Tiaa-cref Lifecycle Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle Index
TLWPX Fund  USD 20.14  0.03  0.15%   
The current 90-days correlation between Tiaa Cref Lifecycle and Hawaii Municipal Bond is 0.17 (i.e., Average diversification). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Poor diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle Index 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 Lifecycle Index. 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 american community survey.

Moving together with Tiaa-cref Mutual Fund

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  1.0AACTX American Funds 2020PairCorr
  1.0CCCTX American Funds 2020PairCorr
  1.0FAOTX American Funds 2020PairCorr
  0.95ERH Allspring Utilities AndPairCorr
  0.96WHIYX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
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  0.99MSTSX Morningstar UnconstrainedPairCorr
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  1.0FFEGX Fidelity Freedom IndexPairCorr
  0.94PSHAX Short Term FundPairCorr
  0.92RIVKX American Funds InterPairCorr
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  1.0SWYAX Schwab Target 2010PairCorr
  0.97DCEMX Dunham Emerging MarketsPairCorr
  1.0RRTLX T Rowe PricePairCorr
  0.98KAGCX Kensington Dynamic GrowthPairCorr
  0.99FFFCX Fidelity Freedom 2010PairCorr

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 Lifecycle 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 Lifecycle'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.

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