Transamerica Asset Correlations

Mutual Funds . USA . 
Fund . Transamerica Asset Allocation
IMLLX Fund  USD 15.29  0.03  0.20%   
The current 90-days correlation between Transamerica Asset and Tax Managed Large Cap is 0.95 (i.e., Almost no 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

Very poor diversification

The correlation between Transamerica Asset Allocation and DJI is 0.83 (i.e., Very poor 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 Risk vs Return Analysis 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 industry.

Moving together with Transamerica Mutual Fund

  0.77TEOJX Transamerica EmergingPairCorr
  0.77TEOIX Transamerica EmergingPairCorr
  0.76TEOOX Transamerica EmergingPairCorr
  0.94TWMTX Transamerica GrowthPairCorr
  0.78TWQZX Transamerica Large CapPairCorr
  0.78TWQAX Transamerica Large CapPairCorr
  0.78TWQIX Transamerica Large CapPairCorr
  0.79TWQCX Transamerica Large CapPairCorr
  0.62EMTIX Transamerica EmergingPairCorr
  0.62EMTCX Transamerica EmergingPairCorr
  0.61EMTAX Transamerica EmergingPairCorr
  0.99IMDRX Transamerica AssetPairCorr
  1.0IMGRX Transamerica AssetPairCorr
  1.0IMLAX Transamerica AssetPairCorr
  0.99IMOAX Transamerica AssetPairCorr
  0.99IMOLX Transamerica AssetPairCorr
  0.72INCLX Transamerica High YieldPairCorr
  0.88TIHIX Transamerica InternationalPairCorr
  0.88TIHBX Transamerica InternationalPairCorr
  0.88TIHJX Transamerica InternationalPairCorr

Related Correlations Analysis


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.

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