Tiaa Cref Correlations

TIBEX Fund

USD 8.62 0.02 0.23%

The current 90-days correlation between Tiaa Cref Intl and Dunham Porategovernment Bond is 0.72 (i.e., Poor 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

Average diversification

The correlation between Tiaa Cref Intl Bond and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Intl Bond 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 Intl Bond. 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 income.

Moving together with Tiaa Mutual Fund

0.81	TEDNX	Tiaa Cref Emerging	Pair Corr
0.82	TEDLX	Tiaa Cref Emerging	Pair Corr
0.82	TEDHX	Tiaa Cref Emerging	Pair Corr
0.81	TEDVX	Tiaa Cref Emerging	Pair Corr
0.82	TEDTX	Tiaa Cref Emerging	Pair Corr
0.79	TEDPX	Tiaa Cref Emerging	Pair Corr
0.72	TEIHX	Tiaa Cref Equity	Pair Corr
0.64	TEQWX	Tiaa Cref Equity	Pair Corr
0.66	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.73	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.73	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.73	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.68	TGRKX	Tiaa Cref Green	Pair Corr
0.68	TGRNX	Tiaa Cref Green	Pair Corr
0.64	TGROX	Tiaa Cref Green	Pair Corr
0.61	TGRLX	Tiaa Cref Green	Pair Corr
0.65	TIBDX	Tiaa Cref Bond	Pair Corr
0.62	TIBFX	Tiaa Cref Bond	Pair Corr
0.99	TIBNX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	DNCGX	ACASX	ICAXX	JGIFX	USGFX	AUNTX	TWTIX
DNCGX		0.89	0.0	0.97	0.94	0.71	0.82	DNCGX
ACASX	0.89		0.0	0.92	0.9	0.71	0.75	ACASX
ICAXX	0.0	0.0		0.0	0.0	0.0	0.0	ICAXX
JGIFX	0.97	0.92	0.0		0.98	0.69	0.76	JGIFX
USGFX	0.94	0.9	0.0	0.98		0.66	0.72	USGFX
AUNTX	0.71	0.71	0.0	0.69	0.66		0.85	AUNTX
TWTIX	0.82	0.75	0.0	0.76	0.72	0.85		TWTIX
	DNCGX	ACASX	ICAXX	JGIFX	USGFX	AUNTX	TWTIX

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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

USGFX	+ 0.98	JGIFX
JGIFX	+ 0.97	DNCGX
USGFX	+ 0.94	DNCGX
JGIFX	+ 0.92	ACASX
USGFX	+ 0.9	ACASX
ACASX	+ 0.89	DNCGX

High negative correlations

TWTIX	- 0.0	ICAXX
AUNTX	- 0.0	ICAXX
USGFX	- 0.0	ICAXX
JGIFX	- 0.0	ICAXX
ICAXX	- 0.0	ACASX
ICAXX	- 0.0	DNCGX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DNCGX	0.22	(0.03)	(0.45)	0.40	(0.48)	1.20
ACASX	0.28	(0.05)	(1.98)	0.66	(0.79)	1.87
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00
JGIFX	0.27	(0.04)	(0.49)	0.64	(0.64)	1.43
USGFX	0.24	(0.03)	(0.45)	0.59	(0.59)	1.62
AUNTX	0.13	(0.02)	(0.90)	0.28	(0.28)	1.32
TWTIX	0.16	(0.03)	(0.59)	0.28	(0.37)	1.31

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