Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle Index
TRCIX Fund  USD 16.83  0.01  0.06%   
The current 90-days correlation between Tiaa Cref Lifecycle and Tiaa Cref Emerging Markets is -0.07 (i.e., 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

Very poor diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.83 (i.e., Very 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 gross domestic product.

Moving together with Tiaa Mutual Fund

  0.77TIIHX Tiaa Cref InflationPairCorr
  0.97TIIEX Tiaa Cref InternationalPairCorr
  0.97TIISX Tiaa Cref IntlPairCorr
  0.99TIIRX Tiaa Cref GrowthPairCorr
  0.76TIILX Tiaa Cref InflationPairCorr
  0.78TIIWX Tiaa Cref InflationPairCorr
  0.92TISIX Tiaa Cref ShortPairCorr
  0.78TIREX Tiaa Cref RealPairCorr
  0.99TLSHX Tiaa Cref LifestylePairCorr
  0.97TPISX Tiaa Cref IntlPairCorr
  0.97TRCPX Tiaa Cref LargePairCorr
  0.97TRCVX Tiaa Cref LargePairCorr
  0.99TSCTX Tiaa Cref LifestylePairCorr
  0.76TCREX Tiaa Cref RealPairCorr
  0.98VWINX Vanguard Wellesley IncomePairCorr
  0.96VWIAX Vanguard Wellesley IncomePairCorr
  0.99BKMIX Blackrock Multi AssetPairCorr
  0.97HBLTX Hartford BalancedPairCorr
  0.98HBLRX Hartford BalancedPairCorr
  0.98HBLSX Hartford BalancedPairCorr
  0.98HBLVX Hartford BalancedPairCorr
  0.98HBLYX Hartford BalancedPairCorr
  0.98HBLCX Hartford BalancedPairCorr
  0.97HBLIX Hartford BalancedPairCorr
  0.76NHS Neuberger Berman HighPairCorr
  0.98PSILX Spectrum InternationalPairCorr
  0.98VMCIX Vanguard Mid CapPairCorr
  0.96IAF Aberdeen AustraliaPairCorr
  0.95TEQAX Touchstone SustainabilityPairCorr
  0.98PBHAX Prudential High YieldPairCorr
  0.92VMNVX Vanguard Global MinimumPairCorr
  0.65OCMAX Ocm Mutual FundPairCorr
  0.85PCMBX California IntermediatePairCorr
  0.99WAYRX Western Asset HighPairCorr
  0.99IISPX Voya Solution 2055PairCorr
  0.91XWDIX Western Asset DiversifiedPairCorr
  0.93RYPIX Transportation FundPairCorr
  0.88DLY Doubleline Yield OppPairCorr

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  0.18  0.10 (0.16)(1.91) 0.00 
(0.29)
 0.58 
(0.24)
 1.45 
TEDLX  0.18  0.10 (0.17)(3.16) 0.00 
(0.29)
 0.48 
(0.24)
 1.22 
TEDHX  0.18  0.11 (0.19)(2.29) 0.00 
(0.27)
 0.48 
(0.23)
 1.34 
TEDVX  0.18  0.11 (0.16)(2.09) 0.00 
(0.28)
 0.59 
(0.24)
 1.35 
TEDTX  0.19  0.10 (0.17)(2.35) 0.00 
(0.29)
 0.58 
(0.23)
 1.35 
TEDPX  0.17  0.10 (0.18)(3.31) 0.00 
(0.27)
 0.47 
(0.23)
 1.46 
TEIHX  0.67  0.26  0.12 (2.65) 0.52 
(0.77)
 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  0.59  0.30  0.22 (7.72) 0.00 
(0.80)
 1.60 
(1.07)
 4.39 
TEMVX  0.59  0.30  0.23 (8.26) 0.00 
(0.81)
 1.59 
(1.06)
 4.26 

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