Tiaa-cref Correlations

TISPX Fund

USD 65.38 0.65 1.00%

The current 90-days correlation between Tiaa Cref Sp and Tiaa Cref Large Cap Growth is 0.81 (i.e., Very poor 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

Weak diversification

The correlation between Tiaa Cref Sp 500 and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Sp 500 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 Sp 500. 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

0.63	TEDNX	Tiaa Cref Emerging	Pair Corr
0.63	TEDLX	Tiaa Cref Emerging	Pair Corr
0.64	TEDHX	Tiaa Cref Emerging	Pair Corr
0.67	TEDVX	Tiaa Cref Emerging	Pair Corr
0.63	TEDTX	Tiaa Cref Emerging	Pair Corr
0.64	TEDPX	Tiaa Cref Emerging	Pair Corr
1.0	TEIHX	Tiaa Cref Equity	Pair Corr
0.85	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.84	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.84	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.84	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.72	TIBEX	Tiaa Cref Intl	Pair Corr
0.74	TIBNX	Tiaa Cref Intl	Pair Corr
0.73	TIBLX	Tiaa Cref Intl	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.34	TEMHX	Tiaa Cref Emerging	Pair Corr
0.34	TEMRX	Tiaa Cref Emerging	Pair Corr
0.34	TEMSX	Tiaa Cref Emerging	Pair Corr
0.34	TEMPX	Tiaa Cref Emerging	Pair Corr
0.33	TEMLX	Tiaa Cref Emerging	Pair Corr
0.33	TEMVX	Tiaa Cref Emerging	Pair Corr

Related Correlations Analysis

	TIRTX	TIERX	TINRX	TCREX	TCMVX
TIRTX		0.23	0.81	0.39	0.59	TIRTX
TIERX	0.23		0.1	0.71	0.49	TIERX
TINRX	0.81	0.1		0.16	0.31	TINRX
TCREX	0.39	0.71	0.16		0.86	TCREX
TCMVX	0.59	0.49	0.31	0.86		TCMVX
	TIRTX	TIERX	TINRX	TCREX	TCMVX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref 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
TIRTX	0.89	0.00	(0.01)	0.02	1.51	(0.84)	1.75	(2.34)	7.34
TIERX	0.59	(0.08)	0.00	(0.41)	0.00	0.00	0.91	(1.66)	4.16
TINRX	0.60	0.03	0.02	0.10	0.85	(0.63)	1.30	(1.29)	5.94
TCREX	0.83	(0.08)	0.00	(0.21)	0.00	0.00	1.35	(1.93)	5.53
TCMVX	0.73	(0.07)	0.00	(0.12)	0.00	0.00	1.24	(1.32)	8.87

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