Tiaa Cref Correlations

TCSEX Fund

USD 18.11 0.24 1.31%

The current 90-days correlation between Tiaa Cref Small and Lsv Small Cap is 0.11 (i.e., Average 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 Small Cap Equity and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Small Cap Equity 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 Small Cap Equity. 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 income.

Moving together with Tiaa Mutual Fund

0.69	TEIHX	Tiaa Cref Equity	Pair Corr
0.7	TEQWX	Tiaa Cref Equity	Pair Corr
0.93	TEWCX	Tiaa Cref Social	Pair Corr
0.91	TGIHX	Tiaa Cref Growth	Pair Corr
0.8	TGIWX	Tiaa Cref Growth	Pair Corr
0.94	THCVX	Tiaa Cref Large	Pair Corr

Moving against Tiaa Mutual Fund

0.47	TESHX	Tiaa Cref Short	Pair Corr
0.42	TGRKX	Tiaa Cref Green	Pair Corr
0.31	TEMRX	Tiaa Cref Emerging	Pair Corr
0.5	TIDPX	Tiaa Cref Bond	Pair Corr
0.45	TIBHX	Tiaa Cref Bond	Pair Corr
0.44	TIBDX	Tiaa Cref Bond	Pair Corr
0.44	TIDRX	Tiaa Cref Bond	Pair Corr
0.42	TGROX	Tiaa Cref Green	Pair Corr
0.42	TGRLX	Tiaa Cref Green	Pair Corr
0.42	TGRMX	Tiaa Cref Green	Pair Corr
0.41	TGRNX	Tiaa Cref Green	Pair Corr
0.41	TIBFX	Tiaa Cref Bond	Pair Corr

Related Correlations Analysis

	LVAQX	ARSMX	PCSVX	MAVKX	WBVNX	VVSCX	LRSOX
LVAQX		0.98	0.93	0.99	0.94	0.94	0.99	LVAQX
ARSMX	0.98		0.95	0.99	0.93	0.93	0.99	ARSMX
PCSVX	0.93	0.95		0.93	0.96	0.97	0.95	PCSVX
MAVKX	0.99	0.99	0.93		0.94	0.94	0.99	MAVKX
WBVNX	0.94	0.93	0.96	0.94		0.99	0.95	WBVNX
VVSCX	0.94	0.93	0.97	0.94	0.99		0.95	VVSCX
LRSOX	0.99	0.99	0.95	0.99	0.95	0.95		LRSOX
	LVAQX	ARSMX	PCSVX	MAVKX	WBVNX	VVSCX	LRSOX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LVAQX	0.79	0.13	0.06	0.86	0.62	(0.97)	1.72	(1.35)	7.39
ARSMX	0.68	0.18	0.20	0.78	0.00	(0.98)	1.77	(0.79)	5.55
PCSVX	0.74	0.04	0.09	0.13	0.49	(0.93)	1.83	(1.12)	5.70
MAVKX	0.82	0.16	0.10	0.85	0.57	(1.00)	1.97	(1.13)	7.83
WBVNX	0.85	(0.01)	0.05	0.10	0.70	(1.00)	1.88	(1.35)	7.52
VVSCX	0.87	0.00	0.05	0.10	0.72	(1.02)	1.97	(1.45)	8.16
LRSOX	0.83	0.17	0.12	0.64	0.55	(1.03)	2.12	(1.24)	7.26

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