Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Mid Cap Value
TCMVX Fund  USD 17.61  0.05  0.28%   
The current 90-days correlation between Tiaa Cref Mid and Virtus Convertible is 0.21 (i.e., Modest 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

Average diversification

The correlation between Tiaa Cref Mid Cap Value and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Mid 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, which includes a position in Tiaa Cref Mid Cap Value. 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 real.

Moving together with Tiaa Mutual Fund

  0.79TEIHX Tiaa Cref EquityPairCorr
  0.86TEQWX Tiaa Cref EquityPairCorr
  0.79TEWCX Tiaa Cref SocialPairCorr
  0.66TFITX Tiaa Cref LifecyclePairCorr
  0.65TFIRX Tiaa Cref LifecyclePairCorr
  0.65TFIPX Tiaa Cref LifecyclePairCorr
  0.64TFIHX Tiaa Cref LifecyclePairCorr
  0.65TFTIX Tiaa Cref LifecyclePairCorr
  0.65TFTHX Tiaa Cref LifecyclePairCorr
  0.81TGIHX Tiaa Cref GrowthPairCorr
  0.92TGIWX Tiaa Cref GrowthPairCorr
  0.93THCVX Tiaa Cref LargePairCorr

Moving against Tiaa Mutual Fund

  0.32TEMRX Tiaa Cref EmergingPairCorr
  0.31TEMLX Tiaa Cref EmergingPairCorr
  0.31TEMHX Tiaa Cref EmergingPairCorr
  0.31TEMSX Tiaa Cref EmergingPairCorr
  0.31TEMPX Tiaa Cref EmergingPairCorr
  0.53TESHX Tiaa Cref ShortPairCorr
  0.5TGRLX Tiaa Cref GreenPairCorr
  0.49TGRKX Tiaa Cref GreenPairCorr
  0.49TGRNX Tiaa Cref GreenPairCorr
  0.49TGROX Tiaa Cref GreenPairCorr
  0.58TIDPX Tiaa Cref BondPairCorr
  0.54TIBHX Tiaa Cref BondPairCorr
  0.54TIDRX Tiaa Cref BondPairCorr
  0.53TIBDX Tiaa Cref BondPairCorr
  0.5TIBFX Tiaa Cref BondPairCorr
  0.49TGRMX Tiaa Cref GreenPairCorr

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   
XNCVX
+ 0.99
VAADX
LCFYX
+ 0.99
VAADX
LCFYX
+ 0.98
XNCVX
ARBOX
+ 0.94
VAADX
ARBOX
+ 0.94
XNCVX
LCFYX
+ 0.93
ARBOX
  
High negative correlations   
CCD
- 0.4
VAADX
XNCVX
- 0.39
CCD
LCFYX
- 0.38
CCD
AVK
- 0.36
CCD
ARBOX
- 0.32
CCD

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.

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