Transamerica Floating Correlations

TFLAX Fund

USD 8.74 0.01 0.11%

The current 90-days correlation between Transamerica Floating and Ashmore Emerging Markets is -0.07 (i.e., Good diversification). The correlation of Transamerica Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Transamerica Floating Rate and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Floating Rate 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 Floating Rate. 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 nation.

Moving together with Transamerica Mutual Fund

0.65	TEOJX	Transamerica Emerging	Pair Corr
0.65	TEOIX	Transamerica Emerging	Pair Corr
0.65	TEOOX	Transamerica Emerging	Pair Corr
0.63	TWQZX	Transamerica Large Cap	Pair Corr
0.63	TWQAX	Transamerica Large Cap	Pair Corr
0.64	TWQIX	Transamerica Large Cap	Pair Corr
0.63	TWQCX	Transamerica Large Cap	Pair Corr
0.62	EMTIX	Transamerica Emerging	Pair Corr
0.61	EMTCX	Transamerica Emerging	Pair Corr
0.61	EMTAX	Transamerica Emerging	Pair Corr
0.98	TFLIX	Transamerica Floating	Pair Corr
0.97	TFLCX	Transamerica Floating	Pair Corr
0.79	IMDRX	Transamerica Asset	Pair Corr
0.79	IMGRX	Transamerica Asset	Pair Corr
0.69	IMLAX	Transamerica Asset	Pair Corr
0.79	IMLLX	Transamerica Asset	Pair Corr
0.79	IMOAX	Transamerica Asset	Pair Corr
0.79	IMOLX	Transamerica Asset	Pair Corr
0.8	INCLX	Transamerica High Yield	Pair Corr
0.62	THCYX	Transamerica High Yield	Pair Corr
0.66	THAYX	Transamerica High Yield	Pair Corr
0.65	THYIX	Transamerica High Yield	Pair Corr
0.63	THYTX	Transamerica High Yield	Pair Corr
0.65	TIHIX	Transamerica International	Pair Corr
0.65	TIHBX	Transamerica International	Pair Corr
0.65	TIHJX	Transamerica International	Pair Corr
0.65	TIHAX	Transamerica International	Pair Corr

Related Correlations Analysis

	TBCUX	BBSXX	TEIMX	EMDQX	QCMMIX	SMAAX	ELBIX
TBCUX		0.0	0.94	0.91	0.96	0.91	0.95	TBCUX
BBSXX	0.0		0.0	0.0	0.0	0.0	0.0	BBSXX
TEIMX	0.94	0.0		1.0	0.94	0.94	0.99	TEIMX
EMDQX	0.91	0.0	1.0		0.92	0.94	0.99	EMDQX
QCMMIX	0.96	0.0	0.94	0.92		0.91	0.95	QCMMIX
SMAAX	0.91	0.0	0.94	0.94	0.91		0.93	SMAAX
ELBIX	0.95	0.0	0.99	0.99	0.95	0.93		ELBIX
	TBCUX	BBSXX	TEIMX	EMDQX	QCMMIX	SMAAX	ELBIX

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

EMDQX	+ 1.0	TEIMX
ELBIX	+ 0.99	TEIMX
ELBIX	+ 0.99	EMDQX
QCMMIX	+ 0.96	TBCUX
ELBIX	+ 0.95	TBCUX
ELBIX	+ 0.95	QCMMIX

High negative correlations

ELBIX	- 0.0	BBSXX
SMAAX	- 0.0	BBSXX
QCMMIX	- 0.0	BBSXX
EMDQX	- 0.0	BBSXX
TEIMX	- 0.0	BBSXX
BBSXX	- 0.0	TBCUX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Floating 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 Floating'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TBCUX	0.63	0.25	0.38	0.41	(0.79)	1.41	(0.80)	8.54
BBSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TEIMX	0.22	0.06	0.03	0.73	(0.33)	0.58	(0.39)	1.18
EMDQX	0.22	0.06	0.02	0.62	(0.31)	0.60	(0.40)	1.18
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.03	0.00	0.03
SMAAX	0.07	0.02	(0.30)	21.55	(0.14)	0.20	(0.10)	0.49
ELBIX	0.22	0.07	0.04	0.67	(0.29)	0.56	(0.41)	2.07

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

2026 Macroaxis LLC