Tiaa Cref Correlations

TEQWX Fund

USD 36.87 0.91 2.53%

The current 90-days correlation between Tiaa Cref Equity and Franklin Adjustable Government is -0.06 (i.e., Good 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

Significant diversification

The correlation between Tiaa Cref Equity Index and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Equity Index 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 Equity Index. 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 housing.

Moving together with Tiaa Mutual Fund

0.82	TEIHX	Tiaa Cref Equity	Pair Corr
0.96	TFITX	Tiaa Cref Lifecycle	Pair Corr
0.96	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.96	TFIPX	Tiaa Cref Lifecycle	Pair Corr
0.96	TFIHX	Tiaa Cref Lifecycle	Pair Corr
0.98	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.98	TFTHX	Tiaa Cref Lifecycle	Pair Corr
0.99	TGIHX	Tiaa Cref Growth	Pair Corr
0.99	TGIWX	Tiaa Cref Growth	Pair Corr
0.96	THCVX	Tiaa-cref Large-cap	Pair Corr

Moving against Tiaa Mutual Fund

0.88	TESHX	Tiaa Cref Short	Pair Corr
0.52	TGRNX	Tiaa Cref Green	Pair Corr
0.39	TGRKX	Tiaa Cref Green	Pair Corr
0.72	TIILX	Tiaa-cref Inflation-linked	Pair Corr
0.68	TIIWX	Tiaa Cref Inflation	Pair Corr
0.67	TIIHX	Tiaa Cref Inflation	Pair Corr
0.51	TIBHX	Tiaa Cref Bond	Pair Corr
0.48	TGROX	Tiaa Cref Green	Pair Corr
0.44	TIBDX	Tiaa Cref Bond	Pair Corr
0.42	TIDRX	Tiaa Cref Bond	Pair Corr
0.42	TIDPX	Tiaa Cref Bond	Pair Corr
0.39	TGRMX	Tiaa Cref Green	Pair Corr

Related Correlations Analysis

	FCSCX	DPIGX	JGBZX	CGTCX	SIGVX	USGFX
FCSCX		0.98	0.75	0.83	0.99	0.84	FCSCX
DPIGX	0.98		0.76	0.83	0.98	0.85	DPIGX
JGBZX	0.75	0.76		0.98	0.79	0.97	JGBZX
CGTCX	0.83	0.83	0.98		0.85	1.0	CGTCX
SIGVX	0.99	0.98	0.79	0.85		0.86	SIGVX
USGFX	0.84	0.85	0.97	1.0	0.86		USGFX
	FCSCX	DPIGX	JGBZX	CGTCX	SIGVX	USGFX

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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
FCSCX	0.06	0.01	1.08	3.73	0.00	(0.19)	0.13	(0.13)	0.53
DPIGX	0.10	0.01	1.07	(2.54)	0.00	(0.15)	0.21	(0.11)	0.63
JGBZX	0.26	0.01	0.45	(0.53)	0.27	(0.30)	0.53	(0.42)	1.66
CGTCX	0.30	0.02	0.45	(0.52)	0.27	(0.35)	0.61	(0.51)	1.83
SIGVX	0.06	0.01	1.43	(2.96)	0.00	(0.19)	0.10	(0.10)	0.61
USGFX	0.30	0.03	0.49	(0.72)	0.27	(0.34)	0.67	(0.59)	1.82

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