Tiaa Cref Correlations

TENWX Fund

USD 11.23 0.02 0.18%

The current 90-days correlation between Tiaa Cref Emerging and Dunham High Yield is -0.02 (i.e., Good 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

Weak diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.31 (i.e., Weak 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 housing.

Moving together with Tiaa Mutual Fund

0.61	TEDLX	Tiaa Cref Emerging	Pair Corr
0.63	TEDTX	Tiaa Cref Emerging	Pair Corr
0.98	TEMLX	Tiaa Cref Emerging	Pair Corr
0.98	TEMHX	Tiaa Cref Emerging	Pair Corr
0.94	TEMVX	Tiaa Cref Emerging	Pair Corr
0.98	TEMRX	Tiaa Cref Emerging	Pair Corr
0.98	TEMSX	Tiaa Cref Emerging	Pair Corr
0.98	TEMPX	Tiaa Cref Emerging	Pair Corr
1.0	TEQLX	Tiaa Cref Emerging	Pair Corr
1.0	TEQSX	Tiaa Cref Emerging	Pair Corr
1.0	TEQPX	Tiaa Cref Emerging	Pair Corr
0.63	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.63	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.61	TFTHX	Tiaa Cref Lifecycle	Pair Corr

Related Correlations Analysis

	DAHYX	PGHCX	RHYKX	MRHYX	TIHPX	GMOZX	SGYAX
DAHYX		0.94	0.92	0.96	0.9	0.92	0.81	DAHYX
PGHCX	0.94		0.96	0.94	0.91	0.88	0.91	PGHCX
RHYKX	0.92	0.96		0.95	0.87	0.83	0.93	RHYKX
MRHYX	0.96	0.94	0.95		0.87	0.89	0.89	MRHYX
TIHPX	0.9	0.91	0.87	0.87		0.91	0.85	TIHPX
GMOZX	0.92	0.88	0.83	0.89	0.91		0.78	GMOZX
SGYAX	0.81	0.91	0.93	0.89	0.85	0.78		SGYAX
	DAHYX	PGHCX	RHYKX	MRHYX	TIHPX	GMOZX	SGYAX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DAHYX	0.11	0.02	(0.64)	1.36	(0.15)	0.23	(0.23)	0.57
PGHCX	0.13	0.03	(0.34)	(1.02)	(0.34)	0.53	(0.26)	0.80
RHYKX	0.15	0.05	(0.35)	(2.70)	(0.29)	0.37	(0.19)	1.30
MRHYX	0.09	0.02	(0.65)	4.94	(0.14)	0.23	(0.12)	0.47
TIHPX	0.13	0.01	(0.59)	0.21	(0.20)	0.34	(0.23)	0.91
GMOZX	0.13	0.00	(0.51)	0.14	(0.17)	0.28	(0.33)	0.72
SGYAX	0.14	0.02	(0.51)	0.40	(0.26)	0.28	(0.14)	1.28

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Tiaa Cref Correlations

Tiaa Cref Correlation With Market

Weak diversification

Moving together with Tiaa Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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