Tiaa-cref International Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref International Equity
TIERX Fund  USD 8.39  0.02  0.24%   
The current 90-days correlation between Tiaa Cref International and City National Rochdale is 0.07 (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

Very weak diversification

The correlation between Tiaa Cref International Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Equity 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 Equity. 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 metropolitan statistical area.

Moving together with Tiaa-cref Mutual Fund

  0.95TEDNX Tiaa Cref EmergingPairCorr
  0.95TEDLX Tiaa Cref EmergingPairCorr
  0.95TEDHX Tiaa Cref EmergingPairCorr
  0.95TEDVX Tiaa Cref EmergingPairCorr
  0.95TEDTX Tiaa Cref EmergingPairCorr
  0.95TEDPX Tiaa Cref EmergingPairCorr
  0.81TEMLX Tiaa Cref EmergingPairCorr
  0.81TEMHX Tiaa Cref EmergingPairCorr
  0.82TEMVX Tiaa Cref EmergingPairCorr
  0.76TEMRX Tiaa Cref EmergingPairCorr
  0.8TEMSX Tiaa Cref EmergingPairCorr
  0.81TEMPX Tiaa Cref EmergingPairCorr
  0.87TENWX Tiaa Cref EmergingPairCorr
  0.87TEQLX Tiaa Cref EmergingPairCorr
  0.83TEQKX Tiaa Cref EmergingPairCorr
  0.87TEQHX Tiaa Cref EmergingPairCorr
  0.87TEQSX Tiaa Cref EmergingPairCorr
  0.87TEQPX Tiaa Cref EmergingPairCorr
  0.73TESHX Tiaa-cref Short-termPairCorr
  0.86TFITX Tiaa Cref LifecyclePairCorr
  0.86TFIRX Tiaa Cref LifecyclePairCorr
  0.86TFIPX Tiaa Cref LifecyclePairCorr
  0.87TFIHX Tiaa Cref LifecyclePairCorr
  0.64TFTIX Tiaa Cref LifecyclePairCorr
  0.64TFTHX Tiaa Cref LifecyclePairCorr
  0.73TGRKX Tiaa Cref GreenPairCorr
  0.74TGRNX Tiaa Cref GreenPairCorr
  0.71TGROX Tiaa Cref GreenPairCorr
  0.71TGRLX Tiaa Cref GreenPairCorr
  0.71TGRMX Tiaa Cref GreenPairCorr
  0.75TIBDX Tiaa Cref BondPairCorr
  0.73TIBEX Tiaa Cref IntlPairCorr
  0.76TIBFX Tiaa Cref BondPairCorr
  0.77TIBNX Tiaa Cref IntlPairCorr

Moving against Tiaa-cref Mutual Fund

  0.51TEWCX Tiaa Cref SocialPairCorr

Related Correlations Analysis

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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.

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