College Retirement Correlations

QCGLRX Fund

USD 341.81 3.31 0.96%

The current 90-days correlation between College Retirement and Siit Equity Factor is 0.83 (i.e., Very poor diversification). The correlation of College Retirement 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.

College Retirement Correlation With Market

Average diversification

The correlation between College Retirement Equities and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding College Retirement Equities and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in College Retirement Equities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with College Fund

0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.93	VTSMX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.69	FTYPX	Fidelity Freedom Index	Pair Corr
0.68	GCAVX	Gmo Small Cap	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.72	WMT	Walmart	Pair Corr
0.68	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.67	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against College Fund

0.45	GAAVX	Gmo Alternative Allo	Pair Corr
0.43	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	SEHAX	AAEZX	LEQCX	GSCYX	CSPFX	QLENX	EEIFX
SEHAX		0.61	0.49	0.9	0.88	0.89	0.82	SEHAX
AAEZX	0.61		0.3	0.46	0.76	0.53	0.54	AAEZX
LEQCX	0.49	0.3		0.42	0.32	0.74	0.14	LEQCX
GSCYX	0.9	0.46	0.42		0.8	0.71	0.8	GSCYX
CSPFX	0.88	0.76	0.32	0.8		0.68	0.71	CSPFX
QLENX	0.89	0.53	0.74	0.71	0.68		0.61	QLENX
EEIFX	0.82	0.54	0.14	0.8	0.71	0.61		EEIFX
	SEHAX	AAEZX	LEQCX	GSCYX	CSPFX	QLENX	EEIFX

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Risk-Adjusted Indicators

There is a big difference between College Fund performing well and College Retirement 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 College Retirement'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
SEHAX	0.66	(0.03)	0.00	(0.10)	0.00	0.00	1.11	(1.20)	11.52
AAEZX	0.26	(0.04)	0.00	(0.59)	0.00	0.00	0.60	(0.59)	1.99
LEQCX	0.38	0.06	0.09	0.49	0.36	(0.44)	0.87	(0.71)	2.97
GSCYX	0.87	(0.03)	0.00	(0.07)	0.00	0.00	1.62	(1.55)	11.34
CSPFX	0.62	(0.05)	0.00	(0.20)	0.00	0.00	1.19	(1.14)	4.69
QLENX	0.47	0.02	0.00	1.02	1.38	(0.46)	0.76	(0.64)	8.74
EEIFX	0.47	(0.07)	0.00	(0.53)	0.00	0.00	0.75	(1.14)	4.12

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