Tiaa-cref Equity Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Equity Index
TEIHX Fund  USD 42.95  0.22  0.51%   
The current 90-days correlation between Tiaa Cref Equity and Prudential Core Conservative is -0.15 (i.e., Good diversification). The correlation of Tiaa-cref Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Tiaa Cref Equity Index and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Equity Index 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 Equity Index. 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 rate.

Moving together with Tiaa-cref Mutual Fund

  1.0TEQWX Tiaa Cref EquityPairCorr
  0.99TEWCX Tiaa Cref SocialPairCorr
  0.9TFITX Tiaa Cref LifecyclePairCorr
  0.9TFIRX Tiaa Cref LifecyclePairCorr
  0.9TFIPX Tiaa Cref LifecyclePairCorr
  0.9TFIHX Tiaa Cref LifecyclePairCorr
  0.9TFTIX Tiaa Cref LifecyclePairCorr
  0.89TFTHX Tiaa Cref LifecyclePairCorr
  0.98TGIHX Tiaa Cref GrowthPairCorr
  0.98TGIWX Tiaa Cref GrowthPairCorr
  0.97THCVX Tiaa-cref Large-capPairCorr

Moving against Tiaa-cref Mutual Fund

  0.62TGRNX Tiaa Cref GreenPairCorr
  0.61TGROX Tiaa Cref GreenPairCorr
  0.61TGRLX Tiaa Cref GreenPairCorr
  0.6TGRKX Tiaa Cref GreenPairCorr
  0.44TESHX Tiaa-cref Short-termPairCorr
  0.72TIDRX Tiaa Cref BondPairCorr
  0.71TIBHX Tiaa Cref BondPairCorr
  0.7TIBDX Tiaa Cref BondPairCorr
  0.7TIDPX Tiaa Cref BondPairCorr
  0.69TIBFX Tiaa Cref BondPairCorr
  0.61TGRMX 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   
EVFCX
+ 0.83
FPTPX
XHNWX
+ 0.63
EVFCX
HIIDX
+ 0.57
PQCNX
HIIDX
+ 0.56
EVFCX
XHNWX
+ 0.52
PQCNX
HIIDX
+ 0.5
FPTPX
  
High negative correlations   
FPTPX
- 0.07
PQCNX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Equity 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 Equity'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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