Tiaa Cref Correlations

TRIRX Fund

USD 69.64 0.12 0.17%

The current 90-days correlation between Tiaa Cref Large and T Rowe Price is 0.69 (i.e., Poor 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 Large Cap Growth and DJI is 0.58 (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 Large 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 Large 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 metropolitan statistical area.

Moving together with Tiaa Mutual Fund

0.98	TEIHX	Tiaa Cref Equity	Pair Corr
0.98	TEQWX	Tiaa Cref Equity	Pair Corr
0.83	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.85	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.85	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.83	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.81	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.81	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.72	THCVX	Tiaa Cref Large	Pair Corr

Moving against Tiaa Mutual Fund

0.59	TESHX	Tiaa Cref Short	Pair Corr
0.57	TGRKX	Tiaa Cref Green	Pair Corr
0.52	TEMLX	Tiaa Cref Emerging	Pair Corr
0.52	TEMHX	Tiaa Cref Emerging	Pair Corr
0.52	TEMRX	Tiaa Cref Emerging	Pair Corr
0.52	TEMSX	Tiaa Cref Emerging	Pair Corr
0.46	TEMVX	Tiaa Cref Emerging	Pair Corr
0.46	TEMPX	Tiaa Cref Emerging	Pair Corr
0.44	TEQSX	Tiaa Cref Emerging	Pair Corr
0.43	TEQLX	Tiaa Cref Emerging	Pair Corr
0.43	TEQKX	Tiaa Cref Emerging	Pair Corr
0.43	TEQHX	Tiaa Cref Emerging	Pair Corr
0.43	TEQPX	Tiaa Cref Emerging	Pair Corr
0.36	TENWX	Tiaa Cref Emerging	Pair Corr
0.68	TIIHX	Tiaa Cref Inflation	Pair Corr
0.67	TIILX	Tiaa Cref Inflation	Pair Corr
0.66	TIIWX	Tiaa Cref Inflation	Pair Corr
0.62	TIISX	Tiaa Cref Intl	Pair Corr
0.61	TIBDX	Tiaa Cref Bond	Pair Corr
0.61	TIBHX	Tiaa Cref Bond	Pair Corr
0.61	TIDRX	Tiaa Cref Bond	Pair Corr
0.6	TIDPX	Tiaa Cref Bond	Pair Corr
0.6	TIERX	Tiaa Cref International	Pair Corr

Related Correlations Analysis

	TRBCX	FBMPX	URNQX	PRNHX	USCAX	LANIX	TQAAX
TRBCX		0.86	0.9	0.89	0.82	0.91	0.86	TRBCX
FBMPX	0.86		0.95	0.85	0.77	0.91	0.81	FBMPX
URNQX	0.9	0.95		0.89	0.83	0.96	0.86	URNQX
PRNHX	0.89	0.85	0.89		0.96	0.93	0.98	PRNHX
USCAX	0.82	0.77	0.83	0.96		0.91	0.98	USCAX
LANIX	0.91	0.91	0.96	0.93	0.91		0.93	LANIX
TQAAX	0.86	0.81	0.86	0.98	0.98	0.93		TQAAX
	TRBCX	FBMPX	URNQX	PRNHX	USCAX	LANIX	TQAAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRBCX	0.77	(0.03)	(0.02)	0.06	1.85	(0.66)	1.66	(1.50)	11.04
FBMPX	0.78	0.18	0.12	0.39	0.81	(0.82)	1.59	(1.65)	4.09
URNQX	0.68	0.09	0.07	0.21	0.71	(0.73)	1.57	(1.43)	5.14
PRNHX	0.77	0.03	0.04	0.12	0.88	(0.84)	1.80	(1.28)	6.82
USCAX	0.87	(0.01)	0.04	0.08	0.77	(1.03)	2.07	(1.49)	7.45
LANIX	0.44	0.03	(0.01)	0.14	0.33	(0.53)	0.91	(0.82)	3.06
TQAAX	0.77	(0.01)	0.01	0.09	0.78	(0.83)	1.75	(1.30)	6.10

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