Tiaa-cref Lifecycle Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle Index
TRILX Fund  USD 16.69  0.03  0.18%   
The current 90-days correlation between Tiaa Cref Lifecycle and Tiaa Cref Emerging Markets is 0.49 (i.e., Very weak 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 Index and DJI is 0.67 (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 Index 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 Index. 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 bureau of economic analysis.

Moving together with Tiaa-cref Mutual Fund

  0.88TEDNX Tiaa Cref EmergingPairCorr
  0.89TEDLX Tiaa Cref EmergingPairCorr
  0.88TEDHX Tiaa Cref EmergingPairCorr
  0.89TEDVX Tiaa Cref EmergingPairCorr
  0.88TEDTX Tiaa Cref EmergingPairCorr
  0.89TEDPX Tiaa Cref EmergingPairCorr
  0.67TEMLX Tiaa Cref EmergingPairCorr
  0.67TEMHX Tiaa Cref EmergingPairCorr
  0.67TEMVX Tiaa Cref EmergingPairCorr
  0.67TEMRX Tiaa Cref EmergingPairCorr
  0.67TEMSX Tiaa Cref EmergingPairCorr
  0.67TEMPX Tiaa Cref EmergingPairCorr
  0.69TENWX Tiaa Cref EmergingPairCorr
  0.69TEQLX Tiaa Cref EmergingPairCorr
  0.69TEQKX Tiaa Cref EmergingPairCorr
  0.69TEQHX Tiaa Cref EmergingPairCorr
  0.69TEQSX Tiaa Cref EmergingPairCorr
  0.69TEQPX Tiaa Cref EmergingPairCorr
  0.7TFITX Tiaa Cref LifecyclePairCorr
  0.71TFIRX Tiaa Cref LifecyclePairCorr
  0.7TFIPX Tiaa Cref LifecyclePairCorr
  0.71TFIHX Tiaa Cref LifecyclePairCorr
  0.69TFTIX Tiaa Cref LifecyclePairCorr
  0.7TFTHX Tiaa Cref LifecyclePairCorr
  0.72TIBNX Tiaa Cref IntlPairCorr
  0.73TIBLX Tiaa Cref IntlPairCorr

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  0.15  0.01 (0.56) 0.47  0.07 
(0.23)
 0.34 
(0.23)
 1.27 
TEDLX  0.15  0.01 (0.55) 0.43  0.07 
(0.24)
 0.34 
(0.23)
 1.27 
TEDHX  0.15  0.01 (0.50) 0.38  0.08 
(0.23)
 0.34 
(0.23)
 1.38 
TEDVX  0.15  0.01 (0.48) 0.31  0.04 
(0.23)
 0.34 
(0.23)
 1.27 
TEDTX  0.16  0.01 (0.57) 0.40  0.07 
(0.25)
 0.34 
(0.23)
 1.27 
TEDPX  0.15  0.00 (0.52) 0.19  0.07 
(0.21)
 0.34 
(0.23)
 1.15 
TEIHX  0.57  0.01  0.00  0.13  0.64 
(0.62)
 1.29 
(1.30)
 4.12 
TEMLX  0.83 (0.06) 0.00 (0.03) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEMHX  0.84 (0.07) 0.00 (0.03) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEMVX  0.84 (0.06)(0.12)(0.02) 1.01 
(0.96)
 1.68 
(1.91)
 6.10 

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