Transam Short Correlations

TAAQX Fund

9.78 0.02 0.20%

The current 90-days correlation between Transam Short Term and Transamerica Emerging Markets is 0.05 (i.e., Significant diversification). The correlation of Transam Short 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.

Transam Short Correlation With Market

Average diversification

The correlation between Transam Short Term Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transam Short Term Bond 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 Transam Short Term Bond. 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 producer price index.

Moving together with Transam Mutual Fund

0.83	EMTIX	Transamerica Emerging	Pair Corr
0.81	EMTCX	Transamerica Emerging	Pair Corr
0.83	EMTAX	Transamerica Emerging	Pair Corr
0.86	TFXIX	Transamerica Flexible	Pair Corr
0.67	TGRHX	Transamerica International	Pair Corr
0.67	TGRFX	Transamerica International	Pair Corr
0.67	TGRGX	Transamerica International	Pair Corr
0.67	THCYX	Transamerica High Yield	Pair Corr
0.63	THAYX	Transamerica High Yield	Pair Corr
0.63	THYIX	Transamerica High Yield	Pair Corr
0.64	THYTX	Transamerica High Yield	Pair Corr
0.67	TIHIX	Transamerica International	Pair Corr
0.67	TIHBX	Transamerica International	Pair Corr
0.67	TIHJX	Transamerica International	Pair Corr
0.67	TIHAX	Transamerica International	Pair Corr
0.81	TIOAX	Transamerica Inflation	Pair Corr
0.72	TIMTX	Transamerica Intermediate	Pair Corr

Moving against Transam Mutual Fund

0.45	TFLIX	Transamerica Floating	Pair Corr
0.41	TFLCX	Transamerica Floating	Pair Corr
0.34	TFLAX	Transamerica Floating	Pair Corr

Related Correlations Analysis

	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX
TEOJX		1.0	1.0	-0.67	-0.49	-0.34	-0.33	-0.34	-0.31	0.64	TEOJX
TEOIX	1.0		1.0	-0.67	-0.48	-0.34	-0.33	-0.34	-0.31	0.64	TEOIX
TEOOX	1.0	1.0		-0.66	-0.48	-0.34	-0.33	-0.34	-0.31	0.65	TEOOX
ILLLX	-0.67	-0.67	-0.66		0.91	0.48	0.47	0.48	0.44	-0.42	ILLLX
TWMTX	-0.49	-0.48	-0.48	0.91		0.45	0.44	0.45	0.41	-0.32	TWMTX
TWQZX	-0.34	-0.34	-0.34	0.48	0.45		1.0	1.0	1.0	-0.27	TWQZX
TWQAX	-0.33	-0.33	-0.33	0.47	0.44	1.0		1.0	1.0	-0.26	TWQAX
TWQIX	-0.34	-0.34	-0.34	0.48	0.45	1.0	1.0		1.0	-0.27	TWQIX
TWQCX	-0.31	-0.31	-0.31	0.44	0.41	1.0	1.0	1.0		-0.25	TWQCX
EMTIX	0.64	0.64	0.65	-0.42	-0.32	-0.27	-0.26	-0.27	-0.25		EMTIX
	TEOJX	TEOIX	TEOOX	ILLLX	TWMTX	TWQZX	TWQAX	TWQIX	TWQCX	EMTIX

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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

TEOIX	+ 1.0	TEOJX
TEOOX	+ 1.0	TEOJX
TEOOX	+ 1.0	TEOIX
TWQAX	+ 1.0	TWQZX
TWQIX	+ 1.0	TWQZX
TWQCX	+ 1.0	TWQZX

High negative correlations

ILLLX	- 0.67	TEOIX
ILLLX	- 0.67	TEOJX
ILLLX	- 0.66	TEOOX
TWMTX	- 0.49	TEOJX
TWMTX	- 0.48	TEOOX
TWMTX	- 0.48	TEOIX

Risk-Adjusted Indicators

There is a big difference between Transam Mutual Fund performing well and Transam Short 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 Transam Short'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
TEOJX	0.66	(0.03)	0.00	(0.09)	0.00	0.00	1.40	(1.49)	4.91
TEOIX	0.66	(0.03)	0.00	(0.09)	0.00	0.00	1.40	(1.49)	4.92
TEOOX	0.61	(0.03)	0.00	(0.14)	0.00	0.00	1.39	(1.48)	4.77
ILLLX	1.29	0.39	0.25	0.30	1.17	(1.52)	2.75	(1.89)	12.36
TWMTX	0.71	0.08	0.06	0.11	1.08	(0.67)	1.67	(1.46)	6.07
TWQZX	0.47	(0.03)	0.00	(0.02)	0.00	0.00	1.16	(0.67)	5.29
TWQAX	0.47	(0.03)	0.00	(0.02)	0.00	0.00	1.14	(0.72)	5.27
TWQIX	0.47	(0.03)	0.00	(0.02)	0.00	0.00	1.19	(0.72)	5.33
TWQCX	0.47	(0.04)	0.00	(0.03)	0.00	0.00	1.14	(0.73)	5.32
EMTIX	0.16	(0.04)	0.00	(0.90)	0.00	0.00	0.22	(0.43)	1.51

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