Tiaa-cref Emerging Correlations

TEQPX Fund

USD 11.45 0.04 0.35%

The current 90-days correlation between Tiaa Cref Emerging and Stringer Growth Fund is 0.63 (i.e., Poor 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

Weak diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.38 (i.e., Weak 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 american community survey.

Moving together with Tiaa-cref Mutual Fund

0.85	TEDLX	Tiaa Cref Emerging	Pair Corr
0.85	TEDHX	Tiaa Cref Emerging	Pair Corr
0.84	TEDVX	Tiaa Cref Emerging	Pair Corr
0.84	TEDTX	Tiaa Cref Emerging	Pair Corr
0.99	TEMLX	Tiaa Cref Emerging	Pair Corr
0.99	TEMHX	Tiaa Cref Emerging	Pair Corr
1.0	TEQLX	Tiaa Cref Emerging	Pair Corr
1.0	TEQKX	Tiaa Cref Emerging	Pair Corr
0.75	TGRKX	Tiaa Cref Green	Pair Corr
0.78	TIBDX	Tiaa Cref Bond	Pair Corr
0.77	TIBHX	Tiaa Cref Bond	Pair Corr
0.77	TIDRX	Tiaa Cref Bond	Pair Corr
0.77	TIDPX	Tiaa Cref Bond	Pair Corr
0.92	TIERX	Tiaa Cref International	Pair Corr
0.61	TIHYX	Tiaa-cref High-yield	Pair Corr
0.79	TIIHX	Tiaa Cref Inflation	Pair Corr
0.92	TIIEX	Tiaa Cref International	Pair Corr
0.96	TIISX	Tiaa Cref Intl	Pair Corr
0.79	TIILX	Tiaa-cref Inflation-linked	Pair Corr
0.79	TIIWX	Tiaa Cref Inflation	Pair Corr
0.8	TIKRX	Tiaa-cref Inflation-linked	Pair Corr
0.66	TIOVX	Tiaa Cref International	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.49	TILRX	Tiaa-cref Large-cap	Pair Corr
0.48	TISBX	Tiaa-cref Small-cap	Pair Corr
0.47	TILPX	Tiaa-cref Large-cap	Pair Corr
0.47	TILWX	Tiaa-cref Large-cap	Pair Corr
0.47	TILHX	Tiaa-cref Large-cap	Pair Corr
0.47	TILGX	Tiaa Cref Large	Pair Corr
0.44	TILIX	Tiaa Cref Large	Pair Corr
0.41	TIIRX	Tiaa Cref Growth	Pair Corr
0.41	TISEX	Tiaa-cref Small-cap	Pair Corr

Related Correlations Analysis

	SRGAX	MSSGX	LMLRX	UPDDX	EIPFX	TFAGX	ARTSX	GCIGX
SRGAX		0.67	0.93	0.79	0.52	0.83	0.61	0.39	SRGAX
MSSGX	0.67		0.42	0.74	0.07	0.82	0.87	-0.27	MSSGX
LMLRX	0.93	0.42		0.63	0.65	0.65	0.4	0.58	LMLRX
UPDDX	0.79	0.74	0.63		0.23	0.95	0.86	-0.03	UPDDX
EIPFX	0.52	0.07	0.65	0.23		0.15	0.03	0.42	EIPFX
TFAGX	0.83	0.82	0.65	0.95	0.15		0.87	0.0	TFAGX
ARTSX	0.61	0.87	0.4	0.86	0.03	0.87		-0.3	ARTSX
GCIGX	0.39	-0.27	0.58	-0.03	0.42	0.0	-0.3		GCIGX
	SRGAX	MSSGX	LMLRX	UPDDX	EIPFX	TFAGX	ARTSX	GCIGX

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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

TFAGX	+ 0.95	UPDDX
LMLRX	+ 0.93	SRGAX
ARTSX	+ 0.87	MSSGX
ARTSX	+ 0.87	TFAGX
ARTSX	+ 0.86	UPDDX
TFAGX	+ 0.83	SRGAX

High negative correlations

GCIGX	- 0.3	ARTSX
GCIGX	- 0.27	MSSGX
GCIGX	- 0.03	UPDDX
GCIGX	- 0.0	TFAGX

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
SRGAX	0.65	(0.03)	0.00	(0.03)	0.00	0.00	1.25	(1.51)	3.64
MSSGX	1.80	(0.18)	0.00	(0.11)	0.00	0.00	3.81	(3.91)	9.53
LMLRX	0.33	(0.01)	0.00	(0.03)	0.00	0.00	0.61	(0.69)	2.17
UPDDX	2.03	(0.07)	0.00	0.17	0.00	0.00	3.22	(5.01)	15.30
EIPFX	0.82	0.01	0.01	0.03	1.68	(0.74)	1.69	(1.72)	7.28
TFAGX	1.02	(0.09)	0.00	0.54	0.00	0.00	1.73	(2.74)	5.37
ARTSX	1.18	(0.13)	0.00	0.89	0.00	0.00	2.24	(3.17)	5.69
GCIGX	0.81	(0.02)	0.00	(0.02)	0.00	0.00	1.83	(2.11)	6.40

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