Transamerica Emerging Correlations
| EMTCX Fund | USD 9.21 0.05 0.11% |
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 |
Moving together with Transamerica Mutual Fund
| 0.92 | FGBMX | Fidelity New Markets | PairCorr |
| 0.92 | FGZMX | Fidelity New Markets | PairCorr |
| 0.86 | FGWMX | Fidelity New Markets | PairCorr |
| 0.86 | FGVMX | Fidelity New Markets | PairCorr |
| 0.88 | FGYMX | Fidelity New Markets | PairCorr |
| 0.95 | MEDIX | Mfs Emerging Markets | PairCorr |
| 0.95 | MEDCX | Mfs Emerging Markets | PairCorr |
| 0.95 | MEDAX | Mfs Emerging Markets | PairCorr |
| 0.96 | MEDBX | Mfs Emerging Markets | PairCorr |
| 0.96 | MEDEX | Mfs Emerging Markets | PairCorr |
| 0.78 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Transamerica Mutual Fund
| 0.48 | KNPYX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.47 | LSHCX | Horizon Spin Off Steady Growth | PairCorr |
| 0.47 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.46 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.46 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
| 0.46 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.46 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.39 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.38 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.38 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.52 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.42 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.38 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.37 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.0 | 1.0 | 1.0 | 1.0 | 0.44 | JGIFX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | LCCXX | ||
| 1.0 | 0.0 | 0.99 | 1.0 | 0.46 | PGIQX | ||
| 1.0 | 0.0 | 0.99 | 1.0 | 0.45 | RGVJX | ||
| 1.0 | 0.0 | 1.0 | 1.0 | 0.43 | GSOSX | ||
| 0.44 | 0.0 | 0.46 | 0.45 | 0.43 | FISAX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGIFX | 0.24 | (0.02) | 0.00 | 0.32 | 0.00 | 0.50 | 1.41 | |||
| LCCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PGIQX | 0.24 | (0.02) | 0.00 | 0.36 | 0.00 | 0.50 | 1.41 | |||
| RGVJX | 0.23 | (0.02) | 0.00 | 0.49 | 0.00 | 0.41 | 1.24 | |||
| GSOSX | 0.22 | (0.02) | 0.00 | 0.47 | 0.00 | 0.46 | 1.40 | |||
| FISAX | 0.07 | 0.00 | (0.67) | 0.08 | 0.00 | 0.13 | 0.80 |