Tiaa Cref High Yield Fund Market Value
| TIYRX Fund | USD 8.91 0.01 0.11% |
| Symbol | Tiaa-cref |
Tiaa-cref High-yield '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-yield'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-yield.
| 03/12/2023 |
| 01/30/2025 |
If you would invest 0.00 in Tiaa-cref High-yield on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Tiaa Cref High Yield Fund or generate 0.0% return on investment in Tiaa-cref High-yield over 690 days. Tiaa-cref High-yield is related to or competes with Pace High, Prudential High, Mesirow Financial, and Gmo High. The fund invests primarily in lower-rated, higher-yielding fixed-income securities, such as domestic and foreign corpora... More
Tiaa-cref High-yield 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-yield'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 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2405 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.14 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.4587 |
Tiaa-cref High-yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tiaa-cref High-yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tiaa-cref High-yield's standard deviation. In reality, there are many statistical measures that can use Tiaa-cref High-yield historical prices to predict the future Tiaa-cref High-yield's volatility.| Risk Adjusted Performance | 0.0975 | |||
| Jensen Alpha | 0.0206 | |||
| Total Risk Alpha | 0.0031 | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 2.94 |
Tiaa-cref High-yield Backtested Returns
At this stage we consider Tiaa-cref Mutual Fund to be very steady. Tiaa-cref High-yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Tiaa Cref High Yield Fund, which you can use to evaluate the volatility of the fund. Please validate Tiaa-cref High-yield's Downside Deviation of 0.2405, risk adjusted performance of 0.0975, and Standard Deviation of 0.2029 to confirm if the risk estimate we provide is consistent with the expected return of 0.0304%. The entity has a beta of 0.0072, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tiaa-cref High-yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tiaa-cref High-yield is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Tiaa Cref High Yield Fund has good predictability. Overlapping area represents the amount of predictability between Tiaa-cref High-yield time series from 12th of March 2023 to 20th of February 2024 and 20th of February 2024 to 30th of January 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-yield price movement. The serial correlation of 0.78 indicates that around 78.0% of current Tiaa-cref High-yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Tiaa-cref High-yield lagged returns against current returns
Autocorrelation, which is Tiaa-cref High-yield 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-yield's mutual fund expected returns. We can calculate the autocorrelation of Tiaa-cref High-yield returns to help us make a trade decision. For example, suppose you find that Tiaa-cref High-yield 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-yield 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-yield mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tiaa-cref High-yield 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-yield mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tiaa-cref High-yield Lagged Returns
When evaluating Tiaa-cref High-yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tiaa-cref High-yield mutual fund have on its future price. Tiaa-cref High-yield 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-yield autocorrelation shows the relationship between Tiaa-cref High-yield 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 Fund.
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-yield 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-yield security.
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