Tiaa-cref Bond Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Bond Fund
TIBDX Fund  USD 9.31  0.01  0.11%   
The current 90-days correlation between Tiaa Cref Bond and Harding Loevner Emerging is -0.04 (i.e., Good diversification). The correlation of Tiaa-cref Bond 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 Bond Correlation With Market

Significant diversification

The correlation between Tiaa Cref Bond Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Bond Fund 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 Bond Fund. 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 commodities.

Moving together with Tiaa-cref Mutual Fund

  0.68TEMRX Tiaa Cref EmergingPairCorr
  0.64FREAX Nuveen Real EstatePairCorr
  0.7FREGX Nuveen Real EstatePairCorr
  0.81NPSAX Nuveen Preferred SecPairCorr
  0.82NPSFX Nuveen Preferred SecPairCorr
  0.82NPSCX Nuveen Preferred SecPairCorr
  0.85NPSRX Nuveen Preferred SecPairCorr
  0.88FRKSX Nuveen Kansas MunicipalPairCorr
  0.68FRLCX Nuveen Real EstatePairCorr
  0.87FAARX Nuveen All AmericanPairCorr
  0.87FAAWX Nuveen All AmericanPairCorr
  0.63FAFPX Nuveen Missouri MunicipalPairCorr
  0.82FAFOX Nuveen Kansas MunicipalPairCorr
  0.84FAFNX Nuveen Michigan MunicipalPairCorr
  0.63NQGCX Nuveen Nwq GlobalPairCorr
  0.87FAFMX Nuveen Ohio MunicipalPairCorr
  0.63FAFKX Nuveen Orado MunicipalPairCorr
  0.65NQGAX Nuveen Nwq GlobalPairCorr
  0.65NQGIX Nuveen Nwq GlobalPairCorr
  0.83FAMAX Nuveen Minnesota IntPairCorr
  0.89FAMTX Nuveen Minnesota IntPairCorr
  0.63FAQIX Nuveen Dividend ValuePairCorr
  0.65FARCX Nuveen Real EstatePairCorr

Moving against Tiaa-cref Mutual Fund

  0.38FSCVX Nuveen Small CapPairCorr
  0.36FSCCX First American InvestmentPairCorr
  0.36FSCAX Nuveen Small CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Bond 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 Bond'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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