Transamerica Capital Correlations

TFOIX Fund

USD 51.16 0.40 0.79%

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

Good diversification

The correlation between Transamerica Capital Growth and DJI is -0.15 (i.e., Good 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

0.88	TEOJX	Transamerica Emerging	Pair Corr
1.0	ILLLX	Transamerica Capital	Pair Corr
0.89	IMDRX	Transamerica Asset	Pair Corr
0.88	TIODX	Transamerica Funds	Pair Corr
0.89	TIOEX	Transamerica Funds	Pair Corr
0.89	TIOBX	Transamerica Funds	Pair Corr
0.89	TIOCX	Transamerica Inflation	Pair Corr
0.89	TIOAX	Transamerica Inflation	Pair Corr
0.63	TIMTX	Transamerica Intermediate	Pair Corr
0.7	TISVX	Transamerica International	Pair Corr
0.88	IAADX	Iaadx	Pair Corr
0.72	IAAEX	Transamerica Financial	Pair Corr
0.88	TLATX	Transamerica Large Core	Pair Corr
1.0	IALAX	Transamerica Capital	Pair Corr
0.86	ITACX	Transamerica Short Term	Pair Corr
0.72	TRDIX	Transamerica Dividend	Pair Corr
0.81	TRSLX	Transamerica Small Cap	Pair Corr
0.89	TAAKX	Transamerica Asset	Pair Corr
0.91	TAAEX	Transamerica Capital	Pair Corr
0.83	TAADX	Transamerica Bond Class	Pair Corr
0.9	TAAFX	Transamerica Asset	Pair Corr
0.85	TAAQX	Transam Short Term	Pair Corr
0.88	TAHFX	Transamerica High Yield	Pair Corr
0.86	TALCX	Transamerica Large Cap	Pair Corr
0.85	TASTX	Transamerica Short Term	Pair Corr
0.81	TSLIX	Transamerica Small Cap	Pair Corr
1.0	TCPWX	Transamerica Capital	Pair Corr
0.72	TCTZX	Transamerica Cleartrack	Pair Corr

Moving against Transamerica Mutual Fund

0.38	THYIX	Transamerica High Yield	Pair Corr
0.34	THCYX	Transamerica High Yield	Pair Corr

Related Correlations Analysis

	TMUTX	ITSLX	ITSAX	ITTOX	TEOIX	TEOOX	TENIX	ICLAX	ICLBX
TMUTX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TMUTX
ITSLX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ITSLX
ITSAX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ITSAX
ITTOX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ITTOX
TEOIX	0.0	0.0	0.0	0.0		0.99	0.0	0.96	0.0	TEOIX
TEOOX	0.0	0.0	0.0	0.0	0.99		0.0	0.95	0.0	TEOOX
TENIX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TENIX
ICLAX	0.0	0.0	0.0	0.0	0.96	0.95	0.0		0.0	ICLAX
ICLBX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ICLBX
	TMUTX	ITSLX	ITSAX	ITTOX	TEOIX	TEOOX	TENIX	ICLAX	ICLBX

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

TEOOX	+ 0.99	TEOIX
ICLAX	+ 0.96	TEOIX
ICLAX	+ 0.95	TEOOX
ITSLX	+ 0.0	TMUTX
ITSAX	+ 0.0	TMUTX
ITTOX	+ 0.0	TMUTX

High negative correlations

ICLBX	- 0.0	ICLAX
ICLBX	- 0.0	TENIX
ICLAX	- 0.0	TENIX
ICLBX	- 0.0	TEOOX
TENIX	- 0.0	TEOOX
ICLBX	- 0.0	TEOIX

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
TMUTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITSLX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITSAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITTOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TEOIX	0.56	0.15	0.06	(1.52)	0.39	(0.70)	1.63	(0.97)	4.05
TEOOX	0.55	0.13	0.05	(11.65)	0.28	(0.81)	1.62	(0.86)	5.12
TENIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICLAX	0.25	0.07	(0.09)	(2.76)	0.00	(0.31)	0.55	(0.45)	1.42
ICLBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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