Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Growth Income
TRGIX Fund  USD 17.64  0.09  0.51%   
The current 90-days correlation between Tiaa Cref Growth and Tiaa Cref International Equity is 0.57 (i.e., Very weak 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

Very poor diversification

The correlation between Tiaa Cref Growth Income and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Growth Income 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 Growth Income. 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

  0.98TEIHX Tiaa Cref EquityPairCorr
  0.98TEQWX Tiaa Cref EquityPairCorr
  0.96TEWCX Tiaa Cref SocialPairCorr
  0.94TFITX Tiaa Cref LifecyclePairCorr
  0.93TFIRX Tiaa Cref LifecyclePairCorr
  0.93TFIPX Tiaa Cref LifecyclePairCorr
  0.89TFIHX Tiaa Cref LifecyclePairCorr
  0.94TFTIX Tiaa Cref LifecyclePairCorr
  0.93TFTHX Tiaa Cref LifecyclePairCorr
  1.0TGIHX Tiaa Cref GrowthPairCorr
  1.0TGIWX Tiaa Cref GrowthPairCorr
  0.95THCVX Tiaa-cref Large-capPairCorr

Moving against Tiaa Mutual Fund

  0.59TGRNX Tiaa Cref GreenPairCorr
  0.58TGROX Tiaa Cref GreenPairCorr
  0.57TGRLX Tiaa Cref GreenPairCorr
  0.56TGRKX Tiaa Cref GreenPairCorr
  0.69TIBHX Tiaa Cref BondPairCorr
  0.69TIDRX Tiaa Cref BondPairCorr
  0.64TIBDX Tiaa Cref BondPairCorr
  0.64TIDPX Tiaa Cref BondPairCorr
  0.63TIBFX Tiaa Cref BondPairCorr
  0.57TGRMX Tiaa Cref GreenPairCorr

Related Correlations Analysis

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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   
TRGMX
+ 0.98
TRVRX
TRSEX
+ 0.98
TRVRX
TRLCX
+ 0.97
TRVRX
TRSEX
+ 0.97
TRGMX
TRLCX
+ 0.94
TRGMX
TRSEX
+ 0.94
TRLCX
  
High negative correlations   
TRGMX
- 0.58
TRERX
TRVRX
- 0.58
TRERX
TRLCX
- 0.53
TRERX
TRSEX
- 0.52
TRERX

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.

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