Tiaa-cref Lifecycle Correlations

Mutual Funds USA . 
Fund . Tiaa Cref Lifecycle 2060
TLXPX Fund  USD 15.93  0.10  0.63%   
The current 90-days correlation between Tiaa Cref Lifecycle and Tiaa Cref Emerging Markets is 0.2 (i.e., Modest 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 2060 and DJI is 0.79 (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 2060 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 2060. 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

  0.9TEIHX Tiaa Cref EquityPairCorr
  0.9TEQWX Tiaa Cref EquityPairCorr
  0.87TEWCX Tiaa Cref SocialPairCorr
  1.0TFITX Tiaa Cref LifecyclePairCorr
  1.0TFIRX Tiaa Cref LifecyclePairCorr
  1.0TFIPX Tiaa Cref LifecyclePairCorr
  1.0TFIHX Tiaa Cref LifecyclePairCorr
  1.0TFTIX Tiaa Cref LifecyclePairCorr
  1.0TFTHX Tiaa Cref LifecyclePairCorr
  0.94TGIHX Tiaa Cref GrowthPairCorr
  0.94TGIWX Tiaa Cref GrowthPairCorr
  0.87THCVX Tiaa-cref Large-capPairCorr

Moving against Tiaa-cref Mutual Fund

  0.37TGRKX Tiaa Cref GreenPairCorr
  0.51TIBHX Tiaa Cref BondPairCorr
  0.51TIDRX Tiaa Cref BondPairCorr
  0.5TIBDX Tiaa Cref BondPairCorr
  0.5TIBFX Tiaa Cref BondPairCorr
  0.49TIDPX Tiaa Cref BondPairCorr
  0.41TGRNX Tiaa Cref GreenPairCorr
  0.39TGROX Tiaa Cref GreenPairCorr
  0.39TGRLX Tiaa Cref GreenPairCorr
  0.38TGRMX 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 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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