Tiaa-cref Bond Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Bond Advisor
TIBHX Fund  USD 9.10  0.02  0.22%   
The current 90-days correlation between Tiaa Cref Bond and Tiaa Cref Emerging Markets is 0.47 (i.e., Very weak 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

Modest diversification

The correlation between Tiaa Cref Bond Advisor and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Bond Advisor 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 Advisor. 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 rate.

Moving together with Tiaa-cref Mutual Fund

  0.8TEDNX Tiaa Cref EmergingPairCorr
  0.8TEDLX Tiaa Cref EmergingPairCorr
  0.8TEDHX Tiaa Cref EmergingPairCorr
  0.8TEDVX Tiaa Cref EmergingPairCorr
  0.8TEDTX Tiaa Cref EmergingPairCorr
  0.8TEDPX Tiaa Cref EmergingPairCorr
  0.69TEIHX Tiaa Cref EquityPairCorr
  0.69TEMLX Tiaa Cref EmergingPairCorr
  0.69TEMHX Tiaa Cref EmergingPairCorr
  0.69TEMVX Tiaa Cref EmergingPairCorr
  0.69TEMRX Tiaa Cref EmergingPairCorr
  0.69TEMSX Tiaa Cref EmergingPairCorr
  0.71TENWX Tiaa Cref EmergingPairCorr
  0.7TEQLX Tiaa Cref EmergingPairCorr
  0.7TEQHX Tiaa Cref EmergingPairCorr
  0.69TEQWX Tiaa Cref EquityPairCorr
  0.7TEQSX Tiaa Cref EmergingPairCorr
  0.7TEQPX Tiaa Cref EmergingPairCorr
  0.81TESHX Tiaa Cref ShortPairCorr
  0.7TFITX Tiaa Cref LifecyclePairCorr
  0.7TFIRX Tiaa Cref LifecyclePairCorr
  0.7TFIPX Tiaa Cref LifecyclePairCorr
  0.7TFIHX Tiaa Cref LifecyclePairCorr
  0.71TFTIX Tiaa Cref LifecyclePairCorr
  0.71TFTHX Tiaa Cref LifecyclePairCorr
  0.7TGIHX Tiaa Cref GrowthPairCorr
  0.7TGIWX Tiaa Cref GrowthPairCorr
  0.97TGRKX Tiaa Cref GreenPairCorr
  0.97TGRNX Tiaa Cref GreenPairCorr
  0.82TGROX Tiaa Cref GreenPairCorr
  0.97TGRLX Tiaa Cref GreenPairCorr
  0.98TGRMX Tiaa Cref GreenPairCorr
  0.71THCVX Tiaa Cref LargePairCorr
  1.0TIBDX Tiaa Cref BondPairCorr
  0.9TIBEX Tiaa Cref IntlPairCorr
  1.0TIBFX Tiaa Cref BondPairCorr
  0.89TIBNX Tiaa Cref IntlPairCorr
  0.89TIBLX Tiaa Cref IntlPairCorr

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.17  0.07 (0.23) 0.81  0.00 
(0.26)
 0.48 
(0.24)
 1.07 
TEDLX  0.17  0.07 (0.23) 1.06  0.00 
(0.27)
 0.48 
(0.24)
 0.96 
TEDHX  0.16  0.07 (0.28) 0.89  0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.08 (0.23) 0.92  0.00 
(0.25)
 0.58 
(0.24)
 0.96 
TEDTX  0.17  0.07 (0.25) 0.87  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDPX  0.16  0.08 (0.25) 0.99  0.00 
(0.25)
 0.36 
(0.23)
 1.08 
TEIHX  0.67  0.12  0.11  0.26  0.54 
(0.76)
 2.07 
(1.16)
 5.02 
TEMLX  0.56  0.20  0.19  0.56  0.07 
(0.78)
 1.57 
(1.00)
 4.39 
TEMHX  0.58  0.20  0.19  0.54  0.13 
(0.77)
 1.57 
(1.07)
 4.39 
TEMVX  0.58  0.21  0.20  0.56  0.00 
(0.79)
 1.56 
(1.06)
 4.26 

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