Tiaa-cref Short-term Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Short Term Bond
TNSHX Fund  USD 9.65  0.01  0.10%   
The current 90-days correlation between Tiaa-cref Short-term and Prudential Short Duration is 0.43 (i.e., Very weak diversification). The correlation of Tiaa-cref Short-term 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 Short-term Correlation With Market

Good diversification

The correlation between Tiaa Cref Short Term Bond and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Short Term 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 Short Term 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 rate.

Moving together with Tiaa-cref Mutual Fund

  0.86TIHHX Tiaa Cref HighPairCorr
  0.9TIIHX Tiaa Cref InflationPairCorr
  0.75TIIEX Tiaa Cref InternationalPairCorr
  0.83TIISX Tiaa Cref IntlPairCorr
  0.77TIIRX Tiaa Cref GrowthPairCorr
  0.9TIILX Tiaa Cref InflationPairCorr
  0.89TIIWX Tiaa Cref InflationPairCorr
  0.97TISIX Tiaa Cref ShortPairCorr
  0.82TLSHX Tiaa Cref LifestylePairCorr
  0.83TPISX Tiaa Cref IntlPairCorr
  0.82TRCIX Tiaa Cref LifecyclePairCorr
  0.78TRCPX Tiaa Cref LargePairCorr
  0.77TRCVX Tiaa Cref LargePairCorr
  0.82TSCTX Tiaa Cref LifestylePairCorr
  0.76TSMUX Tiaa-cref Small/mid-capPairCorr
  0.89TCILX Tiaa-cref Inflation-linkedPairCorr
  0.87VBIRX Vanguard Short TermPairCorr
  0.88VFSUX Vanguard Short TermPairCorr
  0.96VFSIX Vanguard Short TermPairCorr
  0.96VFSTX Vanguard Short TermPairCorr
  0.99VBITX Vanguard Short TermPairCorr
  0.99VBISX Vanguard Short TermPairCorr
  0.91LALDX Lord Abbett ShortPairCorr
  0.94VSCSX Vanguard Short TermPairCorr
  0.94LDLAX Lord Abbett ShortPairCorr
  0.92LDLRX Lord Abbett ShortPairCorr
  0.78CPAYX Columbia Pacific/asiaPairCorr
  0.83CASAX Columbia Pacific/asiaPairCorr
  0.73CCCZX Center St BrookfieldPairCorr
  0.83CASCX Columbia PacificasiaPairCorr
  0.75MMCGX Mid Cap GrowthPairCorr
  0.75MSKLX Mid Cap Growth Steady GrowthPairCorr
  0.73CISGX Touchstone Sands CapitalPairCorr
  0.83PCGQX Prudential Income BuilderPairCorr
  0.86WAYRX Western Asset HighPairCorr
  0.93TFSLX Touchstone FlexiblePairCorr
  0.75PSILX Spectrum InternationalPairCorr
  0.74VMCIX Vanguard Mid CapPairCorr

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 Short-term 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 Short-term'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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