Tiaa Cref Correlations

TINRX Fund  USD 40.28  0.01  0.02%   
The current 90-days correlation between Tiaa Cref Equity and Vanguard Total Stock is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Tiaa Cref Equity Index and DJI is 0.74 (i.e., Poor 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 Mutual Fund

  1.0TEIHX Tiaa Cref EquityPairCorr
  1.0TEQWX Tiaa Cref EquityPairCorr
  0.77TFITX Tiaa Cref LifecyclePairCorr
  0.78TFIRX Tiaa Cref LifecyclePairCorr
  0.78TFIPX Tiaa Cref LifecyclePairCorr
  0.76TFIHX Tiaa Cref LifecyclePairCorr
  0.9TFTIX Tiaa Cref LifecyclePairCorr
  0.89TFTHX Tiaa Cref LifecyclePairCorr
  0.99TGIHX Tiaa Cref GrowthPairCorr
  0.99TGIWX Tiaa Cref GrowthPairCorr
  0.67THCVX Tiaa-cref Large-capPairCorr

Moving against Tiaa Mutual Fund

  0.34TEDNX Tiaa Cref EmergingPairCorr
  0.34TEDVX Tiaa Cref EmergingPairCorr
  0.33TEDLX Tiaa Cref EmergingPairCorr
  0.33TEDHX Tiaa Cref EmergingPairCorr
  0.33TEDTX Tiaa Cref EmergingPairCorr
  0.33TEDPX Tiaa Cref EmergingPairCorr
  0.6TESHX Tiaa-cref Short-termPairCorr
  0.49TGRKX Tiaa Cref GreenPairCorr
  0.48TGRNX Tiaa Cref GreenPairCorr
  0.48TGROX Tiaa Cref GreenPairCorr
  0.48TGRLX Tiaa Cref GreenPairCorr
  0.48TGRMX Tiaa Cref GreenPairCorr
  0.49TIDPX Tiaa Cref BondPairCorr
  0.48TIBDX Tiaa Cref BondPairCorr
  0.48TIBFX Tiaa Cref BondPairCorr
  0.48TIBHX Tiaa Cref BondPairCorr
  0.48TIDRX Tiaa Cref BondPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.82 (0.05) 0.00 (0.13) 0.00 
 1.32 
 4.60 
VFIAX  0.81 (0.04) 0.00 (0.12) 0.00 
 1.27 
 4.52 
VTSMX  0.82 (0.05) 0.00 (0.13) 0.00 
 1.33 
 4.60 
VITSX  0.82 (0.05) 0.00 (0.13) 0.00 
 1.33 
 4.60 
VSMPX  0.82 (0.05) 0.00 (0.13) 0.00 
 1.33 
 4.60 
VSTSX  0.82 (0.05) 0.00 (0.13) 0.00 
 1.32 
 4.60 
VFINX  0.81 (0.04) 0.00 (0.12) 0.00 
 1.27 
 4.52 
VFFSX  0.81 (0.04) 0.00 (0.12) 0.00 
 1.27 
 4.52 
VINIX  0.82 (0.06) 0.00 (0.13) 0.00 
 1.27 
 4.52 
VIIIX  0.82 (0.06) 0.00 (0.13) 0.00 
 1.27 
 4.52