Tiaa-cref Emerging Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Emerging Markets
TEMRX Fund  USD 10.32  0.06  0.58%   
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 0.08 (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 real.

Moving together with Tiaa-cref Mutual Fund

  0.95TEDNX Tiaa Cref EmergingPairCorr
  0.96TEDLX Tiaa Cref EmergingPairCorr
  0.93TEDHX Tiaa Cref EmergingPairCorr
  0.94TEDVX Tiaa Cref EmergingPairCorr
  0.94TEDTX Tiaa Cref EmergingPairCorr
  0.94TEDPX Tiaa Cref EmergingPairCorr
  0.93TEIHX Tiaa Cref EquityPairCorr
  0.97TEMLX Tiaa Cref EmergingPairCorr
  0.97TEMHX Tiaa Cref EmergingPairCorr
  0.97TEMVX Tiaa Cref EmergingPairCorr
  0.96TEMSX Tiaa Cref EmergingPairCorr
  0.97TEMPX Tiaa Cref EmergingPairCorr
  0.96TENWX Tiaa Cref EmergingPairCorr
  0.96TEQLX Tiaa Cref EmergingPairCorr
  0.97TEQKX Tiaa Cref EmergingPairCorr
  0.96TEQHX Tiaa Cref EmergingPairCorr
  0.93TEQWX Tiaa Cref EquityPairCorr
  0.97TEQSX Tiaa Cref EmergingPairCorr
  0.96TEQPX Tiaa Cref EmergingPairCorr
  0.82TESHX Tiaa-cref Short-termPairCorr
  0.93TFITX Tiaa Cref LifecyclePairCorr
  0.93TFIRX Tiaa Cref LifecyclePairCorr
  0.93TFIPX Tiaa Cref LifecyclePairCorr
  0.93TFIHX Tiaa Cref LifecyclePairCorr
  0.92TFTIX Tiaa Cref LifecyclePairCorr
  0.85TFTHX Tiaa Cref LifecyclePairCorr
  0.88TGIHX Tiaa Cref GrowthPairCorr
  0.88TGIWX Tiaa Cref GrowthPairCorr
  0.83TGRKX Tiaa Cref GreenPairCorr
  0.8TGRNX Tiaa Cref GreenPairCorr
  0.82TGROX Tiaa Cref GreenPairCorr
  0.83TGRLX Tiaa Cref GreenPairCorr
  0.78TGRMX Tiaa Cref GreenPairCorr
  0.86THCVX Tiaa-cref Large-capPairCorr
  0.82TIBDX Tiaa Cref BondPairCorr
  0.86TIBEX Tiaa Cref IntlPairCorr
  0.85TIBFX Tiaa Cref BondPairCorr
  0.92TIBNX Tiaa Cref IntlPairCorr
  0.92TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.14  0.04 (0.16)(0.72) 0.00 
(0.21)
 0.44 
(0.22)
 0.78 
TEDLX  0.14  0.04 (0.17)(0.86) 0.00 
(0.21)
 0.34 
(0.22)
 0.78 
TEDHX  0.14  0.03 (0.15) 0.39  0.00 
(0.22)
 0.34 
(0.22)
 0.78 
TEDVX  0.15  0.04 (0.14) 0.39  0.00 
(0.22)
 0.45 
(0.23)
 0.79 
TEDTX  0.14  0.03 (0.15) 0.39  0.00 
(0.21)
 0.44 
(0.22)
 0.78 
TEDPX  0.14  0.03 (0.17) 0.41  0.00 
(0.22)
 0.34 
(0.22)
 0.78 
TEIHX  0.52 (0.01)(0.01) 0.06  0.73 
(0.50)
 1.15 
(1.13)
 4.43 
TEMLX  0.74  0.13  0.10  0.22  0.88 
(0.87)
 1.68 
(1.19)
 5.89 
TEMHX  0.75  0.13  0.10  0.22  0.89 
(0.87)
 1.68 
(1.29)
 5.89 
TEMVX  0.75  0.13  0.11  0.22  0.83 
(0.83)
 1.75 
(1.18)
 5.94 

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