Tiaa Cref Correlations

TIIHX Fund

USD 10.91 0.02 0.18%

The current 90-days correlation between Tiaa Cref Inflation and Vanguard Energy Index is 0.07 (i.e., Significant 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

Average diversification

The correlation between Tiaa Cref Inflation Link and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Inflation Link 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 Inflation Link. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Tiaa Mutual Fund

0.99	TIILX	Tiaa-cref Inflation-linked	Pair Corr
0.82	TRBFX	T Rowe Price	Pair Corr

Related Correlations Analysis

	VENAX	PSPFX	HNRGX	ALTEX	FRNRX	CAEIX
VENAX		0.1	0.81	-0.16	0.43	0.08	VENAX
PSPFX	0.1		0.49	0.83	0.89	0.81	PSPFX
HNRGX	0.81	0.49		0.22	0.65	0.52	HNRGX
ALTEX	-0.16	0.83	0.22		0.69	0.89	ALTEX
FRNRX	0.43	0.89	0.65	0.69		0.74	FRNRX
CAEIX	0.08	0.81	0.52	0.89	0.74		CAEIX
	VENAX	PSPFX	HNRGX	ALTEX	FRNRX	CAEIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FRNRX	+ 0.89	PSPFX
CAEIX	+ 0.89	ALTEX
ALTEX	+ 0.83	PSPFX
HNRGX	+ 0.81	VENAX
CAEIX	+ 0.81	PSPFX
CAEIX	+ 0.74	FRNRX

High negative correlations

ALTEX

- 0.16

VENAX

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
VENAX	0.88	0.02	0.01	0.07	1.22	(0.82)	1.65	(1.87)	4.81
PSPFX	1.16	0.31	0.18	0.54	1.34	(1.39)	2.91	(2.26)	7.71
HNRGX	0.89	0.07	0.05	0.14	1.20	(0.84)	1.72	(1.58)	5.60
ALTEX	1.74	0.12	0.05	0.09	2.49	(1.63)	3.59	(4.56)	14.57
FRNRX	0.70	0.06	0.04	0.10	1.03	(0.68)	1.49	(1.93)	4.74
CAEIX	0.72	0.03	0.02	0.05	1.03	(0.70)	1.42	(1.83)	4.38

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