Tiaa-cref Large-cap Correlations

Mutual Funds USA . 
Fund . Tiaa Cref Large Cap Value
TCLCX Fund  USD 22.29  0.03  0.13%   
The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Mid Cap Value is 0.95 (i.e., Almost no diversification). The correlation of Tiaa-cref Large-cap 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 Large-cap Correlation With Market

Good diversification

The correlation between Tiaa Cref Large Cap Value and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value 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 Large Cap Value. 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 main economic indicators.

Moving together with Tiaa-cref Mutual Fund

  0.96TEDNX Tiaa Cref EmergingPairCorr
  0.96TEDLX Tiaa Cref EmergingPairCorr
  0.97TEDHX Tiaa Cref EmergingPairCorr
  0.96TEDVX Tiaa Cref EmergingPairCorr
  0.97TEDTX Tiaa Cref EmergingPairCorr
  0.97TEDPX Tiaa Cref EmergingPairCorr
  0.99TEIHX Tiaa Cref EquityPairCorr
  0.96TEMLX Tiaa Cref Emerging Steady GrowthPairCorr
  0.97TEMHX Tiaa Cref Emerging Steady GrowthPairCorr
  0.98TEMVX Tiaa Cref Emerging Steady GrowthPairCorr
  0.98TEMRX Tiaa Cref Emerging Steady GrowthPairCorr
  0.96TEMSX Tiaa Cref Emerging Steady GrowthPairCorr
  0.96TEMPX Tiaa Cref Emerging Steady GrowthPairCorr
  0.97TENWX Tiaa Cref EmergingPairCorr
  0.97TEQLX Tiaa Cref EmergingPairCorr
  0.98TEQKX Tiaa Cref EmergingPairCorr
  0.98TEQHX Tiaa Cref EmergingPairCorr
  0.98TEQWX Tiaa Cref EquityPairCorr
  0.97TEQSX Tiaa Cref EmergingPairCorr
  0.97TEQPX Tiaa Cref EmergingPairCorr
  0.8TESHX Tiaa Cref ShortPairCorr
  0.97TFITX Tiaa Cref LifecyclePairCorr
  0.97TFIRX Tiaa Cref LifecyclePairCorr
  0.97TFIPX Tiaa Cref LifecyclePairCorr
  0.97TFIHX Tiaa Cref LifecyclePairCorr
  0.97TFTIX Tiaa Cref LifecyclePairCorr
  0.97TFTHX Tiaa Cref LifecyclePairCorr
  0.99TGIHX Tiaa Cref GrowthPairCorr
  0.99TGIWX Tiaa Cref GrowthPairCorr
  0.82TGRKX Tiaa Cref GreenPairCorr
  0.83TGRNX Tiaa Cref GreenPairCorr
  0.83TGROX Tiaa Cref GreenPairCorr
  0.84TGRLX Tiaa Cref GreenPairCorr
  0.83TGRMX Tiaa Cref GreenPairCorr
  0.97THCVX Tiaa Cref LargePairCorr
  0.7TIBDX Tiaa Cref BondPairCorr
  0.85TIBEX Tiaa Cref IntlPairCorr
  0.7TIBFX Tiaa Cref BondPairCorr
  0.82TIBNX Tiaa Cref IntlPairCorr
  0.82TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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