Tiaa-cref Bond Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Bond Fund
TIDPX Fund  USD 9.10  0.01  0.11%   
The current 90-days correlation between Tiaa Cref Bond and Tiaa Cref Emerging Markets is 0.64 (i.e., Poor diversification). The correlation of Tiaa-cref Bond 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 Bond Correlation With Market

Good diversification

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

  0.76TESHX Tiaa Cref ShortPairCorr
  0.97TGRKX Tiaa Cref GreenPairCorr
  0.98TGRNX Tiaa Cref GreenPairCorr
  0.98TGROX Tiaa Cref GreenPairCorr
  0.98TGRLX Tiaa Cref GreenPairCorr
  0.98TGRMX Tiaa Cref GreenPairCorr
  1.0TIBDX Tiaa Cref BondPairCorr
  1.0TIBFX Tiaa Cref BondPairCorr

Moving against Tiaa-cref Mutual Fund

  0.69TEIHX Tiaa Cref EquityPairCorr
  0.69TEQWX Tiaa Cref EquityPairCorr
  0.65TEWCX Tiaa Cref SocialPairCorr
  0.65TGIHX Tiaa Cref GrowthPairCorr
  0.65TGIWX Tiaa Cref GrowthPairCorr
  0.46TFTIX Tiaa Cref LifecyclePairCorr
  0.45TFITX Tiaa Cref LifecyclePairCorr
  0.45TFIPX Tiaa Cref LifecyclePairCorr
  0.45TFTHX Tiaa Cref LifecyclePairCorr
  0.44TFIRX Tiaa Cref LifecyclePairCorr
  0.44TFIHX Tiaa Cref LifecyclePairCorr
  0.69TIEIX Tiaa Cref EquityPairCorr
  0.65TICHX Tiaa Cref SocialPairCorr
  0.65TICRX Tiaa Cref SocialPairCorr
  0.65TIGRX Tiaa Cref GrowthPairCorr
  0.63THCVX Tiaa Cref LargePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Bond 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 Bond'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.15  0.01 (0.56) 0.47  0.07 
(0.23)
 0.34 
(0.23)
 1.27 
TEDLX  0.15  0.01 (0.55) 0.43  0.07 
(0.24)
 0.34 
(0.23)
 1.27 
TEDHX  0.15  0.01 (0.50) 0.38  0.08 
(0.23)
 0.34 
(0.23)
 1.38 
TEDVX  0.15  0.01 (0.48) 0.31  0.04 
(0.23)
 0.34 
(0.23)
 1.27 
TEDTX  0.16  0.01 (0.57) 0.40  0.07 
(0.25)
 0.34 
(0.23)
 1.27 
TEDPX  0.15  0.00 (0.52) 0.19  0.07 
(0.21)
 0.34 
(0.23)
 1.15 
TEIHX  0.57  0.01  0.00  0.13  0.64 
(0.62)
 1.29 
(1.30)
 4.12 
TEMLX  0.83 (0.06) 0.00 (0.03) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEMHX  0.84 (0.07) 0.00 (0.03) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEMVX  0.84 (0.06)(0.12)(0.02) 1.01 
(0.96)
 1.68 
(1.91)
 6.10 

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