Tiaa Cref High Yield Fund Market Value
| TIHHX Fund | USD 8.86 0.01 0.11% |
| Symbol | Tiaa-cref |
Tiaa-cref High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tiaa-cref High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tiaa-cref High.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Tiaa-cref High on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Tiaa Cref High Yield or generate 0.0% return on investment in Tiaa-cref High over 30 days. Tiaa-cref High is related to or competes with The Hartford, Growth Portfolio, Morningstar Growth, L Abbett, Transamerica Capital, and Stringer Growth. The fund invests primarily in lower-rated, higher-yielding fixed-income securities, such as domestic and foreign corpora... More
Tiaa-cref High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tiaa-cref High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tiaa Cref High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2466 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.03 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.4561 |
Tiaa-cref High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tiaa-cref High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tiaa-cref High's standard deviation. In reality, there are many statistical measures that can use Tiaa-cref High historical prices to predict the future Tiaa-cref High's volatility.| Risk Adjusted Performance | 0.1119 | |||
| Jensen Alpha | 0.0252 | |||
| Total Risk Alpha | 0.0081 | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (3.88) |
Tiaa Cref High Backtested Returns
At this stage we consider Tiaa-cref Mutual Fund to be very steady. Tiaa Cref High owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Tiaa Cref High Yield, which you can use to evaluate the volatility of the fund. Please validate Tiaa-cref High's Standard Deviation of 0.2043, risk adjusted performance of 0.1119, and Downside Deviation of 0.2466 to confirm if the risk estimate we provide is consistent with the expected return of 0.0282%. The entity has a beta of -0.0064, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tiaa-cref High are expected to decrease at a much lower rate. During the bear market, Tiaa-cref High is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
Tiaa Cref High Yield has virtually no predictability. Overlapping area represents the amount of predictability between Tiaa-cref High time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tiaa Cref High price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Tiaa-cref High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tiaa Cref High lagged returns against current returns
Autocorrelation, which is Tiaa-cref High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tiaa-cref High's mutual fund expected returns. We can calculate the autocorrelation of Tiaa-cref High returns to help us make a trade decision. For example, suppose you find that Tiaa-cref High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tiaa-cref High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tiaa-cref High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tiaa-cref High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tiaa-cref High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tiaa-cref High Lagged Returns
When evaluating Tiaa-cref High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tiaa-cref High mutual fund have on its future price. Tiaa-cref High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tiaa-cref High autocorrelation shows the relationship between Tiaa-cref High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tiaa Cref High Yield.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tiaa-cref Mutual Fund
Tiaa-cref High financial ratios help investors to determine whether Tiaa-cref Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tiaa-cref with respect to the benefits of owning Tiaa-cref High security.
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