Correlation Between Tiaa Cref and Mfs International

Can any of the company-specific risk be diversified away by investing in both Tiaa Cref and Mfs International 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 and Mfs International 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 Mfs International Large, you can compare the effects of market volatilities on Tiaa Cref and Mfs International 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 with a short position of Mfs International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tiaa Cref and Mfs International.

Diversification Opportunities for Tiaa Cref and Mfs International

0.0

Correlation Coefficient

Tiaa Cref  Mfs International

Pay attention - limited upside

The 3 months correlation between Tiaa and Mfs is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifestyle Conservati and Mfs International Large in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mfs International Large and Tiaa Cref 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 Mfs International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mfs International Large has no effect on the direction of Tiaa Cref i.e., Tiaa Cref and Mfs International go up and down completely randomly.

Pair Corralation between Tiaa Cref and Mfs International

If you would invest  1,286  in Tiaa Cref Lifestyle Conservative on May 20, 2025 and sell it today you would earn a total of  59.00  from holding Tiaa Cref Lifestyle Conservative or generate 4.59% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.61%
Values	Daily Returns

Tiaa Cref Lifestyle Conservati  vs.  Mfs International Large

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 19 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical indicators, Tiaa Cref is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Mfs International Large

Risk-Adjusted Performance

Good

Over the last 90 days Mfs International Large has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Mfs International 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 and Mfs International

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

The idea behind Tiaa Cref Lifestyle Conservative and Mfs International Large 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.