Tiaa-cref Inflation-linked Correlations
| TCILX Fund | USD 10.23 0.01 0.1% |
The current 90-days correlation between Tiaa-cref Inflation-linked and Pace High Yield is 0.39 (i.e., Weak diversification). The correlation of Tiaa-cref Inflation-linked 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 Inflation-linked Correlation With Market
Average diversification
The correlation between Tiaa Cref Inflation Linked Bon and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Inflation Linked Bon and DJI in the same portfolio, assuming nothing else is changed.
Tiaa-cref |
Moving together with Tiaa-cref Mutual Fund
| 0.88 | TIIHX | Tiaa Cref Inflation | PairCorr |
| 0.86 | BXECX | Barings Emerging Markets | PairCorr |
| 0.85 | BXEIX | Barings Emerging Markets | PairCorr |
| 0.84 | BXEAX | Barings Emerging Markets | PairCorr |
| 0.66 | HLDIX | Hartford Emerging | PairCorr |
| 0.63 | HLDRX | Hartford Emerging | PairCorr |
| 0.67 | HLDAX | Hartford Emerging | PairCorr |
| 0.63 | HLDCX | Hartford Emerging | PairCorr |
| 0.62 | HLDTX | Hartford Emerging | PairCorr |
| 0.64 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.74 | 0.89 | 0.66 | 0.71 | 0.7 | 0.49 | PHDTX | ||
| 0.74 | 0.73 | 0.78 | 0.83 | 0.8 | 0.36 | SGYAX | ||
| 0.89 | 0.73 | 0.6 | 0.75 | 0.63 | 0.4 | RHYAX | ||
| 0.66 | 0.78 | 0.6 | 0.51 | 0.97 | 0.03 | GULDX | ||
| 0.71 | 0.83 | 0.75 | 0.51 | 0.51 | 0.69 | AQRRX | ||
| 0.7 | 0.8 | 0.63 | 0.97 | 0.51 | 0.01 | GFRRX | ||
| 0.49 | 0.36 | 0.4 | 0.03 | 0.69 | 0.01 | IRONX | ||
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Risk-Adjusted Indicators
There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Inflation-linked 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 Inflation-linked'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHDTX | 0.12 | 0.01 | (0.30) | 0.41 | 0.10 | 0.23 | 1.01 | |||
| SGYAX | 0.14 | 0.02 | (0.30) | 0.45 | 0.00 | 0.28 | 1.27 | |||
| RHYAX | 0.11 | 0.01 | (0.30) | 0.45 | 0.00 | 0.21 | 0.72 | |||
| GULDX | 0.07 | 0.00 | (0.88) | 0.00 | 0.00 | 0.46 | 0.76 | |||
| AQRRX | 0.43 | 0.08 | 0.02 | 0.33 | 0.37 | 0.93 | 3.04 | |||
| GFRRX | 0.06 | 0.01 | (0.65) | (2.07) | 0.00 | 0.11 | 0.68 | |||
| IRONX | 0.50 | 0.02 | (0.04) | 0.12 | 0.65 | 0.82 | 4.63 |