Tiaa-cref Large-cap Correlations

TRIRX Fund

USD 69.14 0.15 0.22%

The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Growth Income is 0.15 (i.e., Average diversification). The correlation of Tiaa-cref Large-cap 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 Large-cap Correlation With Market

Modest diversification

The correlation between Tiaa Cref Large Cap Growth and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Growth 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 Large Cap Growth. 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

0.64	TEDNX	Tiaa Cref Emerging	Pair Corr
0.64	TEDLX	Tiaa Cref Emerging	Pair Corr
0.64	TEDHX	Tiaa Cref Emerging	Pair Corr
0.65	TEDVX	Tiaa Cref Emerging	Pair Corr
0.63	TEDTX	Tiaa Cref Emerging	Pair Corr
0.65	TEDPX	Tiaa Cref Emerging	Pair Corr
0.93	TEIHX	Tiaa Cref Equity	Pair Corr
0.92	TEQWX	Tiaa Cref Equity	Pair Corr
0.8	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.72	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.73	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.7	TIBEX	Tiaa Cref Intl	Pair Corr
0.73	TIBNX	Tiaa Cref Intl	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.31	TEMLX	Tiaa Cref Emerging	Pair Corr
0.31	TEMHX	Tiaa Cref Emerging	Pair Corr
0.31	TEMVX	Tiaa Cref Emerging	Pair Corr
0.31	TEMRX	Tiaa Cref Emerging	Pair Corr
0.31	TEMSX	Tiaa Cref Emerging	Pair Corr
0.31	TEMPX	Tiaa Cref Emerging	Pair Corr

Related Correlations Analysis

	TIIRX	TIERX	TINRX	TCMGX	TCMVX
TIIRX		0.48	0.35	0.23	0.91	TIIRX
TIERX	0.48		0.43	0.34	0.39	TIERX
TINRX	0.35	0.43		0.95	0.29	TINRX
TCMGX	0.23	0.34	0.95		0.19	TCMGX
TCMVX	0.91	0.39	0.29	0.19		TCMVX
	TIIRX	TIERX	TINRX	TCMGX	TCMVX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Large-cap 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 Large-cap'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
TIIRX	0.72	(0.04)	0.00	(0.67)	0.00	0.00	1.16	(1.82)	7.40
TIERX	0.58	0.00	(0.08)	0.08	0.77	(0.65)	1.24	(1.11)	4.16
TINRX	0.63	0.03	(0.02)	0.18	0.86	(0.66)	1.30	(1.42)	5.94
TCMGX	0.88	0.12	0.06	0.35	1.09	(0.96)	1.91	(1.70)	7.06
TCMVX	0.74	(0.09)	0.00	(0.09)	0.00	0.00	1.37	(1.32)	8.87

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