Tiaa-cref Intl Correlations

TIBEX Fund

USD 8.82 0.01 0.11%

The current 90-days correlation between Tiaa Cref Intl and Tiaa Cref Emerging Markets is 0.14 (i.e., Average diversification). The correlation of Tiaa-cref Intl 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 Intl Correlation With Market

Significant diversification

The correlation between Tiaa Cref Intl Bond and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Intl Bond 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 Intl Bond. 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 income.

Moving together with Tiaa-cref Mutual Fund

0.8	TEDNX	Tiaa Cref Emerging	Pair Corr
0.8	TEDLX	Tiaa Cref Emerging	Pair Corr
0.8	TEDHX	Tiaa Cref Emerging	Pair Corr
0.79	TEDVX	Tiaa Cref Emerging	Pair Corr
0.79	TEDTX	Tiaa Cref Emerging	Pair Corr
0.8	TEDPX	Tiaa Cref Emerging	Pair Corr
0.99	TIBNX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX
TEDNX		1.0	1.0	0.92	1.0	0.93	0.23	0.53	0.53	0.46	TEDNX
TEDLX	1.0		1.0	0.93	1.0	0.94	0.22	0.54	0.54	0.47	TEDLX
TEDHX	1.0	1.0		0.92	1.0	0.93	0.22	0.53	0.53	0.45	TEDHX
TEDVX	0.92	0.93	0.92		0.92	0.99	0.31	0.6	0.6	0.56	TEDVX
TEDTX	1.0	1.0	1.0	0.92		0.93	0.24	0.54	0.54	0.48	TEDTX
TEDPX	0.93	0.94	0.93	0.99	0.93		0.21	0.6	0.6	0.56	TEDPX
TEIHX	0.23	0.22	0.22	0.31	0.24	0.21		0.0	-0.01	0.04	TEIHX
TEMLX	0.53	0.54	0.53	0.6	0.54	0.6	0.0		1.0	0.96	TEMLX
TEMHX	0.53	0.54	0.53	0.6	0.54	0.6	-0.01	1.0		0.96	TEMHX
TEMVX	0.46	0.47	0.45	0.56	0.48	0.56	0.04	0.96	0.96		TEMVX
	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TEDLX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDNX
TEDTX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDLX
TEDTX	+ 1.0	TEDLX
TEDTX	+ 1.0	TEDHX

High negative correlations

TEMHX	- 0.01	TEIHX
TEMLX	- 0.0	TEIHX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Intl 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 Intl'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
TEDNX	0.16	0.01	(0.43)	0.84	0.00	(0.23)	0.34	(0.23)	1.27
TEDLX	0.16	0.01	(0.43)	0.84	0.00	(0.24)	0.34	(0.23)	1.27
TEDHX	0.16	0.01	(0.40)	0.66	0.05	(0.23)	0.34	(0.23)	1.38
TEDVX	0.16	0.02	(0.39)	0.65	0.00	(0.23)	0.34	(0.23)	1.27
TEDTX	0.17	0.01	(0.44)	0.73	0.00	(0.25)	0.34	(0.23)	1.27
TEDPX	0.16	0.01	(0.42)	0.68	0.04	(0.21)	0.34	(0.23)	1.15
TEIHX	0.55	0.02	0.01	0.13	0.66	(0.58)	1.08	(1.30)	4.12
TEMLX	0.81	(0.05)	(0.10)	(0.03)	1.02	(0.86)	1.69	(1.85)	6.03
TEMHX	0.81	(0.05)	0.00	(0.03)	0.00	0.00	1.69	(1.85)	6.03
TEMVX	0.81	0.00	(0.10)	0.08	1.03	(0.87)	1.68	(1.91)	6.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC