Tiaa Cref Correlations

TCMVX Fund

USD 17.56 0.20 1.13%

The current 90-days correlation between Tiaa Cref Mid and Fidelity Advisor Financial is 0.68 (i.e., Poor 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

Average diversification

The correlation between Tiaa Cref Mid Cap Value and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Mid Cap Value 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 Mid Cap Value. 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 real.

Moving together with Tiaa Mutual Fund

0.92	TEIHX	Tiaa Cref Equity	Pair Corr
0.95	TEQWX	Tiaa Cref Equity	Pair Corr
0.81	TEWCX	Tiaa Cref Social	Pair Corr
0.8	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.82	TGIHX	Tiaa Cref Growth	Pair Corr
0.93	TGIWX	Tiaa Cref Growth	Pair Corr
0.94	THCVX	Tiaa Cref Large	Pair Corr

Moving against Tiaa Mutual Fund

0.56	TESHX	Tiaa Cref Short	Pair Corr
0.55	TGRNX	Tiaa Cref Green	Pair Corr
0.55	TGROX	Tiaa Cref Green	Pair Corr
0.55	TGRLX	Tiaa Cref Green	Pair Corr
0.54	TGRKX	Tiaa Cref Green	Pair Corr
0.63	TIBDX	Tiaa Cref Bond	Pair Corr
0.61	TIBHX	Tiaa Cref Bond	Pair Corr
0.61	TIDRX	Tiaa Cref Bond	Pair Corr
0.6	TIDPX	Tiaa Cref Bond	Pair Corr
0.57	TIBFX	Tiaa Cref Bond	Pair Corr
0.55	TGRMX	Tiaa Cref Green	Pair Corr

Related Correlations Analysis

	FIKBX	FTIXX	BTO	FNPIX	PFSQX	GCFSX	MSVIX
FIKBX		0.0	0.97	1.0	0.97	0.93	0.84	FIKBX
FTIXX	0.0		0.0	0.0	0.0	0.0	0.0	FTIXX
BTO	0.97	0.0		0.97	0.98	0.92	0.86	BTO
FNPIX	1.0	0.0	0.97		0.97	0.91	0.82	FNPIX
PFSQX	0.97	0.0	0.98	0.97		0.96	0.89	PFSQX
GCFSX	0.93	0.0	0.92	0.91	0.96		0.9	GCFSX
MSVIX	0.84	0.0	0.86	0.82	0.89	0.9		MSVIX
	FIKBX	FTIXX	BTO	FNPIX	PFSQX	GCFSX	MSVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FNPIX	+ 1.0	FIKBX
PFSQX	+ 0.98	BTO
BTO	+ 0.97	FIKBX
PFSQX	+ 0.97	FIKBX
FNPIX	+ 0.97	BTO
PFSQX	+ 0.97	FNPIX

High negative correlations

MSVIX	- 0.0	FTIXX
GCFSX	- 0.0	FTIXX
PFSQX	- 0.0	FTIXX
FNPIX	- 0.0	FTIXX
BTO	- 0.0	FTIXX
FTIXX	- 0.0	FIKBX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIKBX	0.81	0.25	0.17	(4.81)	0.43	(1.01)	1.88	(1.15)	9.76
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTO	0.89	0.13	0.18	0.20	0.65	(0.99)	1.88	(1.32)	9.88
FNPIX	1.06	0.26	0.12	(2.84)	0.87	(1.15)	2.09	(1.83)	11.72
PFSQX	0.76	0.01	0.06	0.12	0.56	(0.97)	1.55	(1.42)	8.42
GCFSX	0.64	0.03	0.03	0.14	0.53	(0.86)	1.52	(1.21)	6.07
MSVIX	0.73	0.01	0.03	0.12	0.55	(0.87)	1.78	(1.31)	5.71

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC