Transamerica Capital Correlations

TFOIX Fund

USD 41.49 0.03 0.07%

The current 90-days correlation between Transamerica Capital and Europac Gold Fund is -0.01 (i.e., Good diversification). 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

Significant diversification

The correlation between Transamerica Capital Growth and DJI is 0.04 (i.e., Significant 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 World Market Map 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 gross domestic product.

Moving together with Transamerica Mutual Fund

0.82	FAFGX	American Funds	Pair Corr
0.82	FFAFX	American Funds	Pair Corr
0.82	GFACX	Growth Fund	Pair Corr
0.82	GFAFX	Growth Fund	Pair Corr
0.82	AGTHX	Growth Fund	Pair Corr
0.82	CGFFX	Growth Fund	Pair Corr
0.82	CGFCX	Growth Fund	Pair Corr
0.82	CGFAX	Growth Fund	Pair Corr
0.82	CGFEX	Growth Fund	Pair Corr
0.82	RGAEX	Growth Fund	Pair Corr
0.64	COGVX	Cognios Large Cap	Pair Corr
0.91	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.91	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.76	DIS	Walt Disney Aggressive Push	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.79	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Transamerica Mutual Fund

0.7	BTMPX	Ishares Msci Eafe	Pair Corr
0.69	BTMKX	Blackrock International	Pair Corr
0.61	MDIIX	Blackrock Intern Index	Pair Corr
0.76	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.73	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.71	KO	Coca Cola Sell-off Trend	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	EPGFX	GCEBX	IIGCX	IOGYX	UIPMX	FRGOX	GLRBX
EPGFX		0.14	0.99	0.98	0.95	0.99	0.47	EPGFX
GCEBX	0.14		0.12	0.14	0.38	0.19	-0.18	GCEBX
IIGCX	0.99	0.12		0.98	0.95	0.99	0.44	IIGCX
IOGYX	0.98	0.14	0.98		0.94	0.98	0.55	IOGYX
UIPMX	0.95	0.38	0.95	0.94		0.96	0.35	UIPMX
FRGOX	0.99	0.19	0.99	0.98	0.96		0.44	FRGOX
GLRBX	0.47	-0.18	0.44	0.55	0.35	0.44		GLRBX
	EPGFX	GCEBX	IIGCX	IOGYX	UIPMX	FRGOX	GLRBX

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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

IIGCX	+ 0.99	EPGFX
FRGOX	+ 0.99	EPGFX
FRGOX	+ 0.99	IIGCX
IOGYX	+ 0.98	EPGFX
IOGYX	+ 0.98	IIGCX
FRGOX	+ 0.98	IOGYX

High negative correlations

GLRBX

- 0.18

GCEBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EPGFX	1.45	(0.02)	(0.05)	0.05	1.97	(1.39)	2.54	(3.10)	10.62
GCEBX	0.76	(0.12)	0.00	0.70	0.00	0.00	1.36	(1.75)	8.30
IIGCX	1.39	(0.03)	(0.06)	(0.01)	1.80	(1.44)	2.67	(2.70)	9.76
IOGYX	1.45	(0.03)	(0.05)	0.05	1.75	(1.53)	2.72	(2.81)	8.64
UIPMX	1.38	(0.07)	0.00	(0.30)	0.00	0.00	2.60	(3.11)	9.86
FRGOX	1.48	(0.06)	0.00	(0.03)	0.00	0.00	3.13	(3.01)	9.03
GLRBX	0.31	(0.03)	(0.22)	0.04	0.39	(0.32)	0.61	(0.70)	1.88

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