Tiaa-cref Lifecycle Correlations

TTIHX Fund  USD 25.99  0.04  0.15%   
The current 90-days correlation between Tiaa Cref Lifecycle and Cb Large Cap is 0.59 (i.e., Very weak diversification). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Good diversification

The correlation between Tiaa Cref Lifecycle Index and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle Index 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 Lifecycle Index. 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 rate.

Moving together with Tiaa-cref Mutual Fund

  0.75TEIHX Tiaa Cref EquityPairCorr
  0.75TEQWX Tiaa Cref EquityPairCorr
  1.0TFITX Tiaa Cref LifecyclePairCorr
  1.0TFIRX Tiaa Cref LifecyclePairCorr
  1.0TFIPX Tiaa Cref LifecyclePairCorr
  1.0TFIHX Tiaa Cref LifecyclePairCorr
  0.96TFTIX Tiaa Cref LifecyclePairCorr
  0.96TFTHX Tiaa Cref LifecyclePairCorr
  0.64TGIHX Tiaa Cref GrowthPairCorr
  0.64TGIWX Tiaa Cref GrowthPairCorr
  0.93THCVX Tiaa-cref Large-capPairCorr
  0.71TIBEX Tiaa Cref IntlPairCorr
  0.66TIBNX Tiaa Cref IntlPairCorr
  0.67TIBLX Tiaa Cref IntlPairCorr

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 Lifecycle 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 Lifecycle'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.