Tiaa-cref Large-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Growth
TIRTX Fund  USD 30.11  0.32  1.07%   
The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Growth Income is 0.91 (i.e., Almost no diversification). The correlation of Tiaa-cref Large-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 Large-cap Correlation With Market

Poor diversification

The correlation between Tiaa Cref Large Cap Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Growth 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 Large Cap Growth. 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 estimate.

Moving together with Tiaa-cref Mutual Fund

  0.98TEIHX Tiaa Cref EquityPairCorr
  0.94TEQWX Tiaa Cref EquityPairCorr
  0.93TEWCX Tiaa Cref SocialPairCorr
  0.89TFITX Tiaa Cref LifecyclePairCorr
  0.89TFIRX Tiaa Cref LifecyclePairCorr
  0.84TFIPX Tiaa Cref LifecyclePairCorr
  0.89TFIHX Tiaa Cref LifecyclePairCorr
  0.89TFTIX Tiaa Cref LifecyclePairCorr
  0.89TFTHX Tiaa Cref LifecyclePairCorr
  0.97TGIHX Tiaa Cref GrowthPairCorr
  0.98TGIWX Tiaa Cref GrowthPairCorr
  0.91THCVX Tiaa-cref Large-capPairCorr

Moving against Tiaa-cref Mutual Fund

  0.65TGRNX Tiaa Cref GreenPairCorr
  0.65TGRLX Tiaa Cref GreenPairCorr
  0.63TGRKX Tiaa Cref GreenPairCorr
  0.61TGROX Tiaa Cref GreenPairCorr
  0.41TESHX Tiaa Cref ShortPairCorr
  0.74TIDRX Tiaa Cref BondPairCorr
  0.73TIBHX Tiaa Cref BondPairCorr
  0.72TIDPX Tiaa Cref BondPairCorr
  0.71TIBFX Tiaa Cref BondPairCorr
  0.7TIBDX Tiaa Cref BondPairCorr
  0.6TGRMX Tiaa Cref GreenPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
TCMVX
+ 0.97
TINRX
TCMVX
+ 0.96
TCMGX
TINRX
+ 0.95
TIIRX
TCMGX
+ 0.92
TINRX
TCMVX
+ 0.89
TIIRX
TCMGX
+ 0.88
TIIRX
  
High negative correlations   
TCMVX
- 0.61
TIERX
TCMGX
- 0.59
TIERX
TINRX
- 0.59
TIERX
TIERX
- 0.48
TIIRX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Large-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 Large-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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY