Tiaa-cref Lifecycle Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle 2050
TFTHX Fund  USD 15.44  0.03  0.19%   
The current 90-days correlation between Tiaa Cref Lifecycle and Kinetics Global Fund is 0.46 (i.e., Very weak 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 2050 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 2050 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 2050. 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 rate.

Moving together with Tiaa-cref Mutual Fund

  0.89TEIHX Tiaa Cref EquityPairCorr
  0.61TENWX Tiaa Cref EmergingPairCorr
  0.89TEQWX Tiaa Cref EquityPairCorr
  0.87TEWCX Tiaa Cref SocialPairCorr
  0.99TFITX Tiaa Cref LifecyclePairCorr
  1.0TFIRX Tiaa Cref LifecyclePairCorr
  1.0TFIPX Tiaa Cref LifecyclePairCorr
  0.91TFIHX Tiaa Cref LifecyclePairCorr
  1.0TFTIX 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

  0.38TGRNX Tiaa Cref GreenPairCorr
  0.37TGROX Tiaa Cref GreenPairCorr
  0.36TGRLX Tiaa Cref GreenPairCorr
  0.35TGRKX Tiaa Cref GreenPairCorr
  0.5TIDRX Tiaa Cref BondPairCorr
  0.49TIBHX Tiaa Cref BondPairCorr
  0.48TIBDX Tiaa Cref BondPairCorr
  0.48TIBFX Tiaa Cref BondPairCorr
  0.48TIDPX Tiaa Cref BondPairCorr
  0.36TGRMX Tiaa Cref GreenPairCorr

Related Correlations Analysis

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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   
USLUX
+ 0.58
WWWEX
EQTYX
+ 0.53
CNGLX
BCGDX
+ 0.51
CNGLX
CNGLX
+ 0.47
USLUX
BCGDX
+ 0.43
USLUX
EQTYX
+ 0.35
BCGDX
  
High negative correlations   
EQTYX
- 0.33
WWWEX
EQTYX
- 0.2
USLUX
MGGNX
- 0.15
WWWEX
MGGNX
- 0.07
USLUX
MGGNX
- 0.01
CNGLX

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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