Tiaa-cref Intl Correlations

TPISX Fund

USD 10.50 0.03 0.29%

The current 90-days correlation between Tiaa Cref Intl and Ab Bond Inflation is 0.14 (i.e., Average diversification). The correlation of Tiaa-cref Intl 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 Intl Correlation With Market

Weak diversification

The correlation between Tiaa Cref Intl Small Cap and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Intl Small Cap 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 Intl Small Cap. 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 state.

Moving together with Tiaa-cref Mutual Fund

0.86	TEMLX	Tiaa Cref Emerging	Pair Corr
0.85	TEMHX	Tiaa Cref Emerging	Pair Corr
0.86	TEMVX	Tiaa Cref Emerging	Pair Corr
0.86	TEMRX	Tiaa Cref Emerging	Pair Corr
0.86	TEMSX	Tiaa Cref Emerging	Pair Corr
0.85	TEMPX	Tiaa Cref Emerging	Pair Corr
0.86	TENWX	Tiaa Cref Emerging	Pair Corr
0.86	TEQLX	Tiaa Cref Emerging	Pair Corr
0.86	TEQKX	Tiaa Cref Emerging	Pair Corr
0.86	TEQHX	Tiaa Cref Emerging	Pair Corr
0.86	TEQSX	Tiaa Cref Emerging	Pair Corr
0.86	TEQPX	Tiaa Cref Emerging	Pair Corr
0.76	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.76	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.83	TGRKX	Tiaa Cref Green	Pair Corr
0.81	TGRNX	Tiaa Cref Green	Pair Corr
0.82	TGROX	Tiaa Cref Green	Pair Corr
0.83	TGRLX	Tiaa Cref Green	Pair Corr
0.83	TGRMX	Tiaa Cref Green	Pair Corr
0.83	TIBDX	Tiaa Cref Bond	Pair Corr
0.81	TIBFX	Tiaa Cref Bond	Pair Corr

Related Correlations Analysis

	ABNTX	ARTFX	DLTNX	ANAGX	NSIOX	ICAXX	TFBIX
ABNTX		0.04	0.88	0.78	0.52	0.0	0.47	ABNTX
ARTFX	0.04		0.17	0.37	0.56	0.0	0.55	ARTFX
DLTNX	0.88	0.17		0.95	0.73	0.0	0.7	DLTNX
ANAGX	0.78	0.37	0.95		0.8	0.0	0.78	ANAGX
NSIOX	0.52	0.56	0.73	0.8		0.0	0.99	NSIOX
ICAXX	0.0	0.0	0.0	0.0	0.0		0.0	ICAXX
TFBIX	0.47	0.55	0.7	0.78	0.99	0.0		TFBIX
	ABNTX	ARTFX	DLTNX	ANAGX	NSIOX	ICAXX	TFBIX

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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

TFBIX	+ 0.99	NSIOX
ANAGX	+ 0.95	DLTNX
DLTNX	+ 0.88	ABNTX
NSIOX	+ 0.8	ANAGX
ANAGX	+ 0.78	ABNTX
TFBIX	+ 0.78	ANAGX

High negative correlations

TFBIX	- 0.0	ICAXX
ICAXX	- 0.0	NSIOX
ICAXX	- 0.0	ANAGX
ICAXX	- 0.0	DLTNX
ICAXX	- 0.0	ARTFX
ICAXX	- 0.0	ABNTX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Intl 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 Intl'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNTX	0.15	(0.02)	0.00	(2.07)	0.00	0.20	(0.30)	0.79
ARTFX	0.12	0.01	(0.04)	1.29	(0.18)	0.44	(0.22)	1.10
DLTNX	0.22	(0.03)	0.00	(1.04)	0.00	0.46	(0.57)	1.50
ANAGX	0.19	(0.02)	0.00	(0.79)	0.00	0.44	(0.29)	1.16
NSIOX	0.19	(0.02)	0.00	(0.29)	0.00	0.41	(0.50)	1.61
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TFBIX	0.20	(0.02)	0.00	(0.29)	0.00	0.40	(0.50)	1.59

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