Tiaa-cref Intl Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Intl Small Cap
TLISX Fund  USD 13.11  0.04  0.31%   
The current 90-days correlation between Tiaa Cref Intl and Tiaa Cref Emerging Markets is 0.39 (i.e., Weak diversification). The correlation of Tiaa-cref Intl 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 Intl Correlation With Market

Good diversification

The correlation between Tiaa Cref Intl Small Cap and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Intl Small Cap 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 Intl Small Cap. 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 state.

Moving together with Tiaa-cref Mutual Fund

  0.98TEDNX Tiaa Cref EmergingPairCorr
  0.98TEDLX Tiaa Cref EmergingPairCorr
  0.98TEDHX Tiaa Cref EmergingPairCorr
  0.98TEDVX Tiaa Cref EmergingPairCorr
  0.98TEDTX Tiaa Cref EmergingPairCorr
  0.98TEDPX Tiaa Cref EmergingPairCorr
  0.97TEIHX Tiaa Cref EquityPairCorr
  0.97TEMLX Tiaa Cref EmergingPairCorr
  0.97TEMHX Tiaa Cref EmergingPairCorr
  0.97TEMVX Tiaa Cref EmergingPairCorr
  0.97TEMRX Tiaa Cref EmergingPairCorr
  0.97TEMSX Tiaa Cref EmergingPairCorr
  0.97TEMPX Tiaa Cref EmergingPairCorr
  0.97TENWX Tiaa Cref EmergingPairCorr
  0.97TEQLX Tiaa Cref EmergingPairCorr
  0.97TEQKX Tiaa Cref EmergingPairCorr
  0.97TEQHX Tiaa Cref EmergingPairCorr
  0.96TEQWX Tiaa Cref EquityPairCorr
  0.97TEQSX Tiaa Cref EmergingPairCorr
  0.97TEQPX Tiaa Cref EmergingPairCorr
  0.85TESHX Tiaa Cref ShortPairCorr
  0.97TFITX Tiaa Cref LifecyclePairCorr
  0.97TFIRX Tiaa Cref LifecyclePairCorr
  0.98TFIPX Tiaa Cref LifecyclePairCorr
  0.97TFIHX Tiaa Cref LifecyclePairCorr
  0.97TFTIX Tiaa Cref LifecyclePairCorr
  0.97TFTHX Tiaa Cref LifecyclePairCorr
  0.96TGIHX Tiaa Cref GrowthPairCorr
  0.96TGIWX Tiaa Cref GrowthPairCorr
  0.87TGRKX Tiaa Cref GreenPairCorr
  0.87TGRNX Tiaa Cref GreenPairCorr
  0.86TGROX Tiaa Cref GreenPairCorr
  0.87TGRLX Tiaa Cref GreenPairCorr
  0.85TGRMX Tiaa Cref GreenPairCorr
  0.95THCVX Tiaa Cref LargePairCorr
  0.75TIBDX Tiaa Cref BondPairCorr
  0.92TIBEX Tiaa Cref IntlPairCorr
  0.74TIBFX Tiaa Cref BondPairCorr
  0.92TIBNX Tiaa Cref IntlPairCorr
  0.91TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Intl 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 Intl'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  0.18  0.10 (0.16)(1.91) 0.00 
(0.29)
 0.58 
(0.24)
 1.45 
TEDLX  0.18  0.10 (0.17)(3.16) 0.00 
(0.29)
 0.48 
(0.24)
 1.22 
TEDHX  0.18  0.11 (0.19)(2.29) 0.00 
(0.27)
 0.48 
(0.23)
 1.34 
TEDVX  0.18  0.11 (0.16)(2.09) 0.00 
(0.28)
 0.59 
(0.24)
 1.35 
TEDTX  0.19  0.10 (0.17)(2.35) 0.00 
(0.29)
 0.58 
(0.23)
 1.35 
TEDPX  0.17  0.10 (0.18)(3.31) 0.00 
(0.27)
 0.47 
(0.23)
 1.46 
TEIHX  0.67  0.26  0.12 (2.65) 0.52 
(0.77)
 2.07 
(1.16)
 5.02 
TEMLX  0.56  0.20  0.19  0.56  0.07 
(0.78)
 1.57 
(1.00)
 4.39 
TEMHX  0.59  0.30  0.22 (7.72) 0.00 
(0.80)
 1.60 
(1.07)
 4.39 
TEMVX  0.59  0.30  0.23 (8.26) 0.00 
(0.81)
 1.59 
(1.06)
 4.26 

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