College Retirement Correlations

QCGLIX Fund

USD 422.00 0.47 0.11%

The correlation of College Retirement 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.

College Retirement Correlation With Market

Significant diversification

The correlation between College Retirement Equities and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding College Retirement Equities and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in College Retirement Equities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with College Fund

0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.95	MTCAX	Mfs Technology	Pair Corr
0.64	LMLSX	Clearbridge Large Cap	Pair Corr
0.75	GSZIX	Goldman Sachs Strategic	Pair Corr
0.79	ABYCX	Abbey Capital Futures	Pair Corr
0.79	PFJAX	Putnam High Yield	Pair Corr
0.88	IEMSX	Abs Insights Emerging	Pair Corr
0.86	VTPSX	Vanguard Total Inter	Pair Corr
0.79	CAYCX	California High Yield	Pair Corr
0.91	BRKCX	Mfs Blended Research	Pair Corr
0.84	PGKRX	Pgim Jennison Technology	Pair Corr
0.81	JNGTX	Janus Global Technology	Pair Corr
0.87	FFFGX	Fidelity Freedom 2045	Pair Corr
0.76	NUSAX	Nationwide Government	Pair Corr
0.8	BTBFX	Boston Trust Asset	Pair Corr
0.76	HYMCX	Lord Abbett High	Pair Corr
0.76	AREVX	One Choice 2055	Pair Corr
0.91	TRGOX	T Rowe Price	Pair Corr
0.7	ASCGX	Lebenthal Lisanti Small	Pair Corr
0.99	BSPGX	Ishares Sp 500	Pair Corr
0.81	FIJBX	Fidelity California	Pair Corr
0.81	JILGX	Multimanager Lifestyle	Pair Corr
0.98	NCBGX	New Enant Balanced	Pair Corr
0.84	FCSRX	Fidelity Strategic Real	Pair Corr
0.61	LHCTX	Lord Abbett Health	Pair Corr
0.63	EVT	Eaton Vance Tax	Pair Corr
0.75	OHYFX	Jpmorgan High Yield	Pair Corr

Related Correlations Analysis

	ELMXX	AEYXX	MODXX	ICAXX	FMFXX	FMVUX
ELMXX		0.0	0.0	0.0	0.0	0.0	ELMXX
AEYXX	0.0		0.0	0.0	0.0	0.0	AEYXX
MODXX	0.0	0.0		0.0	0.0	0.0	MODXX
ICAXX	0.0	0.0	0.0		0.0	0.0	ICAXX
FMFXX	0.0	0.0	0.0	0.0		0.0	FMFXX
FMVUX	0.0	0.0	0.0	0.0	0.0		FMVUX
	ELMXX	AEYXX	MODXX	ICAXX	FMFXX	FMVUX

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

AEYXX	+ 0.0	ELMXX
MODXX	+ 0.0	ELMXX
ICAXX	+ 0.0	ELMXX
FMFXX	+ 0.0	ELMXX
FMVUX	+ 0.0	ELMXX
MODXX	+ 0.0	AEYXX

High negative correlations

FMVUX	- 0.0	FMFXX
FMVUX	- 0.0	ICAXX
FMFXX	- 0.0	ICAXX
FMVUX	- 0.0	MODXX
FMFXX	- 0.0	MODXX
ICAXX	- 0.0	MODXX

Risk-Adjusted Indicators

There is a big difference between College Fund performing well and College Retirement 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 College Retirement'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
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMVUX	0.63	(0.03)	(0.02)	0.04	0.82	(0.63)	1.52	(1.35)	4.41

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