Tiaa-cref Lifecycle Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle 2010
TCTIX Fund  USD 10.72  0.02  0.19%   
The current 90-days correlation between Tiaa Cref Lifecycle and Pender Real Estate is -0.17 (i.e., Good diversification). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Poor diversification

The correlation between Tiaa Cref Lifecycle 2010 and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle 2010 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 Lifecycle 2010. 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 gross domestic product.

Moving together with TIAA-CREF Mutual Fund

  0.81TEDNX Tiaa Cref EmergingPairCorr
  0.8TEDLX Tiaa Cref EmergingPairCorr
  0.8TEDHX Tiaa Cref EmergingPairCorr
  0.82TEDVX Tiaa Cref EmergingPairCorr
  0.8TEDTX Tiaa Cref EmergingPairCorr
  0.89TEDPX Tiaa Cref EmergingPairCorr
  0.75TFITX Tiaa Cref LifecyclePairCorr
  0.75TFIRX Tiaa Cref LifecyclePairCorr
  0.64TFIPX Tiaa Cref LifecyclePairCorr
  0.75TFIHX Tiaa Cref LifecyclePairCorr
  0.74TFTIX Tiaa Cref LifecyclePairCorr
  0.75TFTHX Tiaa Cref LifecyclePairCorr
  0.74TIBEX Tiaa Cref IntlPairCorr
  0.73TIBNX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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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   
REPIX
+ 0.99
SAREX
PHRAX
+ 0.87
VGSIX
VGSIX
+ 0.82
SAREX
REPIX
+ 0.81
VGSIX
CNREX
+ 0.76
VGSIX
PHRAX
+ 0.71
CNREX
  
High negative correlations   
REPIX
- 0.33
PNDIX
SAREX
- 0.31
PNDIX
VGSIX
- 0.12
PNDIX

Risk-Adjusted Indicators

There is a big difference between TIAA-CREF Mutual Fund performing well and Tiaa-cref Lifecycle 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 Lifecycle'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.

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