Tiaa-cref Lifecycle Correlations

TLVPX Fund  USD 21.69  0.10  0.46%   
The current 90-days correlation between Tiaa Cref Lifecycle and Principal Lifetime Hybrid is 0.99 (i.e., No risk reduction). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Poor diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle 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 Lifecycle 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 american community survey.

Moving together with Tiaa-cref Mutual Fund

  0.67TEDNX Tiaa Cref EmergingPairCorr
  0.68TEDLX Tiaa Cref EmergingPairCorr
  0.68TEDHX Tiaa Cref EmergingPairCorr
  0.62TEDVX Tiaa Cref EmergingPairCorr
  0.63TEDTX Tiaa Cref EmergingPairCorr
  0.69TEDPX Tiaa Cref EmergingPairCorr
  0.64TEMLX Tiaa Cref Emerging Potential GrowthPairCorr
  0.64TEMHX Tiaa Cref Emerging Potential GrowthPairCorr
  0.64TEMVX Tiaa Cref EmergingPairCorr
  0.64TEMRX Tiaa Cref Emerging Potential GrowthPairCorr
  0.64TEMSX Tiaa Cref Emerging Potential GrowthPairCorr
  0.64TEMPX Tiaa Cref EmergingPairCorr
  0.67TENWX Tiaa Cref EmergingPairCorr
  0.68TEQLX Tiaa Cref EmergingPairCorr
  0.68TEQKX Tiaa Cref EmergingPairCorr
  0.67TEQHX Tiaa Cref EmergingPairCorr
  0.67TEQSX Tiaa Cref EmergingPairCorr
  0.68TEQPX Tiaa Cref EmergingPairCorr
  0.9TFITX Tiaa Cref LifecyclePairCorr
  0.9TFIRX Tiaa Cref LifecyclePairCorr
  0.9TFIPX Tiaa Cref LifecyclePairCorr
  0.91TFIHX Tiaa Cref LifecyclePairCorr
  0.78TFTIX Tiaa Cref LifecyclePairCorr
  0.78TFTHX Tiaa Cref LifecyclePairCorr
  0.89THCVX Tiaa-cref Large-capPairCorr
  0.75TIBEX Tiaa Cref IntlPairCorr
  0.72TIBNX Tiaa Cref IntlPairCorr
  0.71TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
LIGFXPHTTX
DLTZXQDARX
ACDOXDLTZX
DLTZXPGBAX
ACDOXPGBAX
PGBAXQDARX
  
High negative correlations   
ACDOXSRDAX
DLTZXSRDAX
PGBAXSRDAX
SRDAXQDARX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Lifecycle 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 Lifecycle'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.