Tiaa-cref Lifecycle Correlations

TLWIX Fund  USD 19.37  0.12  0.62%   
The current 90-days correlation between Tiaa Cref Lifecycle and Massmutual Premier Diversified is 0.53 (i.e., Very weak diversification). 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

Weak diversification

The correlation between Tiaa Cref Lifecycle Index 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 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 gross domestic product.

Moving together with Tiaa-cref Mutual Fund

  0.65TEMLX Tiaa Cref EmergingPairCorr
  0.64TEMHX Tiaa Cref EmergingPairCorr
  0.63TEMVX Tiaa Cref EmergingPairCorr
  0.65TEMRX Tiaa Cref EmergingPairCorr
  0.65TEMSX Tiaa Cref EmergingPairCorr
  0.65TEMPX Tiaa Cref EmergingPairCorr
  0.64TEQWX Tiaa Cref EquityPairCorr
  0.88TFTIX Tiaa Cref LifecyclePairCorr
  0.88TFTHX Tiaa Cref LifecyclePairCorr
  0.74TGIHX Tiaa Cref GrowthPairCorr
  0.74TGIWX Tiaa Cref GrowthPairCorr
  0.73TGRKX Tiaa Cref GreenPairCorr
  0.72TGRNX Tiaa Cref GreenPairCorr
  0.76TGROX Tiaa Cref GreenPairCorr
  0.74TGRLX Tiaa Cref GreenPairCorr
  0.75TGRMX Tiaa Cref GreenPairCorr
  0.81THCVX Tiaa-cref Large-capPairCorr
  0.73TIBDX Tiaa Cref BondPairCorr
  0.73TIBFX Tiaa Cref BondPairCorr

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   
MBLAXPRDAX
FZABXMBLAX
HIIDXFZABX
FZABXPRDAX
HIIDXMDBSX
HIIDXMBLAX
  
High negative correlations   
XWDIXSRDAX
SRDAXMBLAX
SRDAXPRDAX
SRDAXFZABX
SRDAXMDBSX
HIIDXSRDAX

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.