Tiaa Cref Correlations

The current 90-days correlation between Tiaa Cref Large and Tiaa Cref Mid Cap Value is 0.03 (i.e., Significant diversification). The correlation of Tiaa Cref 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.

Tiaa Cref Correlation With Market

Poor diversification

The correlation between Tiaa Cref Large Cap Value and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. 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 main economic indicators.

Moving together with Tiaa Mutual Fund

  0.7TEQWX Tiaa Cref EquityPairCorr
  0.93TEWCX Tiaa Cref SocialPairCorr
  0.83TGIHX Tiaa Cref GrowthPairCorr
  0.75TGIWX Tiaa Cref GrowthPairCorr
  0.87THCVX Tiaa Cref LargePairCorr

Moving against Tiaa Mutual Fund

  0.49TGRNX Tiaa Cref GreenPairCorr
  0.48TGRKX Tiaa Cref GreenPairCorr
  0.48TGRLX Tiaa Cref GreenPairCorr
  0.43TESHX Tiaa Cref ShortPairCorr
  0.42TGROX Tiaa Cref GreenPairCorr
  0.52TIBHX Tiaa Cref BondPairCorr
  0.49TIBFX Tiaa Cref BondPairCorr
  0.48TGRMX Tiaa Cref GreenPairCorr
  0.45TIBDX Tiaa Cref BondPairCorr
  0.45TIDPX Tiaa Cref BondPairCorr
  0.43TIDRX Tiaa Cref BondPairCorr

Related Correlations Analysis

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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   
TCSEXTCMVX
TCMGXTCMVX
TCSEXTCMGX
TCREXTIERX
TCREXTCSEX
TCREXTCMVX
  
High negative correlations   
TIERXTCMGX
TIERXTCMVX
TIERXTCSEX

Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref 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 Tiaa Cref'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.