Tiaa Cref Correlations

TLLIX Fund

USD 37.18 0.03 0.08%

The current 90-days correlation between Tiaa Cref Lifecycle and Tiaa Cref Lifecycle Index is 0.79 (i.e., 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

Significant diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle Index 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 Lifecycle Index. 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 gross domestic product.

Moving together with Tiaa Mutual Fund

0.83	TEIHX	Tiaa Cref Equity	Pair Corr
0.62	TEMHX	Tiaa Cref Emerging	Pair Corr
0.73	TEQWX	Tiaa Cref Equity	Pair Corr
0.77	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.98	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.77	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.77	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.66	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.66	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.63	THCVX	Tiaa Cref Large	Pair Corr

Related Correlations Analysis

	TLQIX	TLYIX	TLZIX	PASSX	MFRFX	BPTIX	TQAAX	PRMTX	DDVAX	OAKLX
TLQIX		0.88	0.83	0.51	0.42	-0.3	0.55	0.55	0.63	-0.19	TLQIX
TLYIX	0.88		0.99	0.55	0.22	0.03	0.67	0.3	0.42	0.19	TLYIX
TLZIX	0.83	0.99		0.55	0.17	0.1	0.68	0.25	0.37	0.25	TLZIX
PASSX	0.51	0.55	0.55		0.58	-0.28	0.82	0.66	0.69	-0.14	PASSX
MFRFX	0.42	0.22	0.17	0.58		-0.85	0.36	0.81	0.74	-0.77	MFRFX
BPTIX	-0.3	0.03	0.1	-0.28	-0.85		-0.06	-0.74	-0.66	0.92	BPTIX
TQAAX	0.55	0.67	0.68	0.82	0.36	-0.06		0.61	0.67	0.07	TQAAX
PRMTX	0.55	0.3	0.25	0.66	0.81	-0.74	0.61		0.94	-0.7	PRMTX
DDVAX	0.63	0.42	0.37	0.69	0.74	-0.66	0.67	0.94		-0.55	DDVAX
OAKLX	-0.19	0.19	0.25	-0.14	-0.77	0.92	0.07	-0.7	-0.55		OAKLX
	TLQIX	TLYIX	TLZIX	PASSX	MFRFX	BPTIX	TQAAX	PRMTX	DDVAX	OAKLX

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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

TLZIX	+ 0.99	TLYIX
DDVAX	+ 0.94	PRMTX
OAKLX	+ 0.92	BPTIX
TLYIX	+ 0.88	TLQIX
TLZIX	+ 0.83	TLQIX
TQAAX	+ 0.82	PASSX

High negative correlations

BPTIX	- 0.85	MFRFX
OAKLX	- 0.77	MFRFX
PRMTX	- 0.74	BPTIX
OAKLX	- 0.7	PRMTX
DDVAX	- 0.66	BPTIX
OAKLX	- 0.55	DDVAX

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
TLQIX	0.39	(0.06)	0.00	(2.29)	0.00	0.00	0.63	(0.71)	6.27
TLYIX	0.43	(0.02)	0.00	(0.33)	0.00	0.00	0.79	(0.95)	4.15
TLZIX	0.49	(0.01)	0.00	(0.19)	0.00	0.00	0.89	(1.13)	4.36
PASSX	0.87	(0.03)	0.00	0.40	0.00	0.00	1.67	(1.76)	8.57
MFRFX	0.84	(0.19)	0.00	(0.67)	0.00	0.00	1.14	(1.36)	15.43
BPTIX	1.26	0.32	0.19	(11.65)	1.03	(1.51)	1.84	(1.90)	20.78
TQAAX	1.01	(0.04)	0.00	(0.36)	0.00	0.00	1.82	(2.05)	9.05
PRMTX	1.06	(0.46)	0.00	(0.89)	0.00	0.00	1.26	(2.11)	23.00
DDVAX	0.92	(0.31)	0.00	(0.58)	0.00	0.00	1.26	(1.12)	22.33
OAKLX	0.66	0.12	0.07	6.42	0.67	(0.74)	1.66	(1.03)	3.47

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