Tiaa-cref Emerging Correlations
| TEMSX Fund | USD 7.98 0.43 0.45% |
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 |
Moving together with Tiaa-cref Mutual Fund
| 0.99 | NEWCX | New World Fund | PairCorr |
| 0.77 | AISTX | Limited Duration | PairCorr |
| 0.65 | HD | Home Depot | PairCorr |
| 0.78 | T | ATT Inc | PairCorr |
| 0.81 | IBM | International Business | PairCorr |
| 0.8 | GE | GE Aerospace | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp | PairCorr |
| 0.86 | CAT | Caterpillar | PairCorr |
| 0.81 | AXP | American Express | PairCorr |
| 0.87 | MMM | 3M Company | PairCorr |
| 0.95 | MSFT | Microsoft | PairCorr |
| 0.84 | CSCO | Cisco Systems | PairCorr |
| 0.72 | WMT | Walmart | PairCorr |
| 0.92 | DD | Dupont De Nemours | PairCorr |
| 0.94 | BA | Boeing | PairCorr |
Moving against Tiaa-cref Mutual Fund
Related Correlations Analysis
| 0.88 | 0.0 | 0.81 | 0.0 | 0.0 | 0.74 | SMAAX | ||
| 0.88 | 0.0 | 0.85 | 0.0 | 0.0 | 0.78 | STSEX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
| 0.81 | 0.85 | 0.0 | 0.0 | 0.0 | 0.96 | VMRXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MPIXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.74 | 0.78 | 0.0 | 0.96 | 0.0 | 0.0 | FZDXX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMAAX | 0.18 | 0.03 | (0.48) | (0.11) | 0.32 | 0.30 | 2.16 | |||
| STSEX | 0.75 | 0.08 | 0.04 | 0.37 | 0.38 | 1.78 | 9.23 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VMRXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| MPIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FZDXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |