Tiaa-cref Lifecycle Correlations

TCLPX Fund

USD 16.01 0.03 0.19%

The current 90-days correlation between Tiaa Cref Lifecycle and The National Tax Free is 0.05 (i.e., Significant diversification). The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Good diversification

The correlation between Tiaa Cref Lifecycle 2050 and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle 2050 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 Lifecycle 2050. 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 american community survey.

Moving together with Tiaa-cref Mutual Fund

1.0	VFIFX	Vanguard Target Reti	Pair Corr
0.88	AALTX	American Funds 2050	Pair Corr
0.88	CCITX	American Funds 2050	Pair Corr
1.0	FAITX	American Funds 2050	Pair Corr
1.0	FFFHX	Fidelity Freedom 2050	Pair Corr
1.0	FZTKX	Fidelity Freedom 2050	Pair Corr
1.0	FRLPX	Fidelity Freedom Index	Pair Corr
1.0	TRJLX	T Rowe Price	Pair Corr
1.0	FIPFX	Fidelity Freedom Index	Pair Corr
0.94	PHK	Pimco High Income	Pair Corr
0.98	UIVMX	Mfs Intrinsic Value	Pair Corr
1.0	JNRFX	Janus Research	Pair Corr
0.66	WATPX	Western Asset Inflation	Pair Corr
0.84	MAUKX	Pioneer Multi Asset	Pair Corr
0.75	HHMIX	The Hartford Municipal	Pair Corr
0.87	CVLOX	Calamos Global Growth	Pair Corr
0.81	ARSVX	Amg River Road	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.62	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.58	MCD	McDonalds	Pair Corr
0.4	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	CFNLX	ECDAX	OWCAX	BXHCX	AAEZX
CFNLX		0.85	0.93	0.92	0.89	CFNLX
ECDAX	0.85		0.87	0.89	0.92	ECDAX
OWCAX	0.93	0.87		0.97	0.95	OWCAX
BXHCX	0.92	0.89	0.97		0.96	BXHCX
AAEZX	0.89	0.92	0.95	0.96		AAEZX
	CFNLX	ECDAX	OWCAX	BXHCX	AAEZX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Lifecycle 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 Lifecycle'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CFNLX	0.11	0.02	(1.42)	1.85	(0.15)	0.28	(0.22)	0.82
ECDAX	0.14	0.02	(0.92)	(3.39)	(0.26)	0.37	(0.18)	0.92
OWCAX	0.08	0.02	(1.28)	10.33	(0.12)	0.21	(0.11)	0.53
BXHCX	0.15	0.07	(0.77)	(3.79)	(0.24)	0.50	(0.13)	1.02
AAEZX	0.22	0.02	(0.43)	0.33	(0.30)	0.61	(0.39)	1.83

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