Tiaa-cref Lifecycle Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Lifecycle Index
TLWIX Fund  USD 19.26  0.02  0.10%   
The current 90-days correlation between Tiaa Cref Lifecycle and Fa 529 Aggressive is 0.85 (i.e., Very poor 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

Very poor diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is 0.84 (i.e., Very 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 gross domestic product.

Moving together with Tiaa-cref Mutual Fund

  0.72TEDNX Tiaa Cref EmergingPairCorr
  0.72TEDHX Tiaa Cref EmergingPairCorr
  0.64TEDVX Tiaa Cref EmergingPairCorr
  0.73TEDPX Tiaa Cref EmergingPairCorr
  0.67TEMLX Tiaa Cref EmergingPairCorr
  0.67TEMHX Tiaa Cref EmergingPairCorr
  0.67TEMVX Tiaa Cref EmergingPairCorr
  0.67TEMSX Tiaa Cref EmergingPairCorr
  0.67TEMPX Tiaa Cref EmergingPairCorr
  0.71TENWX Tiaa Cref EmergingPairCorr
  0.62TEQLX Tiaa Cref EmergingPairCorr
  0.64TEQKX Tiaa Cref EmergingPairCorr
  0.64TEQHX Tiaa Cref EmergingPairCorr
  0.65TEQSX Tiaa Cref EmergingPairCorr
  0.71TEQPX Tiaa Cref EmergingPairCorr
  0.85TFITX Tiaa Cref LifecyclePairCorr
  0.85TFIRX Tiaa Cref LifecyclePairCorr
  0.77TFIPX Tiaa Cref LifecyclePairCorr
  0.86TFIHX Tiaa Cref LifecyclePairCorr
  0.66TFTIX Tiaa Cref LifecyclePairCorr
  0.71TFTHX Tiaa Cref LifecyclePairCorr
  0.84THCVX Tiaa-cref Large-capPairCorr
  0.76TIBEX Tiaa Cref IntlPairCorr
  0.78TIBNX Tiaa Cref IntlPairCorr
  0.76TIBLX 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   
FLAKQX
+ 0.73
FFCGX
FBJYGX
+ 0.73
FSULTX
FUHKBX
+ 0.51
FFCGX
FLAKQX
+ 0.24
FUHKBX
FLAKQX
+ 0.21
FSULTX
FLAKQX
+ 0.2
FBJYGX
  
High negative correlations   
FUHKBX
- 0.57
FBJYGX
FUHKBX
- 0.54
FSULTX
FSULTX
- 0.01
FFCGX

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.

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