Tiaa-cref Large-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Value
THCVX Fund  USD 27.42  0.16  0.58%   
The current 90-days correlation between Tiaa-cref Large-cap and Transamerica High Yield is 0.69 (i.e., Poor diversification). The correlation of Tiaa-cref Large-cap 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 Large-cap Correlation With Market

Average diversification

The correlation between Tiaa Cref Large Cap Value and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value 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 Large Cap Value. 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

  0.92TEDNX Tiaa Cref EmergingPairCorr
  0.92TEDLX Tiaa Cref EmergingPairCorr
  0.94TEDHX Tiaa Cref EmergingPairCorr
  0.92TEDVX Tiaa Cref EmergingPairCorr
  0.93TEDTX Tiaa Cref EmergingPairCorr
  0.93TEDPX Tiaa Cref EmergingPairCorr
  0.94TEMVX Tiaa Cref EmergingPairCorr
  0.94TEMPX Tiaa Cref EmergingPairCorr
  0.95TENWX Tiaa Cref EmergingPairCorr
  0.92TEQLX Tiaa Cref EmergingPairCorr
  0.95TEQKX Tiaa Cref EmergingPairCorr
  0.95TEQHX Tiaa Cref EmergingPairCorr
  0.97TEQWX Tiaa Cref EquityPairCorr
  0.92TEQSX Tiaa Cref EmergingPairCorr
  0.92TEQPX Tiaa Cref EmergingPairCorr
  0.7TESHX Tiaa-cref Short-termPairCorr
  0.93TFIRX Tiaa Cref LifecyclePairCorr
  0.93TFIPX Tiaa Cref LifecyclePairCorr
  0.93TGIHX Tiaa Cref GrowthPairCorr
  0.74TGRNX Tiaa Cref GreenPairCorr
  0.61TIBDX Tiaa Cref BondPairCorr
  0.76TIBLX Tiaa Cref IntlPairCorr
  0.96TICRX Tiaa Cref SocialPairCorr
  0.9TIEHX Tiaa Cref InternationalPairCorr
  0.95TIHHX Tiaa Cref HighPairCorr
  0.93TIHRX Tiaa-cref High-yieldPairCorr
  0.95TIHYX Tiaa-cref High-yieldPairCorr
  0.62TIIHX Tiaa Cref InflationPairCorr
  0.93TIIRX Tiaa Cref GrowthPairCorr
  0.94TILRX Tiaa Cref LargePairCorr
  0.9TILPX Tiaa Cref LargePairCorr
  0.94TILWX Tiaa-cref Large-capPairCorr
  0.96TIMIX Tiaa Cref ManagedPairCorr
  0.63TIKPX Tiaa-cref Inflation-linkedPairCorr
  0.61TIKRX Tiaa-cref Inflation-linkedPairCorr
  0.9TILHX Tiaa-cref Large-capPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Large-cap 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 Large-cap'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.

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