Tiaa-cref Equity Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Equity Index
TIEIX Fund  USD 38.77  0.22  0.57%   
The current 90-days correlation between Tiaa Cref Equity and Tiaa Cref International Equity is 0.81 (i.e., Very poor diversification). The correlation of Tiaa-cref Equity 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 Equity Correlation With Market

Very weak diversification

The correlation between Tiaa Cref Equity Index and DJI is 0.58 (i.e., Very weak 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 gross domestic product.

Moving together with Tiaa-cref Mutual Fund

  1.0TEIHX Tiaa Cref EquityPairCorr
  0.64TEMLX Tiaa Cref EmergingPairCorr
  0.64TEMHX Tiaa Cref EmergingPairCorr
  0.62TEMVX Tiaa Cref EmergingPairCorr
  0.64TEMRX Tiaa Cref EmergingPairCorr
  0.64TEMSX Tiaa Cref EmergingPairCorr
  1.0TEQWX Tiaa Cref EquityPairCorr
  0.97TFITX Tiaa Cref LifecyclePairCorr
  0.97TFIRX Tiaa Cref LifecyclePairCorr
  0.97TFIPX Tiaa Cref LifecyclePairCorr
  0.97TFIHX Tiaa Cref LifecyclePairCorr
  0.99TFTIX Tiaa Cref LifecyclePairCorr
  0.99TFTHX Tiaa Cref LifecyclePairCorr
  0.99TGIHX Tiaa Cref GrowthPairCorr
  0.99TGIWX Tiaa Cref GrowthPairCorr
  0.97THCVX Tiaa-cref Large-capPairCorr

Moving against Tiaa-cref Mutual Fund

  0.88TESHX Tiaa Cref ShortPairCorr
  0.39TGRKX Tiaa Cref GreenPairCorr
  0.38TGRMX Tiaa Cref GreenPairCorr
  0.34TGRNX Tiaa Cref GreenPairCorr
  0.36TIBDX Tiaa Cref BondPairCorr
  0.35TIBFX Tiaa Cref BondPairCorr
  0.33TIBHX Tiaa Cref BondPairCorr
  0.33TIDPX Tiaa Cref BondPairCorr
  0.32TIDRX Tiaa Cref BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Equity 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 Equity'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY