Transamerica Small Correlations

TRSLX Fund

USD 5.25 0.01 0.19%

The current 90-days correlation between Transamerica Small Cap and Western Asset Diversified is -0.08 (i.e., Good diversification). The correlation of Transamerica Small 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 Small Correlation With Market

Very poor diversification

The correlation between Transamerica Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Small Cap 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 Small Cap. 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 board of governors.

Moving together with Transamerica Mutual Fund

0.83	TWMTX	Transamerica Growth	Pair Corr
0.94	TWQZX	Transamerica Large Cap	Pair Corr
0.94	TWQAX	Transamerica Large Cap	Pair Corr
0.82	TWQIX	Transamerica Large Cap	Pair Corr
0.81	TWQCX	Transamerica Large Cap	Pair Corr
0.78	EMTIX	Transamerica Emerging	Pair Corr
0.88	EMTCX	Transamerica Emerging	Pair Corr
0.74	TFLAX	Transamerica Floating	Pair Corr
0.76	TFLIX	Transamerica Floating	Pair Corr
0.73	TFLCX	Transamerica Floating	Pair Corr
0.91	IMDRX	Transamerica Asset	Pair Corr
0.78	TFOIX	Transamerica Capital	Pair Corr
0.92	IMGRX	Transamerica Asset	Pair Corr
0.91	IMLLX	Transamerica Asset	Pair Corr
0.92	IMOAX	Transamerica Asset	Pair Corr
0.91	IMOLX	Transamerica Asset	Pair Corr
0.83	TGWTX	Transamerica Large Growth	Pair Corr
0.77	TIHIX	Transamerica International	Pair Corr
0.87	TIHBX	Transamerica International	Pair Corr
0.68	TIHJX	Transamerica International	Pair Corr
0.68	TIHAX	Transamerica International	Pair Corr
0.85	TIODX	Transamerica Funds	Pair Corr
0.86	TIOEX	Transamerica Funds	Pair Corr

Related Correlations Analysis

	XWDIX	JPDVX	CDBCX	PHJTX	ELDFX	PGBAX	FTHNX	LBWAX
XWDIX		0.91	0.83	0.9	0.91	0.9	0.86	0.87	XWDIX
JPDVX	0.91		0.84	0.96	0.97	0.94	0.95	0.97	JPDVX
CDBCX	0.83	0.84		0.87	0.86	0.93	0.83	0.78	CDBCX
PHJTX	0.9	0.96	0.87		1.0	0.96	0.98	0.95	PHJTX
ELDFX	0.91	0.97	0.86	1.0		0.96	0.98	0.95	ELDFX
PGBAX	0.9	0.94	0.93	0.96	0.96		0.94	0.92	PGBAX
FTHNX	0.86	0.95	0.83	0.98	0.98	0.94		0.96	FTHNX
LBWAX	0.87	0.97	0.78	0.95	0.95	0.92	0.96		LBWAX
	XWDIX	JPDVX	CDBCX	PHJTX	ELDFX	PGBAX	FTHNX	LBWAX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Small 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 Small'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
XWDIX	0.15	0.04	(0.14)	(1.38)	0.19	(0.18)	0.34	(0.20)	1.54
JPDVX	0.33	0.09	(0.06)	(0.80)	0.18	(0.40)	0.74	(0.56)	1.91
CDBCX	0.23	0.04	(0.22)	1.59	0.00	(0.31)	0.55	(0.33)	1.22
PHJTX	0.24	0.03	(0.10)	0.18	0.00	(0.29)	0.56	(0.40)	1.36
ELDFX	0.28	0.04	(0.05)	0.18	0.00	(0.34)	0.72	(0.41)	1.70
PGBAX	0.12	0.05	(0.30)	(17.13)	0.00	(0.18)	0.34	(0.17)	0.68
FTHNX	0.75	0.07	0.11	0.16	0.56	(0.85)	1.66	(1.13)	3.72
LBWAX	0.52	0.12	0.02	(0.94)	0.42	(0.62)	1.14	(0.88)	2.63

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Transamerica Small Correlations

Transamerica Small Correlation With Market

Very poor diversification

Moving together with Transamerica Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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