Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Mid Cap Growth
TRGPX Fund  USD 22.65  0.24  1.07%   
The current 90-days correlation between Tiaa Cref Mid and Prudential Health Sciences is 0.55 (i.e., Very weak 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

Poor diversification

The correlation between Tiaa Cref Mid Cap Growth and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Mid 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 Mid 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 american community survey.

Moving together with Tiaa Mutual Fund

  0.97TEIHX Tiaa Cref EquityPairCorr
  0.94TEQWX Tiaa Cref EquityPairCorr
  0.8TFITX Tiaa Cref LifecyclePairCorr
  0.79TFIRX Tiaa Cref LifecyclePairCorr
  0.79TFIPX Tiaa Cref LifecyclePairCorr
  0.79TFIHX Tiaa Cref LifecyclePairCorr
  0.84TFTIX Tiaa Cref LifecyclePairCorr
  0.84TFTHX Tiaa Cref LifecyclePairCorr
  0.66TGIWX Tiaa Cref GrowthPairCorr
  0.83THCVX Tiaa Cref LargePairCorr

Moving against Tiaa Mutual Fund

  0.49TESHX Tiaa Cref ShortPairCorr
  0.46TEMLX Tiaa Cref EmergingPairCorr
  0.46TEMHX Tiaa Cref EmergingPairCorr
  0.46TEMRX Tiaa Cref EmergingPairCorr
  0.46TEMSX Tiaa Cref EmergingPairCorr
  0.46TEMPX Tiaa Cref EmergingPairCorr
  0.44TGRKX Tiaa Cref GreenPairCorr
  0.41TEMVX Tiaa Cref EmergingPairCorr
  0.38TEQLX Tiaa Cref EmergingPairCorr
  0.38TEQKX Tiaa Cref EmergingPairCorr
  0.38TEQHX Tiaa Cref EmergingPairCorr
  0.38TEQSX Tiaa Cref EmergingPairCorr
  0.38TEQPX Tiaa Cref EmergingPairCorr
  0.32TENWX Tiaa Cref EmergingPairCorr
  0.56TIIHX Tiaa Cref InflationPairCorr
  0.55TIILX Tiaa Cref InflationPairCorr
  0.54TIERX Tiaa Cref InternationalPairCorr
  0.54TIISX Tiaa Cref IntlPairCorr
  0.54TIIWX Tiaa Cref InflationPairCorr
  0.51TIBDX Tiaa Cref BondPairCorr
  0.51TIEWX Tiaa Cref InternationalPairCorr
  0.51TIIEX Tiaa Cref InternationalPairCorr
  0.5TIEHX Tiaa Cref InternationalPairCorr

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.

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