Tiaa-cref Mid-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Mid Cap Value
TIMVX Fund  USD 20.33  0.18  0.89%   
The current 90-days correlation between Tiaa-cref Mid-cap and Tiaa Cref Emerging Markets is 0.16 (i.e., Average diversification). The correlation of Tiaa-cref Mid-cap 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 Mid-cap Correlation With Market

Almost no diversification

The correlation between Tiaa Cref Mid Cap Value and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Mid Cap Value 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 Mid Cap Value. 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 real.

Moving together with Tiaa-cref Mutual Fund

  0.97TEIHX Tiaa Cref EquityPairCorr
  0.97TEQWX Tiaa Cref EquityPairCorr
  0.98TEWCX Tiaa Cref SocialPairCorr
  0.83TFITX Tiaa Cref LifecyclePairCorr
  0.83TFIRX Tiaa Cref LifecyclePairCorr
  0.83TFIPX Tiaa Cref LifecyclePairCorr
  0.83TFIHX Tiaa Cref LifecyclePairCorr
  0.82TFTIX Tiaa Cref LifecyclePairCorr
  0.82TFTHX Tiaa Cref LifecyclePairCorr
  0.93TGIHX Tiaa Cref GrowthPairCorr
  0.93TGIWX Tiaa Cref GrowthPairCorr
  0.97THCVX Tiaa Cref LargePairCorr

Moving against Tiaa-cref Mutual Fund

  0.6TGRKX Tiaa Cref GreenPairCorr
  0.31TESHX Tiaa Cref ShortPairCorr
  0.72TIDRX Tiaa Cref BondPairCorr
  0.71TIBDX Tiaa Cref BondPairCorr
  0.71TIBHX Tiaa Cref BondPairCorr
  0.7TIDPX Tiaa Cref BondPairCorr
  0.68TIBFX Tiaa Cref BondPairCorr
  0.62TGRNX Tiaa Cref GreenPairCorr
  0.61TGROX Tiaa Cref GreenPairCorr
  0.61TGRMX Tiaa Cref GreenPairCorr
  0.6TGRLX Tiaa Cref GreenPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Mid-cap 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 Mid-cap'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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