Tiaa-cref Lifestyle Correlations

TSIMX Fund

USD 15.08 0.03 0.20%

The current 90-days correlation between Tiaa Cref Lifestyle and Clearbridge Value Trust is 0.64 (i.e., Poor diversification). The correlation of Tiaa-cref Lifestyle 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 Lifestyle Correlation With Market

Very weak diversification

The correlation between Tiaa Cref Lifestyle Moderate and DJI is 0.42 (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 Lifestyle Moderate 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 Lifestyle Moderate. 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 population.

Moving together with Tiaa-cref Mutual Fund

0.78	TIERX	Tiaa Cref International	Pair Corr
0.78	TIIHX	Tiaa Cref Inflation	Pair Corr
0.67	TIIRX	Tiaa Cref Growth	Pair Corr
0.79	TIILX	Tiaa-cref Inflation-linked	Pair Corr
0.72	TINRX	Tiaa Cref Equity	Pair Corr
0.68	TIREX	Tiaa Cref Real	Pair Corr
0.68	TIRHX	Tiaa Cref Real	Pair Corr
0.71	TIRTX	Tiaa-cref Large-cap	Pair Corr
0.99	TLIRX	Tiaa Cref Lifecycle	Pair Corr
0.65	TRCPX	Tiaa Cref Large	Pair Corr
0.74	TRHBX	Tiaa Cref Small	Pair Corr
0.61	TSCHX	Tiaa-cref Small-cap	Pair Corr
0.99	TSCLX	Tiaa Cref Lifestyle	Pair Corr
0.99	TSCTX	Tiaa Cref Lifestyle	Pair Corr
0.61	TCMVX	Tiaa-cref Mid-cap	Pair Corr
0.68	TCREX	Tiaa Cref Real	Pair Corr
0.82	FBONX	American Funds American	Pair Corr
0.82	FBAFX	American Funds American	Pair Corr
0.84	ABALX	American Balanced	Pair Corr
0.83	BALCX	American Balanced	Pair Corr
0.81	BALFX	American Balanced	Pair Corr
0.81	RLBCX	American Balanced	Pair Corr
0.8	RLBBX	American Balanced	Pair Corr
0.81	CLBAX	American Balanced	Pair Corr
0.81	CLBEX	American Balanced	Pair Corr
0.82	RLBFX	American Balanced	Pair Corr
0.66	BTMPX	Ishares Msci Eafe	Pair Corr
0.66	BTMKX	Blackrock International	Pair Corr
0.66	MDIIX	Blackrock Intern Index	Pair Corr

Related Correlations Analysis

	LMNVX	MCGIX	BIASX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF
LMNVX		0.86	0.96	0.78	0.79	-0.67	0.77	0.1	0.59	0.52	LMNVX
MCGIX	0.86		0.9	0.78	0.78	-0.69	0.9	0.15	0.65	0.52	MCGIX
BIASX	0.96	0.9		0.79	0.77	-0.59	0.8	0.25	0.67	0.49	BIASX
444859BR2	0.78	0.78	0.79		0.74	-0.65	0.8	0.24	0.66	0.43	444859BR2
AQUI	0.79	0.78	0.77	0.74		-0.59	0.81	-0.03	0.54	0.68	AQUI
BRRAY	-0.67	-0.69	-0.59	-0.65	-0.59		-0.71	0.18	-0.3	-0.49	BRRAY
MSTSX	0.77	0.9	0.8	0.8	0.81	-0.71		0.13	0.55	0.55	MSTSX
LBHIX	0.1	0.15	0.25	0.24	-0.03	0.18	0.13		0.6	-0.5	LBHIX
ABHYX	0.59	0.65	0.67	0.66	0.54	-0.3	0.55	0.6		0.08	ABHYX
SCAXF	0.52	0.52	0.49	0.43	0.68	-0.49	0.55	-0.5	0.08		SCAXF
	LMNVX	MCGIX	BIASX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF

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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

BIASX	+ 0.96	LMNVX
BIASX	+ 0.9	MCGIX
MSTSX	+ 0.9	MCGIX
MCGIX	+ 0.86	LMNVX
MSTSX	+ 0.81	AQUI
MSTSX	+ 0.8	BIASX

High negative correlations

MSTSX	- 0.71	BRRAY
BRRAY	- 0.69	MCGIX
BRRAY	- 0.67	LMNVX
BRRAY	- 0.65	444859BR2
BRRAY	- 0.59	AQUI
BRRAY	- 0.59	BIASX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Lifestyle 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 Lifestyle'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
LMNVX	0.76	(0.08)	0.00	(0.16)	0.00	0.00	1.31	(1.04)	11.09
MCGIX	0.85	(0.11)	0.00	(0.24)	0.00	0.00	1.26	(2.03)	10.44
BIASX	0.88	(0.02)	0.00	(0.02)	0.00	0.00	1.49	(1.54)	10.43
444859BR2	0.53	(0.01)	(0.04)	(0.02)	0.69	(0.63)	1.63	(1.52)	3.94
AQUI	2.96	(1.50)	0.00	2.74	0.00	0.00	0.00	0.00	93.33
BRRAY	3.65	0.66	0.06	1.14	4.24	(11.58)	17.37	(11.51)	59.51
MSTSX	0.57	(0.15)	0.00	(0.44)	0.00	0.00	0.97	(1.20)	7.06
LBHIX	0.14	0.02	(0.01)	1.05	0.00	(0.32)	0.48	(0.24)	1.19
ABHYX	0.22	0.00	(0.04)	0.08	0.34	(0.29)	0.46	(0.56)	1.92
SCAXF	1.77	(0.99)	0.00	(0.38)	0.00	0.00	0.00	0.00	31.33

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