Tiaa-cref Growth Correlations

TRGIX Fund

USD 16.12 0.16 1.00%

The current 90-days correlation between Tiaa Cref Growth and Tiaa Cref Large Cap Growth is 0.88 (i.e., Very poor diversification). The correlation of Tiaa-cref Growth 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 Growth Correlation With Market

Modest diversification

The correlation between Tiaa Cref Growth Income and DJI is 0.27 (i.e., Modest 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-cref Mutual Fund

0.61	TEMLX	Tiaa Cref Emerging	Pair Corr
0.61	TEMHX	Tiaa Cref Emerging	Pair Corr
0.61	TEMVX	Tiaa Cref Emerging	Pair Corr
0.61	TEMRX	Tiaa Cref Emerging	Pair Corr
0.61	TEMSX	Tiaa Cref Emerging	Pair Corr
0.61	TEMPX	Tiaa Cref Emerging	Pair Corr
0.98	TEWCX	Tiaa Cref Social	Pair Corr
0.71	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.7	TFTHX	Tiaa Cref Lifecycle	Pair Corr
1.0	TGIHX	Tiaa Cref Growth	Pair Corr
1.0	TGIWX	Tiaa Cref Growth	Pair Corr
0.87	THCVX	Tiaa Cref Large	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.59

TESHX

Tiaa-cref Short-term

Pair Corr

Related Correlations Analysis

	TIRTX	TIERX	TINRX	TCREX	TCMVX
TIRTX		0.23	0.81	0.39	0.59	TIRTX
TIERX	0.23		0.1	0.71	0.49	TIERX
TINRX	0.81	0.1		0.16	0.31	TINRX
TCREX	0.39	0.71	0.16		0.86	TCREX
TCMVX	0.59	0.49	0.31	0.86		TCMVX
	TIRTX	TIERX	TINRX	TCREX	TCMVX

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Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Growth 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 Growth'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TIRTX	0.89	0.00	(0.01)	0.02	1.51	(0.84)	1.75	(2.34)	7.34
TIERX	0.59	(0.08)	0.00	(0.41)	0.00	0.00	0.91	(1.66)	4.16
TINRX	0.60	0.03	0.02	0.10	0.85	(0.63)	1.30	(1.29)	5.94
TCREX	0.83	(0.08)	0.00	(0.21)	0.00	0.00	1.35	(1.93)	5.53
TCMVX	0.73	(0.07)	0.00	(0.12)	0.00	0.00	1.24	(1.32)	8.87

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