Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifestyle Moderate
TSMLX Fund  USD 14.88  0.06  0.40%   
The current 90-days correlation between Tiaa Cref Lifestyle and Ips Strategic Capital is 0.86 (i.e., Very poor 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

Weak diversification

The correlation between Tiaa Cref Lifestyle Moderate and DJI is 0.34 (i.e., 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 bureau of economic analysis.

Moving together with Tiaa Mutual Fund

  0.85TEDNX Tiaa Cref EmergingPairCorr
  0.85TEDLX Tiaa Cref EmergingPairCorr
  0.85TEDHX Tiaa Cref EmergingPairCorr
  0.72TEDVX Tiaa Cref EmergingPairCorr
  0.85TEDTX Tiaa Cref EmergingPairCorr
  0.75TEDPX Tiaa Cref EmergingPairCorr
  0.66TEIHX Tiaa Cref EquityPairCorr
  0.69TEQWX Tiaa Cref EquityPairCorr
  0.84TFITX Tiaa Cref LifecyclePairCorr
  0.84TFIRX Tiaa Cref LifecyclePairCorr
  0.96TFIPX Tiaa Cref LifecyclePairCorr
  0.93TFIHX Tiaa Cref LifecyclePairCorr
  0.87TFTIX Tiaa Cref LifecyclePairCorr
  0.88TFTHX Tiaa Cref LifecyclePairCorr
  0.86TGRKX Tiaa Cref GreenPairCorr
  0.8TGRNX Tiaa Cref GreenPairCorr
  0.79TGROX Tiaa Cref GreenPairCorr
  0.83TGRLX Tiaa Cref GreenPairCorr
  0.82TGRMX Tiaa Cref GreenPairCorr
  0.72THCVX Tiaa Cref LargePairCorr
  0.8TIBDX Tiaa Cref BondPairCorr
  0.67TIBEX Tiaa Cref IntlPairCorr
  0.82TIBFX Tiaa Cref BondPairCorr
  0.65TIBNX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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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   
OPTCX
+ 0.95
MSSGX
RSPKX
+ 0.85
FMASX
MSSGX
+ 0.78
IPSAX
OPTCX
+ 0.78
IPSAX
OPTCX
+ 0.75
MFTFX
MFTFX
+ 0.74
MSSGX
  
High negative correlations   
RSPKX
- 0.21
MFTFX
MFTFX
- 0.19
FMASX
FMASX
- 0.0
MSSGX

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.

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