Tiaa-cref Lifecycle Correlations

Mutual Funds USA . 
Fund . Tiaa Cref Lifecycle Index
TLWHX Fund  USD 20.50  0.09  0.44%   
The current 90-days correlation between Tiaa Cref Lifecycle and Tiaa Cref Emerging Markets is 0.46 (i.e., Very weak diversification). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Poor diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.7 (i.e., Poor 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 rate.

Moving together with Tiaa-cref Mutual Fund

  0.86TEDNX Tiaa Cref EmergingPairCorr
  0.86TEDLX Tiaa Cref EmergingPairCorr
  0.85TEDHX Tiaa Cref EmergingPairCorr
  0.81TEDVX Tiaa Cref EmergingPairCorr
  0.86TEDTX Tiaa Cref EmergingPairCorr
  0.87TEDPX Tiaa Cref EmergingPairCorr
  0.61TEQLX Tiaa Cref EmergingPairCorr
  0.61TEQPX Tiaa Cref EmergingPairCorr
  0.79TFITX Tiaa Cref LifecyclePairCorr
  0.8TFIRX Tiaa Cref LifecyclePairCorr
  0.8TFIPX Tiaa Cref LifecyclePairCorr
  0.8TFIHX Tiaa Cref LifecyclePairCorr
  0.79TFTIX Tiaa Cref LifecyclePairCorr
  0.79TFTHX Tiaa Cref LifecyclePairCorr
  0.68TIBEX Tiaa Cref IntlPairCorr
  0.68TIBNX Tiaa Cref IntlPairCorr

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 Lifecycle 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 Lifecycle'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  0.16  0.01 (0.58) 0.72  0.03 
(0.24)
 0.34 
(0.23)
 1.27 
TEDLX  0.16  0.01 (0.57) 0.72  0.02 
(0.24)
 0.34 
(0.23)
 1.27 
TEDHX  0.16  0.01 (0.52) 0.58  0.06 
(0.23)
 0.34 
(0.23)
 1.38 
TEDVX  0.16  0.01 (0.52) 0.43  0.04 
(0.23)
 0.34 
(0.23)
 1.27 
TEDTX  0.17  0.01 (0.59) 0.62  0.03 
(0.25)
 0.34 
(0.23)
 1.27 
TEDPX  0.16  0.01 (0.54) 0.29  0.05 
(0.21)
 0.34 
(0.23)
 1.15 
TEIHX  0.56  0.01  0.00  0.14  0.65 
(0.60)
 1.08 
(1.30)
 4.12 
TEMLX  0.80 (0.07) 0.00 (0.05) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEMHX  0.81 (0.07) 0.00 (0.04) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEMVX  0.82 (0.02) 0.00  0.29  0.00 
 0.00 
 1.68 
(1.91)
 6.10 

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