Tiaa-cref Growth Correlations

TGIHX Fund

USD 16.78 0.01 0.06%

The current 90-days correlation between Tiaa Cref Growth and Pimco Dynamic Income is -0.01 (i.e., Good diversification). The correlation of Tiaa-cref Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Tiaa Cref Growth Income and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Growth Income 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 Growth Income. 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 census.

Moving together with Tiaa-cref Mutual Fund

0.92	TEDNX	Tiaa Cref Emerging	Pair Corr
0.91	TEDLX	Tiaa Cref Emerging	Pair Corr
0.91	TEDHX	Tiaa Cref Emerging	Pair Corr
0.91	TEDVX	Tiaa Cref Emerging	Pair Corr
0.91	TEDTX	Tiaa Cref Emerging	Pair Corr
0.91	TEDPX	Tiaa Cref Emerging	Pair Corr
0.96	TEIHX	Tiaa Cref Equity	Pair Corr
0.92	TEMLX	Tiaa Cref Emerging	Pair Corr
0.92	TEMHX	Tiaa Cref Emerging	Pair Corr
0.92	TEMVX	Tiaa Cref Emerging	Pair Corr
0.92	TEMRX	Tiaa Cref Emerging	Pair Corr
0.92	TEMPX	Tiaa Cref Emerging	Pair Corr
0.92	TEQLX	Tiaa Cref Emerging	Pair Corr
0.92	TEQHX	Tiaa Cref Emerging	Pair Corr
0.96	TEQWX	Tiaa Cref Equity	Pair Corr
0.76	TESHX	Tiaa-cref Short-term	Pair Corr
0.95	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.95	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.95	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.96	TFTIX	Tiaa Cref Lifecycle	Pair Corr
1.0	TGIWX	Tiaa Cref Growth	Pair Corr
0.73	TGROX	Tiaa Cref Green	Pair Corr
0.73	TGRLX	Tiaa Cref Green	Pair Corr
0.73	TGRMX	Tiaa Cref Green	Pair Corr
0.87	THCVX	Tiaa-cref Large-cap	Pair Corr
0.76	TIBDX	Tiaa Cref Bond	Pair Corr
0.77	TIBFX	Tiaa Cref Bond	Pair Corr
0.86	TIBNX	Tiaa Cref Intl	Pair Corr
0.76	TIBHX	Tiaa Cref Bond	Pair Corr
0.87	TIBUX	Tiaa Cref International	Pair Corr
0.76	TIDRX	Tiaa Cref Bond	Pair Corr
0.76	TIDPX	Tiaa Cref Bond	Pair Corr
0.96	TIEIX	Tiaa Cref Equity	Pair Corr
0.91	TIERX	Tiaa Cref International	Pair Corr
0.91	TIEWX	Tiaa Cref International	Pair Corr
0.85	TIHHX	Tiaa Cref High	Pair Corr
0.84	TIHRX	Tiaa-cref High-yield	Pair Corr
0.84	TIHPX	Tiaa-cref High-yield	Pair Corr
0.87	TIHYX	Tiaa-cref High-yield	Pair Corr
0.86	TIHWX	Tiaa-cref High-yield	Pair Corr

Related Correlations Analysis

	PDI	TPLGX	FOSKX	FDFIX	JGICX	JDNNX	JADGX	JGINX	JDNRX
PDI		-0.39	-0.33	-0.4	-0.26	-0.27	-0.26	-0.27	-0.26	PDI
TPLGX	-0.39		0.62	0.97	0.95	0.95	0.95	0.95	0.95	TPLGX
FOSKX	-0.33	0.62		0.58	0.59	0.58	0.59	0.58	0.59	FOSKX
FDFIX	-0.4	0.97	0.58		0.98	0.98	0.98	0.98	0.98	FDFIX
JGICX	-0.26	0.95	0.59	0.98		1.0	1.0	1.0	1.0	JGICX
JDNNX	-0.27	0.95	0.58	0.98	1.0		1.0	1.0	1.0	JDNNX
JADGX	-0.26	0.95	0.59	0.98	1.0	1.0		1.0	1.0	JADGX
JGINX	-0.27	0.95	0.58	0.98	1.0	1.0	1.0		1.0	JGINX
JDNRX	-0.26	0.95	0.59	0.98	1.0	1.0	1.0	1.0		JDNRX
	PDI	TPLGX	FOSKX	FDFIX	JGICX	JDNNX	JADGX	JGINX	JDNRX

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

JDNNX	+ 1.0	JGICX
JADGX	+ 1.0	JGICX
JGINX	+ 1.0	JGICX
JDNRX	+ 1.0	JGICX
JADGX	+ 1.0	JDNNX
JGINX	+ 1.0	JDNNX

High negative correlations

FDFIX	- 0.4	PDI
TPLGX	- 0.39	PDI
FOSKX	- 0.33	PDI
JGINX	- 0.27	PDI
JDNNX	- 0.27	PDI
JDNRX	- 0.26	PDI

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Growth 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 Growth'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
PDI	0.46	(0.04)	0.00	0.54	0.00	0.00	0.85	(1.14)	5.81
TPLGX	0.73	(0.03)	(0.02)	0.03	1.15	(0.68)	1.64	(1.83)	5.09
FOSKX	0.56	(0.08)	0.00	(0.03)	0.00	0.00	1.15	(1.27)	3.60
FDFIX	0.52	0.00	(0.01)	0.06	0.73	(0.53)	1.24	(1.10)	4.26
JGICX	0.53	(0.02)	(0.04)	0.04	0.65	(0.59)	1.13	(0.81)	3.80
JDNNX	0.53	(0.02)	(0.04)	0.04	0.65	(0.59)	1.14	(0.82)	3.80
JADGX	0.53	(0.02)	(0.04)	0.04	0.65	(0.59)	1.13	(0.81)	3.78
JGINX	0.53	(0.02)	(0.04)	0.04	0.65	(0.59)	1.12	(0.82)	3.81
JDNRX	0.53	(0.02)	(0.04)	0.04	0.65	(0.59)	1.13	(0.83)	3.80

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