Tiaa Cref Correlations

TIISX Fund  USD 10.71  0.02  0.19%   
The current 90-days correlation between Tiaa Cref Intl and Tiaa Cref Emerging Markets is 0.63 (i.e., Poor 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

Weak diversification

The correlation between Tiaa Cref Intl Small Cap and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Intl Small Cap 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 Intl Small Cap. 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 state.

Moving together with Tiaa Mutual Fund

  0.75TEDNX Tiaa Cref EmergingPairCorr
  0.75TEDLX Tiaa Cref EmergingPairCorr
  0.75TEDHX Tiaa Cref EmergingPairCorr
  0.62TEDVX Tiaa Cref EmergingPairCorr
  0.74TEDTX Tiaa Cref EmergingPairCorr
  0.76TEDPX Tiaa Cref EmergingPairCorr
  0.72TEMLX Tiaa Cref EmergingPairCorr
  0.71TEMHX Tiaa Cref EmergingPairCorr
  0.62TEMVX Tiaa Cref EmergingPairCorr
  0.71TEMRX Tiaa Cref EmergingPairCorr
  0.71TEMSX Tiaa Cref EmergingPairCorr
  0.67TEQLX Tiaa Cref EmergingPairCorr
  0.67TEQHX Tiaa Cref EmergingPairCorr
  0.67TEQPX Tiaa Cref EmergingPairCorr
  0.75TESHX Tiaa Cref ShortPairCorr
  0.78TGROX Tiaa Cref GreenPairCorr
  0.77TIBDX Tiaa Cref BondPairCorr
  0.78TIDRX Tiaa Cref BondPairCorr
  0.78TIDPX Tiaa Cref BondPairCorr
  0.88TIIHX Tiaa Cref InflationPairCorr
  0.88TIIWX Tiaa Cref InflationPairCorr
  0.88TIKPX Tiaa Cref InflationPairCorr
  0.88TIKRX Tiaa Cref InflationPairCorr

Moving against Tiaa Mutual Fund

  0.63TEIHX Tiaa Cref EquityPairCorr
  0.59TEQWX Tiaa Cref EquityPairCorr
  0.34TFITX Tiaa Cref LifecyclePairCorr
  0.63TINRX Tiaa Cref EquityPairCorr
  0.61TILIX Tiaa Cref Large Potential GrowthPairCorr
  0.59TIEIX Tiaa Cref EquityPairCorr
  0.58TILWX Tiaa Cref LargePairCorr
  0.54TILRX Tiaa Cref LargePairCorr
  0.35TIHHX Tiaa Cref HighPairCorr
  0.34TFIHX Tiaa Cref LifecyclePairCorr

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   
TEDLXTEDNX
TEDHXTEDNX
TEDTXTEDNX
TEDPXTEDNX
TEDHXTEDLX
TEDTXTEDLX
  
High negative correlations   
TEMHXTEIHX
TEMLXTEIHX
TEMVXTEIHX
TEIHXTEDHX
TEIHXTEDLX
TEIHXTEDPX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.19 (0.03) 0.00 (0.37) 0.00 
 0.34 
 2.85 
TEDLX  0.19 (0.03) 0.00 (0.36) 0.00 
 0.34 
 2.86 
TEDHX  0.19 (0.03) 0.00 (0.41) 0.00 
 0.34 
 2.85 
TEDVX  0.19 (0.02) 0.00 (0.24) 0.00 
 0.34 
 2.97 
TEDTX  0.19 (0.03) 0.00 (0.34) 0.00 
 0.34 
 2.86 
TEDPX  0.19 (0.03) 0.00 (0.30) 0.00 
 0.34 
 2.63 
TEIHX  0.50  0.05  0.06  0.16  0.44 
 0.99 
 4.15 
TEMLX  0.76 (0.05) 0.00 (0.10) 0.00 
 1.69 
 6.03 
TEMHX  0.76 (0.05) 0.00 (0.09) 0.00 
 1.69 
 6.03 
TEMVX  0.79 (0.03) 0.00 (1.06) 0.00 
 1.68 
 6.10