Tiaa Cref Correlations

TRSPX Fund

USD 68.96 0.05 0.07%

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

Poor diversification

The correlation between Tiaa Cref Sp 500 and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Sp 500 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 Sp 500. 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

1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.97	PFN	Pimco Income Strategy	Pair Corr
0.95	CIF	Mfs Intermediate High	Pair Corr
0.89	PCF	Putnam High Income	Pair Corr
0.93	GSCTX	Goldman Sachs Small	Pair Corr
0.68	CVX	Chevron Corp	Pair Corr
0.69	JPM	JPMorgan Chase	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Moving against Tiaa Mutual Fund

0.79	XNBHX	Neuberger Berman Int	Pair Corr
0.73	XDSMX	Dreyfus Strategic	Pair Corr
0.6	XPPRX	Voya Prime Rate	Pair Corr
0.48	XNXJX	Nuveen New Jersey	Pair Corr
0.73	PG	Procter Gamble	Pair Corr
0.38	KO	Coca Cola Sell-off Trend	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.34	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	TFCAX	PGBAX	FHCOX	VDSCX	ELDFX	BICPX	PDNIX
TFCAX		0.63	0.71	0.57	0.55	0.94	0.96	TFCAX
PGBAX	0.63		0.94	0.97	0.97	0.68	0.64	PGBAX
FHCOX	0.71	0.94		0.91	0.92	0.71	0.7	FHCOX
VDSCX	0.57	0.97	0.91		0.97	0.59	0.55	VDSCX
ELDFX	0.55	0.97	0.92	0.97		0.61	0.57	ELDFX
BICPX	0.94	0.68	0.71	0.59	0.61		0.99	BICPX
PDNIX	0.96	0.64	0.7	0.55	0.57	0.99		PDNIX
	TFCAX	PGBAX	FHCOX	VDSCX	ELDFX	BICPX	PDNIX

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
TFCAX	0.02	0.00	0.00	0.70	0.00	0.00	0.10	0.00	0.20
PGBAX	0.12	0.03	(0.36)	1.68	0.00	(0.16)	0.34	(0.25)	0.68
FHCOX	0.05	0.01	0.00	4.94	0.00	0.00	0.10	0.00	0.51
VDSCX	0.58	0.23	0.11	(0.63)	0.40	(0.66)	1.13	(1.09)	5.15
ELDFX	0.28	0.06	(0.02)	0.25	0.00	(0.33)	0.84	(0.42)	2.06
BICPX	0.19	0.04	(0.16)	0.32	0.00	(0.26)	0.44	(0.35)	1.24
PDNIX	0.16	0.04	(0.27)	0.55	0.00	(0.24)	0.42	(0.31)	1.13

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