Cleartrack 2050 Correlations

TRNTX Fund

USD 7.11 0.04 0.57%

The current 90-days correlation between Cleartrack 2050 Class and Artisan Select Equity is -0.08 (i.e., Good diversification). The correlation of Cleartrack 2050 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 2050 Correlation With Market

Very poor diversification

The correlation between Cleartrack 2050 Class and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cleartrack 2050 Class 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 Cleartrack 2050 Class. 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 Cleartrack Mutual Fund

0.71	ILLLX	Transamerica Capital	Pair Corr
0.86	TWMTX	Transamerica Growth	Pair Corr
0.82	TWQZX	Transamerica Large Cap	Pair Corr
0.89	TWQAX	Transamerica Large Cap	Pair Corr
0.89	TWQIX	Transamerica Large Cap	Pair Corr
0.64	TFLAX	Transamerica Floating	Pair Corr
0.71	TFOIX	Transamerica Capital	Pair Corr
0.99	IMGRX	Transamerica Asset	Pair Corr
0.99	IMLLX	Transamerica Asset	Pair Corr
0.9	IMOLX	Transamerica Asset	Pair Corr
0.76	INCLX	Transamerica High Yield	Pair Corr
0.78	TGWTX	Transamerica Large Growth	Pair Corr
0.76	IAAEX	Transamerica Financial	Pair Corr
0.9	TLACX	Transamerica Large Core	Pair Corr
0.9	TLAFX	Transamerica Large Core	Pair Corr
0.9	TLARX	Transamerica Large Core	Pair Corr
0.9	TLATX	Transamerica Large Core	Pair Corr
0.69	IALAX	Transamerica Capital	Pair Corr
0.87	TLORX	Transamerica Large Value	Pair Corr
0.74	ISCGX	Transamerica Small Cap	Pair Corr
0.95	IBALX	Transamerica Multi-managed	Pair Corr
0.67	TMCLX	Transamerica Mlp Energy	Pair Corr
0.99	TMGIX	Transamerica Asset	Pair Corr
0.89	TMITX	Transamerica Mid Cap	Pair Corr
0.67	TMLAX	Transamerica Mlp Energy	Pair Corr
0.67	TMLPX	Transamerica Mlp Energy	Pair Corr

Moving against Cleartrack Mutual Fund

0.48	TFXIX	Transamerica Flexible	Pair Corr
0.49	TMBRX	Transamerica Intermediate	Pair Corr
0.48	TMBFX	Transamerica Intermediate	Pair Corr
0.49	IFLLX	Transamerica Flexible	Pair Corr
0.48	IDITX	Transamerica Flexible	Pair Corr

Related Correlations Analysis

	APDNX	FLDFX	RGELX	DIVHX	DFVEX	RUSIX	DBLFX
APDNX		0.86	0.84	0.85	0.9	0.72	-0.54	APDNX
FLDFX	0.86		0.83	0.84	0.81	0.51	-0.44	FLDFX
RGELX	0.84	0.83		0.89	0.92	0.77	-0.55	RGELX
DIVHX	0.85	0.84	0.89		0.81	0.73	-0.48	DIVHX
DFVEX	0.9	0.81	0.92	0.81		0.76	-0.7	DFVEX
RUSIX	0.72	0.51	0.77	0.73	0.76		-0.64	RUSIX
DBLFX	-0.54	-0.44	-0.55	-0.48	-0.7	-0.64		DBLFX
	APDNX	FLDFX	RGELX	DIVHX	DFVEX	RUSIX	DBLFX

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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

DFVEX	+ 0.92	RGELX
DFVEX	+ 0.9	APDNX
DIVHX	+ 0.89	RGELX
FLDFX	+ 0.86	APDNX
DIVHX	+ 0.85	APDNX
RGELX	+ 0.84	APDNX

High negative correlations

DBLFX	- 0.7	DFVEX
DBLFX	- 0.64	RUSIX
DBLFX	- 0.55	RGELX
DBLFX	- 0.54	APDNX
DBLFX	- 0.48	DIVHX
DBLFX	- 0.44	FLDFX

Risk-Adjusted Indicators

There is a big difference between Cleartrack Mutual Fund performing well and Cleartrack 2050 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 2050'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
APDNX	0.55	0.09	(0.06)	(1.45)	0.47	(0.66)	1.24	(0.99)	3.41
FLDFX	0.41	0.01	(0.19)	0.79	0.53	(0.44)	0.64	(0.98)	2.60
RGELX	0.57	0.00	(0.05)	0.12	0.62	(0.65)	1.31	(1.29)	3.60
DIVHX	0.49	0.10	(0.03)	2.26	0.31	(0.57)	1.12	(0.74)	2.83
DFVEX	0.64	(0.02)	0.00	0.11	0.64	(0.74)	1.41	(1.06)	5.26
RUSIX	0.04	0.01	0.00	(1.06)	0.00	0.00	0.10	0.00	0.50
DBLFX	0.20	(0.02)	0.00	0.48	0.00	0.00	0.43	(0.54)	1.19

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