Transamerica Inflation Correlations

ITIOX Fund

USD 9.71 0.01 0.10%

The current 90-days correlation between Transamerica Inflation and Goldman Sachs Short is 0.4 (i.e., Very weak diversification). The correlation of Transamerica Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between Transamerica Inflation Opportu and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Inflation Opportu 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 Inflation Opportunities. 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 persons.

Moving together with Transamerica Mutual Fund

0.99	TIOCX	Transamerica Inflation	Pair Corr
0.74	TIMTX	Transamerica Intermediate	Pair Corr
0.79	TISVX	Transamerica International	Pair Corr
0.74	RTSGX	Transamerica Small Cap	Pair Corr
0.8	IAADX	Iaadx	Pair Corr
0.81	IAAEX	Transamerica Financial	Pair Corr
0.78	MVTRX	Transamerica Mid Cap	Pair Corr
0.75	TAAKX	Transamerica Asset	Pair Corr
0.96	TAADX	Transamerica Bond Class	Pair Corr
0.71	TRWIX	Transamerica International	Pair Corr
0.77	TALCX	Transamerica Large Cap	Pair Corr
0.74	IIVAX	Transamerica Smallmid Cap	Pair Corr
0.74	TCTZX	Transamerica Cleartrack	Pair Corr
0.98	VIPSX	Vanguard Inflation	Pair Corr
0.98	VIPIX	Vanguard Inflation-protec	Pair Corr
0.98	VAIPX	Vanguard Inflation-protec	Pair Corr
0.97	FLIBX	American Funds Inflation	Pair Corr
0.97	FIBLX	American Funds Inflation	Pair Corr
0.97	BFICX	American Funds Inflation	Pair Corr
0.97	BFIAX	American Funds Inflation	Pair Corr
0.96	BFIFX	American Funds Inflation	Pair Corr
0.91	PARRX	Real Return Fund	Pair Corr
0.91	PRLPX	Pimco Real Return	Pair Corr
0.83	BRUFX	Bruce Fund Bruce	Pair Corr
0.72	FLRDX	Franklin Lifesmart	Pair Corr

Moving against Transamerica Mutual Fund

0.69	XGEIX	Guggenheim Energy Income	Pair Corr
0.44	RYMEX	Commodities Strategy	Pair Corr
0.44	RYMJX	Commodities Strategy	Pair Corr
0.38	RYMBX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	GANPX	USMTX	MDMTX	TIMTX	OWCAX	FCSCX	FICMX	GABTX
GANPX		0.73	0.72	0.69	0.68	0.74	0.39	0.16	GANPX
USMTX	0.73		0.19	0.13	0.16	0.88	-0.2	-0.29	USMTX
MDMTX	0.72	0.19		0.99	0.97	0.15	0.82	0.67	MDMTX
TIMTX	0.69	0.13	0.99		0.98	0.1	0.82	0.67	TIMTX
OWCAX	0.68	0.16	0.97	0.98		0.11	0.79	0.68	OWCAX
FCSCX	0.74	0.88	0.15	0.1	0.11		-0.14	-0.34	FCSCX
FICMX	0.39	-0.2	0.82	0.82	0.79	-0.14		0.81	FICMX
GABTX	0.16	-0.29	0.67	0.67	0.68	-0.34	0.81		GABTX
	GANPX	USMTX	MDMTX	TIMTX	OWCAX	FCSCX	FICMX	GABTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TIMTX	+ 0.99	MDMTX
OWCAX	+ 0.98	TIMTX
OWCAX	+ 0.97	MDMTX
FCSCX	+ 0.88	USMTX
FICMX	+ 0.82	MDMTX
FICMX	+ 0.82	TIMTX

High negative correlations

GABTX	- 0.34	FCSCX
GABTX	- 0.29	USMTX
FICMX	- 0.2	USMTX
FICMX	- 0.14	FCSCX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Inflation 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 Inflation'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
GANPX	0.07	0.00	(0.44)	0.36	0.00	(0.13)	0.19	(0.10)	0.68
USMTX	0.03	0.00	0.00	(0.13)	0.00	0.00	0.10	(0.10)	0.30
MDMTX	0.19	0.00	(0.20)	0.06	0.25	(0.26)	0.48	(0.56)	1.72
TIMTX	0.19	0.00	(0.21)	0.06	0.25	(0.25)	0.38	(0.46)	1.50
OWCAX	0.11	0.00	(0.31)	(0.01)	0.13	(0.17)	0.21	(0.31)	0.83
FCSCX	0.06	0.00	(0.58)	0.35	0.00	(0.25)	0.13	(0.13)	0.67
FICMX	0.26	(0.02)	0.00	(0.13)	0.00	0.00	0.57	(0.57)	1.72
GABTX	0.57	(0.03)	(0.08)	0.01	1.09	(0.49)	0.98	(1.23)	4.71

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC