Tiaa-cref Large-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Value
TCLCX Fund  USD 22.58  0.17  0.76%   
The current 90-days correlation between Tiaa-cref Large-cap and Tiaa Cref Mid Cap Value is 0.95 (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 -0.16 (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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tiaa Cref Large Cap Value. 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 main economic indicators.

Moving together with Tiaa-cref Mutual Fund

  0.98TFTIX Tiaa Cref LifecyclePairCorr
  0.99TFTHX Tiaa Cref LifecyclePairCorr
  0.97TGIWX Tiaa Cref GrowthPairCorr
  0.72TIDPX Tiaa Cref BondPairCorr
  0.95TIERX Tiaa Cref InternationalPairCorr
  0.98TIHHX Tiaa Cref HighPairCorr
  0.7TIIHX Tiaa Cref InflationPairCorr
  0.95TIIEX Tiaa Cref InternationalPairCorr
  0.69TIILX Tiaa-cref Inflation-linkedPairCorr
  0.97TILRX Tiaa Cref LargePairCorr
  0.97TILPX Tiaa Cref LargePairCorr
  1.0TILVX Tiaa Cref LargePairCorr
  0.99TIMIX Tiaa Cref ManagedPairCorr
  0.69TIKPX Tiaa-cref Inflation-linkedPairCorr
  0.67TIKRX Tiaa-cref Inflation-linkedPairCorr
  0.98TILHX Tiaa-cref Large-capPairCorr
  0.95TIOHX Tiaa Cref InternationalPairCorr
  0.95TIOIX Tiaa Cref InternationalPairCorr
  0.97TISEX Tiaa-cref Small-capPairCorr
  0.97TISBX Tiaa-cref Small-capPairCorr
  0.99TISCX Tiaa Cref SocialPairCorr
  0.7TIREX Tiaa Cref RealPairCorr
  0.98TIRTX Tiaa Cref LargePairCorr
  0.83TITIX Tiaa Cref TaxPairCorr
  0.99TLGRX Tiaa Cref LifecyclePairCorr
  0.97TLSPX Tiaa Cref LifestylePairCorr
  0.99TLSHX Tiaa Cref LifestylePairCorr
  0.97TPILX Tiaa Cref LifecyclePairCorr
  0.98TRCPX Tiaa-cref Large-capPairCorr
  1.0TRCVX Tiaa Cref LargePairCorr
  0.93TREPX Tiaa Cref InternationalPairCorr
  0.92TRIEX Tiaa Cref InternationalPairCorr
  0.97TRGIX Tiaa Cref GrowthPairCorr
  0.99TRHBX Tiaa-cref Small-capPairCorr
  0.98TRIRX Tiaa-cref Large-capPairCorr
  0.98TRLCX Tiaa Cref LargePairCorr
  0.99TRPGX Tiaa Cref GrowthPairCorr
  0.69TRRSX Tiaa Cref RealPairCorr
  0.7TRRPX Tiaa Cref RealPairCorr
  0.99TSIMX Tiaa Cref LifestylePairCorr

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 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.

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