Transamerica Asset Correlations

IMOLX Fund

USD 13.36 0.10 0.74%

The current 90-days correlation between Transamerica Asset and Transamerica Emerging Markets is 0.71 (i.e., Poor 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 0.82 (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

0.62	TEOJX	Transamerica Emerging	Pair Corr
0.63	TEOIX	Transamerica Emerging	Pair Corr
0.88	TWMTX	Transamerica Growth	Pair Corr
0.82	TWQZX	Transamerica Large Cap	Pair Corr
0.75	TWQAX	Transamerica Large Cap	Pair Corr
0.82	TWQIX	Transamerica Large Cap Potential Growth	Pair Corr
0.83	TWQCX	Transamerica Large Cap	Pair Corr
0.62	EMTIX	Transamerica Emerging	Pair Corr
0.62	EMTCX	Transamerica Emerging	Pair Corr
1.0	IMDRX	Transamerica Asset	Pair Corr
0.99	IMGRX	Transamerica Asset	Pair Corr
0.83	IMLAX	Transamerica Asset	Pair Corr
0.99	IMLLX	Transamerica Asset	Pair Corr
0.86	IMOAX	Transamerica Asset	Pair Corr
0.64	INCLX	Transamerica High Yield	Pair Corr
0.84	TIHBX	Transamerica International	Pair Corr
0.84	TIHJX	Transamerica International	Pair Corr
0.67	TIHAX	Transamerica International	Pair Corr

Related Correlations Analysis

	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX
TEOJX		1.0	0.77	0.51	0.74	0.22	0.23	0.22	0.23	0.06	TEOJX
TEOIX	1.0		0.77	0.51	0.75	0.22	0.24	0.22	0.23	0.07	TEOIX
TEOOX	0.77	0.77		0.51	0.56	0.11	0.27	0.11	0.11	0.06	TEOOX
ILLLX	0.51	0.51	0.51		0.16	-0.52	-0.44	-0.52	-0.5	-0.67	ILLLX
TWMTX	0.74	0.75	0.56	0.16		0.62	0.53	0.62	0.62	0.46	TWMTX
TWQZX	0.22	0.22	0.11	-0.52	0.62		0.9	1.0	1.0	0.87	TWQZX
TWQAX	0.23	0.24	0.27	-0.44	0.53	0.9		0.9	0.9	0.9	TWQAX
TWQIX	0.22	0.22	0.11	-0.52	0.62	1.0	0.9		1.0	0.87	TWQIX
TWQCX	0.23	0.23	0.11	-0.5	0.62	1.0	0.9	1.0		0.86	TWQCX
EMTIX	0.06	0.07	0.06	-0.67	0.46	0.87	0.9	0.87	0.86		EMTIX
	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX

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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

TEOIX	+ 1.0	TEOJX
TWQIX	+ 1.0	TWQZX
TWQCX	+ 1.0	TWQZX
TWQCX	+ 1.0	TWQIX
TWQAX	+ 0.9	TWQZX
TWQIX	+ 0.9	TWQAX

High negative correlations

EMTIX	- 0.67	ILLLX
TWQIX	- 0.52	ILLLX
TWQZX	- 0.52	ILLLX
TWQCX	- 0.5	ILLLX
TWQAX	- 0.44	ILLLX

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
TEOJX	0.66	(0.01)	(0.03)	0.05	1.02	(0.69)	1.23	(1.26)	5.51
TEOIX	0.66	(0.01)	(0.03)	0.05	1.03	(0.67)	1.13	(1.16)	5.42
TEOOX	0.67	0.06	(0.01)	11.67	1.01	(0.72)	1.24	(1.16)	5.93
ILLLX	1.36	(0.04)	0.00	(0.08)	0.00	0.00	2.46	(3.56)	7.94
TWMTX	0.83	(0.06)	(0.04)	0.01	1.31	(0.76)	1.62	(2.21)	4.75
TWQZX	0.57	(0.03)	(0.04)	0.03	0.92	(0.61)	1.24	(1.31)	2.91
TWQAX	0.53	0.10	0.06	0.78	0.51	(0.59)	1.28	(0.95)	3.17
TWQIX	0.57	(0.03)	(0.04)	0.03	0.92	(0.59)	1.23	(1.30)	2.84
TWQCX	0.57	(0.03)	(0.04)	0.03	0.90	(0.59)	1.20	(1.33)	2.90
EMTIX	0.17	0.02	(0.15)	0.27	0.00	(0.24)	0.41	(0.31)	0.94

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