Cleartrack 2020 Correlations
| TCHTX Fund | USD 8.28 0.00 0.00% |
The current 90-days correlation between Cleartrack 2020 Class and Upright Growth Income is 0.18 (i.e., Average diversification). The correlation of Cleartrack 2020 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.
Cleartrack 2020 Correlation With Market
Significant diversification
The correlation between Cleartrack 2020 Class and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cleartrack 2020 Class and DJI in the same portfolio, assuming nothing else is changed.
Cleartrack |
Moving against Cleartrack Mutual Fund
| 0.46 | TGRHX | Transamerica International | PairCorr |
| 0.46 | TGRFX | Transamerica International | PairCorr |
| 0.46 | TGRGX | Transamerica International | PairCorr |
| 0.37 | EMTAX | Transamerica Emerging | PairCorr |
| 0.33 | EMTCX | Transamerica Emerging | PairCorr |
| 0.32 | EMTIX | Transamerica Emerging | PairCorr |
| 0.43 | TISVX | Transamerica International | PairCorr |
| 0.42 | TIHIX | Transamerica International | PairCorr |
| 0.42 | TIHBX | Transamerica International | PairCorr |
| 0.42 | TIHJX | Transamerica International | PairCorr |
| 0.41 | TIHAX | Transamerica International | PairCorr |
| 0.41 | TLOTX | Transamerica Large Value | PairCorr |
| 0.37 | TLAFX | Transamerica Large Core | PairCorr |
| 0.37 | TLATX | Transamerica Large Core | PairCorr |
| 0.37 | TLORX | Transamerica Large Value | PairCorr |
| 0.34 | TISDX | Transamerica Funds | PairCorr |
Related Correlations Analysis
| 0.33 | 0.49 | 0.61 | 0.54 | 0.19 | 0.7 | UPDDX | ||
| 0.33 | 0.84 | 0.79 | 0.71 | 0.64 | 0.6 | LANIX | ||
| 0.49 | 0.84 | 0.71 | 0.82 | 0.74 | 0.68 | FGTZX | ||
| 0.61 | 0.79 | 0.71 | 0.73 | 0.5 | 0.74 | CVGRX | ||
| 0.54 | 0.71 | 0.82 | 0.73 | 0.81 | 0.63 | PRNHX | ||
| 0.19 | 0.64 | 0.74 | 0.5 | 0.81 | 0.44 | EIPIX | ||
| 0.7 | 0.6 | 0.68 | 0.74 | 0.63 | 0.44 | NEAIX | ||
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Risk-Adjusted Indicators
There is a big difference between Cleartrack Mutual Fund performing well and Cleartrack 2020 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 Cleartrack 2020'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UPDDX | 1.23 | 0.20 | 0.12 | 0.45 | 1.35 | 2.68 | 8.50 | |||
| LANIX | 0.57 | (0.04) | 0.00 | (0.52) | 0.00 | 1.04 | 8.27 | |||
| FGTZX | 0.46 | (0.02) | 0.00 | (0.12) | 0.00 | 0.89 | 3.53 | |||
| CVGRX | 0.84 | 0.06 | 0.04 | 1.55 | 1.47 | 1.61 | 8.00 | |||
| PRNHX | 0.83 | 0.04 | 0.03 | 0.10 | 1.16 | 1.67 | 7.56 | |||
| EIPIX | 0.75 | (0.03) | 0.00 | (0.11) | 0.00 | 1.33 | 10.11 | |||
| NEAIX | 1.07 | 0.08 | 0.06 | 0.33 | 1.17 | 2.19 | 8.12 |