Correlation Between Tiaa-cref Lifestyle and Copeland Smid

Can any of the company-specific risk be diversified away by investing in both Tiaa-cref Lifestyle and Copeland Smid 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 Lifestyle and Copeland Smid into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Tiaa Cref Lifestyle Conservative and Copeland Smid Cap, you can compare the effects of market volatilities on Tiaa-cref Lifestyle and Copeland Smid 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 Lifestyle with a short position of Copeland Smid. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tiaa-cref Lifestyle and Copeland Smid.

Diversification Opportunities for Tiaa-cref Lifestyle and Copeland Smid

0.89

Correlation Coefficient

Tiaa-cref Lifestyle  Copeland Smid

Very poor diversification

The 3 months correlation between Tiaa-cref and Copeland is 0.89. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifestyle Conservati and Copeland Smid Cap in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Copeland Smid Cap and Tiaa-cref Lifestyle 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 Lifestyle Conservative are associated (or correlated) with Copeland Smid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Copeland Smid Cap has no effect on the direction of Tiaa-cref Lifestyle i.e., Tiaa-cref Lifestyle and Copeland Smid go up and down completely randomly.

Pair Corralation between Tiaa-cref Lifestyle and Copeland Smid

Assuming the 90 days horizon Tiaa-cref Lifestyle is expected to generate 1.56 times less return on investment than Copeland Smid. But when comparing it to its historical volatility, Tiaa Cref Lifestyle Conservative is 3.36 times less risky than Copeland Smid. It trades about 0.27 of its potential returns per unit of risk. Copeland Smid Cap is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  1,497  in Copeland Smid Cap on May 27, 2025 and sell it today you would earn a total of  114.00  from holding Copeland Smid Cap or generate 7.62% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	100.0%
Values	Daily Returns

Tiaa Cref Lifestyle Conservati  vs.  Copeland Smid Cap

Tiaa Cref Lifestyle

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Tiaa Cref Lifestyle Conservative are ranked lower than 21 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical indicators, Tiaa-cref Lifestyle is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Copeland Smid Cap

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Copeland Smid Cap are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Copeland Smid may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Tiaa-cref Lifestyle and Copeland Smid

The main advantage of trading using opposite Tiaa-cref Lifestyle and Copeland Smid positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Tiaa-cref Lifestyle position performs unexpectedly, Copeland Smid 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 Copeland Smid will offset losses from the drop in Copeland Smid's long position.

The idea behind Tiaa Cref Lifestyle Conservative and Copeland Smid Cap 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.