Transamerica Emerging Correlations

EMTAX Fund

USD 9.28 0.01 0.11%

The current 90-days correlation between Transamerica Emerging and Transamerica Funds is -0.01 (i.e., Good diversification). The correlation of Transamerica Emerging 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 Emerging Correlation With Market

Modest diversification

The correlation between Transamerica Emerging Markets and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Transamerica Emerging Markets. 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 nation.

Moving together with Transamerica Mutual Fund

0.92	FGBMX	Fidelity New Markets	Pair Corr
0.92	FGZMX	Fidelity New Markets	Pair Corr
0.86	FGWMX	Fidelity New Markets	Pair Corr
0.86	FGVMX	Fidelity New Markets	Pair Corr
0.88	FGYMX	Fidelity New Markets	Pair Corr
0.95	MEDIX	Mfs Emerging Markets	Pair Corr
0.94	MEDCX	Mfs Emerging Markets	Pair Corr
0.94	MEDAX	Mfs Emerging Markets	Pair Corr
0.95	MEDBX	Mfs Emerging Markets	Pair Corr
0.95	MEDEX	Mfs Emerging Markets	Pair Corr
0.77	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Transamerica Mutual Fund

0.43	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.42	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.42	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.41	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.4	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.4	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.4	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.35	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.34	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.34	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.49	BAC	Bank of America Aggressive Push	Pair Corr
0.39	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.33	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.33	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	IMLXX	MSTPX	PRFHX	FYMNX	FAZTX	BBINX
IMLXX		-0.16	-0.06	-0.01	-0.21	-0.3	IMLXX
MSTPX	-0.16		0.95	0.97	0.98	0.92	MSTPX
PRFHX	-0.06	0.95		0.97	0.95	0.94	PRFHX
FYMNX	-0.01	0.97	0.97		0.97	0.92	FYMNX
FAZTX	-0.21	0.98	0.95	0.97		0.96	FAZTX
BBINX	-0.3	0.92	0.94	0.92	0.96		BBINX
	IMLXX	MSTPX	PRFHX	FYMNX	FAZTX	BBINX

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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

FAZTX	+ 0.98	MSTPX
FYMNX	+ 0.97	MSTPX
FYMNX	+ 0.97	PRFHX
FAZTX	+ 0.97	FYMNX
BBINX	+ 0.96	FAZTX
PRFHX	+ 0.95	MSTPX

High negative correlations

BBINX	- 0.3	IMLXX
FAZTX	- 0.21	IMLXX
MSTPX	- 0.16	IMLXX
PRFHX	- 0.06	IMLXX
FYMNX	- 0.01	IMLXX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Emerging 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 Emerging'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
IMLXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01
MSTPX	0.11	0.01	(0.29)	(0.09)	0.14	(0.18)	0.30	(0.30)	1.10
PRFHX	0.15	0.02	(0.24)	(0.10)	0.21	(0.23)	0.44	(0.44)	1.61
FYMNX	0.13	0.02	(0.30)	(0.09)	0.17	(0.20)	0.37	(0.28)	1.39
FAZTX	0.14	0.02	(0.31)	(0.08)	0.19	(0.19)	0.39	(0.29)	1.38
BBINX	0.12	0.01	(0.41)	0.01	0.15	(0.19)	0.29	(0.29)	1.07

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