Tiaa-cref Real Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Real Estate
TCREX Fund  USD 18.09  0.29  1.63%   
The current 90-days correlation between Tiaa Cref Real and Tiaa Cref Mid Cap Value is 0.65 (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

Very weak diversification

The correlation between Tiaa Cref Real Estate and DJI is 0.45 (i.e., Very weak 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

  0.95VGSNX Vanguard Reit IndexPairCorr
  0.94CSCIX Cohen Steers RealPairCorr
  0.93CSEIX Cohen Steers RealPairCorr
  0.93CSDIX Cohen Steers RealPairCorr
  0.95VRTPX Vanguard Reit IiPairCorr
  0.93CSRIX Cohen And SteersPairCorr
  0.97PIREX Real Estate SecuritiesPairCorr
  0.62MSTSX Morningstar UnconstrainedPairCorr
  0.61MFLDX Marketfield Fund MarPairCorr
  0.62FASCX Franklin K2 AlternativePairCorr
  0.61FDEGX Fidelity Growth StraPairCorr
  0.62PALCX Allianzgi Global AllPairCorr
  0.61SPSDX Sterling Capital BehPairCorr
  0.62RRTLX T Rowe PricePairCorr
  0.62SWYAX Schwab Target 2010PairCorr
  0.61RYRUX Russell 2000 2x Steady GrowthPairCorr
  0.65CSRYX Columbia Select LargePairCorr
  0.61HBLYX Hartford BalancedPairCorr
  0.61DGINX Dgi BalancedPairCorr
  0.62FFEGX Fidelity Freedom IndexPairCorr
  0.61FNILX Fidelity Zero LargePairCorr

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 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.

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