Tiaa Cref Correlations

TIMRX Fund

USD 12.34 0.01 0.08%

The current 90-days correlation between Tiaa Cref Managed and Tiaa Cref Emerging Markets is -0.04 (i.e., Good 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

Very poor diversification

The correlation between Tiaa Cref Managed Allocation and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Managed Allocation 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 Managed Allocation. 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 Mutual Fund

0.72	TEIHX	Tiaa Cref Equity	Pair Corr
0.77	TEQWX	Tiaa Cref Equity	Pair Corr
0.88	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.88	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.88	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.88	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.96	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.96	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.67	TGIHX	Tiaa Cref Growth	Pair Corr
0.68	TGIWX	Tiaa Cref Growth	Pair Corr
0.92	THCVX	Tiaa-cref Large-cap	Pair Corr
0.72	TIBEX	Tiaa Cref Intl	Pair Corr
0.74	TIBNX	Tiaa Cref Intl	Pair Corr
0.75	TIBLX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX
TEDNX		1.0	1.0	1.0	1.0	1.0	-0.35	0.82	0.82	0.83	TEDNX
TEDLX	1.0		1.0	1.0	1.0	1.0	-0.35	0.82	0.82	0.83	TEDLX
TEDHX	1.0	1.0		1.0	1.0	1.0	-0.35	0.82	0.83	0.84	TEDHX
TEDVX	1.0	1.0	1.0		1.0	1.0	-0.36	0.82	0.83	0.84	TEDVX
TEDTX	1.0	1.0	1.0	1.0		1.0	-0.35	0.82	0.82	0.83	TEDTX
TEDPX	1.0	1.0	1.0	1.0	1.0		-0.34	0.82	0.82	0.83	TEDPX
TEIHX	-0.35	-0.35	-0.35	-0.36	-0.35	-0.34		-0.34	-0.32	-0.33	TEIHX
TEMLX	0.82	0.82	0.82	0.82	0.82	0.82	-0.34		0.9	0.91	TEMLX
TEMHX	0.82	0.82	0.83	0.83	0.82	0.82	-0.32	0.9		1.0	TEMHX
TEMVX	0.83	0.83	0.84	0.84	0.83	0.83	-0.33	0.91	1.0		TEMVX
	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX

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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

TEDLX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDNX
TEDVX	+ 1.0	TEDNX
TEDTX	+ 1.0	TEDNX
TEDPX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDLX

High negative correlations

TEIHX	- 0.36	TEDVX
TEIHX	- 0.35	TEDTX
TEIHX	- 0.35	TEDHX
TEIHX	- 0.35	TEDLX
TEIHX	- 0.35	TEDNX
TEMLX	- 0.34	TEIHX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEDNX	0.16	0.00	0.18	(0.15)	0.22	(0.20)	0.24	(0.34)	1.05
TEDLX	0.17	0.01	0.20	(0.18)	0.20	(0.19)	0.35	(0.24)	0.93
TEDHX	0.17	0.01	0.18	(0.23)	0.21	(0.21)	0.35	(0.23)	0.93
TEDVX	0.16	0.01	0.17	(0.17)	0.23	(0.20)	0.35	(0.24)	1.05
TEDTX	0.16	0.01	0.19	(0.18)	0.19	(0.20)	0.35	(0.24)	1.05
TEDPX	0.17	0.01	0.18	(0.16)	0.21	(0.22)	0.35	(0.24)	1.05
TEIHX	0.82	(0.11)	0.00	0.66	0.00	0.00	1.54	(1.87)	4.60
TEMLX	0.82	0.05	0.07	0.05	1.08	(0.84)	1.69	(1.82)	6.66
TEMHX	0.85	0.04	0.08	(0.51)	1.12	(0.85)	1.69	(1.93)	6.66
TEMVX	0.84	0.05	0.09	(0.65)	1.09	(0.85)	1.56	(1.88)	6.64

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