Tiaa-cref Emerging Correlations

TEMPX Fund

USD 8.90 0.10 1.11%

The current 90-days correlation between Tiaa Cref Emerging and Highland Longshort Healthcare is 0.01 (i.e., Significant diversification). The correlation of Tiaa-cref Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Emerging Markets 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 Emerging Markets. 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 american community survey.

Moving together with Tiaa-cref Mutual Fund

0.74	TEDNX	Tiaa Cref Emerging	Pair Corr
0.75	TEDTX	Tiaa Cref Emerging	Pair Corr
0.82	TEMRX	Tiaa Cref Emerging	Pair Corr
0.84	TEMSX	Tiaa Cref Emerging	Pair Corr
0.99	TENWX	Tiaa Cref Emerging	Pair Corr
0.99	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.81	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.78	TGIHX	Tiaa Cref Growth	Pair Corr
0.61	TIDPX	Tiaa Cref Bond	Pair Corr
0.81	TIHYX	Tiaa-cref High-yield	Pair Corr
0.98	TIGRX	Tiaa Cref Growth	Pair Corr
0.97	TILWX	Tiaa Cref Large	Pair Corr
0.97	TILVX	Tiaa Cref Large	Pair Corr
0.98	TIMRX	Tiaa Cref Managed	Pair Corr
0.98	TIMVX	Tiaa Cref Mid	Pair Corr
0.79	TISEX	Tiaa-cref Small-cap	Pair Corr
0.8	TISBX	Tiaa-cref Small-cap	Pair Corr
0.79	TISCX	Tiaa Cref Social	Pair Corr
0.79	TISAX	Tiaa Cref Sp	Pair Corr
0.72	TISIX	Tiaa-cref Short-term	Pair Corr
0.98	TISPX	Tiaa Cref Sp	Pair Corr
0.8	TIREX	Tiaa Cref Real	Pair Corr
0.97	TLFAX	Tiaa Cref Lifecycle	Pair Corr
0.78	TLRHX	Tiaa Cref Lifecycle	Pair Corr
0.78	TLSHX	Tiaa Cref Lifestyle	Pair Corr
0.75	TRCPX	Tiaa Cref Large	Pair Corr
0.86	TREPX	Tiaa Cref International	Pair Corr
0.75	TRLWX	Tiaa-cref Large-cap	Pair Corr
0.83	TRPWX	Tiaa Cref Mid	Pair Corr
0.61	TRSHX	Tiaa Cref Short	Pair Corr
0.8	TAISX	Tiaa Cref Intl	Pair Corr
0.79	TSCHX	Tiaa-cref Small-cap	Pair Corr
0.78	TSCLX	Tiaa Cref Lifestyle	Pair Corr
0.99	TSGRX	Tiaa Cref Lifestyle	Pair Corr

Related Correlations Analysis

	HHCZX	VGHCX	LOGSX	LYFAX	AHSCX	BHSRX	SWHFX
HHCZX		0.27	0.65	0.0	0.65	0.27	0.01	HHCZX
VGHCX	0.27		0.6	0.89	0.74	0.61	0.92	VGHCX
LOGSX	0.65	0.6		0.36	0.89	0.2	0.37	LOGSX
LYFAX	0.0	0.89	0.36		0.53	0.59	0.98	LYFAX
AHSCX	0.65	0.74	0.89	0.53		0.37	0.53	AHSCX
BHSRX	0.27	0.61	0.2	0.59	0.37		0.61	BHSRX
SWHFX	0.01	0.92	0.37	0.98	0.53	0.61		SWHFX
	HHCZX	VGHCX	LOGSX	LYFAX	AHSCX	BHSRX	SWHFX

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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

SWHFX	+ 0.98	LYFAX
SWHFX	+ 0.92	VGHCX
LYFAX	+ 0.89	VGHCX
AHSCX	+ 0.89	LOGSX
AHSCX	+ 0.74	VGHCX
LOGSX	+ 0.65	HHCZX

High negative correlations

LYFAX

- 0.0

HHCZX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Emerging 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 Emerging'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
HHCZX	0.20	0.07	(0.06)	(3.62)	0.00	(0.26)	0.54	(0.36)	1.99
VGHCX	1.02	0.04	0.00	0.17	1.31	(1.10)	1.91	(2.38)	7.19
LOGSX	0.86	0.08	0.03	0.27	0.92	(0.97)	1.74	(1.53)	6.79
LYFAX	0.88	0.01	(0.02)	0.12	1.20	(0.91)	1.80	(2.25)	6.81
AHSCX	0.77	0.08	0.03	0.30	0.83	(0.86)	1.42	(1.40)	6.51
BHSRX	0.90	0.08	(0.01)	(0.53)	1.22	(0.90)	1.73	(2.18)	7.42
SWHFX	0.95	0.03	(0.01)	0.15	1.28	(0.99)	1.70	(2.42)	7.05

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