Tiaa-cref International Correlations

TIERX Fund

USD 8.41 0.04 0.48%

The current 90-days correlation between Tiaa Cref International and City National Rochdale is 0.46 (i.e., Very weak diversification). The correlation of Tiaa-cref International 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 International Correlation With Market

Very weak diversification

The correlation between Tiaa Cref International Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Equity 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 International Equity. 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

0.62	TEDNX	Tiaa Cref Emerging	Pair Corr
0.66	TEDLX	Tiaa Cref Emerging	Pair Corr
0.96	TEDHX	Tiaa Cref Emerging	Pair Corr
0.64	TEDVX	Tiaa Cref Emerging	Pair Corr
0.66	TEDTX	Tiaa Cref Emerging	Pair Corr
0.66	TEDPX	Tiaa Cref Emerging	Pair Corr
0.78	TEIHX	Tiaa Cref Equity	Pair Corr
0.69	TEMHX	Tiaa Cref Emerging	Pair Corr
0.7	TEMVX	Tiaa Cref Emerging	Pair Corr
0.68	TEQKX	Tiaa Cref Emerging	Pair Corr
0.78	TEQWX	Tiaa Cref Equity	Pair Corr
0.82	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.81	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.85	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.86	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.77	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.75	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.68	THCVX	Tiaa-cref Large-cap	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.37

TEWCX

Tiaa Cref Social

Pair Corr

Related Correlations Analysis

	RIMOX	BUIHX	GHVIX	ARTFX	PYRLX	CYBAX	MHCAX
RIMOX		0.9	0.86	0.89	0.9	0.84	0.91	RIMOX
BUIHX	0.9		0.81	0.91	0.86	0.84	0.87	BUIHX
GHVIX	0.86	0.81		0.92	0.98	0.94	0.98	GHVIX
ARTFX	0.89	0.91	0.92		0.94	0.92	0.96	ARTFX
PYRLX	0.9	0.86	0.98	0.94		0.93	0.99	PYRLX
CYBAX	0.84	0.84	0.94	0.92	0.93		0.95	CYBAX
MHCAX	0.91	0.87	0.98	0.96	0.99	0.95		MHCAX
	RIMOX	BUIHX	GHVIX	ARTFX	PYRLX	CYBAX	MHCAX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref International 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 International'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RIMOX	0.06	0.02	0.08	1.39	(0.08)	0.15	(0.10)	0.46
BUIHX	0.09	0.02	0.04	0.41	(0.12)	0.19	(0.09)	1.02
GHVIX	0.14	0.02	0.08	(1.97)	(0.17)	0.30	(0.24)	0.90
ARTFX	0.11	0.02	0.07	(1.24)	(0.20)	0.44	(0.22)	1.22
PYRLX	0.12	0.02	0.05	3.55	(0.20)	0.31	(0.16)	0.79
CYBAX	0.12	0.02	0.06	0.30	(0.15)	0.44	(0.20)	1.02
MHCAX	0.11	0.02	0.05	1.66	(0.21)	0.19	(0.19)	0.58

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