Tiaa-cref Equity Correlations

TINRX Fund

USD 41.02 0.51 1.23%

The current 90-days correlation between Tiaa Cref Equity and Pnc Balanced Allocation is 0.95 (i.e., Almost no diversification). The correlation of Tiaa-cref Equity 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 Equity Correlation With Market

Good diversification

The correlation between Tiaa Cref Equity Index 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 Equity Index 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 Equity Index. 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

1.0	TEIHX	Tiaa Cref Equity	Pair Corr
0.61	TEMLX	Tiaa Cref Emerging	Pair Corr
0.61	TEMSX	Tiaa Cref Emerging	Pair Corr
0.61	TEMPX	Tiaa Cref Emerging	Pair Corr
0.84	TEQWX	Tiaa Cref Equity	Pair Corr
0.79	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.79	TFIRX	Tiaa Cref Lifecycle Potential Growth	Pair Corr
0.79	TFIPX	Tiaa Cref Lifecycle Potential Growth	Pair Corr
0.78	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.83	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.9	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.61	TGIHX	Tiaa Cref Growth	Pair Corr
0.72	THCVX	Tiaa-cref Large-cap	Pair Corr

Related Correlations Analysis

	PBLIX	WMFFX	TACLX	CMACX	GGRYX	GABFX
PBLIX		0.9	0.84	0.93	0.91	0.6	PBLIX
WMFFX	0.9		0.86	0.94	0.78	0.69	WMFFX
TACLX	0.84	0.86		0.86	0.79	0.8	TACLX
CMACX	0.93	0.94	0.86		0.82	0.75	CMACX
GGRYX	0.91	0.78	0.79	0.82		0.5	GGRYX
GABFX	0.6	0.69	0.8	0.75	0.5		GABFX
	PBLIX	WMFFX	TACLX	CMACX	GGRYX	GABFX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Equity 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 Equity'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
PBLIX	0.53	(0.03)	0.00	0.21	0.00	0.00	0.92	(1.24)	3.22
WMFFX	0.64	(0.06)	0.00	0.23	0.00	0.00	1.21	(1.25)	5.83
TACLX	0.56	(0.05)	0.00	0.89	0.00	0.00	1.10	(1.14)	3.38
CMACX	0.40	(0.03)	0.00	0.19	0.00	0.00	0.82	(0.91)	2.68
GGRYX	0.43	0.01	0.00	(0.07)	0.00	0.00	0.71	(0.91)	2.78
GABFX	0.82	0.04	0.17	(0.27)	0.83	(0.98)	1.89	(1.36)	4.85

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Tiaa-cref Equity Correlations

Tiaa-cref Equity Correlation With Market

Good diversification

Moving together with Tiaa-cref Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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