Tiaa Cref Correlations

TRHBX Fund

USD 25.38 0.11 0.43%

The current 90-days correlation between Tiaa Cref Small and T Rowe Price is 0.46 (i.e., Very weak 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

Very poor diversification

The correlation between Tiaa Cref Small Cap Blend and DJI is 0.8 (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 Small Cap Blend 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 Blend. 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 bureau of labor statistics.

Moving together with Tiaa Mutual Fund

0.92	TEIHX	Tiaa Cref Equity	Pair Corr
0.88	TEQWX	Tiaa Cref Equity	Pair Corr
0.86	TEWCX	Tiaa Cref Social	Pair Corr
0.72	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.71	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.71	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.85	TGIHX	Tiaa Cref Growth	Pair Corr
0.82	TGIWX	Tiaa Cref Growth	Pair Corr
0.95	THCVX	Tiaa Cref Large	Pair Corr

Moving against Tiaa Mutual Fund

0.53	TESHX	Tiaa Cref Short	Pair Corr
0.5	TGRKX	Tiaa Cref Green	Pair Corr
0.35	TEMRX	Tiaa Cref Emerging	Pair Corr
0.34	TEMLX	Tiaa Cref Emerging	Pair Corr
0.34	TEMHX	Tiaa Cref Emerging	Pair Corr
0.34	TEMSX	Tiaa Cref Emerging	Pair Corr
0.34	TEMPX	Tiaa Cref Emerging	Pair Corr
0.58	TIBDX	Tiaa Cref Bond	Pair Corr
0.55	TIBHX	Tiaa Cref Bond	Pair Corr
0.55	TIDRX	Tiaa Cref Bond	Pair Corr
0.54	TIDPX	Tiaa Cref Bond	Pair Corr
0.51	TGROX	Tiaa Cref Green	Pair Corr
0.51	TGRLX	Tiaa Cref Green	Pair Corr
0.51	TGRMX	Tiaa Cref Green	Pair Corr
0.51	TIBFX	Tiaa Cref Bond	Pair Corr
0.51	TIIHX	Tiaa Cref Inflation	Pair Corr

Related Correlations Analysis

	TRSAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7	RRTLX
TRSAX		-0.46	0.0	0.11	0.57	0.68	0.11	0.72	-0.12	0.68	TRSAX
444859BR2	-0.46		0.0	0.22	-0.42	-0.36	-0.06	-0.41	-0.06	-0.35	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.11	0.22	0.0		-0.27	-0.13	-0.2	0.18	-0.31	-0.21	BRRAY
MSTSX	0.57	-0.42	0.0	-0.27		0.67	0.34	0.08	0.19	0.78	MSTSX
LBHIX	0.68	-0.36	0.0	-0.13	0.67		0.59	0.48	0.14	0.83	LBHIX
ABHYX	0.11	-0.06	0.0	-0.2	0.34	0.59		0.11	0.35	0.54	ABHYX
VIASP	0.72	-0.41	0.0	0.18	0.08	0.48	0.11		-0.19	0.34	VIASP
144285AL7	-0.12	-0.06	0.0	-0.31	0.19	0.14	0.35	-0.19		0.06	144285AL7
RRTLX	0.68	-0.35	0.0	-0.21	0.78	0.83	0.54	0.34	0.06		RRTLX
	TRSAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7	RRTLX

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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

RRTLX	+ 0.83	LBHIX
RRTLX	+ 0.78	MSTSX
VIASP	+ 0.72	TRSAX
LBHIX	+ 0.68	TRSAX
RRTLX	+ 0.68	TRSAX
LBHIX	+ 0.67	MSTSX

High negative correlations

444859BR2	- 0.46	TRSAX
MSTSX	- 0.42	444859BR2
VIASP	- 0.41	444859BR2
LBHIX	- 0.36	444859BR2
RRTLX	- 0.35	444859BR2
144285AL7	- 0.31	BRRAY

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
TRSAX	0.65	0.12	0.08	0.30	0.63	(0.66)	1.82	(1.39)	5.08
444859BR2	1.39	(0.06)	0.00	(0.39)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.14)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	0.00	(0.23)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
144285AL7	0.34	(0.02)	0.00	(0.37)	0.00	0.00	0.96	(0.95)	2.43
RRTLX	0.22	0.03	(0.25)	0.71	0.12	(0.26)	0.48	(0.47)	1.36

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