Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref International Equity
TREPX Fund  USD 15.38  0.09  0.58%   
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 weak diversification

The correlation between Tiaa Cref International Equity and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Equity 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 International Equity. 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

  0.93TEDNX Tiaa Cref EmergingPairCorr
  0.94TEDLX Tiaa Cref EmergingPairCorr
  0.94TEDHX Tiaa Cref EmergingPairCorr
  0.94TEDVX Tiaa Cref EmergingPairCorr
  0.94TEDTX Tiaa Cref EmergingPairCorr
  0.94TEDPX Tiaa Cref EmergingPairCorr
  0.95TEIHX Tiaa Cref EquityPairCorr
  0.95TEMLX Tiaa Cref EmergingPairCorr
  0.95TEMHX Tiaa Cref EmergingPairCorr
  0.95TEMVX Tiaa Cref EmergingPairCorr
  0.95TEMRX Tiaa Cref EmergingPairCorr
  0.95TEMSX Tiaa Cref EmergingPairCorr
  0.95TEMPX Tiaa Cref EmergingPairCorr
  0.95TENWX Tiaa Cref EmergingPairCorr
  0.95TEQLX Tiaa Cref EmergingPairCorr
  0.95TEQHX Tiaa Cref EmergingPairCorr
  0.96TEQWX Tiaa Cref EquityPairCorr
  0.95TEQSX Tiaa Cref EmergingPairCorr
  0.95TEQPX Tiaa Cref EmergingPairCorr
  0.78TESHX Tiaa Cref ShortPairCorr
  0.97TFITX Tiaa Cref LifecyclePairCorr
  0.97TFIRX Tiaa Cref LifecyclePairCorr
  0.96TFIPX Tiaa Cref LifecyclePairCorr
  0.97TFIHX Tiaa Cref LifecyclePairCorr
  0.97TFTIX Tiaa Cref LifecyclePairCorr
  0.97TFTHX Tiaa Cref LifecyclePairCorr
  0.95TGIHX Tiaa Cref GrowthPairCorr
  0.95TGIWX Tiaa Cref GrowthPairCorr
  0.8TGRKX Tiaa Cref GreenPairCorr
  0.8TGRNX Tiaa Cref GreenPairCorr
  0.81TGRLX Tiaa Cref GreenPairCorr
  0.79TGRMX Tiaa Cref GreenPairCorr
  0.95THCVX Tiaa Cref LargePairCorr
  0.68TIBDX Tiaa Cref BondPairCorr
  0.87TIBEX Tiaa Cref IntlPairCorr
  0.68TIBFX Tiaa Cref BondPairCorr
  0.87TIBNX Tiaa Cref IntlPairCorr
  0.85TIBLX 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  0.18  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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