Transamerica Capital Correlations

Mutual Funds . USA . 
Fund . Transamerica Capital Growth
ILLLX Fund  USD 25.33  0.02  0.08%   
The current 90-days correlation between Transamerica Capital and Transamerica Capital Growth is 1.0 (i.e., No risk reduction). The correlation of Transamerica Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Transamerica Capital Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Capital Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Transamerica Capital Growth. 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 bureau of economic analysis.

Moving together with Transamerica Mutual Fund

  0.83TWMTX Transamerica GrowthPairCorr
  0.86TWQZX Transamerica Large CapPairCorr
  0.87TWQAX Transamerica Large CapPairCorr
  0.88TWQIX Transamerica Large CapPairCorr
  0.87TWQCX Transamerica Large CapPairCorr
  0.87TFLAX Transamerica FloatingPairCorr
  0.87TFLIX Transamerica FloatingPairCorr
  0.87TFLCX Transamerica FloatingPairCorr
  0.93IMCGX Transamerica Mid CapPairCorr
  1.0TFOIX Transamerica CapitalPairCorr
  0.72IMGRX Transamerica AssetPairCorr
  0.69IMLAX Transamerica AssetPairCorr
  0.67IMLLX Transamerica AssetPairCorr
  0.71INCLX Transamerica High YieldPairCorr
  0.99TGWFX Transamerica Large GrowthPairCorr
  0.99TGWTX Transamerica Large GrowthPairCorr
  0.99TGWRX Transamerica Large GrowthPairCorr

Moving against Transamerica Mutual Fund

  0.33EMTCX Transamerica EmergingPairCorr
  0.79TGRHX Transamerica InternationalPairCorr
  0.76TGRFX Transamerica InternationalPairCorr
  0.76TGRGX Transamerica InternationalPairCorr
  0.73TFXIX Transamerica FlexiblePairCorr
  0.78TISVX Transamerica InternationalPairCorr
  0.76TIHIX Transamerica InternationalPairCorr
  0.76TIHBX Transamerica InternationalPairCorr
  0.76TIHJX Transamerica InternationalPairCorr
  0.76TIHAX Transamerica InternationalPairCorr
  0.7TIOCX Transamerica InflationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Capital 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 Capital'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.

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