Tiaa-cref Small-cap Correlations

TRHBX Fund  USD 22.41  0.15  0.66%   
The current 90-days correlation between Tiaa-cref Small-cap and Invesco Diversified Dividend is 0.86 (i.e., Very poor diversification). The correlation of Tiaa-cref Small-cap 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 Small-cap Correlation With Market

Poor diversification

The correlation between Tiaa Cref Small Cap Blend and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Small Cap Blend 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 Small Cap Blend. 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 bureau of labor statistics.

Moving together with Tiaa-cref Mutual Fund

  0.94TEQWX Tiaa Cref EquityPairCorr
  0.73TFTIX Tiaa Cref LifecyclePairCorr
  0.98TGIWX Tiaa Cref GrowthPairCorr
  0.88TICHX Tiaa Cref SocialPairCorr
  0.94TIEIX Tiaa Cref EquityPairCorr
  0.98TIIRX Tiaa Cref GrowthPairCorr

Moving against Tiaa-cref Mutual Fund

  0.7TGRKX Tiaa Cref GreenPairCorr
  0.7TIDPX Tiaa Cref BondPairCorr
  0.69TGRNX Tiaa Cref GreenPairCorr
  0.69TIBDX Tiaa Cref BondPairCorr
  0.69TIBFX Tiaa Cref BondPairCorr
  0.69TIBHX Tiaa Cref BondPairCorr
  0.69TIDRX Tiaa Cref BondPairCorr
  0.63TEDVX Tiaa Cref EmergingPairCorr
  0.62TEDTX Tiaa Cref EmergingPairCorr
  0.58TEDNX Tiaa Cref EmergingPairCorr
  0.58TEDLX Tiaa Cref EmergingPairCorr
  0.58TEDHX Tiaa Cref EmergingPairCorr
  0.57TEDPX Tiaa Cref EmergingPairCorr
  0.54TEMRX Tiaa Cref EmergingPairCorr
  0.5TEMLX Tiaa Cref EmergingPairCorr
  0.5TEMVX Tiaa Cref EmergingPairCorr
  0.49TEMHX Tiaa Cref EmergingPairCorr
  0.48TEQLX Tiaa Cref EmergingPairCorr
  0.48TEQHX Tiaa Cref EmergingPairCorr
  0.47TEQKX Tiaa Cref EmergingPairCorr
  0.47TEQPX Tiaa Cref EmergingPairCorr
  0.71TIKRX Tiaa-cref Inflation-linkedPairCorr
  0.7TIIHX Tiaa Cref InflationPairCorr
  0.7TIILX Tiaa-cref Inflation-linkedPairCorr
  0.7TIIWX Tiaa Cref InflationPairCorr
  0.55TIISX Tiaa Cref IntlPairCorr
  0.53TIEHX Tiaa Cref InternationalPairCorr
  0.53TIERX Tiaa Cref InternationalPairCorr
  0.53TIIEX Tiaa Cref InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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