Tiaa-cref Social Correlations
| TEWCX Fund | USD 21.43 0.00 0.00% |
The current 90-days correlation between Tiaa Cref Social and Vanguard Growth Index is -0.17 (i.e., Good diversification). The correlation of Tiaa-cref Social 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 Social Correlation With Market
Good diversification
The correlation between Tiaa Cref Social Choice and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Social Choice and DJI in the same portfolio, assuming nothing else is changed.
Tiaa-cref |
Moving against Tiaa-cref Mutual Fund
| 0.47 | TEDVX | Tiaa Cref Emerging | PairCorr |
| 0.44 | TEDNX | Tiaa Cref Emerging | PairCorr |
| 0.44 | TEDHX | Tiaa Cref Emerging | PairCorr |
| 0.43 | TEDLX | Tiaa Cref Emerging | PairCorr |
| 0.43 | TEDTX | Tiaa Cref Emerging | PairCorr |
| 0.43 | TEDPX | Tiaa Cref Emerging | PairCorr |
| 0.67 | TESHX | Tiaa-cref Short-term | PairCorr |
| 0.47 | TIEHX | Tiaa Cref International | PairCorr |
Related Correlations Analysis
| 0.53 | 0.39 | 0.52 | 0.75 | 0.46 | 0.88 | VIGRX | ||
| 0.53 | 0.74 | 0.94 | 0.37 | 0.9 | 0.69 | FLOKX | ||
| 0.39 | 0.74 | 0.77 | 0.46 | 0.51 | 0.3 | HNCAX | ||
| 0.52 | 0.94 | 0.77 | 0.35 | 0.86 | 0.65 | CIGYX | ||
| 0.75 | 0.37 | 0.46 | 0.35 | 0.2 | 0.58 | HGOIX | ||
| 0.46 | 0.9 | 0.51 | 0.86 | 0.2 | 0.74 | JTGIX | ||
| 0.88 | 0.69 | 0.3 | 0.65 | 0.58 | 0.74 | OLGCX | ||
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Risk-Adjusted Indicators
There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Social 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 Social'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VIGRX | 0.90 | 0.02 | 0.02 | 0.01 | 1.21 | 1.69 | 5.11 | |||
| FLOKX | 0.58 | 0.02 | 0.04 | 0.02 | 0.80 | 0.94 | 3.36 | |||
| HNCAX | 0.73 | 0.08 | 0.10 | (0.42) | 0.91 | 1.46 | 4.27 | |||
| CIGYX | 0.64 | 0.06 | 0.08 | 0.09 | 0.78 | 1.29 | 3.73 | |||
| HGOIX | 1.06 | (0.04) | 0.00 | 0.10 | 0.00 | 1.91 | 6.39 | |||
| JTGIX | 0.46 | 0.00 | 0.00 | (0.03) | 0.00 | 0.83 | 2.98 | |||
| OLGCX | 0.89 | (0.01) | 0.00 | (0.04) | 0.00 | 1.64 | 5.32 |
Tiaa-cref Social Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tiaa-cref Social mutual fund to make a market-neutral strategy. Peer analysis of Tiaa-cref Social could also be used in its relative valuation, which is a method of valuing Tiaa-cref Social by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |