Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Tax Exempt Bond
TITIX Fund  USD 9.48  0.02  0.21%   
The current 90-days correlation between Tiaa Cref Tax and Tiaa Cref Emerging Markets is 0.37 (i.e., 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

Average diversification

The correlation between Tiaa Cref Tax Exempt Bond and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Tax Exempt 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 Tax Exempt 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 gross domestic product.

Moving together with Tiaa Mutual Fund

  0.84TEDNX Tiaa Cref EmergingPairCorr
  0.85TEDLX Tiaa Cref EmergingPairCorr
  0.85TEDHX Tiaa Cref EmergingPairCorr
  0.84TEDVX Tiaa Cref EmergingPairCorr
  0.85TEDTX Tiaa Cref EmergingPairCorr
  0.85TEDPX Tiaa Cref EmergingPairCorr
  0.86TEIHX Tiaa Cref EquityPairCorr
  0.83TEMLX Tiaa Cref EmergingPairCorr
  0.83TEMHX Tiaa Cref EmergingPairCorr
  0.83TEMVX Tiaa Cref EmergingPairCorr
  0.83TEMRX Tiaa Cref EmergingPairCorr
  0.83TEMSX Tiaa Cref EmergingPairCorr
  0.83TEMPX Tiaa Cref EmergingPairCorr
  0.85TENWX Tiaa Cref EmergingPairCorr
  0.85TEQLX Tiaa Cref EmergingPairCorr
  0.84TEQKX Tiaa Cref EmergingPairCorr
  0.85TEQHX Tiaa Cref EmergingPairCorr
  0.86TEQWX Tiaa Cref EquityPairCorr
  0.85TEQSX Tiaa Cref EmergingPairCorr
  0.85TEQPX Tiaa Cref EmergingPairCorr
  0.83TESHX Tiaa Cref ShortPairCorr
  0.87TFITX Tiaa Cref LifecyclePairCorr
  0.87TFIRX Tiaa Cref LifecyclePairCorr
  0.87TFIPX Tiaa Cref LifecyclePairCorr
  0.87TFIHX Tiaa Cref LifecyclePairCorr
  0.87TFTIX Tiaa Cref LifecyclePairCorr
  0.87TFTHX Tiaa Cref LifecyclePairCorr
  0.85TGIHX Tiaa Cref GrowthPairCorr
  0.85TGIWX Tiaa Cref GrowthPairCorr
  0.83TGRKX Tiaa Cref GreenPairCorr
  0.83TGRNX Tiaa Cref GreenPairCorr
  0.83TGROX Tiaa Cref GreenPairCorr
  0.85TGRLX Tiaa Cref GreenPairCorr
  0.83TGRMX Tiaa Cref GreenPairCorr
  0.88THCVX Tiaa Cref LargePairCorr
  0.78TIBDX Tiaa Cref BondPairCorr
  0.8TIBEX Tiaa Cref IntlPairCorr
  0.79TIBFX Tiaa Cref BondPairCorr
  0.79TIBNX Tiaa Cref IntlPairCorr
  0.79TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 (0.23) 0.81  0.00 
(0.26)
 0.48 
(0.24)
 1.07 
TEDLX  0.17  0.07 (0.23) 1.06  0.00 
(0.27)
 0.48 
(0.24)
 0.96 
TEDHX  0.16  0.07 (0.28) 0.89  0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.08 (0.23) 0.92  0.00 
(0.25)
 0.58 
(0.24)
 0.96 
TEDTX  0.17  0.07 (0.25) 0.87  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDPX  0.16  0.08 (0.25) 0.99  0.00 
(0.25)
 0.36 
(0.23)
 1.08 
TEIHX  0.67  0.12  0.11  0.26  0.54 
(0.76)
 2.07 
(1.16)
 5.02 
TEMLX  0.56  0.20  0.19  0.56  0.07 
(0.78)
 1.57 
(1.00)
 4.39 
TEMHX  0.58  0.20  0.19  0.54  0.13 
(0.77)
 1.57 
(1.07)
 4.39 
TEMVX  0.58  0.21  0.20  0.56  0.00 
(0.79)
 1.56 
(1.06)
 4.26 

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