Tiaa-cref Funds Correlations

TIEXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between Tiaa Cref Funds and Dreyfus Technology Growth is -0.07 (i.e., Good diversification). The correlation of Tiaa-cref Funds 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 Funds Correlation With Market

Significant diversification

The correlation between Tiaa Cref Funds and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Funds 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 Funds . Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Tiaa-cref Money Market Fund

0.61	MSFT	Microsoft Sell-off Trend	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.78	WMT	Walmart Aggressive Push	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr

Moving against Tiaa-cref Money Market Fund

0.39

Procter Gamble Sell-off Trend

Pair Corr

Related Correlations Analysis

	DTEYX	PGKCX	BSTSX	CMTFX	GISTX	PGKZX	TEPIX
DTEYX		1.0	0.86	1.0	1.0	1.0	0.86	DTEYX
PGKCX	1.0		0.86	1.0	1.0	1.0	0.86	PGKCX
BSTSX	0.86	0.86		0.85	0.86	0.86	1.0	BSTSX
CMTFX	1.0	1.0	0.85		1.0	1.0	0.85	CMTFX
GISTX	1.0	1.0	0.86	1.0		1.0	0.86	GISTX
PGKZX	1.0	1.0	0.86	1.0	1.0		0.86	PGKZX
TEPIX	0.86	0.86	1.0	0.85	0.86	0.86		TEPIX
	DTEYX	PGKCX	BSTSX	CMTFX	GISTX	PGKZX	TEPIX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Money Market Fund performing well and Tiaa-cref Funds Money Market 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 Funds' 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
DTEYX	1.28	0.54	0.37	0.69	0.83	(1.60)	3.35	(1.43)	17.17
PGKCX	1.33	0.51	0.32	0.61	1.02	(1.66)	3.34	(1.88)	18.49
BSTSX	1.25	0.59	0.33	(3.06)	0.90	(1.54)	2.96	(1.76)	17.40
CMTFX	1.27	0.52	0.33	0.63	0.97	(1.55)	3.02	(1.82)	18.13
GISTX	1.25	0.49	0.31	0.64	0.89	(1.59)	3.03	(1.87)	17.58
PGKZX	1.35	0.51	0.32	0.60	1.00	(1.71)	3.32	(1.89)	18.53
TEPIX	1.89	0.88	0.33	(3.35)	1.62	(2.35)	4.42	(2.76)	27.33

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