Transamerica Intermediate Correlations

TMBRX Fund

USD 8.62 0.02 0.23%

The current 90-days correlation between Transamerica Intermediate and Dimensional Retirement Income is 0.08 (i.e., Significant 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

Good diversification

The correlation between Transamerica Intermediate Bond and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Intermediate 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 Intermediate 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 metropolitan statistical area.

Moving together with Transamerica Mutual Fund

1.0	TFXIX	Transamerica Flexible	Pair Corr
0.77	TGRFX	Transamerica International	Pair Corr
0.74	TIHJX	Transamerica International	Pair Corr
0.95	TIOAX	Transamerica Inflation	Pair Corr
0.71	TIMTX	Transamerica Intermediate	Pair Corr
0.94	RTIOX	Transamerica Inflation	Pair Corr
1.0	TMBFX	Transamerica Intermediate	Pair Corr
0.76	ITAAX	Transamerica Short Term	Pair Corr
0.8	ITACX	Transamerica Short Term	Pair Corr

Moving against Transamerica Mutual Fund

0.77	TWQZX	Transamerica Large Cap	Pair Corr
0.77	TGWTX	Transamerica Large Growth	Pair Corr
0.76	TWQIX	Transamerica Large Cap	Pair Corr
0.75	ILLLX	Transamerica Capital	Pair Corr
0.75	TWQAX	Transamerica Large Cap	Pair Corr
0.75	TFOIX	Transamerica Capital	Pair Corr
0.74	TWMTX	Transamerica Growth	Pair Corr
0.44	IMGRX	Transamerica Asset	Pair Corr
0.32	INCLX	Transamerica High Yield	Pair Corr
0.76	TLAFX	Transamerica Large Core	Pair Corr
0.76	TLATX	Transamerica Large Core	Pair Corr
0.76	TMCLX	Transamerica Mlp Energy	Pair Corr
0.75	IALAX	Transamerica Capital	Pair Corr
0.74	TLORX	Transamerica Large Value	Pair Corr
0.7	TMITX	Transamerica Mid Cap	Pair Corr
0.61	ISCGX	Transamerica Small Cap	Pair Corr
0.57	IAAEX	Transamerica Financial	Pair Corr
0.57	IBALX	Transamerica Multi-managed	Pair Corr
0.69	MCGAX	Transamerica Mid Cap	Pair Corr
0.58	MVTRX	Transamerica Mid Cap	Pair Corr
0.57	TOTFX	Transamerica Mid Cap	Pair Corr
0.57	MVTIX	Transamerica Mid Cap	Pair Corr
0.55	IBLLX	Transamerica Multi-managed	Pair Corr
0.55	MCVCX	Transamerica Mid Cap	Pair Corr

Related Correlations Analysis

	TDIFX	FRTCX	HBAIX	CMACX	BIMPX	FHRVX
TDIFX		0.85	0.73	0.87	0.93	0.85	TDIFX
FRTCX	0.85		0.88	0.81	0.85	0.82	FRTCX
HBAIX	0.73	0.88		0.86	0.77	0.59	HBAIX
CMACX	0.87	0.81	0.86		0.93	0.63	CMACX
BIMPX	0.93	0.85	0.77	0.93		0.75	BIMPX
FHRVX	0.85	0.82	0.59	0.63	0.75		FHRVX
	TDIFX	FRTCX	HBAIX	CMACX	BIMPX	FHRVX

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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
TDIFX	0.16	0.00	(0.51)	0.12	0.15	(0.18)	0.35	(0.26)	0.95
FRTCX	0.22	(0.01)	(0.33)	0.06	0.22	(0.24)	0.39	(0.48)	1.14
HBAIX	0.35	(0.03)	(0.18)	0.06	0.42	(0.38)	0.83	(0.68)	2.05
CMACX	0.35	0.01	(0.22)	0.51	0.43	(0.36)	0.72	(0.71)	2.02
BIMPX	0.25	0.00	(0.31)	0.11	0.25	(0.35)	0.68	(0.60)	1.58
FHRVX	0.25	(0.03)	(0.39)	(0.01)	0.29	(0.28)	0.56	(0.55)	1.54

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