Transamerica Short-term Correlations

TASTX Fund

USD 9.80 0.01 0.10%

The current 90-days correlation between Transamerica Short Term and Multi Manager High Yield is 0.03 (i.e., Significant diversification). The correlation of Transamerica Short-term 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 Short-term Correlation With Market

Average diversification

The correlation between Transamerica Short Term Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica 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 Transamerica 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 estimate.

Moving together with Transamerica Mutual Fund

0.67	ILLLX	Transamerica Capital	Pair Corr
0.85	TFLAX	Transamerica Floating	Pair Corr
0.85	TFLIX	Transamerica Floating	Pair Corr
0.85	TFLCX	Transamerica Floating	Pair Corr
0.67	TFOIX	Transamerica Capital	Pair Corr
0.77	INCLX	Transamerica High Yield	Pair Corr

Moving against Transamerica Mutual Fund

0.5	TEOJX	Transamerica Emerging	Pair Corr
0.48	TEOIX	Transamerica Emerging	Pair Corr
0.48	TEOOX	Transamerica Emerging	Pair Corr
0.48	EMTAX	Transamerica Emerging	Pair Corr
0.42	TWQCX	Transamerica Large Cap	Pair Corr
0.4	TWQZX	Transamerica Large Cap	Pair Corr
0.4	TWQAX	Transamerica Large Cap	Pair Corr
0.4	TWQIX	Transamerica Large Cap	Pair Corr
0.53	TGRHX	Transamerica International	Pair Corr
0.52	TGRFX	Transamerica International	Pair Corr
0.51	TGRGX	Transamerica International	Pair Corr
0.31	IMGRX	Transamerica Asset	Pair Corr
0.31	IMLAX	Transamerica Asset	Pair Corr
0.45	TISDX	Transamerica Funds	Pair Corr
0.38	TIHAX	Transamerica International	Pair Corr
0.37	TIHIX	Transamerica International	Pair Corr
0.37	TIHBX	Transamerica International	Pair Corr
0.37	TISVX	Transamerica International	Pair Corr
0.36	TIHJX	Transamerica International	Pair Corr

Related Correlations Analysis

	NMHYX	NEAIX	ARTFX	LSYFX	ABRUX
NMHYX		0.79	0.92	0.92	0.8	NMHYX
NEAIX	0.79		0.75	0.73	0.78	NEAIX
ARTFX	0.92	0.75		0.9	0.71	ARTFX
LSYFX	0.92	0.73	0.9		0.79	LSYFX
ABRUX	0.8	0.78	0.71	0.79		ABRUX
	NMHYX	NEAIX	ARTFX	LSYFX	ABRUX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Short-term 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 Short-term'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
NMHYX	0.10	0.01	0.05	0.73	0.00	(0.15)	0.24	(0.24)	0.72
NEAIX	1.10	0.05	0.04	0.08	1.22	(1.22)	2.28	(1.60)	8.12
ARTFX	0.10	0.00	(0.01)	(0.35)	0.10	(0.16)	0.22	(0.22)	1.09
LSYFX	0.12	0.01	0.06	1.51	0.00	(0.20)	0.41	(0.20)	1.22
ABRUX	1.20	0.12	0.08	0.34	1.39	(1.33)	2.37	(1.93)	8.28

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