Transamerica Emerging Correlations

TEOIX Fund

USD 12.36 0.02 0.16%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. Current 90-days correlation between Transamerica Emerging and Qs Growth Fund is 0.8 (i.e., Very poor diversification).

Transamerica Emerging Correlation to Market

Very poor diversification

Transamerica Emerging currently posts a 0.85 correlation with Dow Jones, indicating a Very poor diversification relationship for the active sample. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.

The role of any single holding depends on its weight, correlation, and sector exposure within the portfolio. Broader allocation clarity strengthens diversification analysis. . Broader economic conditions can influence Transamerica Emerging Markets's mutual fund valuation - related indicators include signals in gross domestic product.

Moving together with Transamerica Mutual Fund

0.92	TEOJX	Transamerica Emerging	Pair Corr
0.92	TEOOX	Transamerica Emerging	Pair Corr
0.77	TWMTX	Transamerica Growth	Pair Corr
0.92	TWQZX	Transamerica Large Cap	Pair Corr
0.81	TGRHX	Transamerica International	Pair Corr
0.75	TGWTX	Transamerica Large Growth	Pair Corr
0.72	THCYX	Transamerica High Yield	Pair Corr
0.68	TIMTX	Transamerica Intermediate	Pair Corr
0.93	IBALX	TRANSAMERICA MULTI-MANAGED	Pair Corr
0.91	ICLLX	Transamerica Asset	Pair Corr
0.93	ICVRX	Transamerica Asset	Pair Corr
0.77	TADAX	Transamerica Growth	Pair Corr
0.75	TAGDX	Transamerica Large Growth	Pair Corr
0.84	TSHRX	Transamerica Asset	Pair Corr
0.69	TSTIX	Transamerica Short Term	Pair Corr
0.85	TSTRX	Transamerica Stock Index	Pair Corr
0.87	TSVIX	Transamerica Smallmid Cap	Pair Corr
0.83	TDEIX	Transamerica Growth	Pair Corr
0.93	VEMAX	Vanguard Emerging Markets	Pair Corr
0.98	VEIEX	Vanguard Emerging Markets	Pair Corr
0.98	VEMIX	Vanguard Emerging Markets	Pair Corr
0.98	VEMRX	Vanguard Emerging Markets	Pair Corr
0.91	NEWFX	New World Fund	Pair Corr
0.98	NWFFX	New World Fund	Pair Corr
0.97	NEWCX	New World Fund	Pair Corr
0.98	FWWNX	American Funds New	Pair Corr
0.98	FNFWX	American Funds New	Pair Corr
0.96	ODVYX	Oppenheimer Developing	Pair Corr

Moving Against Transamerica Mutual Fund

0.35	TMCLX	Transamerica Mlp Energy Steady Growth	Pair Corr
0.91	UIPIX	Ultrashort Mid Cap	Pair Corr
0.82	USPIX	Profunds Ultrashort	Pair Corr
0.81	USPSX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	LONAX	GMSMX	MSSGX	BUFSX	PRNHX	LMBMX	CHAIX	LANIX
LONAX		0.9	0.52	0.86	0.86	0.85	0.81	0.87	LONAX
GMSMX	0.9		0.66	0.88	0.93	0.99	0.95	0.94	GMSMX
MSSGX	0.52	0.66		0.78	0.78	0.68	0.66	0.8	MSSGX
BUFSX	0.86	0.88	0.78		0.98	0.85	0.76	0.96	BUFSX
PRNHX	0.86	0.93	0.78	0.98		0.91	0.84	0.97	PRNHX
LMBMX	0.85	0.99	0.68	0.85	0.91		0.96	0.92	LMBMX
CHAIX	0.81	0.95	0.66	0.76	0.84	0.96		0.88	CHAIX
LANIX	0.87	0.94	0.8	0.96	0.97	0.92	0.88		LANIX
	LONAX	GMSMX	MSSGX	BUFSX	PRNHX	LMBMX	CHAIX	LANIX

Risk-Adjusted Indicators

Strong recent returns in Transamerica Mutual Fund do not always mean Transamerica Emerging Mutual Fund is outperforming peers on business quality. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LONAX	0.62	0.04	0.03	-0.39	0.77	-0.63	1.55	-1.31	3.51
GMSMX	0.95	0.08	0.06	0.08	1.09	-1.03	2.33	-1.89	5.16
MSSGX	1.76	-0.09	0.00	-0.04	0.00	0.00	3.05	-3.35	11.85
BUFSX	1.02	-0.01	0.00	0.01	1.28	-1.07	2.45	-2.06	6.16
PRNHX	1.18	-0.01	0.00	0.01	1.55	-1.16	2.85	-2.53	6.78
LMBMX	1.00	0.07	0.06	0.07	1.18	-1.07	1.97	-1.98	5.97
CHAIX	0.99	0.13	0.09	0.13	1.19	-0.97	2.67	-1.91	6.10
LANIX	0.71	0.00	0.00	0.01	0.83	-0.80	1.27	-1.50	3.64