Tiaa Cref Correlations

TEMVX Fund

USD 10.00 0.54 5.12%

The current 90-days correlation between Tiaa Cref Emerging and Dimensional Retirement Income is 0.13 (i.e., Average 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 Emerging Markets and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Emerging Markets 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 Emerging Markets. 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 unemployment.

Moving together with Tiaa Mutual Fund

0.67	VEMAX	Vanguard Emerging Markets	Pair Corr
0.77	VEIEX	Vanguard Emerging Markets	Pair Corr
0.78	VEMIX	Vanguard Emerging Markets	Pair Corr
0.78	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	NEWCX	New World Fund	Pair Corr
0.62	NEWFX	New World Fund	Pair Corr
0.86	NWFFX	New World Fund	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.86	FNFWX	American Funds New	Pair Corr
0.76	SPGSX	State Street Premier	Pair Corr
0.76	KF	Korea Closed	Pair Corr
0.68	FAJTX	American Funds 2055	Pair Corr
0.67	TMUUX	Municipal Bond	Pair Corr
0.84	MPEMX	Mondrian Emerging Markets	Pair Corr
0.81	ITRIX	Vy T Rowe	Pair Corr
0.67	TRRMX	T Rowe Price	Pair Corr
0.7	WARRX	Wells Fargo Advantage	Pair Corr
0.77	WFSPX	Blackrock Sp 500	Pair Corr
0.63	FLBDX	Total Return Bond	Pair Corr
0.65	GYIRX	Goldman Sachs High	Pair Corr
0.73	RWIGX	Capital World Growth	Pair Corr
0.68	CHI	Calamos Convertible	Pair Corr
0.61	RLBGX	American Balanced	Pair Corr

Related Correlations Analysis

	TDIFX	JTMIX	MMDAX	PAKJX	QCGLRX	JLMOX	SAMAX
TDIFX		0.95	0.77	0.88	0.91	0.97	0.51	TDIFX
JTMIX	0.95		0.85	0.96	0.95	0.99	0.59	JTMIX
MMDAX	0.77	0.85		0.84	0.79	0.82	0.76	MMDAX
PAKJX	0.88	0.96	0.84		0.96	0.94	0.62	PAKJX
QCGLRX	0.91	0.95	0.79	0.96		0.94	0.53	QCGLRX
JLMOX	0.97	0.99	0.82	0.94	0.94		0.57	JLMOX
SAMAX	0.51	0.59	0.76	0.62	0.53	0.57		SAMAX
	TDIFX	JTMIX	MMDAX	PAKJX	QCGLRX	JLMOX	SAMAX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TDIFX	0.13	(0.01)	(0.35)	0.01	0.10	(0.16)	0.25	(0.25)	0.74
JTMIX	0.25	(0.01)	(0.13)	0.03	0.31	(0.28)	0.54	(0.60)	1.53
MMDAX	0.34	0.03	(0.05)	0.40	0.38	(0.37)	0.87	(0.69)	2.06
PAKJX	0.49	(0.01)	(0.03)	0.05	0.76	(0.47)	1.08	(1.00)	2.98
QCGLRX	0.56	(0.01)	(0.02)	0.06	0.83	(0.55)	1.15	(1.38)	3.56
JLMOX	0.24	(0.01)	(0.15)	0.03	0.27	(0.26)	0.51	(0.43)	1.36
SAMAX	0.56	0.13	0.13	0.39	0.36	(0.65)	1.10	(0.92)	2.57

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Tiaa Cref Correlations

Tiaa Cref Correlation With Market

Good diversification

Moving together with Tiaa Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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