Tiaa-cref Lifecycle Correlations

TTRIX Fund

USD 19.07 0.06 0.31%

The correlation of Tiaa-cref Lifecycle 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 Lifecycle Correlation With Market

Very good diversification

The correlation between Tiaa Cref Lifecycle 2055 and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle 2055 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 Lifecycle 2055. 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-cref Mutual Fund

1.0	VFFVX	Vanguard Target Reti	Pair Corr
1.0	FAJTX	American Funds 2055	Pair Corr
0.91	AAMTX	American Funds 2055	Pair Corr
1.0	CCJTX	American Funds 2055	Pair Corr
1.0	FTYPX	Fidelity Freedom Index	Pair Corr
1.0	TRJMX	T Rowe Price	Pair Corr
1.0	FDEEX	Fidelity Freedom 2055	Pair Corr
1.0	FCTKX	Fidelity Freedom 2055	Pair Corr
1.0	FDEWX	Fidelity Freedom Index	Pair Corr
0.85	MGHRX	Morgan Stanley Insti	Pair Corr
0.85	MBIRX	Morgan Stanley Insight	Pair Corr
0.96	ONERX	One Rock Fund	Pair Corr
0.89	ADNAX	American Beacon Ark	Pair Corr
0.89	ADNCX	American Beacon Ark	Pair Corr
0.92	CPAYX	Columbia Pacific/asia	Pair Corr
0.99	CASAX	Columbia Pacific/asia	Pair Corr
0.93	JSIGX	Jacob Small Cap	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.68	CVX	Chevron Corp	Pair Corr
0.66	MSFT	Microsoft Sell-off Trend	Pair Corr
0.7	CAT	Caterpillar	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.7	PG	Procter Gamble	Pair Corr
0.55	TRV	The Travelers Companies	Pair Corr
0.39	KO	Coca Cola Aggressive Push	Pair Corr
0.36	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	FDZBPX	IAADX	FBANJX	IPSAX	FLKYPX	FABWX
FDZBPX		0.93	0.97	0.91	0.91	0.94	FDZBPX
IAADX	0.93		0.95	0.86	0.9	0.97	IAADX
FBANJX	0.97	0.95		0.92	0.92	0.98	FBANJX
IPSAX	0.91	0.86	0.92		0.98	0.9	IPSAX
FLKYPX	0.91	0.9	0.92	0.98		0.92	FLKYPX
FABWX	0.94	0.97	0.98	0.9	0.92		FABWX
	FDZBPX	IAADX	FBANJX	IPSAX	FLKYPX	FABWX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Lifecycle 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 Lifecycle'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
FDZBPX	0.29	0.03	(0.10)	0.21	0.29	(0.34)	0.60	(0.61)	1.81
IAADX	0.14	0.06	(0.12)	0.70	0.00	(0.20)	0.33	(0.21)	0.87
FBANJX	0.42	0.03	(0.01)	0.16	0.42	(0.49)	0.80	(0.73)	2.73
IPSAX	0.35	0.07	(0.07)	(0.92)	0.31	(0.42)	0.73	(0.72)	1.92
FLKYPX	0.59	0.19	0.11	(1.07)	0.37	(0.75)	1.48	(0.90)	3.10
FABWX	0.47	0.10	0.10	0.25	0.29	(0.57)	1.23	(0.68)	3.37

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