Correlation Between Tiaa-cref Funds and Core Fixed

Can any of the company-specific risk be diversified away by investing in both Tiaa-cref Funds and Core Fixed at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Tiaa-cref Funds and Core Fixed into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Tiaa Cref Funds and Core Fixed Income, you can compare the effects of market volatilities on Tiaa-cref Funds and Core Fixed and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Tiaa-cref Funds with a short position of Core Fixed. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tiaa-cref Funds and Core Fixed.

Diversification Opportunities for Tiaa-cref Funds and Core Fixed

0.0

Correlation Coefficient

Tiaa-cref Funds  Core Fixed

Pay attention - limited upside

The 3 months correlation between Tiaa-cref and Core is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Funds and Core Fixed Income in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Core Fixed Income and Tiaa-cref Funds is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Tiaa Cref Funds are associated (or correlated) with Core Fixed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Core Fixed Income has no effect on the direction of Tiaa-cref Funds i.e., Tiaa-cref Funds and Core Fixed go up and down completely randomly.

Pair Corralation between Tiaa-cref Funds and Core Fixed

If you would invest  665.00  in Core Fixed Income on May 15, 2025 and sell it today you would earn a total of  15.00  from holding Core Fixed Income or generate 2.26% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	95.31%
Values	Daily Returns

Tiaa Cref Funds   vs.  Core Fixed Income

Tiaa Cref Funds

Risk-Adjusted Performance

Weakest

Over the last 90 days Tiaa Cref Funds has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Tiaa-cref Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Core Fixed Income

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Core Fixed Income are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Core Fixed is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Tiaa-cref Funds and Core Fixed

The main advantage of trading using opposite Tiaa-cref Funds and Core Fixed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Tiaa-cref Funds position performs unexpectedly, Core Fixed can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Core Fixed will offset losses from the drop in Core Fixed's long position.

The idea behind Tiaa Cref Funds and Core Fixed Income pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.