Transamerica Large Correlations

TLACX Fund

10.85 0.19 1.78%

The current 90-days correlation between Transamerica Large Core and Morningstar Defensive Bond is -0.11 (i.e., Good 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

Modest diversification

The correlation between Transamerica Large Core and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Large Core 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 Core. 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 main economic indicators.

Moving together with Transamerica Mutual Fund

0.68	TWMTX	Transamerica Growth	Pair Corr
0.62	IMGRX	Transamerica Asset	Pair Corr
0.62	IMLAX	Transamerica Asset	Pair Corr
0.63	IMLLX	Transamerica Asset	Pair Corr
0.91	TGRHX	Transamerica International	Pair Corr
0.91	TGRFX	Transamerica International	Pair Corr
0.91	TGRGX	Transamerica International	Pair Corr
0.93	TGWFX	Transamerica Large Growth Steady Growth	Pair Corr
0.93	TGWTX	Transamerica Large Growth Steady Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.46	TFLAX	Transamerica Floating	Pair Corr
0.46	TFLIX	Transamerica Floating	Pair Corr
0.4	TFLCX	Transamerica Floating	Pair Corr
0.37	TFXIX	Transamerica Flexible	Pair Corr
0.34	EMTIX	Transamerica Emerging Potential Growth	Pair Corr
0.33	TEOJX	Transamerica Emerging	Pair Corr
0.33	TEOIX	Transamerica Emerging	Pair Corr
0.32	TEOOX	Transamerica Emerging	Pair Corr
0.32	EMTCX	Transamerica Emerging	Pair Corr
0.4	TIODX	Transamerica Funds	Pair Corr
0.4	TIOBX	Transamerica Funds	Pair Corr
0.39	TIOEX	Transamerica Funds	Pair Corr
0.39	TIOAX	Transamerica Inflation	Pair Corr
0.39	RTIOX	Transamerica Inflation	Pair Corr
0.38	TIOCX	Transamerica Inflation	Pair Corr
0.34	TISVX	Transamerica International	Pair Corr
0.32	THAYX	Transamerica High Yield	Pair Corr
0.32	THYTX	Transamerica High Yield	Pair Corr
0.31	THYIX	Transamerica High Yield	Pair Corr
0.31	TIHJX	Transamerica International	Pair Corr

Related Correlations Analysis

	MSTBX	ARTFX	RULFX	FMUUX	CBOEX	SGYAX	TTRBX
MSTBX		0.78	0.92	0.94	0.97	0.78	0.96	MSTBX
ARTFX	0.78		0.87	0.89	0.75	0.94	0.82	ARTFX
RULFX	0.92	0.87		0.98	0.89	0.86	0.89	RULFX
FMUUX	0.94	0.89	0.98		0.91	0.86	0.93	FMUUX
CBOEX	0.97	0.75	0.89	0.91		0.77	0.98	CBOEX
SGYAX	0.78	0.94	0.86	0.86	0.77		0.84	SGYAX
TTRBX	0.96	0.82	0.89	0.93	0.98	0.84		TTRBX
	MSTBX	ARTFX	RULFX	FMUUX	CBOEX	SGYAX	TTRBX

Click cells to compare fundamentals

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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
MSTBX	0.11	0.02	0.32	(0.74)	0.00	(0.15)	0.21	(0.21)	0.62
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
RULFX	0.05	0.01	0.00	(0.67)	0.00	0.00	0.10	(0.10)	0.60
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
CBOEX	0.17	0.02	0.23	0.75	0.11	(0.21)	0.33	(0.32)	0.98
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
TTRBX	0.16	0.01	0.22	1.13	0.10	(0.19)	0.40	(0.30)	0.82

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