Tiaa-cref Large-cap Correlations

TILRX Fund  USD 27.03  0.75  2.70%   
The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Large Cap Growth is -0.08 (i.e., Good diversification). The correlation of Tiaa-cref Large-cap 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 Large-cap Correlation With Market

Weak diversification

The correlation between Tiaa Cref Large Cap Growth and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Growth 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 Large Cap Growth. 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

  0.78TEIHX Tiaa Cref EquityPairCorr
  0.8TEQWX Tiaa Cref EquityPairCorr
  0.85TIGRX Tiaa Cref GrowthPairCorr
  0.68TIIRX Tiaa Cref GrowthPairCorr
  0.69TILPX Tiaa-cref Large-capPairCorr
  1.0TILWX Tiaa Cref LargePairCorr

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 Large-cap 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 Large-cap'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.