Tiaa-cref Emerging Correlations

TEDHX Fund

USD 8.77 0.01 0.11%

The current 90-days correlation between Tiaa Cref Emerging and United Kingdom Small is 0.4 (i.e., Very weak diversification). The correlation of Tiaa-cref Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Emerging Markets 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 Emerging Markets. 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 rate.

Moving together with Tiaa-cref Mutual Fund

1.0	TEDLX	Tiaa Cref Emerging	Pair Corr
1.0	TEDVX	Tiaa Cref Emerging	Pair Corr
1.0	TEDTX	Tiaa Cref Emerging	Pair Corr
1.0	TEDPX	Tiaa Cref Emerging	Pair Corr
0.78	TEMLX	Tiaa Cref Emerging	Pair Corr
0.8	TEMVX	Tiaa Cref Emerging	Pair Corr
0.69	TEMRX	Tiaa Cref Emerging	Pair Corr
0.78	TEMSX	Tiaa Cref Emerging	Pair Corr
0.79	TEMPX	Tiaa Cref Emerging	Pair Corr
0.85	TENWX	Tiaa Cref Emerging	Pair Corr
0.85	TEQLX	Tiaa Cref Emerging	Pair Corr
0.82	TEQSX	Tiaa Cref Emerging	Pair Corr
0.77	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.77	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.61	TIBDX	Tiaa Cref Bond	Pair Corr
0.63	TIBEX	Tiaa Cref Intl	Pair Corr
0.65	TIBWX	Tiaa Cref Intl	Pair Corr
0.79	TIEHX	Tiaa Cref International	Pair Corr
0.96	TIERX	Tiaa Cref International	Pair Corr
0.91	TIHHX	Tiaa Cref High	Pair Corr
0.78	TIHYX	Tiaa-cref High-yield	Pair Corr
0.96	TIIHX	Tiaa Cref Inflation	Pair Corr
0.74	TIISX	Tiaa Cref Intl	Pair Corr
0.96	TIILX	Tiaa Cref Inflation	Pair Corr
0.82	TIOSX	Tiaa Cref International	Pair Corr

Related Correlations Analysis

	DFUKX	ARTSX	NESGX	FCSGX	ESCIX	QUAZX	FRMPX
DFUKX		0.35	0.04	0.41	0.4	0.25	0.23	DFUKX
ARTSX	0.35		0.59	0.82	-0.26	0.89	0.87	ARTSX
NESGX	0.04	0.59		0.65	-0.07	0.81	0.85	NESGX
FCSGX	0.41	0.82	0.65		-0.02	0.88	0.88	FCSGX
ESCIX	0.4	-0.26	-0.07	-0.02		-0.22	-0.16	ESCIX
QUAZX	0.25	0.89	0.81	0.88	-0.22		0.99	QUAZX
FRMPX	0.23	0.87	0.85	0.88	-0.16	0.99		FRMPX
	DFUKX	ARTSX	NESGX	FCSGX	ESCIX	QUAZX	FRMPX

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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

FRMPX	+ 0.99	QUAZX
QUAZX	+ 0.89	ARTSX
QUAZX	+ 0.88	FCSGX
FRMPX	+ 0.88	FCSGX
FRMPX	+ 0.87	ARTSX
FRMPX	+ 0.85	NESGX

High negative correlations

ESCIX	- 0.26	ARTSX
QUAZX	- 0.22	ESCIX
FRMPX	- 0.16	ESCIX
ESCIX	- 0.07	NESGX
ESCIX	- 0.02	FCSGX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Emerging 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 Emerging'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
DFUKX	0.73	0.00	0.02	(0.02)	1.06	(0.68)	1.45	(1.50)	4.69
ARTSX	1.04	(0.13)	0.00	(0.17)	0.00	0.00	2.14	(2.76)	7.68
NESGX	1.27	(0.08)	0.00	(0.14)	0.00	0.00	2.06	(2.70)	8.46
FCSGX	0.89	(0.12)	0.00	(2.77)	0.00	0.00	1.70	(1.80)	5.89
ESCIX	0.68	0.03	0.04	0.08	0.94	(0.69)	1.22	(1.88)	4.06
QUAZX	1.07	(0.13)	0.00	(0.16)	0.00	0.00	1.54	(2.21)	6.18
FRMPX	0.95	(0.11)	0.00	(0.15)	0.00	0.00	1.64	(1.93)	6.07

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