Tiaa-cref Large-cap Correlations

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 0.94 (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

Almost no diversification

The correlation between Tiaa Cref Large Cap Value and DJI is 0.9 (i.e., Almost no 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

0.87	VVIAX	Vanguard Value Index	Pair Corr
0.98	AFMFX	American Mutual	Pair Corr
0.86	FFMMX	American Funds American	Pair Corr
0.86	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.87	VIVAX	Vanguard Value Index	Pair Corr
0.85	CPAYX	Columbia Pacific/asia	Pair Corr
0.95	CASAX	Columbia Pacificasia	Pair Corr
0.88	CCCZX	Center St Brookfield	Pair Corr
0.87	CASCX	Columbia Pacificasia	Pair Corr
0.93	MGHRX	Morgan Stanley Insti	Pair Corr
0.93	MSEQX	Growth Portfolio Class	Pair Corr
0.8	MSHLX	Growth Portfolio Class	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.52	MCD	McDonalds	Pair Corr
0.33	WMT	Walmart	Pair Corr

Related Correlations Analysis

	TCMVX	TCMGX	TCSEX	TIERX	TCREX
TCMVX		0.91	0.98	0.9	0.61	TCMVX
TCMGX	0.91		0.95	0.89	0.54	TCMGX
TCSEX	0.98	0.95		0.92	0.59	TCSEX
TIERX	0.9	0.89	0.92		0.56	TIERX
TCREX	0.61	0.54	0.59	0.56		TCREX
	TCMVX	TCMGX	TCSEX	TIERX	TCREX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	0.62	(0.01)	(0.07)	0.22	0.57	(0.70)	1.46	(1.03)	4.95
TCMGX	0.81	0.03	0.00	0.27	0.48	(0.99)	2.03	(1.03)	5.80
TCSEX	0.77	(0.03)	(0.02)	0.21	0.74	(0.88)	1.67	(1.37)	5.65
TIERX	0.62	(0.01)	(0.09)	0.22	0.54	(0.72)	1.36	(1.31)	3.23
TCREX	0.55	(0.07)	(0.17)	0.12	0.72	(0.61)	1.30	(1.24)	4.16

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC