Tiaa Cref Correlations

TCMGX Fund

USD 21.48 0.04 0.19%

The current 90-days correlation between Tiaa Cref Mid and T Rowe Price is 0.9 (i.e., Almost no 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

Very poor diversification

The correlation between Tiaa Cref Mid Cap Growth and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Mid Cap Growth 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 Mid Cap Growth. 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 price.

Moving together with Tiaa Mutual Fund

0.94	TEIHX	Tiaa Cref Equity	Pair Corr
0.96	TEWCX	Tiaa Cref Social	Pair Corr
0.95	THCVX	Tiaa-cref Large-cap	Pair Corr
0.72	TIHHX	Tiaa Cref High	Pair Corr
0.87	TIIRX	Tiaa Cref Growth	Pair Corr
0.88	TILRX	Tiaa-cref Large-cap	Pair Corr
0.88	TILPX	Tiaa-cref Large-cap	Pair Corr
0.95	TILVX	Tiaa-cref Large-cap	Pair Corr
0.88	TILHX	Tiaa-cref Large-cap	Pair Corr
0.88	TILGX	Tiaa-cref Large-cap	Pair Corr
0.94	TINRX	Tiaa Cref Equity	Pair Corr
0.94	TIQRX	Tiaa Cref Equity	Pair Corr
0.97	TISEX	Tiaa-cref Small-cap	Pair Corr
0.97	TISBX	Tiaa-cref Small-cap	Pair Corr
0.88	TIRTX	Tiaa-cref Large-cap	Pair Corr
0.7	TIYRX	Tiaa-cref High-yield	Pair Corr

Moving against Tiaa Mutual Fund

0.61	TGRNX	Tiaa Cref Green	Pair Corr
0.6	TIERX	Tiaa Cref International	Pair Corr
0.57	TIKRX	Tiaa-cref Inflation-linked	Pair Corr
0.55	TIKPX	Tiaa-cref Inflation-linked	Pair Corr
0.54	TIIHX	Tiaa Cref Inflation	Pair Corr
0.53	TIIWX	Tiaa-cref Inflation-linked	Pair Corr
0.68	TBIRX	Tiaa Cref Bond	Pair Corr
0.67	TSBHX	Tiaa Cref Social	Pair Corr
0.65	TSORX	Tiaa Cref Social	Pair Corr
0.65	TCBPX	Tiaa Cref Bond	Pair Corr
0.6	TREPX	Tiaa Cref International	Pair Corr
0.55	TPISX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	PRDSX	PRCOX	PRWAX	PRISX	PRDGX
PRDSX		0.94	0.96	0.9	0.88	PRDSX
PRCOX	0.94		0.99	0.92	0.84	PRCOX
PRWAX	0.96	0.99		0.92	0.87	PRWAX
PRISX	0.9	0.92	0.92		0.75	PRISX
PRDGX	0.88	0.84	0.87	0.75		PRDGX
	PRDSX	PRCOX	PRWAX	PRISX	PRDGX

Click cells to compare fundamentals

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PRDSX	0.81	(0.03)	0.00	0.10	0.98	(0.83)	1.74	(1.50)	6.09
PRCOX	0.55	0.00	(0.02)	0.13	0.67	(0.59)	1.14	(1.43)	4.01
PRWAX	0.56	0.00	(0.03)	0.13	0.65	(0.62)	1.09	(1.61)	3.76
PRISX	0.80	0.06	0.13	0.18	0.52	(0.99)	1.68	(1.29)	8.41
PRDGX	0.48	(0.04)	(0.12)	0.08	0.51	(0.52)	0.99	(0.94)	2.88

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