Teachers Insurance Correlations

QREARX Fund

USD 458.69 0.16 0.03%

The current 90-days correlation between Teachers Insurance And and NewtekOne, 800 percent is 0.01 (i.e., Significant diversification). The correlation of Teachers Insurance 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.

Teachers Insurance Correlation With Market

Good diversification

The correlation between Teachers Insurance And and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teachers Insurance And 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 Teachers Insurance And. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Teachers Fund

0.73

PFHCX

Pacific Funds Small

Pair Corr

Moving against Teachers Fund

0.64	PPRWX	Putnam Panagora Risk	Pair Corr
0.63	PPRPX	Putnam Panagora Risk	Pair Corr
0.62	PPROX	Putnam Panagora Risk	Pair Corr
0.61	NEWTZ	Newtek Business Services	Pair Corr
0.6	NEWTI	NewtekOne, 800 percent	Pair Corr
0.66	PMBAX	Jpmorgan Tax Free	Pair Corr
0.62	FDIGX	Consumer Staples Por	Pair Corr
0.61	LBHIX	Thrivent High Yield	Pair Corr
0.6	NHS	Neuberger Berman High	Pair Corr
0.56	LBARX	Legg Mason Bw	Pair Corr
0.43	RGGHX	American Funds Global	Pair Corr
0.42	BZCCX	Ohio Variable College	Pair Corr
0.71	GABUX	Gabelli Utilities	Pair Corr
0.69	DNP	Dnp Select Income	Pair Corr
0.64	LSIZX	Columbia Strategic Income	Pair Corr
0.63	RBFEX	Bond Fund	Pair Corr
0.62	PAIAX	Pimco Short Asset	Pair Corr
0.61	ESACX	Wells Fargo Adjustable	Pair Corr

Related Correlations Analysis

	NEWTI	NEWTZ	RILYG	ESIIX	RGLFX	AAUTX	FGRIX	NOIEX	HSLSX	CMGIX
NEWTI		0.84	-0.66	0.9	0.7	0.76	0.67	0.73	0.51	0.52	NEWTI
NEWTZ	0.84		-0.72	0.9	0.69	0.76	0.63	0.73	0.42	0.55	NEWTZ
RILYG	-0.66	-0.72		-0.66	-0.51	-0.48	-0.43	-0.55	-0.1	-0.31	RILYG
ESIIX	0.9	0.9	-0.66		0.65	0.7	0.6	0.69	0.38	0.46	ESIIX
RGLFX	0.7	0.69	-0.51	0.65		0.91	0.98	0.93	0.77	0.94	RGLFX
AAUTX	0.76	0.76	-0.48	0.7	0.91		0.92	0.95	0.78	0.87	AAUTX
FGRIX	0.67	0.63	-0.43	0.6	0.98	0.92		0.92	0.85	0.96	FGRIX
NOIEX	0.73	0.73	-0.55	0.69	0.93	0.95	0.92		0.7	0.89	NOIEX
HSLSX	0.51	0.42	-0.1	0.38	0.77	0.78	0.85	0.7		0.84	HSLSX
CMGIX	0.52	0.55	-0.31	0.46	0.94	0.87	0.96	0.89	0.84		CMGIX
	NEWTI	NEWTZ	RILYG	ESIIX	RGLFX	AAUTX	FGRIX	NOIEX	HSLSX	CMGIX

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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

FGRIX	+ 0.98	RGLFX
CMGIX	+ 0.96	FGRIX
NOIEX	+ 0.95	AAUTX
CMGIX	+ 0.94	RGLFX
NOIEX	+ 0.93	RGLFX
FGRIX	+ 0.92	AAUTX

High negative correlations

RILYG	- 0.72	NEWTZ
ESIIX	- 0.66	RILYG
RILYG	- 0.66	NEWTI
NOIEX	- 0.55	RILYG
RGLFX	- 0.51	RILYG
AAUTX	- 0.48	RILYG

Risk-Adjusted Indicators

There is a big difference between Teachers Fund performing well and Teachers Insurance 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 Teachers Insurance'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
NEWTI	0.29	0.03	(0.08)	0.25	0.30	(0.33)	0.84	(0.59)	2.23
NEWTZ	0.17	0.03	(0.21)	1.51	0.00	(0.21)	0.33	(0.29)	2.07
RILYG	4.33	(0.45)	0.00	1.98	0.00	0.00	14.11	(8.68)	39.67
ESIIX	0.16	0.03	(0.21)	0.60	0.00	(0.23)	0.30	(0.30)	0.91
RGLFX	0.66	0.06	(0.03)	(35.53)	0.77	(0.75)	1.28	(1.53)	3.73
AAUTX	0.58	0.01	0.00	0.10	0.70	(0.63)	1.09	(1.16)	3.67
FGRIX	0.65	0.05	(0.03)	0.98	0.85	(0.68)	1.42	(1.70)	3.92
NOIEX	0.71	(0.01)	(0.02)	0.08	0.93	(0.75)	1.48	(1.51)	4.47
HSLSX	1.13	0.09	0.01	0.48	1.38	(1.21)	2.55	(2.46)	6.73
CMGIX	0.98	0.06	(0.01)	0.60	1.43	(0.91)	2.09	(2.75)	6.72

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