Tiaa Cref Correlations

TRHBX Fund

USD 23.10 0.25 1.09%

The current 90-days correlation between Tiaa Cref Small and Gmo Asset Allocation is 0.39 (i.e., 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

Very weak diversification

The correlation between Tiaa Cref Small Cap Blend and DJI is 0.57 (i.e., Very weak 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 Mutual Fund

0.66	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.65	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.95	TGIHX	Tiaa Cref Growth	Pair Corr
0.94	TGIWX	Tiaa Cref Growth	Pair Corr
0.71	THCVX	Tiaa-cref Large-cap	Pair Corr

Moving against Tiaa Mutual Fund

0.51

TESHX

Tiaa-cref Short-term

Pair Corr

Related Correlations Analysis

	GABFX	DOXGX	DFELX	TAAKX	JAAIX	UPAAX
GABFX		0.49	0.37	0.65	0.22	-0.01	GABFX
DOXGX	0.49		0.69	0.42	0.76	0.48	DOXGX
DFELX	0.37	0.69		0.75	0.57	0.63	DFELX
TAAKX	0.65	0.42	0.75		0.15	0.22	TAAKX
JAAIX	0.22	0.76	0.57	0.15		0.79	JAAIX
UPAAX	-0.01	0.48	0.63	0.22	0.79		UPAAX
	GABFX	DOXGX	DFELX	TAAKX	JAAIX	UPAAX

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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

UPAAX	+ 0.79	JAAIX
JAAIX	+ 0.76	DOXGX
TAAKX	+ 0.75	DFELX
DFELX	+ 0.69	DOXGX
TAAKX	+ 0.65	GABFX
UPAAX	+ 0.63	DFELX

High negative correlations

UPAAX

- 0.01

GABFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GABFX	0.81	0.06	0.09	0.22	0.84	(0.96)	1.89	(1.36)	4.85
DOXGX	0.50	0.04	0.06	0.03	0.72	(0.49)	1.27	(1.04)	3.27
DFELX	0.63	0.01	0.02	(0.01)	0.91	(0.63)	1.21	(1.53)	3.77
TAAKX	0.64	(0.05)	0.00	(0.11)	0.00	0.00	1.01	(1.56)	5.92
JAAIX	0.15	0.01	0.16	(6.30)	0.09	(0.21)	0.31	(0.25)	1.13
UPAAX	1.79	0.07	0.04	(0.20)	2.71	(1.74)	3.05	(4.14)	13.88

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