Transamerica Large Correlations
| TWQZX Fund | USD 14.81 0.01 0.07% |
The current 90-days correlation between Transamerica Large Cap and Fidelity Flex Servative is -0.2 (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
Poor diversification
The correlation between Transamerica Large Cap and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Large Cap and DJI in the same portfolio, assuming nothing else is changed.
TRANSAMERICA |
Moving together with TRANSAMERICA Mutual Fund
| 0.78 | ILLLX | Transamerica Capital Steady Growth | PairCorr |
| 1.0 | TWQAX | Transamerica Large Cap | PairCorr |
| 1.0 | TWQIX | Transamerica Large Cap | PairCorr |
| 1.0 | TWQCX | Transamerica Large Cap | PairCorr |
| 0.75 | IMCGX | Transamerica Mid Cap | PairCorr |
| 0.74 | TFOIX | Transamerica Capital Steady Growth | PairCorr |
| 0.61 | IMOLX | Transamerica Asset | PairCorr |
| 0.67 | INCLX | Transamerica High Yield | PairCorr |
Related Correlations Analysis
| 0.97 | 0.96 | 0.98 | 0.94 | FUEMX | ||
| 0.97 | 0.97 | 0.91 | 0.95 | GANPX | ||
| 0.96 | 0.97 | 0.92 | 0.96 | FSHAX | ||
| 0.98 | 0.91 | 0.92 | 0.91 | ATOAX | ||
| 0.94 | 0.95 | 0.96 | 0.91 | PSTQX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FUEMX | 0.04 | 0.00 | 0.00 | (0.28) | 0.00 | 0.10 | 0.40 | |||
| GANPX | 0.06 | 0.00 | 0.23 | (0.02) | 0.00 | 0.10 | 0.48 | |||
| FSHAX | 0.05 | 0.00 | 0.22 | (0.22) | 0.00 | 0.10 | 0.51 | |||
| ATOAX | 0.02 | 0.00 | 0.00 | (0.07) | 0.00 | 0.00 | 0.30 | |||
| PSTQX | 0.11 | 0.01 | 0.31 | 0.70 | 0.00 | 0.29 | 0.67 |