Tiaa-cref International Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref International Equity
TRERX Fund  USD 14.60  0.24  1.67%   
The current 90-days correlation between Tiaa Cref International and Tiaa Cref Emerging Markets is 0.31 (i.e., Weak diversification). The correlation of Tiaa-cref International 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 International Correlation With Market

Very weak diversification

The correlation between Tiaa Cref International Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Equity 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 International Equity. 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 metropolitan statistical area.

Moving together with Tiaa-cref Mutual Fund

  0.64TGRKX Tiaa Cref GreenPairCorr
  0.62TGRNX Tiaa Cref GreenPairCorr
  0.64TGROX Tiaa Cref GreenPairCorr
  0.63TGRLX Tiaa Cref GreenPairCorr
  0.64TGRMX Tiaa Cref GreenPairCorr
  0.66TIBDX Tiaa Cref BondPairCorr
  0.63TIBFX Tiaa Cref BondPairCorr

Moving against Tiaa-cref Mutual Fund

  0.56TEIHX Tiaa Cref EquityPairCorr
  0.56TEQWX Tiaa Cref EquityPairCorr
  0.56TEWCX Tiaa Cref SocialPairCorr
  0.49TGIHX Tiaa Cref GrowthPairCorr
  0.49TGIWX Tiaa Cref GrowthPairCorr
  0.56TICHX Tiaa Cref SocialPairCorr
  0.56TICRX Tiaa Cref SocialPairCorr
  0.56TIEIX Tiaa Cref EquityPairCorr
  0.53THCVX Tiaa-cref Large-capPairCorr

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 International 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 International'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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