Tiaa-cref Emerging Correlations

TEQPX Fund

USD 10.82 0.08 0.74%

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

Modest diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.23 (i.e., Modest 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 american community survey.

Moving together with Tiaa-cref Mutual Fund

0.95	TEMLX	Tiaa Cref Emerging	Pair Corr
0.95	TEMHX	Tiaa Cref Emerging	Pair Corr
0.95	TEMVX	Tiaa Cref Emerging	Pair Corr
0.95	TEMRX	Tiaa Cref Emerging	Pair Corr
0.95	TEMSX	Tiaa Cref Emerging	Pair Corr
0.95	TEMPX	Tiaa Cref Emerging	Pair Corr
0.95	TENWX	Tiaa Cref Emerging	Pair Corr
1.0	TEQLX	Tiaa Cref Emerging	Pair Corr
1.0	TEQKX	Tiaa Cref Emerging	Pair Corr
0.95	TEQHX	Tiaa Cref Emerging	Pair Corr
1.0	TEQSX	Tiaa Cref Emerging	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.39	TEIHX	Tiaa Cref Equity	Pair Corr
0.39	TESHX	Tiaa-cref Short-term	Pair Corr
0.35	TIEIX	Tiaa Cref Equity	Pair Corr

Related Correlations Analysis

	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX
TEDNX		1.0	1.0	0.89	1.0	0.9	0.62	0.16	0.15	0.16	TEDNX
TEDLX	1.0		1.0	0.9	1.0	0.91	0.62	0.17	0.16	0.17	TEDLX
TEDHX	1.0	1.0		0.9	1.0	0.91	0.63	0.15	0.15	0.15	TEDHX
TEDVX	0.89	0.9	0.9		0.9	0.99	0.57	0.06	0.06	0.06	TEDVX
TEDTX	1.0	1.0	1.0	0.9		0.91	0.62	0.17	0.17	0.17	TEDTX
TEDPX	0.9	0.91	0.91	0.99	0.91		0.53	0.14	0.14	0.14	TEDPX
TEIHX	0.62	0.62	0.63	0.57	0.62	0.53		-0.39	-0.4	-0.39	TEIHX
TEMLX	0.16	0.17	0.15	0.06	0.17	0.14	-0.39		1.0	1.0	TEMLX
TEMHX	0.15	0.16	0.15	0.06	0.17	0.14	-0.4	1.0		1.0	TEMHX
TEMVX	0.16	0.17	0.15	0.06	0.17	0.14	-0.39	1.0	1.0		TEMVX
	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX

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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

TEDLX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDNX
TEDTX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDLX
TEDTX	+ 1.0	TEDLX
TEDTX	+ 1.0	TEDHX

High negative correlations

TEMHX	- 0.4	TEIHX
TEMVX	- 0.39	TEIHX
TEMLX	- 0.39	TEIHX

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
TEDNX	0.17	(0.01)	0.00	(0.24)	0.00	0.00	0.24	(0.35)	1.65
TEDLX	0.16	(0.01)	0.00	(0.25)	0.00	0.00	0.24	(0.35)	1.53
TEDHX	0.18	(0.01)	0.00	(0.29)	0.00	0.00	0.24	(0.35)	1.64
TEDVX	0.17	(0.01)	(0.02)	(0.32)	0.21	(0.21)	0.24	(0.35)	1.65
TEDTX	0.16	(0.01)	0.00	(0.23)	0.00	0.00	0.24	(0.35)	1.53
TEDPX	0.18	(0.01)	0.00	(0.31)	0.00	0.00	0.35	(0.35)	1.65
TEIHX	0.60	0.04	0.04	0.12	0.86	(0.60)	1.28	(1.32)	5.97
TEMLX	0.64	(0.19)	0.00	(0.69)	0.00	0.00	1.26	(1.75)	3.41
TEMHX	0.64	(0.19)	0.00	(0.70)	0.00	0.00	1.18	(1.75)	3.65
TEMVX	0.64	(0.18)	0.00	(0.68)	0.00	0.00	1.32	(1.75)	3.53

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