Tiaa-cref Lifecycle Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle Index
TFIRX Fund  USD 14.58  0.02  0.14%   
The current 90-days correlation between Tiaa Cref Lifecycle and Heartland Value Plus is 0.11 (i.e., Average diversification). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Poor diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle Index 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 Lifecycle Index. 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 metropolitan statistical area.

Moving together with TIAA-CREF Mutual Fund

  0.89TEIHX Tiaa Cref EquityPairCorr
  0.63TENWX Tiaa Cref EmergingPairCorr
  0.63TEQLX Tiaa Cref EmergingPairCorr
  0.63TEQKX Tiaa Cref EmergingPairCorr
  0.63TEQHX Tiaa Cref EmergingPairCorr
  0.89TEQWX Tiaa Cref EquityPairCorr
  0.63TEQSX Tiaa Cref EmergingPairCorr
  0.63TEQPX Tiaa Cref EmergingPairCorr
  0.87TEWCX Tiaa Cref SocialPairCorr
  1.0TFITX Tiaa Cref LifecyclePairCorr
  1.0TFIPX Tiaa Cref LifecyclePairCorr
  0.92TFIHX Tiaa Cref LifecyclePairCorr
  1.0TFTIX Tiaa Cref LifecyclePairCorr
  1.0TFTHX Tiaa Cref LifecyclePairCorr
  0.93TGIHX Tiaa Cref GrowthPairCorr
  0.93TGIWX Tiaa Cref GrowthPairCorr
  0.82THCVX Tiaa-cref Large-capPairCorr

Moving against TIAA-CREF Mutual Fund

  0.37TGRNX Tiaa Cref GreenPairCorr
  0.35TGROX Tiaa Cref GreenPairCorr
  0.34TGRLX Tiaa Cref GreenPairCorr
  0.33TGRKX Tiaa Cref GreenPairCorr
  0.49TIBHX Tiaa Cref BondPairCorr
  0.49TIDRX Tiaa Cref BondPairCorr
  0.48TIBDX Tiaa Cref BondPairCorr
  0.47TIBFX Tiaa Cref BondPairCorr
  0.47TIDPX Tiaa Cref BondPairCorr
  0.35TGRMX Tiaa Cref GreenPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between TIAA-CREF Mutual Fund performing well and Tiaa-cref Lifecycle 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 Lifecycle'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.

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