Tiaa-cref Emerging Correlations

TEDNX Fund

USD 8.55 0.01 0.12%

The current 90-days correlation between Tiaa Cref Emerging and Ab Bond Inflation is 0.68 (i.e., Poor diversification). The correlation of Tiaa-cref Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Emerging Markets 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 Emerging Markets. 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 board of governors.

Moving together with Tiaa-cref Mutual Fund

1.0	TEDLX	Tiaa Cref Emerging	Pair Corr
1.0	TEDHX	Tiaa Cref Emerging	Pair Corr
0.89	TEDVX	Tiaa Cref Emerging	Pair Corr
1.0	TEDTX	Tiaa Cref Emerging	Pair Corr
0.9	TEDPX	Tiaa Cref Emerging	Pair Corr
0.62	TEIHX	Tiaa Cref Equity	Pair Corr
0.71	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.82	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.81	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.82	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.62	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.75	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.85	TGRKX	Tiaa Cref Green	Pair Corr
0.85	TGRNX	Tiaa Cref Green	Pair Corr
0.83	TGROX	Tiaa Cref Green	Pair Corr
0.75	TGRLX	Tiaa Cref Green	Pair Corr
0.74	TGRMX	Tiaa Cref Green	Pair Corr
0.84	TIBDX	Tiaa Cref Bond	Pair Corr
0.81	TIBEX	Tiaa Cref Intl	Pair Corr
0.83	TIBFX	Tiaa Cref Bond	Pair Corr
0.79	TIBNX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	ABNTX	NSIOX	TFBIX	ABNCX	MBSAX	MSTBX	ICAXX	TTRBX
ABNTX		0.54	0.49	0.99	0.41	0.49	0.0	0.83	ABNTX
NSIOX	0.54		0.99	0.5	0.83	0.66	0.0	0.79	NSIOX
TFBIX	0.49	0.99		0.46	0.81	0.62	0.0	0.76	TFBIX
ABNCX	0.99	0.5	0.46		0.36	0.39	0.0	0.78	ABNCX
MBSAX	0.41	0.83	0.81	0.36		0.78	0.0	0.68	MBSAX
MSTBX	0.49	0.66	0.62	0.39	0.78		0.0	0.75	MSTBX
ICAXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ICAXX
TTRBX	0.83	0.79	0.76	0.78	0.68	0.75	0.0		TTRBX
	ABNTX	NSIOX	TFBIX	ABNCX	MBSAX	MSTBX	ICAXX	TTRBX

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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

ABNCX	+ 0.99	ABNTX
TFBIX	+ 0.99	NSIOX
TTRBX	+ 0.83	ABNTX
MBSAX	+ 0.83	NSIOX
MBSAX	+ 0.81	TFBIX
TTRBX	+ 0.79	NSIOX

High negative correlations

TTRBX	- 0.0	ICAXX
ICAXX	- 0.0	MSTBX
ICAXX	- 0.0	MBSAX
ICAXX	- 0.0	ABNCX
ICAXX	- 0.0	TFBIX
ICAXX	- 0.0	NSIOX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Emerging 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 Emerging'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
ABNTX	0.15	(0.02)	0.00	(0.58)	0.00	0.00	0.20	(0.30)	0.79
NSIOX	0.19	(0.02)	0.00	(0.36)	0.00	0.00	0.41	(0.50)	1.61
TFBIX	0.20	(0.02)	0.00	(0.42)	0.00	0.00	0.40	(0.50)	1.59
ABNCX	0.15	(0.02)	0.00	(0.63)	0.00	0.00	0.20	(0.30)	0.70
MBSAX	0.22	(0.01)	(0.01)	(0.17)	0.30	(0.23)	0.52	(0.51)	1.55
MSTBX	0.10	(0.01)	(0.02)	(0.77)	0.10	(0.15)	0.21	(0.21)	0.62
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTRBX	0.16	(0.02)	0.00	(0.46)	0.00	0.00	0.41	(0.30)	1.01

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