Tiaa-cref International Correlations

TIBUX Fund

USD 8.65 0.01 0.12%

The current 90-days correlation between Tiaa Cref International and Dreyfus Technology Growth is 0.09 (i.e., Significant diversification). The correlation of Tiaa-cref International 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 International Correlation With Market

Modest diversification

The correlation between Tiaa Cref International Bond and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International 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 International 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 employment.

Moving together with Tiaa-cref Mutual Fund

0.72	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.72	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.72	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.73	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.67	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.67	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.74	THCVX	Tiaa-cref Large-cap	Pair Corr
0.93	TIBEX	Tiaa Cref Intl	Pair Corr
0.93	TIBNX	Tiaa Cref Intl	Pair Corr
0.93	TIBLX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	DTEYX	ITYYX	WFSTX	SHPAX	MTCCX	USTCX	GISTX
DTEYX		0.85	0.88	0.02	0.65	0.96	0.99	DTEYX
ITYYX	0.85		0.91	-0.06	0.88	0.92	0.89	ITYYX
WFSTX	0.88	0.91		0.18	0.82	0.88	0.91	WFSTX
SHPAX	0.02	-0.06	0.18		0.07	-0.13	0.01	SHPAX
MTCCX	0.65	0.88	0.82	0.07		0.71	0.7	MTCCX
USTCX	0.96	0.92	0.88	-0.13	0.71		0.97	USTCX
GISTX	0.99	0.89	0.91	0.01	0.7	0.97		GISTX
	DTEYX	ITYYX	WFSTX	SHPAX	MTCCX	USTCX	GISTX

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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

GISTX	+ 0.99	DTEYX
GISTX	+ 0.97	USTCX
USTCX	+ 0.96	DTEYX
USTCX	+ 0.92	ITYYX
WFSTX	+ 0.91	ITYYX
GISTX	+ 0.91	WFSTX

High negative correlations

USTCX	- 0.13	SHPAX
SHPAX	- 0.06	ITYYX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref International 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 International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DTEYX	1.40	(0.04)	(0.14)	2.50	(3.77)	7.35
ITYYX	1.69	(0.28)	(0.32)	2.36	(4.93)	11.83
WFSTX	1.00	(0.18)	(0.30)	1.46	(2.75)	8.38
SHPAX	0.68	(0.06)	0.35	1.21	(1.61)	3.40
MTCCX	1.50	(0.26)	(0.23)	1.96	(3.52)	20.19
USTCX	1.38	(0.11)	(0.19)	2.11	(3.95)	7.33
GISTX	1.30	(0.08)	(0.17)	2.16	(3.92)	7.54

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