Tiaa-cref Large-cap Correlations

TILRX Fund

USD 26.45 0.53 2.04%

The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Large Cap Growth is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Tiaa Cref Large Cap Growth and DJI is -0.13 (i.e., Good 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

0.68	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.84	TICHX	Tiaa Cref Social	Pair Corr
0.9	TIEIX	Tiaa Cref Equity	Pair Corr
0.93	TIIRX	Tiaa Cref Growth	Pair Corr
0.95	TILPX	Tiaa-cref Large-cap	Pair Corr
0.95	TILWX	Tiaa-cref Large-cap	Pair Corr
0.95	TILHX	Tiaa-cref Large-cap	Pair Corr
0.95	TILIX	Tiaa Cref Large	Pair Corr
0.95	TILGX	Tiaa Cref Large	Pair Corr
0.91	TINRX	Tiaa Cref Equity	Pair Corr
0.79	TIMVX	Tiaa-cref Mid-cap	Pair Corr
0.91	TISEX	Tiaa-cref Small-cap	Pair Corr
0.69	TLFRX	Tiaa Cref Lifecycle	Pair Corr
0.92	TRBIX	Tiaa-cref Small-cap	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.7	TIIHX	Tiaa Cref Inflation	Pair Corr
0.7	TIILX	Tiaa-cref Inflation-linked	Pair Corr
0.7	TIIWX	Tiaa Cref Inflation	Pair Corr
0.67	TIBDX	Tiaa Cref Bond	Pair Corr
0.59	TEDVX	Tiaa Cref Emerging	Pair Corr
0.58	TEDTX	Tiaa Cref Emerging	Pair Corr
0.58	TIISX	Tiaa Cref Intl	Pair Corr
0.56	TEDLX	Tiaa Cref Emerging	Pair Corr
0.55	TIIEX	Tiaa Cref International	Pair Corr
0.54	TIERX	Tiaa Cref International	Pair Corr
0.78	TRSHX	Tiaa-cref Short-term	Pair Corr
0.62	TRIEX	Tiaa Cref International	Pair Corr
0.62	TRIPX	Tiaa Cref International	Pair Corr
0.62	TSDDX	Touchstone Funds	Pair Corr
0.58	TPISX	Tiaa Cref Intl	Pair Corr

Related Correlations Analysis

	TRIRX	TRGMX	TRGIX	TRLCX	TIQRX
TRIRX		0.88	0.98	0.35	0.82	TRIRX
TRGMX	0.88		0.92	0.32	0.87	TRGMX
TRGIX	0.98	0.92		0.48	0.88	TRGIX
TRLCX	0.35	0.32	0.48		0.61	TRLCX
TIQRX	0.82	0.87	0.88	0.61		TIQRX
	TRIRX	TRGMX	TRGIX	TRLCX	TIQRX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRIRX	1.10	(0.15)	0.00	0.62	0.00	0.00	2.22	(2.74)	6.37
TRGMX	1.17	(0.15)	0.00	(0.12)	0.00	0.00	1.84	(2.85)	6.40
TRGIX	0.86	(0.12)	0.00	0.72	0.00	0.00	1.55	(2.04)	5.16
TRLCX	0.68	0.01	0.01	(0.07)	0.86	(0.72)	1.28	(1.49)	3.56
TIQRX	0.81	(0.08)	0.00	(0.08)	0.00	0.00	1.54	(1.83)	4.60

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