Tiaa-cref Short-term Correlations

TCTWX Fund

USD 10.12 0.02 0.20%

The current 90-days correlation between Tiaa-cref Short-term and Ab Global Bond is 0.1 (i.e., Average diversification). The correlation of Tiaa-cref Short-term 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 Short-term Correlation With Market

Good diversification

The correlation between Tiaa Cref Short Term Bond and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Short Term Bond 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 Short Term 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 housing.

Moving together with Tiaa-cref Mutual Fund

0.93	TEDNX	Tiaa Cref Emerging	Pair Corr
0.93	TEDLX	Tiaa Cref Emerging	Pair Corr
0.93	TEDHX	Tiaa Cref Emerging	Pair Corr
0.93	TEDVX	Tiaa Cref Emerging	Pair Corr
0.92	TEDTX	Tiaa Cref Emerging	Pair Corr
0.93	TEDPX	Tiaa Cref Emerging	Pair Corr
0.72	TEMLX	Tiaa Cref Emerging Potential Growth	Pair Corr
0.72	TEMHX	Tiaa Cref Emerging Potential Growth	Pair Corr
0.73	TEMVX	Tiaa Cref Emerging	Pair Corr
0.72	TEMRX	Tiaa Cref Emerging Potential Growth	Pair Corr
0.72	TEMSX	Tiaa Cref Emerging Potential Growth	Pair Corr
0.72	TEMPX	Tiaa Cref Emerging	Pair Corr
0.73	TENWX	Tiaa Cref Emerging	Pair Corr
0.73	TEQLX	Tiaa Cref Emerging	Pair Corr
0.73	TEQKX	Tiaa Cref Emerging	Pair Corr
0.73	TEQHX	Tiaa Cref Emerging	Pair Corr
0.73	TEQSX	Tiaa Cref Emerging	Pair Corr
0.73	TEQPX	Tiaa Cref Emerging	Pair Corr
0.99	TESHX	Tiaa-cref Short-term	Pair Corr
0.95	TGRKX	Tiaa Cref Green	Pair Corr
0.94	TGRNX	Tiaa Cref Green	Pair Corr
0.94	TGROX	Tiaa Cref Green	Pair Corr
0.95	TGRLX	Tiaa Cref Green	Pair Corr
0.94	TGRMX	Tiaa Cref Green	Pair Corr
0.95	TIBDX	Tiaa Cref Bond	Pair Corr
0.95	TIBFX	Tiaa Cref Bond	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.57	TEIHX	Tiaa Cref Equity	Pair Corr
0.68	TGIHX	Tiaa Cref Growth	Pair Corr
0.68	TGIWX	Tiaa Cref Growth	Pair Corr
0.58	TEQWX	Tiaa Cref Equity	Pair Corr
0.58	TIEIX	Tiaa Cref Equity	Pair Corr
0.47	TICRX	Tiaa Cref Social	Pair Corr
0.46	TICHX	Tiaa Cref Social	Pair Corr

Related Correlations Analysis

	ANAGX	BXFIX	DHGCX	MGKAX	DBIWX	WRLDX	DODWX
ANAGX		0.69	0.97	0.53	0.85	0.8	0.67	ANAGX
BXFIX	0.69		0.58	0.57	0.73	0.7	0.49	BXFIX
DHGCX	0.97	0.58		0.51	0.8	0.8	0.64	DHGCX
MGKAX	0.53	0.57	0.51		0.74	0.81	0.77	MGKAX
DBIWX	0.85	0.73	0.8	0.74		0.94	0.78	DBIWX
WRLDX	0.8	0.7	0.8	0.81	0.94		0.81	WRLDX
DODWX	0.67	0.49	0.64	0.77	0.78	0.81		DODWX
	ANAGX	BXFIX	DHGCX	MGKAX	DBIWX	WRLDX	DODWX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Short-term 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 Short-term'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
ANAGX	0.18	0.00	0.12	0.04	0.19	(0.27)	0.44	(0.44)	1.46
BXFIX	0.08	(0.01)	0.21	0.27	0.06	(0.28)	0.23	(0.12)	0.93
DHGCX	0.17	(0.01)	0.12	0.35	0.21	(0.22)	0.36	(0.36)	1.46
MGKAX	1.04	(0.17)	0.00	(0.33)	0.00	0.00	1.57	(2.37)	14.60
DBIWX	0.26	0.01	0.12	(0.17)	0.32	(0.28)	0.48	(0.58)	1.77
WRLDX	0.64	(0.02)	0.00	0.09	0.00	0.00	1.24	(1.68)	2.96
DODWX	0.82	(0.07)	0.00	(0.15)	0.00	0.00	1.28	(1.11)	13.09

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