Transamerica Asset Correlations

TMGIX Fund

USD 14.02 0.01 0.07%

The current 90-days correlation between Transamerica Asset and Ambrus Core Bond is 0.01 (i.e., Significant diversification). The correlation of Transamerica Asset 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 Asset Correlation With Market

Significant diversification

The correlation between Transamerica Asset Allocation and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Asset Allocation 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 Asset Allocation. 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

0.72	TWMTX	Transamerica Growth	Pair Corr
0.73	TWQZX	Transamerica Large Cap	Pair Corr
0.9	TWQAX	Transamerica Large Cap	Pair Corr
0.9	TWQIX	Transamerica Large Cap	Pair Corr
0.74	TWQCX	Transamerica Large Cap	Pair Corr
0.65	TFLAX	Transamerica Floating	Pair Corr
0.65	TFLIX	Transamerica Floating	Pair Corr
0.66	TFLCX	Transamerica Floating	Pair Corr
0.94	IMDRX	Transamerica Asset	Pair Corr
0.91	IMCGX	Transamerica Mid Cap	Pair Corr
0.72	IMGRX	Transamerica Asset	Pair Corr
1.0	IMLAX	Transamerica Asset	Pair Corr
1.0	IMLLX	Transamerica Asset	Pair Corr
0.92	IMOLX	Transamerica Asset	Pair Corr
0.61	TGWFX	Transamerica Large Growth	Pair Corr
0.8	TGWTX	Transamerica Large Growth	Pair Corr
0.8	TGWRX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.44	TFXIX	Transamerica Flexible	Pair Corr
0.44	TMBFX	Transamerica Intermediate	Pair Corr
0.39	TLCDX	Transamerica Funds	Pair Corr
0.33	TISVX	Transamerica International	Pair Corr

Related Correlations Analysis

	TTRBX	BBINX	DHGCX	TPYYX	PATFX	GMOZX	MDMTX
TTRBX		0.82	0.94	0.37	0.74	0.0	0.8	TTRBX
BBINX	0.82		0.81	0.46	0.96	0.24	0.87	BBINX
DHGCX	0.94	0.81		0.34	0.73	-0.04	0.86	DHGCX
TPYYX	0.37	0.46	0.34		0.55	0.44	0.29	TPYYX
PATFX	0.74	0.96	0.73	0.55		0.39	0.78	PATFX
GMOZX	0.0	0.24	-0.04	0.44	0.39		0.0	GMOZX
MDMTX	0.8	0.87	0.86	0.29	0.78	0.0		MDMTX
	TTRBX	BBINX	DHGCX	TPYYX	PATFX	GMOZX	MDMTX

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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

PATFX	+ 0.96	BBINX
DHGCX	+ 0.94	TTRBX
MDMTX	+ 0.87	BBINX
MDMTX	+ 0.86	DHGCX
BBINX	+ 0.82	TTRBX
DHGCX	+ 0.81	BBINX

High negative correlations

GMOZX	- 0.04	DHGCX
MDMTX	- 0.0	GMOZX
GMOZX	- 0.0	TTRBX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Asset 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 Asset'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
TTRBX	0.13	(0.01)	(0.55)	(0.13)	0.14	(0.17)	0.30	(0.30)	0.70
BBINX	0.12	0.01	(0.37)	(0.07)	0.13	(0.18)	0.29	(0.29)	1.07
DHGCX	0.16	(0.01)	(0.61)	(0.11)	0.16	(0.19)	0.35	(0.25)	0.96
TPYYX	0.70	0.02	(0.10)	(0.19)	0.95	(0.74)	1.40	(1.71)	5.39
PATFX	0.15	0.02	(0.23)	(0.07)	0.22	(0.23)	0.44	(0.35)	1.69
GMOZX	0.13	0.02	(0.46)	1.61	0.00	(0.18)	0.28	(0.33)	0.72
MDMTX	0.17	(0.01)	(0.28)	(0.03)	0.24	(0.23)	0.38	(0.56)	1.33

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