Tiaa Cref Correlations

TEQHX Fund

USD 11.15 0.05 0.45%

The current 90-days correlation between Tiaa Cref Emerging and Dodge International Stock is 0.82 (i.e., Very 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

Modest diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.21 (i.e., Modest 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 Mutual Fund

0.98	TEMLX	Tiaa Cref Emerging	Pair Corr
0.98	TEMHX	Tiaa Cref Emerging	Pair Corr
0.95	TEMVX	Tiaa Cref Emerging	Pair Corr
0.98	TEMRX	Tiaa Cref Emerging	Pair Corr
0.98	TEMSX	Tiaa Cref Emerging	Pair Corr
0.98	TEMPX	Tiaa Cref Emerging	Pair Corr
0.95	TENWX	Tiaa Cref Emerging	Pair Corr
1.0	TEQLX	Tiaa Cref Emerging	Pair Corr
1.0	TEQKX	Tiaa Cref Emerging	Pair Corr
1.0	TEQSX	Tiaa Cref Emerging	Pair Corr
1.0	TEQPX	Tiaa Cref Emerging	Pair Corr

Related Correlations Analysis

	DODFX	LOGRX	GMADX	HULEX	MPGVX
DODFX		-0.43	0.71	-0.49	0.86	DODFX
LOGRX	-0.43		0.14	0.93	-0.43	LOGRX
GMADX	0.71	0.14		0.09	0.74	GMADX
HULEX	-0.49	0.93	0.09		-0.54	HULEX
MPGVX	0.86	-0.43	0.74	-0.54		MPGVX
	DODFX	LOGRX	GMADX	HULEX	MPGVX

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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

HULEX	+ 0.93	LOGRX
MPGVX	+ 0.86	DODFX
MPGVX	+ 0.74	GMADX
GMADX	+ 0.71	DODFX
GMADX	+ 0.14	LOGRX
HULEX	+ 0.09	GMADX

High negative correlations

MPGVX	- 0.54	HULEX
HULEX	- 0.49	DODFX
MPGVX	- 0.43	LOGRX
LOGRX	- 0.43	DODFX

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
DODFX	0.59	(0.03)	(0.13)	0.04	0.76	(0.61)	1.18	(1.15)	4.42
LOGRX	0.46	0.03	(0.15)	0.50	0.39	(0.52)	0.86	(0.74)	3.02
GMADX	0.47	0.02	(0.14)	0.32	0.52	(0.52)	0.89	(0.97)	2.98
HULEX	0.59	0.10	(0.01)	1.02	0.39	(0.75)	1.36	(0.91)	5.17
MPGVX	0.48	(0.02)	0.00	(1.38)	0.00	0.00	0.92	(0.92)	3.10

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