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.
Tiaa-cref |
Moving together with Tiaa-cref Mutual Fund
| 0.78 | TEIHX | Tiaa Cref Equity | PairCorr |
| 0.8 | TEQWX | Tiaa Cref Equity | PairCorr |
| 0.85 | TIGRX | Tiaa Cref Growth | PairCorr |
| 0.68 | TIIRX | Tiaa Cref Growth | PairCorr |
| 0.69 | TILPX | Tiaa-cref Large-cap | PairCorr |
| 1.0 | TILWX | Tiaa Cref Large | PairCorr |
Related Correlations Analysis
| 0.57 | 0.71 | 0.33 | 0.61 | TRIRX | ||
| 0.57 | 0.62 | 0.31 | 0.78 | TRGMX | ||
| 0.71 | 0.62 | 0.61 | 0.62 | TRGIX | ||
| 0.33 | 0.31 | 0.61 | 0.66 | TRLCX | ||
| 0.61 | 0.78 | 0.62 | 0.66 | 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 | 0.94 | (0.04) | 0.00 | (0.13) | 0.00 | 1.70 | 5.35 | |||
| TRGMX | 0.97 | (0.15) | 0.00 | (0.25) | 0.00 | 1.57 | 5.41 | |||
| TRGIX | 0.87 | (0.16) | 0.00 | (0.26) | 0.00 | 1.15 | 9.31 | |||
| TRLCX | 0.59 | (0.01) | 0.00 | (0.07) | 0.00 | 1.10 | 2.65 | |||
| TIQRX | 0.68 | (0.04) | 0.00 | (0.14) | 0.00 | 1.11 | 3.95 |