Tiaa-cref Growth Correlations

TIGRX Fund  USD 15.76  0.01  0.06%   
The current 90-days correlation between Tiaa Cref Growth and Invesco Technology Fund is 0.91 (i.e., Almost no diversification). The correlation of Tiaa-cref Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Tiaa Cref Growth Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Growth Income 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 Growth Income. 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 metropolitan statistical area.

Moving together with Tiaa-cref Mutual Fund

  0.95TEDNX Tiaa Cref EmergingPairCorr
  0.95TEDLX Tiaa Cref EmergingPairCorr
  0.95TEDHX Tiaa Cref EmergingPairCorr
  0.95TEDVX Tiaa Cref EmergingPairCorr
  0.95TEDTX Tiaa Cref EmergingPairCorr
  0.95TEDPX Tiaa Cref EmergingPairCorr
  0.98TEIHX Tiaa Cref EquityPairCorr
  0.98TEMLX Tiaa Cref EmergingPairCorr
  0.98TEMHX Tiaa Cref EmergingPairCorr
  0.98TEMVX Tiaa Cref EmergingPairCorr
  0.98TEMRX Tiaa Cref EmergingPairCorr
  0.98TEMSX Tiaa Cref EmergingPairCorr
  0.98TENWX Tiaa Cref EmergingPairCorr
  0.98TEQLX Tiaa Cref EmergingPairCorr
  0.98TEQHX Tiaa Cref EmergingPairCorr
  1.0TEQWX Tiaa Cref EquityPairCorr
  0.98TEQPX Tiaa Cref EmergingPairCorr
  0.99TFITX Tiaa Cref LifecyclePairCorr
  0.99TFIRX Tiaa Cref LifecyclePairCorr
  0.98TFIPX Tiaa Cref LifecyclePairCorr
  0.99TFIHX Tiaa Cref LifecyclePairCorr
  0.99TFTIX Tiaa Cref LifecyclePairCorr
  1.0TFTHX Tiaa Cref LifecyclePairCorr
  1.0TGIHX Tiaa Cref GrowthPairCorr
  1.0TGIWX Tiaa Cref GrowthPairCorr
  0.82TGRKX Tiaa Cref GreenPairCorr
  0.82TGRNX Tiaa Cref GreenPairCorr
  0.82TGRLX Tiaa Cref GreenPairCorr
  0.81TGRMX Tiaa Cref GreenPairCorr
  0.99THCVX Tiaa Cref LargePairCorr
  0.7TIBDX Tiaa Cref BondPairCorr
  0.84TIBEX Tiaa Cref IntlPairCorr
  0.7TIBFX Tiaa Cref BondPairCorr
  0.84TIBNX Tiaa Cref IntlPairCorr
  0.84TIBLX Tiaa Cref IntlPairCorr
  0.69TIBHX Tiaa Cref BondPairCorr
  0.85TIBVX Tiaa Cref IntlPairCorr
  0.69TIDRX Tiaa Cref BondPairCorr
  0.69TIDPX Tiaa Cref BondPairCorr
  0.85TIBWX 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 Growth 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 Growth'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.