Tiaa-cref Lifecycle Correlations

TCFPX Fund

USD 9.07 0.04 0.44%

The current 90-days correlation between Tiaa Cref Lifecycle and Touchstone Large Cap is 0.68 (i.e., Poor 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

Poor diversification

The correlation between Tiaa Cref Lifecycle 2015 and DJI is 0.79 (i.e., Poor 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

0.9	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.93	TIMIX	Tiaa Cref Managed	Pair Corr
0.97	TLFIX	Tiaa Cref Lifecycle	Pair Corr
1.0	TPILX	Tiaa Cref Lifecycle	Pair Corr
0.94	TRCPX	Tiaa Cref Large	Pair Corr
0.9	TSIPX	Tiaa Cref Lifestyle	Pair Corr
0.91	FSNLX	Fidelity Freedom 2015	Pair Corr
0.99	PARHX	T Rowe Price	Pair Corr
0.99	RRTMX	T Rowe Price	Pair Corr
0.91	FFVFX	Fidelity Freedom 2015	Pair Corr
0.9	FPTKX	Fidelity Freedom 2015	Pair Corr
0.84	AABTX	American Funds 2015	Pair Corr
0.85	CCBTX	American Funds 2015	Pair Corr
0.84	FAKTX	American Funds 2015	Pair Corr
0.67	MGGYX	Mirova Global Green	Pair Corr
0.66	MGGAX	Mirova Global Green	Pair Corr
0.67	HTD	John Hancock Tax	Pair Corr
0.89	PGLSX	Global Multi Strategy	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.74

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	TACLX	ANAGX	LMLRX	CABIX	PHTTX	ARECX	TAAKX
TACLX		0.6	0.93	0.93	0.96	0.89	0.59	TACLX
ANAGX	0.6		0.48	0.64	0.63	0.78	-0.11	ANAGX
LMLRX	0.93	0.48		0.96	0.97	0.82	0.71	LMLRX
CABIX	0.93	0.64	0.96		0.98	0.89	0.6	CABIX
PHTTX	0.96	0.63	0.97	0.98		0.91	0.59	PHTTX
ARECX	0.89	0.78	0.82	0.89	0.91		0.39	ARECX
TAAKX	0.59	-0.11	0.71	0.6	0.59	0.39		TAAKX
	TACLX	ANAGX	LMLRX	CABIX	PHTTX	ARECX	TAAKX

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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

PHTTX	+ 0.98	CABIX
PHTTX	+ 0.97	LMLRX
PHTTX	+ 0.96	TACLX
CABIX	+ 0.96	LMLRX
LMLRX	+ 0.93	TACLX
CABIX	+ 0.93	TACLX

High negative correlations

TAAKX

- 0.11

ANAGX

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
TACLX	0.63	0.05	0.07	0.00	0.80	(0.63)	1.28	(1.48)	3.10
ANAGX	0.18	0.01	0.22	0.86	0.14	(0.28)	0.44	(0.30)	1.46
LMLRX	0.31	0.02	0.12	(0.01)	0.37	(0.34)	0.61	(0.60)	2.17
CABIX	0.35	0.03	0.13	0.01	0.40	(0.37)	0.72	(0.77)	2.58
PHTTX	0.33	0.02	0.12	(0.01)	0.40	(0.32)	0.67	(0.58)	1.95
ARECX	0.70	0.06	0.08	0.03	0.89	(0.71)	1.52	(1.42)	4.45
TAAKX	0.84	(0.05)	0.00	(0.10)	0.00	0.00	1.55	(1.78)	5.92

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