Transamerica Financial Correlations

IAAEX Fund

USD 12.31 0.12 0.98%

The current 90-days correlation between Transamerica Financial and Fidelity Low Priced Stock is 0.91 (i.e., Almost no diversification). The correlation of Transamerica Financial 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 Financial Correlation With Market

Very poor diversification

The correlation between Transamerica Financial Life 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 Financial Life 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 Financial Life. 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 income.

Moving together with Transamerica Mutual Fund

0.72	ILLLX	Transamerica Capital Steady Growth	Pair Corr
0.71	TWMTX	Transamerica Growth	Pair Corr
0.75	TWQZX	Transamerica Large Cap	Pair Corr
0.82	TWQAX	Transamerica Large Cap	Pair Corr
0.82	TWQIX	Transamerica Large Cap	Pair Corr
0.82	TWQCX	Transamerica Large Cap	Pair Corr
0.78	IMCGX	Transamerica Mid Cap	Pair Corr
0.72	TFOIX	Transamerica Capital Steady Growth	Pair Corr
0.74	IMGRX	Transamerica Asset	Pair Corr
0.74	IMLAX	Transamerica Asset	Pair Corr
0.68	IMLLX	Transamerica Asset	Pair Corr
0.74	TGWTX	Transamerica Large Growth	Pair Corr
0.72	TGWRX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.58	TFXIX	Transamerica Flexible	Pair Corr
0.34	TGRGX	Transamerica International	Pair Corr
0.54	TLCDX	Transamerica Funds	Pair Corr
0.49	TIOCX	Transamerica Inflation	Pair Corr
0.47	TIOAX	Transamerica Inflation	Pair Corr
0.45	RTIOX	Transamerica Inflation	Pair Corr
0.39	TISVX	Transamerica International	Pair Corr
0.31	TIHIX	Transamerica International	Pair Corr
0.31	TIHBX	Transamerica International	Pair Corr
0.31	TIHJX	Transamerica International	Pair Corr

Related Correlations Analysis

	FLPKX	FLPSX	VMVAX	JVMAX	JVMIX	VMVIX	JMVZX	JMVRX	JMVQX
FLPKX		0.82	0.66	0.77	0.77	0.66	0.66	0.56	0.56	FLPKX
FLPSX	0.82		0.59	0.67	0.67	0.59	0.59	0.66	0.66	FLPSX
VMVAX	0.66	0.59		0.96	0.96	1.0	0.98	0.93	0.93	VMVAX
JVMAX	0.77	0.67	0.96		1.0	0.96	0.98	0.91	0.91	JVMAX
JVMIX	0.77	0.67	0.96	1.0		0.96	0.98	0.91	0.91	JVMIX
VMVIX	0.66	0.59	1.0	0.96	0.96		0.98	0.93	0.93	VMVIX
JMVZX	0.66	0.59	0.98	0.98	0.98	0.98		0.95	0.95	JMVZX
JMVRX	0.56	0.66	0.93	0.91	0.91	0.93	0.95		1.0	JMVRX
JMVQX	0.56	0.66	0.93	0.91	0.91	0.93	0.95	1.0		JMVQX
	FLPKX	FLPSX	VMVAX	JVMAX	JVMIX	VMVIX	JMVZX	JMVRX	JMVQX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Financial 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 Financial'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
FLPKX	0.60	(0.08)	(0.11)	0.02	0.68	(0.67)	1.38	(1.15)	3.99
FLPSX	0.60	0.02	(0.12)	(0.25)	0.69	(0.66)	1.41	(1.15)	3.99
VMVAX	0.53	0.04	0.02	0.15	0.33	(0.61)	1.22	(0.88)	3.06
JVMAX	0.63	(0.01)	0.00	0.09	0.53	(0.75)	1.36	(1.01)	4.94
JVMIX	0.63	(0.01)	0.00	0.09	0.53	(0.76)	1.32	(1.00)	5.00
VMVIX	0.54	0.04	0.02	0.15	0.34	(0.61)	1.22	(0.89)	3.07
JMVZX	0.58	0.03	0.03	0.13	0.43	(0.71)	1.23	(1.00)	4.47
JMVRX	0.57	0.12	0.03	(3.37)	0.43	(0.68)	1.18	(0.99)	4.47
JMVQX	0.58	0.12	0.03	(3.44)	0.44	(0.70)	1.19	(0.99)	4.47

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