Tiaa Cref Correlations

TRIPX Fund

USD 22.96 0.12 0.53%

The current 90-days correlation between Tiaa Cref International and Pimco Capital Sec is -0.19 (i.e., Good 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 weak diversification

The correlation between Tiaa Cref International Equity and DJI is 0.43 (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 american community survey.

Moving together with Tiaa Mutual Fund

0.73	TGRKX	Tiaa Cref Green	Pair Corr
0.71	TGRNX	Tiaa Cref Green	Pair Corr
0.72	TGROX	Tiaa Cref Green	Pair Corr
0.72	TGRLX	Tiaa Cref Green	Pair Corr
0.72	TGRMX	Tiaa Cref Green	Pair Corr
0.73	TIBDX	Tiaa Cref Bond	Pair Corr
0.7	TIBFX	Tiaa Cref Bond	Pair Corr

Moving against Tiaa Mutual Fund

0.58	TEIHX	Tiaa Cref Equity	Pair Corr
0.59	TEWCX	Tiaa Cref Social	Pair Corr
0.58	TEQWX	Tiaa Cref Equity	Pair Corr
0.5	TGIWX	Tiaa Cref Growth	Pair Corr
0.49	TGIHX	Tiaa Cref Growth	Pair Corr
0.59	THCVX	Tiaa-cref Large-cap	Pair Corr
0.59	TICHX	Tiaa Cref Social	Pair Corr
0.59	TICRX	Tiaa Cref Social	Pair Corr
0.58	TIEIX	Tiaa Cref Equity	Pair Corr

Related Correlations Analysis

	PFANX	SBFAX	FNPIX	BTO	FYSXX	FGB	HILFX
PFANX		0.45	0.45	0.38	0.56	0.76	0.41	PFANX
SBFAX	0.45		1.0	0.97	0.25	0.74	0.97	SBFAX
FNPIX	0.45	1.0		0.96	0.25	0.73	0.96	FNPIX
BTO	0.38	0.97	0.96		0.18	0.7	0.99	BTO
FYSXX	0.56	0.25	0.25	0.18		0.47	0.18	FYSXX
FGB	0.76	0.74	0.73	0.7	0.47		0.7	FGB
HILFX	0.41	0.97	0.96	0.99	0.18	0.7		HILFX
	PFANX	SBFAX	FNPIX	BTO	FYSXX	FGB	HILFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFANX	0.10	0.01	(0.77)	0.69	0.00	(0.16)	0.22	(0.11)	0.54
SBFAX	0.80	0.24	0.13	(2.64)	0.51	(0.94)	1.72	(1.44)	8.60
FNPIX	1.09	0.33	0.15	(1.69)	0.88	(1.17)	2.09	(1.83)	11.72
BTO	0.93	0.11	0.15	0.20	0.75	(1.03)	1.88	(1.32)	9.88
FYSXX	0.03	0.00	0.00	0.47	0.00	0.00	0.00	0.00	1.01
FGB	0.71	0.15	0.04	1.11	0.71	(0.88)	1.59	(1.25)	9.47
HILFX	1.10	0.08	0.18	0.16	0.72	(1.35)	2.60	(1.60)	13.68

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