Tiaa-cref Inflation-linked Correlations

TIKRX Fund

USD 10.73 0.00 0.00%

The current 90-days correlation between Tiaa-cref Inflation-linked and Global Technology Portfolio is -0.07 (i.e., Good diversification). The correlation of Tiaa-cref Inflation-linked 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 Inflation-linked Correlation With Market

Average diversification

The correlation between Tiaa Cref Inflation Linked Bon and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Inflation Linked Bon 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 Inflation Linked Bond. 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 metropolitan statistical area.

Moving together with Tiaa-cref Mutual Fund

0.62	TEDNX	Tiaa Cref Emerging	Pair Corr
0.62	TEDLX	Tiaa Cref Emerging	Pair Corr
0.62	TEDHX	Tiaa Cref Emerging	Pair Corr
0.63	TEDPX	Tiaa Cref Emerging	Pair Corr
0.86	TESHX	Tiaa Cref Short	Pair Corr
0.91	TGRKX	Tiaa Cref Green	Pair Corr
0.9	TGRNX	Tiaa Cref Green	Pair Corr
0.95	TGROX	Tiaa Cref Green	Pair Corr
0.91	TGRLX	Tiaa Cref Green	Pair Corr
0.96	TGRMX	Tiaa Cref Green	Pair Corr
0.93	TIBDX	Tiaa Cref Bond	Pair Corr
0.87	TIBFX	Tiaa Cref Bond	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.54	TEQWX	Tiaa Cref Equity	Pair Corr
0.52	TEIHX	Tiaa Cref Equity	Pair Corr
0.52	TEWCX	Tiaa Cref Social	Pair Corr
0.46	TGIWX	Tiaa Cref Growth	Pair Corr
0.45	TGIHX	Tiaa Cref Growth	Pair Corr
0.54	TIEIX	Tiaa Cref Equity	Pair Corr
0.51	TICHX	Tiaa Cref Social	Pair Corr
0.51	TICRX	Tiaa Cref Social	Pair Corr
0.48	THCVX	Tiaa-cref Large-cap	Pair Corr
0.45	TIGRX	Tiaa Cref Growth	Pair Corr
0.45	TIIRX	Tiaa Cref Growth	Pair Corr

Related Correlations Analysis

	JGLTX	CMTFX	USTCX	TOWTX	DRGTX	FIKHX	HTECX
JGLTX		1.0	0.93	0.83	0.99	0.97	0.87	JGLTX
CMTFX	1.0		0.93	0.83	0.99	0.98	0.86	CMTFX
USTCX	0.93	0.93		0.69	0.94	0.93	0.95	USTCX
TOWTX	0.83	0.83	0.69		0.82	0.78	0.67	TOWTX
DRGTX	0.99	0.99	0.94	0.82		0.96	0.87	DRGTX
FIKHX	0.97	0.98	0.93	0.78	0.96		0.87	FIKHX
HTECX	0.87	0.86	0.95	0.67	0.87	0.87		HTECX
	JGLTX	CMTFX	USTCX	TOWTX	DRGTX	FIKHX	HTECX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Inflation-linked 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 Inflation-linked'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
JGLTX	0.88	0.11	(0.01)	(1.53)	1.34	(0.85)	1.87	(2.61)	5.92
CMTFX	0.95	0.12	0.00	(1.94)	1.37	(0.94)	1.96	(2.56)	6.08
USTCX	0.89	0.08	0.05	0.19	1.24	(0.88)	2.39	(2.53)	6.28
TOWTX	0.60	0.00	(0.10)	0.01	1.10	(0.56)	1.12	(1.68)	6.26
DRGTX	0.94	0.17	0.03	(2.77)	1.47	(0.88)	1.80	(2.47)	6.64
FIKHX	1.00	0.14	0.01	12.02	1.55	(0.92)	1.82	(2.57)	6.73
HTECX	0.88	(0.04)	(0.01)	0.08	1.20	(0.83)	1.73	(2.15)	6.25

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