Tiaa Cref Correlations

TIMIX Fund

USD 13.17 0.05 0.38%

The current 90-days correlation between Tiaa Cref Managed and Dreyfus Short Intermediate is -0.4 (i.e., Very good diversification). The correlation of Tiaa Cref 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 Correlation With Market

Poor diversification

The correlation between Tiaa Cref Managed Allocation and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Managed Allocation 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 Managed Allocation. 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 gross domestic product.

Moving together with Tiaa Mutual Fund

0.68	FBONX	American Funds American	Pair Corr
0.68	FBAFX	American Funds American	Pair Corr
0.67	ABALX	American Balanced	Pair Corr
0.68	BALCX	American Balanced	Pair Corr
0.68	BALFX	American Balanced	Pair Corr
0.68	RLBCX	American Balanced	Pair Corr
0.68	RLBBX	American Balanced	Pair Corr
0.68	CLBAX	American Balanced	Pair Corr
0.68	CLBEX	American Balanced	Pair Corr
0.68	RLBFX	American Balanced	Pair Corr
0.67	BRUFX	Bruce Fund Bruce	Pair Corr
0.62	SPGSX	State Street Premier	Pair Corr
0.61	KF	Korea Closed	Pair Corr
0.69	RRSVX	Rbc Small Cap	Pair Corr
0.67	HERSX	Hartford Emerging Markets	Pair Corr
0.75	AISTX	Limited Duration	Pair Corr
0.72	CAT	Caterpillar Sell-off Trend	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.67	BAC	Bank of America Aggressive Push	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.61	AXP	American Express	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.68	CVX	Chevron Corp	Pair Corr

Moving against Tiaa Mutual Fund

0.4

MCD

McDonalds Sell-off Trend

Pair Corr

Related Correlations Analysis

	DMBAX	BDMKX	CMGUX	AOUNX	HYSZX	DULTX	SNORX
DMBAX		0.87	0.9	0.9	0.88	0.87	0.79	DMBAX
BDMKX	0.87		0.94	0.92	0.98	0.92	0.93	BDMKX
CMGUX	0.9	0.94		0.96	0.94	0.98	0.84	CMGUX
AOUNX	0.9	0.92	0.96		0.93	0.98	0.82	AOUNX
HYSZX	0.88	0.98	0.94	0.93		0.92	0.95	HYSZX
DULTX	0.87	0.92	0.98	0.98	0.92		0.82	DULTX
SNORX	0.79	0.93	0.84	0.82	0.95	0.82		SNORX
	DMBAX	BDMKX	CMGUX	AOUNX	HYSZX	DULTX	SNORX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref 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'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DMBAX	0.09	0.01	(0.28)	(0.06)	0.12	(0.12)	0.16	(0.39)	0.95
BDMKX	0.12	0.03	(0.28)	16.42	0.00	(0.17)	0.22	(0.22)	0.77
CMGUX	0.04	0.00	(0.84)	(0.46)	0.00	(0.18)	0.11	(0.11)	0.54
AOUNX	0.07	0.01	(0.77)	(2.16)	0.00	(0.16)	0.10	(0.10)	0.51
HYSZX	0.16	0.02	(0.13)	0.38	0.13	(0.23)	0.37	(0.37)	1.22
DULTX	0.05	0.01	0.00	(1.72)	0.00	0.00	0.20	(0.10)	0.71
SNORX	0.85	(0.01)	(0.02)	0.09	1.57	(0.88)	1.57	(1.64)	9.27

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