Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Growth Income
TGIHX Fund  USD 14.54  0.01  0.07%   
The current 90-days correlation between Tiaa Cref Growth and Select Fund C is 0.9 (i.e., Almost no 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

Poor diversification

The correlation between Tiaa Cref Growth Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Growth Income 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 Growth Income. 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

  0.99TEIHX Tiaa Cref EquityPairCorr
  0.99TEQWX Tiaa Cref EquityPairCorr
  0.66TFITX Tiaa Cref LifecyclePairCorr
  0.67TFIRX Tiaa Cref LifecyclePairCorr
  0.67TFIPX Tiaa Cref LifecyclePairCorr
  0.65TFIHX Tiaa Cref LifecyclePairCorr
  0.82TFTIX Tiaa Cref LifecyclePairCorr
  0.82TFTHX Tiaa Cref LifecyclePairCorr
  1.0TGIWX Tiaa Cref GrowthPairCorr

Moving against Tiaa Mutual Fund

  0.52TEDVX Tiaa Cref EmergingPairCorr
  0.51TEDTX Tiaa Cref EmergingPairCorr
  0.48TEDNX Tiaa Cref EmergingPairCorr
  0.47TEDLX Tiaa Cref EmergingPairCorr
  0.47TEDHX Tiaa Cref EmergingPairCorr
  0.46TEDPX Tiaa Cref EmergingPairCorr
  0.42TEMVX Tiaa Cref EmergingPairCorr
  0.41TEMLX Tiaa Cref EmergingPairCorr
  0.41TEMHX Tiaa Cref Emerging Potential GrowthPairCorr
  0.41TEMRX Tiaa Cref Emerging Potential GrowthPairCorr
  0.41TEMSX Tiaa Cref EmergingPairCorr
  0.41TEMPX Tiaa Cref EmergingPairCorr
  0.39TENWX Tiaa Cref EmergingPairCorr
  0.39TEQLX Tiaa Cref EmergingPairCorr
  0.39TEQHX Tiaa Cref EmergingPairCorr
  0.38TEQKX Tiaa Cref EmergingPairCorr
  0.7TESHX Tiaa-cref Short-termPairCorr
  0.61TGRKX Tiaa Cref GreenPairCorr
  0.6TGRNX Tiaa Cref GreenPairCorr
  0.59TGROX Tiaa Cref GreenPairCorr
  0.59TGRLX Tiaa Cref GreenPairCorr
  0.59TGRMX Tiaa Cref GreenPairCorr
  0.39TEQSX Tiaa Cref EmergingPairCorr
  0.39TEQPX Tiaa Cref EmergingPairCorr
  0.61TIDPX Tiaa Cref BondPairCorr
  0.6TIBDX Tiaa Cref BondPairCorr
  0.6TIBFX Tiaa Cref BondPairCorr
  0.6TIBHX Tiaa Cref BondPairCorr
  0.6TIDRX Tiaa Cref BondPairCorr
  0.47TIERX Tiaa Cref InternationalPairCorr

Related Correlations Analysis

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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.

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