Funds	Pair Corr
0.89	TIOCX	Transamerica Inflation	Pair Corr
0.82	TIOAX	Transamerica Inflation	Pair Corr
0.75	TISDX	Transamerica Funds	Pair Corr
0.76	TISLX	Transamerica Funds	Pair Corr
0.93	TISVX	Transamerica International	Pair Corr

Moving against Transamerica Mutual Fund

0.58	IMCGX	Transamerica Mid Cap	Pair Corr
0.51	TGWFX	Transamerica Large Growth	Pair Corr
0.35	ILLLX	Transamerica Capital	Pair Corr
0.33	TFOIX	Transamerica Capital	Pair Corr
0.65	ASGTX	Transamerica Small Cap	Pair Corr
0.45	TLATX	Transamerica Large Core	Pair Corr
0.39	IALAX	Transamerica Capital	Pair Corr

Related Correlations Analysis

	PSTQX	FUEMX	CDICX	LCSAX	VMSSX	BXDCX
PSTQX		0.93	1.0	0.23	0.97	0.97	PSTQX
FUEMX	0.93		0.93	0.41	0.97	0.95	FUEMX
CDICX	1.0	0.93		0.21	0.97	0.97	CDICX
LCSAX	0.23	0.41	0.21		0.3	0.27	LCSAX
VMSSX	0.97	0.97	0.97	0.3		0.98	VMSSX
BXDCX	0.97	0.95	0.97	0.27	0.98		BXDCX
	PSTQX	FUEMX	CDICX	LCSAX	VMSSX	BXDCX

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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
PSTQX	0.11	0.02	0.52	1.43	0.00	(0.15)	0.29	(0.19)	0.67
FUEMX	0.04	0.00	0.00	(0.70)	0.00	0.00	0.10	0.00	0.40
CDICX	0.09	0.02	0.58	1.72	0.00	(0.12)	0.26	(0.13)	0.64
LCSAX	0.35	0.01	0.11	(0.90)	0.50	(0.41)	0.79	(0.68)	2.86
VMSSX	0.10	0.01	0.30	(0.36)	0.00	(0.30)	0.22	(0.22)	0.88
BXDCX	0.08	0.01	0.60	(0.42)	0.00	(0.15)	0.22	(0.11)	0.54

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