Tiaa-cref Real Correlations

TCREX Fund

USD 17.76 0.06 0.34%

The current 90-days correlation between Tiaa Cref Real and Tiaa Cref Mid Cap Value is 0.7 (i.e., Poor diversification). The correlation of Tiaa-cref Real 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 Real Correlation With Market

Good diversification

The correlation between Tiaa Cref Real Estate and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Real Estate 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 Real Estate. 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 income.

Moving together with Tiaa-cref Mutual Fund

0.65	DX	Dynex Capital	Pair Corr
0.75	FR	First Industrial Realty	Pair Corr
0.69	OZ	Belpointe PREP LLC	Pair Corr
0.64	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.62	DOUG	Douglas Elliman	Pair Corr
0.73	VNO-PL	Vornado Realty Trust	Pair Corr
0.71	VNO-PM	Vornado Realty Trust	Pair Corr
0.66	VNO-PN	Vornado Realty Trust	Pair Corr
0.65	MITT-PA	AG Mortgage Investment	Pair Corr
0.78	MITT-PB	AG Mortgage Investment	Pair Corr
0.78	MITT-PC	AG Mortgage Investment	Pair Corr
0.71	EARN	Ellington Residential	Pair Corr
0.76	ELME	Elme Communities	Pair Corr
0.62	ESBA	Empire State Realty	Pair Corr
0.68	CDR-PC	Cedar Realty Trust	Pair Corr
0.66	ESRT	Empire State Realty Earnings Call Today	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.61	WETH	Wetouch Technology Common	Pair Corr
0.6	WHLR	Wheeler Real Estate	Pair Corr
0.59	ADC	Agree Realty	Pair Corr
0.52	FCPT	Four Corners Property Earnings Call This Week	Pair Corr
0.39	FBRT	Franklin BSP Realty	Pair Corr

Related Correlations Analysis

	TCMVX	TCSEX	TCMGX	TCLCX	TIERX
TCMVX		0.99	0.95	0.99	0.95	TCMVX
TCSEX	0.99		0.97	0.99	0.96	TCSEX
TCMGX	0.95	0.97		0.94	0.96	TCMGX
TCLCX	0.99	0.99	0.94		0.94	TCLCX
TIERX	0.95	0.96	0.96	0.94		TIERX
	TCMVX	TCSEX	TCMGX	TCLCX	TIERX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Real 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 Real'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
TCMVX	0.69	0.22	0.07	(1.27)	0.69	(0.77)	1.98	(1.13)	5.10
TCSEX	0.83	0.26	0.09	(1.46)	0.83	(0.92)	2.12	(1.78)	5.65
TCMGX	0.94	0.35	0.17	(1.44)	0.67	(1.11)	2.69	(1.53)	5.80
TCLCX	0.58	0.15	0.02	(2.84)	0.50	(0.65)	1.57	(1.14)	4.21
TIERX	0.62	0.20	0.07	(2.41)	0.51	(0.73)	1.38	(1.31)	3.29

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