Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Sp 500
TISAX Fund  USD 68.93  0.36  0.53%   
The current 90-days correlation between Tiaa Cref Sp and Tiaa Cref Emerging Markets is 0.47 (i.e., Very weak 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

Almost no diversification

The correlation between Tiaa Cref Sp 500 and DJI is 0.91 (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 Sp 500 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 Sp 500. 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 nation.

Moving together with Tiaa Mutual Fund

  0.65TEDNX Tiaa Cref EmergingPairCorr
  0.65TEDLX Tiaa Cref EmergingPairCorr
  0.65TEDHX Tiaa Cref EmergingPairCorr
  0.65TEDVX Tiaa Cref EmergingPairCorr
  0.65TEDTX Tiaa Cref EmergingPairCorr
  0.73TEDPX Tiaa Cref EmergingPairCorr
  0.76TEIHX Tiaa Cref EquityPairCorr
  0.62TEMLX Tiaa Cref EmergingPairCorr
  0.72TEMHX Tiaa Cref EmergingPairCorr
  0.62TEMVX Tiaa Cref EmergingPairCorr
  0.71TEMRX Tiaa Cref EmergingPairCorr
  0.72TEMSX Tiaa Cref EmergingPairCorr
  0.73TENWX Tiaa Cref EmergingPairCorr
  0.73TEQLX Tiaa Cref EmergingPairCorr
  0.63TEQHX Tiaa Cref EmergingPairCorr
  0.76TEQWX Tiaa Cref EquityPairCorr
  0.73TEQPX Tiaa Cref EmergingPairCorr
  0.77TFITX Tiaa Cref LifecyclePairCorr
  0.77TFIRX Tiaa Cref LifecyclePairCorr
  0.77TFIPX Tiaa Cref LifecyclePairCorr
  0.77TFIHX Tiaa Cref LifecyclePairCorr
  0.77TFTIX Tiaa Cref LifecyclePairCorr
  0.77TFTHX Tiaa Cref LifecyclePairCorr
  0.74TGIHX Tiaa Cref GrowthPairCorr
  0.73TGIWX Tiaa Cref GrowthPairCorr
  0.61TGRNX Tiaa Cref GreenPairCorr
  0.62TGRLX Tiaa Cref GreenPairCorr
  0.76THCVX Tiaa Cref LargePairCorr
  0.65TIBEX Tiaa Cref IntlPairCorr
  0.66TIBNX Tiaa Cref IntlPairCorr
  0.64TIBLX Tiaa Cref IntlPairCorr
  0.86TIBVX Tiaa Cref IntlPairCorr
  0.64TIBWX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.17  0.07 (0.25) 0.85  0.00 
(0.26)
 0.47 
(0.23)
 1.07 
TEDLX  0.17  0.07 (0.25) 1.17  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDHX  0.16  0.07 (0.31) 0.81  0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.07 (0.26) 0.97  0.00 
(0.25)
 0.58 
(0.23)
 0.96 
TEDTX  0.17  0.07 (0.27) 0.91  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  0.62  0.32  0.27 (5.64) 0.00 
(0.78)
 2.07 
(0.80)
 5.02 
TEMLX  0.54  0.22  0.24  0.62  0.00 
(0.77)
 1.57 
(0.69)
 4.39 
TEMHX  0.55  0.29  0.24 (3.89) 0.00 
(0.77)
 1.57 
(0.80)
 4.39 
TEMVX  0.56  0.23  0.26  0.61  0.00 
(0.78)
 1.56 
(0.68)
 4.26 

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