Transamerica Intermediate Correlations

TIMTX Fund

USD 10.71 0.02 0.19%

The current 90-days correlation between Transamerica Intermediate and Morningstar Defensive Bond is 0.45 (i.e., Very weak diversification). The correlation of Transamerica Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between Transamerica Intermediate Muni and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Intermediate Muni 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 Intermediate Muni. 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

0.68	TIOCX	Transamerica Inflation	Pair Corr
0.66	RTIOX	Transamerica Inflation	Pair Corr
0.7	ICVRX	Transamerica Asset	Pair Corr
0.61	TAAKX	Transamerica Asset	Pair Corr
0.73	TAADX	Transamerica Bond Class	Pair Corr
0.76	TCTZX	Transamerica Cleartrack	Pair Corr
0.93	VWITX	Vanguard Intermediate-ter	Pair Corr
0.92	VWIUX	Vanguard Intermediate-ter	Pair Corr
0.92	AFTEX	Tax Exempt Bond	Pair Corr
0.91	AFTFX	Tax Exempt Bond	Pair Corr
0.98	TEBCX	Tax Exempt Bond	Pair Corr
0.92	TEAFX	Tax Exempt Bond	Pair Corr
1.0	TFEBX	Tax Exempt Bond	Pair Corr
0.92	FLTMX	Fidelity Intermediate	Pair Corr
0.91	MDNLX	Blackrock National	Pair Corr
0.97	MFNLX	Blackrock Natl Muni	Pair Corr
0.72	JHBCX	Jhancock Blue Chip	Pair Corr

Related Correlations Analysis

	MSTBX	XMHFX	MBSAX	ANAGX	ANBIX	TWTCX	SCCIX	MDMTX	BBINX
MSTBX		0.05	0.76	0.61	0.62	0.44	0.4	0.54	0.59	MSTBX
XMHFX	0.05		0.37	0.75	0.56	0.8	0.86	0.69	0.74	XMHFX
MBSAX	0.76	0.37		0.76	0.55	0.72	0.58	0.8	0.79	MBSAX
ANAGX	0.61	0.75	0.76		0.74	0.86	0.92	0.85	0.91	ANAGX
ANBIX	0.62	0.56	0.55	0.74		0.64	0.78	0.61	0.62	ANBIX
TWTCX	0.44	0.8	0.72	0.86	0.64		0.82	0.97	0.89	TWTCX
SCCIX	0.4	0.86	0.58	0.92	0.78	0.82		0.77	0.77	SCCIX
MDMTX	0.54	0.69	0.8	0.85	0.61	0.97	0.77		0.89	MDMTX
BBINX	0.59	0.74	0.79	0.91	0.62	0.89	0.77	0.89		BBINX
	MSTBX	XMHFX	MBSAX	ANAGX	ANBIX	TWTCX	SCCIX	MDMTX	BBINX

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Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Intermediate 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 Intermediate'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
MSTBX	0.10	0.00	(0.48)	(0.26)	0.05	(0.15)	0.21	(0.21)	0.62
XMHFX	0.22	(0.04)	0.00	(1.46)	0.00	0.00	0.42	(0.55)	1.67
MBSAX	0.20	0.01	(0.21)	0.46	0.23	(0.22)	0.52	(0.45)	1.55
ANAGX	0.17	(0.01)	(0.36)	(0.71)	0.17	(0.27)	0.44	(0.29)	1.16
ANBIX	0.14	(0.01)	(0.37)	(3.63)	0.17	(0.17)	0.29	(0.29)	0.78
TWTCX	0.14	(0.01)	(0.23)	(0.08)	0.20	(0.20)	0.28	(0.28)	1.31
SCCIX	0.27	(0.02)	0.00	(2.51)	0.00	0.00	0.57	(0.66)	1.79
MDMTX	0.20	0.00	(0.16)	0.13	0.24	(0.27)	0.48	(0.56)	1.72
BBINX	0.15	(0.01)	(0.23)	(0.40)	0.21	(0.20)	0.30	(0.29)	1.27

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Transamerica Intermediate Correlations

Transamerica Intermediate Correlation With Market

Significant diversification

Moving together with Transamerica Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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