Tiaa Cref Correlations

TIRTX Fund

USD 29.90 0.41 1.39%

The current 90-days correlation between Tiaa Cref Large and Tiaa Cref Large Cap Growth is 0.94 (i.e., Almost no diversification). 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

Very weak diversification

The correlation between Tiaa Cref Large Cap Growth and DJI is 0.55 (i.e., Very 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 estimate.

Moving together with Tiaa Mutual Fund

0.95	TEIHX	Tiaa Cref Equity	Pair Corr
0.89	TEQWX	Tiaa Cref Equity	Pair Corr
0.78	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.78	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.65	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.65	TFTHX	Tiaa Cref Lifecycle	Pair Corr

Moving against Tiaa Mutual Fund

0.62	TEMLX	Tiaa Cref Emerging	Pair Corr
0.62	TEMHX	Tiaa Cref Emerging	Pair Corr
0.62	TEMRX	Tiaa Cref Emerging	Pair Corr
0.62	TEMSX	Tiaa Cref Emerging	Pair Corr
0.62	TEMPX	Tiaa Cref Emerging	Pair Corr
0.58	TEMVX	Tiaa Cref Emerging	Pair Corr
0.55	TEQLX	Tiaa Cref Emerging	Pair Corr
0.55	TEQSX	Tiaa Cref Emerging	Pair Corr
0.54	TEQKX	Tiaa Cref Emerging	Pair Corr
0.54	TEQHX	Tiaa Cref Emerging	Pair Corr
0.54	TEQPX	Tiaa Cref Emerging	Pair Corr
0.51	TESHX	Tiaa Cref Short	Pair Corr
0.5	TGRKX	Tiaa Cref Green	Pair Corr
0.49	TENWX	Tiaa Cref Emerging	Pair Corr
0.46	TEDNX	Tiaa Cref Emerging	Pair Corr
0.46	TEDLX	Tiaa Cref Emerging	Pair Corr
0.46	TEDHX	Tiaa Cref Emerging	Pair Corr
0.46	TEDPX	Tiaa Cref Emerging	Pair Corr
0.44	TEDTX	Tiaa Cref Emerging	Pair Corr
0.34	TEDVX	Tiaa Cref Emerging	Pair Corr
0.69	TIIHX	Tiaa Cref Inflation	Pair Corr
0.68	TIISX	Tiaa Cref Intl	Pair Corr
0.68	TIILX	Tiaa Cref Inflation	Pair Corr
0.66	TIERX	Tiaa Cref International	Pair Corr
0.66	TIIWX	Tiaa Cref Inflation	Pair Corr
0.61	TIEWX	Tiaa Cref International	Pair Corr
0.58	TIEHX	Tiaa Cref International	Pair Corr
0.55	TIBHX	Tiaa Cref Bond	Pair Corr
0.54	TIDRX	Tiaa Cref Bond	Pair Corr

Related Correlations Analysis

	TRIRX	TRGMX	TRGIX	TRLCX	TIQRX
TRIRX		0.95	0.39	0.49	0.98	TRIRX
TRGMX	0.95		0.31	0.49	0.96	TRGMX
TRGIX	0.39	0.31		0.94	0.48	TRGIX
TRLCX	0.49	0.49	0.94		0.62	TRLCX
TIQRX	0.98	0.96	0.48	0.62		TIQRX
	TRIRX	TRGMX	TRGIX	TRLCX	TIQRX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRIRX	0.67	0.10	0.07	0.20	0.83	(0.67)	1.67	(1.53)	5.25
TRGMX	0.72	0.10	0.11	0.17	0.73	(0.77)	1.91	(1.38)	4.93
TRGIX	0.61	(0.10)	0.00	(0.03)	0.00	0.00	1.00	(1.06)	11.67
TRLCX	0.52	(0.09)	0.00	(0.02)	0.00	0.00	1.09	(0.77)	7.45
TIQRX	0.50	0.04	0.04	0.13	0.53	(0.57)	0.98	(0.95)	4.46

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