Tiaa-cref Inflation-linked Correlations

TCILX Fund

USD 10.52 0.02 0.19%

The current 90-days correlation between Tiaa-cref Inflation-linked and Transamerica Financial Life is -0.02 (i.e., Good diversification). The correlation of Tiaa-cref Inflation-linked 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 Inflation-linked Correlation With Market

Very weak diversification

The correlation between Tiaa Cref Inflation Linked Bon and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Inflation Linked Bon 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 Inflation Linked Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Tiaa-cref Mutual Fund

0.67	TEMRX	Tiaa Cref Emerging	Pair Corr
0.67	TEQLX	Tiaa Cref Emerging	Pair Corr
0.7	FREAX	Nuveen Real Estate	Pair Corr
0.72	FREGX	Nuveen Real Estate	Pair Corr
0.62	NPSRX	Nuveen Preferred Sec	Pair Corr
0.78	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.69	FRLCX	Nuveen Real Estate	Pair Corr
0.77	FAARX	Nuveen All American	Pair Corr
0.76	FAAWX	Nuveen All American	Pair Corr
0.75	FACCX	Nuveen All American	Pair Corr
0.76	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.75	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.74	FAFNX	Nuveen Michigan Municipal	Pair Corr
0.67	NQGCX	Nuveen Nwq Global	Pair Corr
0.78	FAFMX	Nuveen Ohio Municipal	Pair Corr
0.73	FAFLX	Nuveen Louisiana Mun	Pair Corr
0.77	FAFKX	Nuveen Orado Municipal	Pair Corr
0.67	NQGAX	Nuveen Nwq Global	Pair Corr
0.74	FAFJX	Nuveen Limited Term	Pair Corr
0.68	NQGIX	Nuveen Nwq Global	Pair Corr
0.7	FAMAX	Nuveen Minnesota Int	Pair Corr
0.72	FAMTX	Nuveen Minnesota Int	Pair Corr
0.72	FARCX	Nuveen Real Estate	Pair Corr

Related Correlations Analysis

	VFAIX	XFINX	FNPIX	FTIXX	PUFCX	RPFGX	IAAEX
VFAIX		0.5	0.97	0.0	0.71	0.8	0.52	VFAIX
XFINX	0.5		0.48	0.0	0.19	0.41	0.1	XFINX
FNPIX	0.97	0.48		0.0	0.56	0.67	0.33	FNPIX
FTIXX	0.0	0.0	0.0		0.0	0.0	0.0	FTIXX
PUFCX	0.71	0.19	0.56	0.0		0.93	0.96	PUFCX
RPFGX	0.8	0.41	0.67	0.0	0.93		0.86	RPFGX
IAAEX	0.52	0.1	0.33	0.0	0.96	0.86		IAAEX
	VFAIX	XFINX	FNPIX	FTIXX	PUFCX	RPFGX	IAAEX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FNPIX	+ 0.97	VFAIX
IAAEX	+ 0.96	PUFCX
RPFGX	+ 0.93	PUFCX
IAAEX	+ 0.86	RPFGX
RPFGX	+ 0.8	VFAIX
PUFCX	+ 0.71	VFAIX

High negative correlations

IAAEX	- 0.0	FTIXX
RPFGX	- 0.0	FTIXX
PUFCX	- 0.0	FTIXX
FTIXX	- 0.0	FNPIX
FTIXX	- 0.0	XFINX
FTIXX	- 0.0	VFAIX

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Inflation-linked 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 Inflation-linked'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
VFAIX	0.76	(0.09)	0.00	(0.02)	0.00	0.00	1.39	(1.77)	4.39
XFINX	0.13	(0.01)	(0.14)	(0.04)	0.28	(0.13)	0.22	(0.43)	1.29
FNPIX	1.13	(0.16)	0.00	(0.05)	0.00	0.00	1.90	(2.76)	6.55
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUFCX	1.03	0.20	0.13	1.68	0.85	(1.26)	1.89	(1.82)	15.11
RPFGX	0.75	0.11	0.05	1.06	0.88	(0.77)	1.71	(1.71)	4.39
IAAEX	0.98	0.39	0.46	1.61	0.00	(1.26)	1.94	(0.97)	19.44

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