Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Short Term Bond
TCTWX Fund  USD 10.16  0.01  0.1%   
The current 90-days correlation between Tiaa Cref Short and Tiaa Cref Emerging Markets is 0.12 (i.e., Average 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

Good diversification

The correlation between Tiaa Cref Short Term Bond and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Short Term Bond 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 Short Term 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 housing.

Moving together with Tiaa Mutual Fund

  0.95TIHHX Tiaa Cref HighPairCorr
  0.87TIIHX Tiaa Cref InflationPairCorr
  0.87TIIEX Tiaa Cref InternationalPairCorr
  0.93TIISX Tiaa Cref IntlPairCorr
  0.89TIIRX Tiaa Cref GrowthPairCorr
  0.87TIILX Tiaa Cref InflationPairCorr
  0.87TIIWX Tiaa Cref InflationPairCorr
  1.0TISIX Tiaa Cref ShortPairCorr
  0.68TIREX Tiaa Cref RealPairCorr
  0.93TLSHX Tiaa Cref LifestylePairCorr
  0.93TPISX Tiaa Cref IntlPairCorr
  0.93TRCIX Tiaa Cref LifecyclePairCorr
  0.89TRCPX Tiaa Cref LargePairCorr
  0.89TRCVX Tiaa Cref LargePairCorr
  0.93TSCTX Tiaa Cref LifestylePairCorr
  0.88TSMUX Tiaa-cref Small/mid-capPairCorr
  0.87TCILX Tiaa-cref Inflation-linkedPairCorr
  0.68TCREX Tiaa Cref RealPairCorr
  0.88VBIRX Vanguard Short TermPairCorr
  0.89VFSUX Vanguard Short TermPairCorr
  0.99VFSIX Vanguard Short TermPairCorr
  0.99VFSTX Vanguard Short TermPairCorr
  0.96VBITX Vanguard Short TermPairCorr
  0.97VBISX Vanguard Short TermPairCorr
  0.97LALDX Lord Abbett ShortPairCorr
  0.97VSCSX Vanguard Short TermPairCorr
  0.98LDLAX Lord Abbett ShortPairCorr
  0.98LDLRX Lord Abbett ShortPairCorr
  0.88CPAYX Columbia Pacific/asiaPairCorr
  0.93CASAX Columbia Pacific/asiaPairCorr
  0.71CCCZX Center St BrookfieldPairCorr
  0.93CASCX Columbia PacificasiaPairCorr
  0.88MMCGX Mid Cap GrowthPairCorr
  0.88MSKLX Mid Cap GrowthPairCorr
  0.87CISGX Touchstone Sands CapitalPairCorr
  0.93PCGQX Prudential Income BuilderPairCorr
  0.95WAYRX Western Asset HighPairCorr
  0.95TFSLX Touchstone FlexiblePairCorr
  0.88PSILX Spectrum InternationalPairCorr
  0.87VMCIX Vanguard Mid CapPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.17  0.07 (0.23) 0.81  0.00 
(0.26)
 0.48 
(0.24)
 1.07 
TEDLX  0.17  0.07 (0.23) 1.06  0.00 
(0.27)
 0.48 
(0.24)
 0.96 
TEDHX  0.16  0.07 (0.28) 0.89  0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.08 (0.23) 0.92  0.00 
(0.25)
 0.58 
(0.24)
 0.96 
TEDTX  0.17  0.07 (0.25) 0.87  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDPX  0.16  0.08 (0.25) 0.99  0.00 
(0.25)
 0.36 
(0.23)
 1.08 
TEIHX  0.67  0.12  0.11  0.26  0.54 
(0.76)
 2.07 
(1.16)
 5.02 
TEMLX  0.56  0.20  0.19  0.56  0.07 
(0.78)
 1.57 
(1.00)
 4.39 
TEMHX  0.58  0.20  0.19  0.54  0.13 
(0.77)
 1.57 
(1.07)
 4.39 
TEMVX  0.58  0.21  0.20  0.56  0.00 
(0.79)
 1.56 
(1.06)
 4.26 

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