Tiaa-cref International Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref International Bond
TIBUX Fund  USD 8.85  0.01  0.11%   
The current 90-days correlation between Tiaa Cref International and Tiaa Cref Emerging Markets is 0.08 (i.e., Significant diversification). The correlation of Tiaa-cref International 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 International Correlation With Market

Modest diversification

The correlation between Tiaa Cref International Bond and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Bond 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 International Bond. 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 employment.

Moving together with Tiaa-cref Mutual Fund

  0.71TEDNX Tiaa Cref EmergingPairCorr
  0.66TEDLX Tiaa Cref EmergingPairCorr
  0.71TEDHX Tiaa Cref EmergingPairCorr
  0.71TEDVX Tiaa Cref EmergingPairCorr
  0.71TEDTX Tiaa Cref EmergingPairCorr
  0.71TEDPX Tiaa Cref EmergingPairCorr
  0.87TEMHX Tiaa Cref EmergingPairCorr
  0.86TEMPX Tiaa Cref EmergingPairCorr
  0.87TEQLX Tiaa Cref EmergingPairCorr
  0.87TEQKX Tiaa Cref EmergingPairCorr
  0.61TEQHX Tiaa Cref EmergingPairCorr
  0.87TEQSX Tiaa Cref EmergingPairCorr
  0.9TESHX Tiaa Cref ShortPairCorr
  0.87TFIHX Tiaa Cref LifecyclePairCorr
  0.87TFTIX Tiaa Cref LifecyclePairCorr
  0.87TFTHX Tiaa Cref LifecyclePairCorr
  0.76TGRKX Tiaa Cref GreenPairCorr
  0.7TGRNX Tiaa Cref GreenPairCorr
  0.95TGROX Tiaa Cref GreenPairCorr
  0.69TGRLX Tiaa Cref GreenPairCorr
  0.7TGRMX Tiaa Cref GreenPairCorr
  0.86THCVX Tiaa Cref LargePairCorr
  0.7TIBDX Tiaa Cref BondPairCorr
  1.0TIBEX Tiaa Cref IntlPairCorr
  0.69TIBFX Tiaa Cref BondPairCorr
  1.0TIBNX Tiaa Cref IntlPairCorr
  0.73TIBLX Tiaa Cref IntlPairCorr
  0.68TIBHX Tiaa Cref BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref International 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 International'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  0.16  0.07 (0.25) 1.68  0.00 
(0.26)
 0.47 
(0.23)
 1.07 
TEDLX  0.17  0.07 (0.26) 1.28  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDHX  0.16  0.07 (0.32) 1.53  0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.08 (0.27) 1.71  0.00 
(0.25)
 0.58 
(0.23)
 0.96 
TEDTX  0.17  0.07 (0.28) 1.68  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDPX  0.16  0.07 (0.28) 1.85  0.00 
(0.25)
 0.36 
(0.23)
 1.08 
TEIHX  0.59  0.27  0.22  4.49  0.00 
(0.73)
 1.65 
(0.80)
 5.02 
TEMLX  0.52  0.25  0.20  8.51  0.00 
(0.74)
 1.29 
(0.69)
 4.39 
TEMHX  0.58  0.20  0.19  0.54  0.13 
(0.77)
 1.57 
(1.07)
 4.39 
TEMVX  0.55  0.29  0.25 (4.73) 0.00 
(0.78)
 1.56 
(0.68)
 4.26 

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