Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Small Cap Equity
TCSEX Fund  USD 17.26  0.05  0.29%   
The current 90-days correlation between Tiaa Cref Small and Tiaa Cref Emerging Markets is 0.5 (i.e., Very weak diversification). The correlation of Tiaa Cref 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 Correlation With Market

Good diversification

The correlation between Tiaa Cref Small Cap Equity and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Small Cap Equity 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 Small Cap Equity. 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 income.

Moving together with Tiaa Mutual Fund

  0.94TEDNX Tiaa Cref EmergingPairCorr
  0.95TEDLX Tiaa Cref EmergingPairCorr
  0.95TEDHX Tiaa Cref EmergingPairCorr
  0.95TEDVX Tiaa Cref EmergingPairCorr
  0.95TEDTX Tiaa Cref EmergingPairCorr
  0.95TEDPX Tiaa Cref EmergingPairCorr
  0.99TEIHX Tiaa Cref EquityPairCorr
  0.96TEMLX Tiaa Cref EmergingPairCorr
  0.97TEMHX Tiaa Cref EmergingPairCorr
  0.97TEMVX Tiaa Cref EmergingPairCorr
  0.98TEMRX Tiaa Cref EmergingPairCorr
  0.96TEMSX Tiaa Cref EmergingPairCorr
  0.96TEMPX Tiaa Cref EmergingPairCorr
  0.96TENWX Tiaa Cref EmergingPairCorr
  0.96TEQLX Tiaa Cref EmergingPairCorr
  0.97TEQKX Tiaa Cref EmergingPairCorr
  0.97TEQHX Tiaa Cref EmergingPairCorr
  0.98TEQWX Tiaa Cref EquityPairCorr
  0.97TEQSX Tiaa Cref EmergingPairCorr
  0.96TEQPX Tiaa Cref EmergingPairCorr
  0.77TESHX Tiaa Cref ShortPairCorr
  0.98TFITX Tiaa Cref LifecyclePairCorr
  0.98TFIRX Tiaa Cref LifecyclePairCorr
  0.98TFIPX Tiaa Cref LifecyclePairCorr
  0.98TFIHX Tiaa Cref LifecyclePairCorr
  0.98TFTIX Tiaa Cref LifecyclePairCorr
  0.99TFTHX Tiaa Cref LifecyclePairCorr
  0.99TGIHX Tiaa Cref GrowthPairCorr
  0.97TGIWX Tiaa Cref GrowthPairCorr
  0.78TGRKX Tiaa Cref GreenPairCorr
  0.79TGRNX Tiaa Cref GreenPairCorr
  0.79TGROX Tiaa Cref GreenPairCorr
  0.8TGRLX Tiaa Cref GreenPairCorr
  0.76TGRMX Tiaa Cref GreenPairCorr
  0.99THCVX Tiaa Cref LargePairCorr
  0.68TIBDX Tiaa Cref BondPairCorr
  0.82TIBEX Tiaa Cref IntlPairCorr
  0.66TIBFX Tiaa Cref BondPairCorr
  0.82TIBNX Tiaa Cref IntlPairCorr
  0.8TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref 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'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.17  0.09 (0.41)(2.14) 0.00 
(0.26)
 0.48 
(0.24)
 1.07 
TEDLX  0.17  0.09 (0.43)(5.91) 0.00 
(0.26)
 0.48 
(0.24)
 0.96 
TEDHX  0.16  0.09 (0.51)(3.26) 0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.09 (0.44)(2.40) 0.00 
(0.25)
 0.58 
(0.24)
 0.96 
TEDTX  0.17  0.09 (0.45)(2.90) 0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDPX  0.16  0.09 (0.48)(6.70) 0.00 
(0.24)
 0.36 
(0.23)
 1.08 
TEIHX  0.66  0.26  0.07 (2.21) 0.53 
(0.75)
 2.07 
(1.16)
 5.02 
TEMLX  0.55  0.22  0.20  0.67  0.00 
(0.78)
 1.57 
(0.69)
 4.39 
TEMHX  0.58  0.27  0.14 (12.99) 0.12 
(0.78)
 1.57 
(1.07)
 4.39 
TEMVX  0.58  0.27  0.15 (14.51) 0.00 
(0.80)
 1.56 
(1.06)
 4.26 

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