Transamerica Large Correlations

TLOFX Fund

USD 9.49 0.04 0.42%

The current 90-days correlation between Transamerica Large Value and Fidelity Sai Inflationfocused is -0.03 (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

Significant diversification

The correlation between Transamerica Large Value and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Large Value 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 Value. 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 census.

Moving together with Transamerica Mutual Fund

0.69	IMDRX	Transamerica Asset	Pair Corr
0.69	IMGRX	Transamerica Asset	Pair Corr
0.69	IMLAX	Transamerica Asset	Pair Corr
0.71	IMLLX	Transamerica Asset	Pair Corr
0.69	IMOAX	Transamerica Asset	Pair Corr
0.89	TGRHX	Transamerica International	Pair Corr
0.89	TGRFX	Transamerica International	Pair Corr
0.89	TGRGX	Transamerica International	Pair Corr
0.85	TGWFX	Transamerica Large Growth	Pair Corr
0.83	TGWTX	Transamerica Large Growth	Pair Corr
0.79	TGWRX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.54	TFLAX	Transamerica Floating	Pair Corr
0.52	TFLCX	Transamerica Floating	Pair Corr
0.51	TFLIX	Transamerica Floating	Pair Corr

Related Correlations Analysis

	FIFGX	SWRSX	LIFAX	HIPAX	QCILIX	TIIHX	ABNTX
FIFGX		0.24	0.8	0.37	0.46	0.47	0.49	FIFGX
SWRSX	0.24		0.73	0.99	0.96	0.96	0.96	SWRSX
LIFAX	0.8	0.73		0.81	0.87	0.87	0.88	LIFAX
HIPAX	0.37	0.99	0.81		0.99	0.99	0.98	HIPAX
QCILIX	0.46	0.96	0.87	0.99		1.0	1.0	QCILIX
TIIHX	0.47	0.96	0.87	0.99	1.0		1.0	TIIHX
ABNTX	0.49	0.96	0.88	0.98	1.0	1.0		ABNTX
	FIFGX	SWRSX	LIFAX	HIPAX	QCILIX	TIIHX	ABNTX

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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
FIFGX	0.60	0.05	0.11	(0.72)	0.61	(0.71)	1.25	(1.23)	4.94
SWRSX	0.21	0.04	0.20	0.31	0.12	(0.25)	0.49	(0.40)	1.18
LIFAX	0.11	0.02	0.33	0.60	0.00	(0.15)	0.26	(0.17)	0.70
HIPAX	0.14	0.03	0.23	0.30	0.00	(0.20)	0.30	(0.30)	0.80
QCILIX	0.14	0.03	0.29	0.44	0.00	(0.16)	0.32	(0.27)	0.91
TIIHX	0.15	0.03	0.27	0.40	0.00	(0.19)	0.29	(0.29)	0.95
ABNTX	0.15	0.03	0.24	0.51	0.00	(0.19)	0.30	(0.30)	0.99

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