Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Value
TRCPX Fund  USD 23.87  0.04  0.17%   
The current 90-days correlation between Tiaa Cref Large and Tiaa Cref Emerging Markets is 0.36 (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

Modest diversification

The correlation between Tiaa Cref Large Cap Value and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value 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 Large Cap Value. 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 Mutual Fund

  0.61TEDTX Tiaa Cref EmergingPairCorr
  0.65TEMLX Tiaa Cref EmergingPairCorr
  0.65TEMRX Tiaa Cref EmergingPairCorr
  0.65TEMPX Tiaa Cref EmergingPairCorr
  0.65TEQHX Tiaa Cref EmergingPairCorr
  0.62TEQWX Tiaa Cref EquityPairCorr
  0.65TEQSX Tiaa Cref EmergingPairCorr
  0.65TEQPX Tiaa Cref EmergingPairCorr
  0.63TFIRX Tiaa Cref LifecyclePairCorr
  0.99TFIPX Tiaa Cref LifecyclePairCorr
  0.65TFIHX Tiaa Cref LifecyclePairCorr
  0.63TFTIX Tiaa Cref LifecyclePairCorr
  0.61TGIWX Tiaa Cref GrowthPairCorr
  0.66TGRNX Tiaa Cref GreenPairCorr
  0.65TGROX Tiaa Cref GreenPairCorr
  0.81TIBNX 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  0.19  0.10 (0.15)(5.52) 0.00 
(0.29)
 0.58 
(0.24)
 1.45 
TEDLX  0.19  0.10 (0.13)(9.30) 0.00 
(0.29)
 0.48 
(0.24)
 1.22 
TEDHX  0.19  0.10 (0.16)(6.03) 0.00 
(0.29)
 0.48 
(0.23)
 1.34 
TEDVX  0.19  0.10 (0.13) 3.26  0.00 
(0.29)
 0.59 
(0.24)
 1.35 
TEDTX  0.20  0.09 (0.16) 3.01  0.00 
(0.30)
 0.58 
(0.24)
 1.35 
TEDPX  0.19  0.10 (0.14)(7.98) 0.00 
(0.28)
 0.47 
(0.23)
 1.46 
TEIHX  0.73  0.29  0.15 (12.37) 0.54 
(0.84)
 2.07 
(1.16)
 5.02 
TEMLX  0.62  0.29  0.24  1.60  0.00 
(0.86)
 2.12 
(1.00)
 4.44 
TEMHX  0.64  0.33  0.26 (23.97) 0.00 
(0.88)
 2.24 
(1.07)
 4.44 
TEMVX  0.64  0.32  0.24  23.25  0.00 
(0.88)
 2.24 
(1.06)
 4.41 

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