Tiaa-cref Lifecycle Correlations

TCFPX Fund

USD 9.09 0.03 0.33%

The current 90-days correlation between Tiaa Cref Lifecycle and Us Government Securities is -0.02 (i.e., Good 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

Very weak diversification

The correlation between Tiaa Cref Lifecycle 2015 and DJI is 0.5 (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 Lifecycle 2015 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 2015. 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

0.78	TEDNX	Tiaa Cref Emerging	Pair Corr
0.79	TEDLX	Tiaa Cref Emerging	Pair Corr
0.78	TEDHX	Tiaa Cref Emerging	Pair Corr
0.79	TEDTX	Tiaa Cref Emerging	Pair Corr
0.62	TEIHX	Tiaa Cref Equity	Pair Corr
0.78	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.89	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.62	TGIHX	Tiaa Cref Growth	Pair Corr
0.62	TGIWX	Tiaa Cref Growth	Pair Corr
0.91	TGROX	Tiaa Cref Green	Pair Corr
0.81	THCVX	Tiaa Cref Large	Pair Corr
0.62	TIEHX	Tiaa Cref International	Pair Corr
0.66	TIEIX	Tiaa Cref Equity	Pair Corr
0.62	TIGRX	Tiaa Cref Growth	Pair Corr
0.84	TIIHX	Tiaa Cref Inflation	Pair Corr
0.84	TIILX	Tiaa Cref Inflation	Pair Corr
0.83	TIIWX	Tiaa Cref Inflation	Pair Corr
0.63	TILWX	Tiaa Cref Large	Pair Corr
0.89	TIMIX	Tiaa Cref Managed	Pair Corr
0.67	TINRX	Tiaa Cref Equity	Pair Corr
0.7	TIOHX	Tiaa Cref International	Pair Corr
0.7	TIOIX	Tiaa Cref International	Pair Corr
0.74	TIMVX	Tiaa Cref Mid	Pair Corr
0.71	TIOVX	Tiaa Cref International	Pair Corr
0.7	TIOSX	Tiaa Cref International	Pair Corr
0.7	TIOTX	Tiaa Cref International	Pair Corr

Related Correlations Analysis

	UGSDX	IVMXX	FCSCX	DVPXX	ICAXX	RYAQX	SIGVX
UGSDX		0.0	0.62	0.34	0.0	0.64	0.69	UGSDX
IVMXX	0.0		0.0	0.0	0.0	0.0	0.0	IVMXX
FCSCX	0.62	0.0		0.27	0.0	0.56	0.98	FCSCX
DVPXX	0.34	0.0	0.27		0.0	0.07	0.3	DVPXX
ICAXX	0.0	0.0	0.0	0.0		0.0	0.0	ICAXX
RYAQX	0.64	0.0	0.56	0.07	0.0		0.63	RYAQX
SIGVX	0.69	0.0	0.98	0.3	0.0	0.63		SIGVX
	UGSDX	IVMXX	FCSCX	DVPXX	ICAXX	RYAQX	SIGVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SIGVX	+ 0.98	FCSCX
SIGVX	+ 0.69	UGSDX
RYAQX	+ 0.64	UGSDX
SIGVX	+ 0.63	RYAQX
FCSCX	+ 0.62	UGSDX
RYAQX	+ 0.56	FCSCX

High negative correlations

SIGVX	- 0.0	ICAXX
RYAQX	- 0.0	ICAXX
ICAXX	- 0.0	DVPXX
ICAXX	- 0.0	FCSCX
SIGVX	- 0.0	IVMXX
RYAQX	- 0.0	IVMXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UGSDX	0.05	0.01	0.00	0.40	0.00	0.00	0.00	0.00	1.03
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCSCX	0.05	0.00	(0.11)	(0.44)	0.00	(0.29)	0.13	(0.13)	0.67
DVPXX	0.03	0.01	0.00	0.40	0.00	0.00	0.00	0.00	1.01
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYAQX	0.65	0.00	0.09	0.00	0.71	(0.74)	1.44	(1.32)	5.22
SIGVX	0.06	0.01	(0.07)	(0.65)	0.00	(0.22)	0.10	(0.10)	0.61

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC