Tiaa-cref Lifestyle Correlations

TSCTX Fund

USD 12.78 0.07 0.54%

The current 90-days correlation between Tiaa Cref Lifestyle and T Rowe Price is 0.74 (i.e., Poor diversification). The correlation of Tiaa-cref Lifestyle 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 Lifestyle Correlation With Market

Poor diversification

The correlation between Tiaa Cref Lifestyle Servative and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifestyle Servative 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 Lifestyle Servative. 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 estimate.

Moving together with Tiaa-cref Mutual Fund

0.94	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.84	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.82	TIBNX	Tiaa Cref Intl	Pair Corr
0.62	TICHX	Tiaa Cref Social	Pair Corr
0.76	TIHPX	Tiaa-cref High-yield	Pair Corr
0.82	TIHYX	Tiaa-cref High-yield	Pair Corr
0.96	TIMIX	Tiaa Cref Managed	Pair Corr
0.94	TIOSX	Tiaa Cref International	Pair Corr
0.94	TIOPX	Tiaa Cref International	Pair Corr
0.82	TIREX	Tiaa Cref Real	Pair Corr
0.7	TIYRX	Tiaa Cref High	Pair Corr

Related Correlations Analysis

	PAEIX	RTIUX	TRWIX	DDCFX	DBLFX	QLENX	PMIEX	LOGRX
PAEIX		1.0	0.99	0.9	0.89	0.94	0.8	-0.08	PAEIX
RTIUX	1.0		0.99	0.88	0.88	0.95	0.82	-0.1	RTIUX
TRWIX	0.99	0.99		0.92	0.91	0.94	0.8	-0.11	TRWIX
DDCFX	0.9	0.88	0.92		1.0	0.85	0.7	-0.12	DDCFX
DBLFX	0.89	0.88	0.91	1.0		0.85	0.71	-0.11	DBLFX
QLENX	0.94	0.95	0.94	0.85	0.85		0.76	-0.13	QLENX
PMIEX	0.8	0.82	0.8	0.7	0.71	0.76		-0.41	PMIEX
LOGRX	-0.08	-0.1	-0.11	-0.12	-0.11	-0.13	-0.41		LOGRX
	PAEIX	RTIUX	TRWIX	DDCFX	DBLFX	QLENX	PMIEX	LOGRX

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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

RTIUX	+ 1.0	PAEIX
DBLFX	+ 1.0	DDCFX
TRWIX	+ 0.99	PAEIX
TRWIX	+ 0.99	RTIUX
QLENX	+ 0.95	RTIUX
QLENX	+ 0.94	PAEIX

High negative correlations

LOGRX	- 0.41	PMIEX
LOGRX	- 0.13	QLENX
LOGRX	- 0.12	DDCFX
LOGRX	- 0.11	DBLFX
LOGRX	- 0.11	TRWIX
LOGRX	- 0.1	RTIUX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Lifestyle 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 Lifestyle'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
PAEIX	0.64	0.14	0.17	0.20	0.68	(0.70)	1.50	(1.22)	4.54
RTIUX	0.58	0.13	0.17	0.21	0.63	(0.64)	1.47	(1.41)	5.02
TRWIX	0.69	0.19	0.18	0.25	0.79	(0.69)	1.99	(1.73)	5.45
DDCFX	0.21	0.02	0.19	(0.54)	0.09	(0.27)	0.54	(0.33)	1.22
DBLFX	0.22	0.02	0.18	(0.46)	0.13	(0.26)	0.54	(0.33)	1.33
QLENX	0.42	0.14	0.27	0.30	0.34	(0.48)	0.81	(0.60)	3.11
PMIEX	0.79	(0.03)	0.00	(0.08)	0.00	0.00	1.56	(1.60)	9.24
LOGRX	0.07	0.00	0.00	0.01	0.00	0.00	0.16	0.00	1.75

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