Transamerica International Correlations

TIHJX Fund

USD 12.60 0.12 0.94%

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 Sto and DJI is 0.57 (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 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 inflation.

Moving together with Transamerica Mutual Fund

0.8	TEOJX	Transamerica Emerging	Pair Corr
0.86	TEOIX	Transamerica Emerging	Pair Corr
0.79	EMTIX	Transamerica Emerging	Pair Corr
0.62	EMTCX	Transamerica Emerging	Pair Corr
0.88	TFXIX	Transamerica Flexible	Pair Corr
0.64	THCYX	Transamerica High Yield	Pair Corr
0.74	THYIX	Transamerica High Yield	Pair Corr
0.74	THYTX	Transamerica High Yield	Pair Corr
1.0	TIHBX	Transamerica International	Pair Corr
0.93	TIODX	Transamerica Funds	Pair Corr
0.74	TIOEX	Transamerica Funds	Pair Corr
0.75	TIOBX	Transamerica Funds	Pair Corr
0.73	TIOCX	Transamerica Inflation	Pair Corr
0.88	TIOAX	Transamerica Inflation	Pair Corr
0.8	TISDX	Transamerica Funds	Pair Corr
0.8	TISLX	Transamerica Funds	Pair Corr
0.83	TISVX	Transamerica International	Pair Corr

Moving against Transamerica Mutual Fund

0.57	TGWFX	Transamerica Large Growth	Pair Corr
0.48	IMCGX	Transamerica Mid Cap	Pair Corr
0.42	ILLLX	Transamerica Capital	Pair Corr
0.35	TFOIX	Transamerica Capital	Pair Corr
0.71	ASGTX	Transamerica Small Cap	Pair Corr
0.56	TLATX	Transamerica Large Core	Pair Corr
0.41	IALAX	Transamerica Capital	Pair Corr

Related Correlations Analysis

	IVMXX	QCMMIX	DVFYX	FMFXX	GCFSX	JRSXX
IVMXX		0.0	0.0	0.0	0.0	0.0	IVMXX
QCMMIX	0.0		0.37	0.0	0.78	0.0	QCMMIX
DVFYX	0.0	0.37		0.0	0.84	0.0	DVFYX
FMFXX	0.0	0.0	0.0		0.0	0.0	FMFXX
GCFSX	0.0	0.78	0.84	0.0		0.0	GCFSX
JRSXX	0.0	0.0	0.0	0.0	0.0		JRSXX
	IVMXX	QCMMIX	DVFYX	FMFXX	GCFSX	JRSXX

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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

GCFSX	+ 0.84	DVFYX
GCFSX	+ 0.78	QCMMIX
DVFYX	+ 0.37	QCMMIX
QCMMIX	+ 0.0	IVMXX
DVFYX	+ 0.0	IVMXX
FMFXX	+ 0.0	IVMXX

High negative correlations

JRSXX	- 0.0	GCFSX
JRSXX	- 0.0	FMFXX
GCFSX	- 0.0	FMFXX
JRSXX	- 0.0	DVFYX
FMFXX	- 0.0	DVFYX
JRSXX	- 0.0	QCMMIX

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
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	0.00	(6.54)	0.00	0.00	0.03	0.00	0.03
DVFYX	0.80	0.09	0.12	8.07	1.04	(0.82)	1.65	(1.41)	6.47
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.71	0.11	0.16	(3.73)	0.86	(0.78)	1.80	(1.39)	4.68
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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