Transamerica Growth Correlations

TWMTX Fund

USD 125.36 0.12 0.1%

The current 90-days correlation between Transamerica Growth and Federated Equity Income is -0.09 (i.e., Good diversification). The correlation of Transamerica Growth 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 Growth Correlation With Market

Good diversification

The correlation between Transamerica Growth T and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Growth T 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 Growth T. 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

0.83	ILLLX	Transamerica Capital Steady Growth	Pair Corr
0.94	TWQZX	Transamerica Large Cap	Pair Corr
0.91	TWQAX	Transamerica Large Cap	Pair Corr
0.91	TWQIX	Transamerica Large Cap	Pair Corr
0.64	IMDRX	Transamerica Asset	Pair Corr
0.91	IMCGX	Transamerica Mid Cap	Pair Corr
0.83	TFOIX	Transamerica Capital Steady Growth	Pair Corr
0.9	IMLLX	Transamerica Asset	Pair Corr
0.64	IMOAX	Transamerica Asset	Pair Corr
0.69	INCLX	Transamerica High Yield	Pair Corr
0.88	TGWTX	Transamerica Large Growth	Pair Corr
0.74	RTSGX	Transamerica Small Cap	Pair Corr
0.9	IAAAX	Transamerica Asset	Pair Corr
0.71	IAAEX	Transamerica Financial	Pair Corr
0.93	TLARX	Transamerica Large Core	Pair Corr
0.93	TLATX	Transamerica Large Core	Pair Corr
0.86	IALAX	Transamerica Capital Steady Growth	Pair Corr
0.74	ISCGX	Transamerica Small Cap	Pair Corr
0.97	IBALX	Transamerica Multi-managed	Pair Corr
0.79	TMCLX	Transamerica Mlp Energy	Pair Corr
0.91	TMITX	Transamerica Mid Cap	Pair Corr
0.79	TMLAX	Transamerica Mlp Energy	Pair Corr

Moving against Transamerica Mutual Fund

0.53	TGRGX	Transamerica International	Pair Corr
0.71	TMBTX	Transamerica Intermediate	Pair Corr
0.55	TIOCX	Transamerica Inflation	Pair Corr
0.51	TIOAX	Transamerica Inflation	Pair Corr
0.71	IDITX	Transamerica Flexible	Pair Corr
0.71	IFLLX	Transamerica Flexible	Pair Corr
0.41	ITIOX	Transamerica Inflation	Pair Corr
0.41	TRWFX	Transamerica Intl Equity	Pair Corr

Related Correlations Analysis

	FDERX	VTCAX	TOIIX	GSCYX	HQIAX	LEQCX
FDERX		0.79	0.17	0.92	0.83	0.82	FDERX
VTCAX	0.79		0.06	0.86	0.89	0.97	VTCAX
TOIIX	0.17	0.06		-0.08	0.27	-0.06	TOIIX
GSCYX	0.92	0.86	-0.08		0.76	0.91	GSCYX
HQIAX	0.83	0.89	0.27	0.76		0.86	HQIAX
LEQCX	0.82	0.97	-0.06	0.91	0.86		LEQCX
	FDERX	VTCAX	TOIIX	GSCYX	HQIAX	LEQCX

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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

LEQCX	+ 0.97	VTCAX
GSCYX	+ 0.92	FDERX
LEQCX	+ 0.91	GSCYX
HQIAX	+ 0.89	VTCAX
GSCYX	+ 0.86	VTCAX
LEQCX	+ 0.86	HQIAX

High negative correlations

GSCYX	- 0.08	TOIIX
LEQCX	- 0.06	TOIIX

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Growth 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 Growth'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
FDERX	0.53	(0.03)	(0.07)	0.07	0.50	(0.63)	1.10	(0.95)	3.89
VTCAX	0.64	0.16	0.05	(1.39)	0.72	(0.66)	1.23	(1.62)	4.55
TOIIX	0.65	(0.03)	0.00	0.47	0.00	0.00	1.43	(1.59)	4.09
GSCYX	0.86	(0.01)	0.03	0.09	0.85	(1.05)	2.14	(1.37)	7.13
HQIAX	0.45	0.07	(0.07)	(0.77)	0.39	(0.54)	1.00	(0.85)	3.28
LEQCX	0.39	0.08	(0.05)	(0.91)	0.34	(0.46)	0.90	(0.73)	2.38

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