Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Equity Index
TCEPX Fund  USD 47.40  0.02  0.04%   
The current 90-days correlation between Tiaa Cref Equity and Tiaa Cref Emerging Markets is -0.08 (i.e., Good diversification). The correlation of Tiaa Cref 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 Correlation With Market

Poor diversification

The correlation between Tiaa Cref Equity Index and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Equity 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 Equity 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 inflation.

Moving together with Tiaa Mutual Fund

  0.61TEDVX Tiaa Cref EmergingPairCorr
  1.0TEIHX Tiaa Cref EquityPairCorr
  0.77TEMLX Tiaa Cref EmergingPairCorr
  0.78TEMHX Tiaa Cref EmergingPairCorr
  0.74TEMVX Tiaa Cref EmergingPairCorr
  0.78TEMSX Tiaa Cref EmergingPairCorr
  0.79TEMPX Tiaa Cref EmergingPairCorr
  0.73TENWX Tiaa Cref EmergingPairCorr
  0.75TEQKX Tiaa Cref EmergingPairCorr
  0.74TEQHX Tiaa Cref EmergingPairCorr
  1.0TEQWX Tiaa Cref EquityPairCorr
  0.74TEQSX Tiaa Cref EmergingPairCorr
  0.74TEQPX Tiaa Cref EmergingPairCorr
  0.87TFITX Tiaa Cref LifecyclePairCorr
  0.88TFIRX Tiaa Cref LifecyclePairCorr
  0.87TFIPX Tiaa Cref LifecyclePairCorr
  0.87TFIHX Tiaa Cref LifecyclePairCorr
  0.8THCVX Tiaa Cref LargePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref 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'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.13  0.00 (0.18)(0.15) 0.24 
(0.18)
 0.22 
(0.22)
 1.97 
TEDLX  0.13  0.00 (0.18) 0.00  0.23 
(0.18)
 0.22 
(0.22)
 2.07 
TEDHX  0.13  0.00 (0.17)(0.17) 0.26 
(0.18)
 0.22 
(0.22)
 2.17 
TEDVX  0.14 (0.01)(0.17) 0.03  0.30 
(0.16)
 0.22 
(0.22)
 2.29 
TEDTX  0.13  0.00 (0.18)(0.22) 0.24 
(0.18)
 0.22 
(0.22)
 2.07 
TEDPX  0.13  0.00 (0.17)(0.71) 0.26 
(0.18)
 0.22 
(0.22)
 2.18 
TEIHX  0.63 (0.05)(0.04) 0.02  1.11 
(0.55)
 1.15 
(1.57)
 5.01 
TEMLX  0.80 (0.05)(0.04) 0.02  1.23 
(0.85)
 1.45 
(1.37)
 7.19 
TEMHX  0.81 (0.05)(0.04) 0.02  1.23 
(0.87)
 1.51 
(1.47)
 7.09 
TEMVX  0.81 (0.06)(0.05) 0.01  1.34 
(0.86)
 1.50 
(1.46)
 8.07 

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