Tiaa Cref Correlations

TIILX Fund

USD 10.79 0.02 0.19%

The current 90-days correlation between Tiaa Cref Inflation and Science Technology Fund is 0.2 (i.e., Modest 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

Modest diversification

The correlation between Tiaa Cref Inflation Linked Bon and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Inflation Linked Bon 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 Inflation Linked 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 bureau of economic analysis.

Moving together with Tiaa Mutual Fund

0.96	TEDHX	Tiaa Cref Emerging	Pair Corr
0.7	TEQSX	Tiaa Cref Emerging	Pair Corr
0.9	TIERX	Tiaa Cref International	Pair Corr
1.0	TIIHX	Tiaa Cref Inflation	Pair Corr
0.82	TIORX	Tiaa Cref Bond	Pair Corr
0.84	TIYRX	Tiaa-cref High-yield	Pair Corr
0.66	TIXRX	Tiaa-cref Tax-exempt	Pair Corr
0.67	TLMRX	Tiaa Cref Lifecycle	Pair Corr
0.79	TLSHX	Tiaa Cref Lifestyle	Pair Corr
0.68	TSIMX	Tiaa Cref Lifestyle	Pair Corr
0.68	TSMHX	Tiaa Cref Lifestyle	Pair Corr
0.7	TBIRX	Tiaa Cref Bond	Pair Corr
0.91	VTAPX	Vanguard Short Term	Pair Corr
0.92	VTSPX	Vanguard Short Term	Pair Corr
0.77	TRLDX	T Rowe Price	Pair Corr
0.8	TRBFX	T Rowe Price	Pair Corr
0.8	TRPZX	T Rowe Price	Pair Corr
0.93	FSTZX	Fidelity Series 0	Pair Corr
0.97	TIIWX	Tiaa-cref Inflation-linked	Pair Corr
1.0	TIKRX	Tiaa Cref Inflation	Pair Corr
1.0	TIKPX	Tiaa Cref Inflation	Pair Corr
0.92	PDI	Pimco Dynamic Income	Pair Corr
0.74	FTCAX	Templeton Strained Bond	Pair Corr
0.85	JHYUX	Jpmorgan High Yield	Pair Corr
0.9	GCMDX	Goldman Sachs Local	Pair Corr

Moving against Tiaa Mutual Fund

0.42	TCTJX	Transamerica Cleartrack	Pair Corr
0.41	TCSUX	Cleartrack 2020 Class	Pair Corr
0.39	TCTGX	Transamerica Cleartrack	Pair Corr
0.38	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	USTCX	HTECX	GISTX	ICTEX	TEFQX	VITAX	BTEEX	TOWTX
USTCX		0.79	0.9	0.61	0.64	0.86	0.59	0.64	USTCX
HTECX	0.79		0.84	0.78	0.74	0.54	0.38	0.72	HTECX
GISTX	0.9	0.84		0.63	0.84	0.68	0.61	0.78	GISTX
ICTEX	0.61	0.78	0.63		0.52	0.32	0.37	0.6	ICTEX
TEFQX	0.64	0.74	0.84	0.52		0.38	0.63	0.84	TEFQX
VITAX	0.86	0.54	0.68	0.32	0.38		0.47	0.37	VITAX
BTEEX	0.59	0.38	0.61	0.37	0.63	0.47		0.63	BTEEX
TOWTX	0.64	0.72	0.78	0.6	0.84	0.37	0.63		TOWTX
	USTCX	HTECX	GISTX	ICTEX	TEFQX	VITAX	BTEEX	TOWTX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USTCX	1.21	(0.05)	0.00	(0.12)	0.00	0.00	2.06	(3.17)	7.01
HTECX	1.11	(0.08)	0.00	(0.17)	0.00	0.00	1.61	(3.14)	7.23
GISTX	1.14	0.00	0.00	(0.06)	0.00	0.00	2.16	(2.80)	7.34
ICTEX	0.86	(0.15)	0.00	2.97	0.00	0.00	1.45	(2.10)	5.68
TEFQX	1.45	0.03	0.00	(0.03)	0.00	0.00	2.92	(3.02)	8.10
VITAX	1.18	(0.06)	0.00	(0.13)	0.00	0.00	2.01	(3.33)	7.45
BTEEX	1.18	(0.03)	0.03	0.00	1.87	(1.10)	2.35	(3.77)	7.75
TOWTX	0.64	(0.03)	0.00	(0.14)	0.00	0.00	1.19	(1.75)	4.86

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