Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifestyle Moderate
TSMLX Fund  USD 15.30  0.08  0.53%   
The current 90-days correlation between Tiaa Cref Lifestyle and Tiaa Cref Emerging Markets is 0.37 (i.e., Weak 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

Poor diversification

The correlation between Tiaa Cref Lifestyle Moderate and DJI is 0.74 (i.e., Poor 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

  0.72TEDNX Tiaa Cref EmergingPairCorr
  0.72TEDLX Tiaa Cref EmergingPairCorr
  0.72TEDHX Tiaa Cref EmergingPairCorr
  0.77TEDVX Tiaa Cref EmergingPairCorr
  0.73TEDTX Tiaa Cref EmergingPairCorr
  0.73TEDPX Tiaa Cref EmergingPairCorr
  0.71TEIHX Tiaa Cref EquityPairCorr
  0.71TEQWX Tiaa Cref EquityPairCorr
  0.71TEWCX Tiaa Cref SocialPairCorr
  0.92TFITX Tiaa Cref LifecyclePairCorr
  0.92TFIRX Tiaa Cref LifecyclePairCorr
  0.92TFIPX Tiaa Cref LifecyclePairCorr
  0.92TFIHX Tiaa Cref LifecyclePairCorr
  0.92TFTIX Tiaa Cref LifecyclePairCorr
  0.93TFTHX Tiaa Cref LifecyclePairCorr
  0.77TGIHX Tiaa Cref GrowthPairCorr
  0.77TGIWX Tiaa Cref GrowthPairCorr
  0.72THCVX Tiaa-cref Large-capPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.16  0.01 (0.58) 0.72  0.03 
(0.24)
 0.34 
(0.23)
 1.27 
TEDLX  0.16  0.01 (0.57) 0.72  0.02 
(0.24)
 0.34 
(0.23)
 1.27 
TEDHX  0.16  0.01 (0.52) 0.58  0.06 
(0.23)
 0.34 
(0.23)
 1.38 
TEDVX  0.16  0.01 (0.51) 0.43  0.00 
(0.23)
 0.34 
(0.23)
 1.27 
TEDTX  0.17  0.01 (0.59) 0.62  0.03 
(0.25)
 0.34 
(0.23)
 1.27 
TEDPX  0.16  0.01 (0.54) 0.29  0.05 
(0.21)
 0.34 
(0.23)
 1.15 
TEIHX  0.56  0.01  0.00  0.14  0.65 
(0.60)
 1.08 
(1.30)
 4.12 
TEMHX  0.81 (0.07) 0.00 (0.04) 0.00 
 0.00 
 1.69 
(1.85)
 6.03 
TEQLX  0.74 (0.06)(0.14)(0.02) 0.92 
(0.82)
 1.46 
(1.90)
 5.07 
TEQKX  0.76 (0.06)(0.14)(0.02) 0.93 
(0.86)
 1.55 
(1.91)
 5.09 

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