Transamerica Asset Correlations

TAAFX Fund

USD 10.26 0.04 0.39%

The current 90-days correlation between Transamerica Asset and American Funds American is 0.86 (i.e., Very poor diversification). The correlation of Transamerica Asset 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 Asset Correlation With Market

Very poor diversification

The correlation between Transamerica Asset Allocation and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Asset Allocation 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 Asset Allocation. 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 census.

Moving together with Transamerica Mutual Fund

0.91	ILLLX	Transamerica Capital	Pair Corr
0.9	TWMTX	Transamerica Growth	Pair Corr
0.91	TWQZX	Transamerica Large Cap	Pair Corr
0.91	TWQAX	Transamerica Large Cap	Pair Corr
0.91	TWQIX	Transamerica Large Cap	Pair Corr
0.91	TWQCX	Transamerica Large Cap	Pair Corr
0.75	TFLAX	Transamerica Floating	Pair Corr
0.75	TFLIX	Transamerica Floating	Pair Corr
0.75	TFLCX	Transamerica Floating	Pair Corr
0.82	IMDRX	Transamerica Asset	Pair Corr
0.96	IMCGX	Transamerica Mid Cap	Pair Corr
0.91	TFOIX	Transamerica Capital	Pair Corr
0.92	IMGRX	Transamerica Asset	Pair Corr
0.93	IMLAX	Transamerica Asset	Pair Corr
0.92	IMLLX	Transamerica Asset	Pair Corr
0.83	IMOAX	Transamerica Asset	Pair Corr
0.8	IMOLX	Transamerica Asset	Pair Corr
0.82	INCLX	Transamerica High Yield	Pair Corr
0.93	TGWFX	Transamerica Large Growth	Pair Corr
0.93	TGWTX	Transamerica Large Growth	Pair Corr

Moving against Transamerica Mutual Fund

0.53	TFXIX	Transamerica Flexible	Pair Corr
0.47	TGRHX	Transamerica International	Pair Corr
0.5	TISVX	Transamerica International	Pair Corr
0.48	TIHAX	Transamerica International	Pair Corr
0.47	TGRFX	Transamerica International	Pair Corr
0.47	TGRGX	Transamerica International	Pair Corr
0.47	TIHIX	Transamerica International	Pair Corr
0.4	TIOAX	Transamerica Inflation	Pair Corr
0.36	RTIOX	Transamerica Inflation	Pair Corr

Related Correlations Analysis

	FBONX	FBAFX	ABALX	BALCX	BALFX	RLBCX	RLBBX	CLBAX
FBONX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	FBONX
FBAFX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	FBAFX
ABALX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	ABALX
BALCX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	BALCX
BALFX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	BALFX
RLBCX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	RLBCX
RLBBX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	RLBBX
CLBAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		CLBAX
	FBONX	FBAFX	ABALX	BALCX	BALFX	RLBCX	RLBBX	CLBAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Asset 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 Asset'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
FBONX	0.37	(0.02)	(0.14)	0.07	0.45	(0.38)	0.75	(0.90)	2.11
FBAFX	0.37	(0.02)	(0.14)	0.07	0.45	(0.38)	0.75	(0.88)	2.11
ABALX	0.37	(0.02)	(0.14)	0.07	0.45	(0.38)	0.75	(0.90)	2.11
BALCX	0.37	(0.03)	(0.15)	0.07	0.45	(0.38)	0.75	(0.91)	2.13
BALFX	0.37	(0.02)	(0.14)	0.07	0.45	(0.38)	0.72	(0.91)	2.11
RLBCX	0.36	(0.02)	(0.14)	0.07	0.45	(0.38)	0.75	(0.88)	2.12
RLBBX	0.37	(0.03)	(0.15)	0.07	0.44	(0.38)	0.75	(0.89)	2.13
CLBAX	0.36	(0.02)	(0.14)	0.07	0.43	(0.39)	0.72	(0.91)	2.12

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