Tiaa-cref Large-cap Correlations
TCLCX Fund | USD 22.41 0.10 0.45% |
The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Mid Cap Value is 0.94 (i.e., Almost no diversification). The correlation of Tiaa-cref Large-cap 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 Large-cap Correlation With Market
Good diversification
The correlation between Tiaa Cref Large Cap Value and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value and DJI in the same portfolio, assuming nothing else is changed.
Tiaa-cref |
Moving together with Tiaa-cref Mutual Fund
0.98 | TFTIX | Tiaa Cref Lifecycle | PairCorr |
0.97 | TFTHX | Tiaa Cref Lifecycle | PairCorr |
0.98 | TGIWX | Tiaa Cref Growth | PairCorr |
0.69 | TIDPX | Tiaa Cref Bond | PairCorr |
0.95 | TIERX | Tiaa Cref International | PairCorr |
0.98 | TIHHX | Tiaa Cref High | PairCorr |
0.7 | TIIHX | Tiaa Cref Inflation | PairCorr |
0.94 | TIIEX | Tiaa Cref International | PairCorr |
0.68 | TIILX | Tiaa-cref Inflation-linked | PairCorr |
0.97 | TILRX | Tiaa Cref Large | PairCorr |
0.97 | TILPX | Tiaa Cref Large | PairCorr |
0.97 | TILVX | Tiaa Cref Large | PairCorr |
0.97 | TIMIX | Tiaa Cref Managed | PairCorr |
0.7 | TIKPX | Tiaa-cref Inflation-linked | PairCorr |
0.67 | TIKRX | Tiaa-cref Inflation-linked | PairCorr |
0.98 | TILHX | Tiaa-cref Large-cap | PairCorr |
0.95 | TIOHX | Tiaa Cref International | PairCorr |
0.96 | TIOIX | Tiaa Cref International | PairCorr |
0.97 | TISEX | Tiaa-cref Small-cap | PairCorr |
0.97 | TISBX | Tiaa-cref Small-cap | PairCorr |
0.97 | TISCX | Tiaa Cref Social | PairCorr |
0.7 | TIREX | Tiaa Cref Real | PairCorr |
0.98 | TIRTX | Tiaa Cref Large | PairCorr |
0.87 | TITIX | Tiaa Cref Tax | PairCorr |
0.97 | TLGRX | Tiaa Cref Lifecycle | PairCorr |
0.99 | TLSPX | Tiaa Cref Lifestyle | PairCorr |
0.99 | TLSHX | Tiaa Cref Lifestyle | PairCorr |
0.97 | TPILX | Tiaa Cref Lifecycle | PairCorr |
1.0 | TRCPX | Tiaa-cref Large-cap | PairCorr |
0.97 | TRCVX | Tiaa Cref Large | PairCorr |
0.94 | TREPX | Tiaa Cref International | PairCorr |
0.92 | TRIEX | Tiaa Cref International | PairCorr |
0.98 | TRGIX | Tiaa Cref Growth | PairCorr |
0.97 | TRHBX | Tiaa-cref Small-cap | PairCorr |
0.97 | TRIRX | Tiaa-cref Large-cap | PairCorr |
0.98 | TRLCX | Tiaa Cref Large | PairCorr |
0.99 | TRPGX | Tiaa Cref Growth | PairCorr |
0.7 | TRRSX | Tiaa Cref Real | PairCorr |
0.77 | TRRPX | Tiaa Cref Real | PairCorr |
0.97 | TSIMX | Tiaa Cref Lifestyle | PairCorr |
Related Correlations Analysis
0.95 | 0.99 | 0.94 | 0.78 | TCMVX | ||
0.95 | 0.97 | 0.95 | 0.8 | TCMGX | ||
0.99 | 0.97 | 0.96 | 0.79 | TCSEX | ||
0.94 | 0.95 | 0.96 | 0.77 | TIERX | ||
0.78 | 0.8 | 0.79 | 0.77 | TCREX | ||
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Risk-Adjusted Indicators
There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Large-cap 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 Large-cap'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TCMVX | 0.70 | 0.27 | 0.02 | (1.18) | 0.66 | 1.98 | 5.10 | |||
TCMGX | 0.93 | 0.38 | 0.11 | (1.08) | 0.61 | 2.69 | 5.80 | |||
TCSEX | 0.82 | 0.30 | 0.04 | (1.22) | 0.80 | 2.12 | 5.65 | |||
TIERX | 0.61 | 0.22 | (0.01) | (2.68) | 0.50 | 1.38 | 3.29 | |||
TCREX | 0.61 | 0.12 | (0.10) | (1.23) | 0.77 | 1.63 | 4.46 |