Tiaa-cref Real Correlations

TCREX Fund

USD 19.11 0.10 0.53%

The current 90-days correlation between Tiaa Cref Real and Realty Income is 0.66 (i.e., Poor diversification). The correlation of Tiaa-cref Real 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 Real Correlation With Market

Average diversification

The correlation between Tiaa Cref Real Estate and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Real Estate 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 Real Estate. 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 income.

Moving together with Tiaa-cref Mutual Fund

0.67	DX	Dynex Capital	Pair Corr
0.75	HR	Healthcare Realty Trust	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.48	PW	Power REIT	Pair Corr
0.32	EMITF	Elbit Imaging	Pair Corr

Related Correlations Analysis

	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE
O		-0.08	0.74	0.32	-0.17	-0.3	-0.46	0.03	0.25	-0.67	O
DX	-0.08		0.04	0.56	0.59	0.59	0.16	-0.47	0.02	0.44	DX
FR	0.74	0.04		0.41	-0.05	-0.17	-0.04	0.11	0.78	-0.78	FR
HR	0.32	0.56	0.41		0.27	0.45	-0.23	-0.4	0.26	-0.1	HR
KW	-0.17	0.59	-0.05	0.27		0.35	0.22	-0.13	-0.07	0.49	KW
OZ	-0.3	0.59	-0.17	0.45	0.35		0.22	-0.63	-0.1	0.41	OZ
PK	-0.46	0.16	-0.04	-0.23	0.22	0.22		0.12	0.36	0.19	PK
PW	0.03	-0.47	0.11	-0.4	-0.13	-0.63	0.12		0.2	-0.23	PW
RC	0.25	0.02	0.78	0.26	-0.07	-0.1	0.36	0.2		-0.66	RC
UE	-0.67	0.44	-0.78	-0.1	0.49	0.41	0.19	-0.23	-0.66		UE
	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RC	+ 0.78	FR
FR	+ 0.74	O
KW	+ 0.59	DX
OZ	+ 0.59	DX
HR	+ 0.56	DX
UE	+ 0.49	KW

High negative correlations

UE	- 0.78	FR
UE	- 0.67	O
UE	- 0.66	RC
PW	- 0.63	OZ
PW	- 0.47	DX
PK	- 0.46	O

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Real 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 Real'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
O	0.79	(0.05)	0.00	0.56	0.00	0.00	1.38	(1.84)	5.16
DX	0.75	0.02	(0.04)	0.18	1.03	(0.74)	1.56	(1.47)	4.65
FR	0.86	(0.09)	0.00	(0.06)	0.00	0.00	1.49	(1.82)	4.74
HR	1.01	0.03	(0.05)	0.23	1.27	(1.05)	2.00	(2.46)	4.90
KW	1.36	(0.03)	(0.01)	0.09	1.63	(1.56)	4.28	(2.71)	10.81
OZ	1.13	0.12	0.04	0.32	1.50	(1.26)	2.90	(2.09)	8.57
PK	1.32	(0.14)	(0.04)	0.03	1.62	(1.38)	2.85	(2.71)	10.98
PW	6.56	(0.36)	0.01	0.05	7.11	(9.25)	11.11	(10.85)	119.44
RC	1.28	(0.27)	0.00	(0.13)	0.00	0.00	2.95	(2.57)	8.18
UE	0.84	0.14	0.08	0.39	0.73	(0.97)	1.78	(1.57)	4.48

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