Tiaa-cref Large-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Value
TCLCX Fund  USD 22.50  0.08  0.35%   
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 0.94 (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

  0.98TFTIX Tiaa Cref LifecyclePairCorr
  0.98TFTHX Tiaa Cref LifecyclePairCorr
  0.63TIHWX Tiaa-cref High-yieldPairCorr
  0.87TILGX Tiaa Cref LargePairCorr
  0.99TISPX Tiaa Cref SpPairCorr
  0.98TLFRX Tiaa Cref LifecyclePairCorr
  0.88TLXIX Tiaa Cref LifecyclePairCorr
  0.62TPILX Tiaa Cref LifecyclePairCorr
  0.98TRCIX Tiaa Cref LifecyclePairCorr
  0.9TRIEX Tiaa Cref InternationalPairCorr
  0.98TRGIX Tiaa Cref GrowthPairCorr
  0.88TRLCX Tiaa Cref LargePairCorr
  0.88TRLHX Tiaa Cref LargePairCorr
  0.88TRLIX Tiaa Cref LargePairCorr
  0.87TSDHX Tiaa Cref ShortPairCorr
  0.62TBIWX Tiaa Cref BondPairCorr
  0.67VVIAX Vanguard Value IndexPairCorr
  0.61DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.88VIVAX Vanguard Value IndexPairCorr
  0.71RYMEX Commodities StrategyPairCorr
  0.69RYMJX Commodities StrategyPairCorr
  0.7RYMBX Commodities StrategyPairCorr
  0.84BRUFX Bruce Fund BrucePairCorr
  0.98SPGSX State Street PremierPairCorr
  0.92KF Korea ClosedPairCorr
  0.97GSSUX Goldman Sachs SmallPairCorr

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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