Transamerica Small Correlations

ISCGX Fund

USD 7.20 0.16 2.27%

The current 90-days correlation between Transamerica Small Cap and Fa 529 Aggressive is 0.74 (i.e., Poor 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 0.87 (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 Risk vs Return Analysis 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 price.

Moving together with Transamerica Mutual Fund

0.86	ILLLX	Transamerica Capital Steady Growth	Pair Corr
0.74	TWMTX	Transamerica Growth	Pair Corr
0.74	TWQZX	Transamerica Large Cap	Pair Corr
0.8	TWQAX	Transamerica Large Cap	Pair Corr
0.8	TWQIX	Transamerica Large Cap	Pair Corr
0.8	TWQCX	Transamerica Large Cap	Pair Corr
0.62	TFLAX	Transamerica Floating	Pair Corr
0.63	TFLCX	Transamerica Floating	Pair Corr
0.83	IMCGX	Transamerica Mid Cap	Pair Corr
0.86	TFOIX	Transamerica Capital Steady Growth	Pair Corr
0.72	IMGRX	Transamerica Asset	Pair Corr
0.72	IMLAX	Transamerica Asset	Pair Corr
0.64	IMLLX	Transamerica Asset	Pair Corr
0.86	TGWTX	Transamerica Large Growth	Pair Corr
0.83	TGWRX	Transamerica Large Growth	Pair Corr
1.0	ASGTX	Transamerica Small Cap	Pair Corr
1.0	RTSGX	Transamerica Small Cap	Pair Corr
0.78	IAAAX	Transamerica Asset	Pair Corr

Moving against Transamerica Mutual Fund

0.49	TGRGX	Transamerica International	Pair Corr
0.57	TLCDX	Transamerica Funds	Pair Corr
0.55	TIOCX	Transamerica Inflation	Pair Corr
0.52	TIOAX	Transamerica Inflation	Pair Corr
0.51	TISVX	Transamerica International	Pair Corr
0.5	RTIOX	Transamerica Inflation	Pair Corr
0.48	TIHIX	Transamerica International	Pair Corr
0.48	TIHJX	Transamerica International	Pair Corr

Related Correlations Analysis

	FFCGX	TWBIX	XMHFX	TQAAX	TMVAX	CPUCX	WRLDX	VOLMX
FFCGX		0.82	-0.4	0.85	0.64	-0.38	0.87	0.8	FFCGX
TWBIX	0.82		-0.21	0.73	0.62	-0.19	0.79	0.69	TWBIX
XMHFX	-0.4	-0.21		-0.57	-0.62	0.88	-0.25	-0.72	XMHFX
TQAAX	0.85	0.73	-0.57		0.91	-0.53	0.83	0.95	TQAAX
TMVAX	0.64	0.62	-0.62	0.91		-0.59	0.72	0.91	TMVAX
CPUCX	-0.38	-0.19	0.88	-0.53	-0.59		-0.26	-0.7	CPUCX
WRLDX	0.87	0.79	-0.25	0.83	0.72	-0.26		0.74	WRLDX
VOLMX	0.8	0.69	-0.72	0.95	0.91	-0.7	0.74		VOLMX
	FFCGX	TWBIX	XMHFX	TQAAX	TMVAX	CPUCX	WRLDX	VOLMX

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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

VOLMX	+ 0.95	TQAAX
TMVAX	+ 0.91	TQAAX
VOLMX	+ 0.91	TMVAX
CPUCX	+ 0.88	XMHFX
WRLDX	+ 0.87	FFCGX
TQAAX	+ 0.85	FFCGX

High negative correlations

VOLMX	- 0.72	XMHFX
VOLMX	- 0.7	CPUCX
TMVAX	- 0.62	XMHFX
CPUCX	- 0.59	TMVAX
TQAAX	- 0.57	XMHFX
CPUCX	- 0.53	TQAAX

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
FFCGX	0.59	(0.05)	(0.09)	0.04	0.71	(0.63)	1.27	(1.23)	3.68
TWBIX	0.37	0.02	(0.16)	(1.03)	0.47	(0.39)	0.78	(0.92)	2.38
XMHFX	0.16	(0.03)	0.00	(0.40)	0.00	0.00	0.28	(0.41)	1.52
TQAAX	0.83	(0.04)	(0.01)	0.07	0.98	(0.86)	1.97	(1.51)	6.10
TMVAX	0.88	0.03	0.05	0.12	0.78	(1.12)	2.29	(1.70)	8.08
CPUCX	0.23	(0.03)	0.00	0.78	0.00	0.00	0.43	(0.54)	1.29
WRLDX	0.49	(0.02)	(0.10)	0.07	0.46	(0.56)	0.92	(0.97)	2.75
VOLMX	0.60	0.00	0.00	0.10	0.60	(0.71)	1.14	(1.35)	4.49

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