Tiaa-cref Large-cap Correlations
The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Mid Cap Value is 0.06 (i.e., Significant diversification). The correlation of Tiaa-cref Large-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 Large-cap Correlation With Market
Almost no diversification
The correlation between Tiaa Cref Large Cap Value and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value and DJI in the same portfolio, assuming nothing else is changed.
Tiaa-cref |
Moving together with Tiaa-cref Mutual Fund
| 0.62 | TEQWX | Tiaa Cref Equity | PairCorr |
| 0.69 | TIBNX | Tiaa Cref Intl | PairCorr |
| 0.66 | TIEIX | Tiaa Cref Equity | PairCorr |
| 0.75 | TIHYX | Tiaa-cref High-yield | PairCorr |
| 0.85 | TIMIX | Tiaa Cref Managed | PairCorr |
| 0.66 | TIMVX | Tiaa-cref Mid-cap | PairCorr |
| 0.8 | TIOSX | Tiaa Cref International | PairCorr |
| 0.8 | TIOPX | Tiaa Cref International | PairCorr |
| 0.61 | TIREX | Tiaa Cref Real | PairCorr |
| 0.7 | TIYRX | Tiaa Cref High | PairCorr |
| 0.72 | TLGRX | Tiaa Cref Lifecycle | PairCorr |
| 0.72 | TLFIX | Tiaa Cref Lifecycle | PairCorr |
| 0.81 | TLFRX | Tiaa Cref Lifecycle | PairCorr |
| 0.72 | TLIHX | Tiaa Cref Lifecycle | PairCorr |
| 0.72 | TLIPX | Tiaa Cref Lifecycle | PairCorr |
| 0.8 | TLHHX | Tiaa Cref Lifecycle | PairCorr |
| 0.81 | TLHRX | Tiaa Cref Lifecycle | PairCorr |
| 0.83 | TLPRX | Tiaa Cref Lifecycle | PairCorr |
| 0.77 | TLQHX | Tiaa Cref Lifecycle | PairCorr |
| 0.68 | TLTPX | Tiaa Cref Lifecycle | PairCorr |
| 0.84 | TLSHX | Tiaa Cref Lifestyle | PairCorr |
| 0.75 | TLWIX | Tiaa Cref Lifecycle | PairCorr |
| 0.93 | TPILX | Tiaa Cref Lifecycle | PairCorr |
| 0.72 | TRCIX | Tiaa Cref Lifecycle | PairCorr |
Related Correlations Analysis
| -0.24 | 0.79 | 0.87 | 0.32 | TRVRX | ||
| -0.24 | -0.4 | -0.45 | 0.54 | TRERX | ||
| 0.79 | -0.4 | 0.88 | 0.02 | TRGMX | ||
| 0.87 | -0.45 | 0.88 | 0.11 | TRSEX | ||
| 0.32 | 0.54 | 0.02 | 0.11 | TRRSX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Large-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 Large-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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRVRX | 0.78 | (0.07) | 0.00 | (3.94) | 0.00 | 1.42 | 3.59 | |||
| TRERX | 0.73 | 0.10 | 0.10 | (0.42) | 0.92 | 1.70 | 5.86 | |||
| TRGMX | 1.18 | (0.16) | 0.00 | (0.14) | 0.00 | 1.84 | 6.40 | |||
| TRSEX | 1.04 | (0.14) | 0.00 | 1.05 | 0.00 | 2.04 | 5.47 | |||
| TRRSX | 0.87 | 0.00 | 0.00 | (0.01) | 1.16 | 1.72 | 4.87 |