Tiaa-cref Inflation-linked Correlations

TCILX Fund

USD 10.44 0.02 0.19%

The current 90-days correlation between Tiaa-cref Inflation-linked and Pgim Esg High is 0.07 (i.e., Significant diversification). The correlation of Tiaa-cref Inflation-linked 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 Inflation-linked Correlation With Market

Significant diversification

The correlation between Tiaa Cref Inflation Linked Bon and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Inflation Linked Bon 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 Inflation Linked Bond. 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-cref Mutual Fund

0.96	TEDLX	Tiaa Cref Emerging	Pair Corr
0.97	TEDVX	Tiaa Cref Emerging	Pair Corr
0.96	TEDTX	Tiaa Cref Emerging	Pair Corr
0.8	TEQPX	Tiaa Cref Emerging	Pair Corr
0.97	TIBDX	Tiaa Cref Bond	Pair Corr
0.94	TIDRX	Tiaa Cref Bond	Pair Corr
0.91	TIERX	Tiaa Cref International	Pair Corr
0.75	TIHPX	Tiaa-cref High-yield	Pair Corr
0.73	TIHYX	Tiaa-cref High-yield	Pair Corr
1.0	TIIHX	Tiaa Cref Inflation	Pair Corr
0.91	TIIEX	Tiaa Cref International	Pair Corr
0.83	TIISX	Tiaa Cref Intl	Pair Corr
1.0	TIILX	Tiaa-cref Inflation-linked	Pair Corr
1.0	TIIWX	Tiaa Cref Inflation	Pair Corr
0.61	TITIX	Tiaa Cref Tax	Pair Corr
0.73	TIYRX	Tiaa Cref High	Pair Corr
0.67	TLGRX	Tiaa Cref Lifecycle	Pair Corr
0.68	TLFAX	Tiaa Cref Lifecycle	Pair Corr
0.68	TLFIX	Tiaa Cref Lifecycle	Pair Corr
0.7	TLIPX	Tiaa Cref Lifecycle	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.52	TIEIX	Tiaa Cref Equity	Pair Corr
0.39	TICHX	Tiaa Cref Social	Pair Corr
0.73	TILPX	Tiaa-cref Large-cap	Pair Corr
0.72	TILWX	Tiaa-cref Large-cap	Pair Corr
0.72	TILHX	Tiaa-cref Large-cap	Pair Corr
0.72	TILGX	Tiaa Cref Large	Pair Corr
0.71	TILIX	Tiaa Cref Large	Pair Corr
0.7	TILRX	Tiaa-cref Large-cap	Pair Corr
0.64	TISEX	Tiaa-cref Small-cap	Pair Corr
0.63	TIIRX	Tiaa Cref Growth	Pair Corr
0.52	TINRX	Tiaa Cref Equity	Pair Corr
0.44	TIMVX	Tiaa-cref Mid-cap	Pair Corr

Related Correlations Analysis

	PGANX	RHYAX	VRHYX	ARTFX	BXHCX	CWFIX	TRKZX	QLMYIX
PGANX		0.93	0.92	0.95	0.93	0.94	0.94	0.96	PGANX
RHYAX	0.93		0.93	0.93	0.94	0.92	0.96	0.94	RHYAX
VRHYX	0.92	0.93		0.97	0.99	0.83	0.94	0.9	VRHYX
ARTFX	0.95	0.93	0.97		0.98	0.9	0.95	0.93	ARTFX
BXHCX	0.93	0.94	0.99	0.98		0.86	0.95	0.92	BXHCX
CWFIX	0.94	0.92	0.83	0.9	0.86		0.9	0.97	CWFIX
TRKZX	0.94	0.96	0.94	0.95	0.95	0.9		0.9	TRKZX
QLMYIX	0.96	0.94	0.9	0.93	0.92	0.97	0.9		QLMYIX
	PGANX	RHYAX	VRHYX	ARTFX	BXHCX	CWFIX	TRKZX	QLMYIX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Inflation-linked 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 Inflation-linked'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
PGANX	0.09	0.02	0.18	3.59	0.00	(0.18)	0.23	(0.22)	0.91
RHYAX	0.12	0.01	0.15	0.08	0.03	(0.18)	0.31	(0.31)	1.14
VRHYX	0.16	0.01	0.10	(0.17)	0.11	(0.32)	0.26	(0.26)	1.30
ARTFX	0.13	0.01	0.15	(0.22)	0.06	(0.19)	0.44	(0.22)	0.89
BXHCX	0.13	0.00	0.11	(0.09)	0.11	(0.20)	0.37	(0.37)	1.00
CWFIX	0.08	0.02	0.33	0.21	0.00	(0.12)	0.11	(0.11)	0.63
TRKZX	0.16	0.02	0.18	0.13	0.00	(0.24)	0.51	(0.34)	1.20
QLMYIX	0.13	0.02	0.16	(0.65)	0.00	(0.21)	0.33	(0.33)	0.99

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