Tiaa Cref Correlations

TEIHX Fund

USD 46.77 0.21 0.45%

The current 90-days correlation between Tiaa Cref Equity and Tiaa Cref International Equity is 0.74 (i.e., Poor diversification). The correlation of Tiaa Cref 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 Correlation With Market

Very good diversification

The correlation between Tiaa Cref Equity Index and DJI is -0.21 (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 Equity Index 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 Equity Index. 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 Mutual Fund

1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.86	SMPIX	Semiconductor Ultrasector	Pair Corr
0.84	RSNRX	Victory Global Natural	Pair Corr
0.84	RSNYX	Victory Global Natural	Pair Corr
0.84	RGNCX	Victory Global Natural	Pair Corr
0.76	CSFAX	Cohen Steers Global	Pair Corr
0.96	POSKX	Primecap Odyssey Stock	Pair Corr
0.99	FAUTX	American Funds 2040	Pair Corr
0.89	PVFAX	Paradigm Value	Pair Corr
0.97	RYATX	Nasdaq 100 Fund	Pair Corr
0.88	DOXIX	Dodge Cox Income	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.82	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.69	XOM	Exxon Mobil Corp	Pair Corr
0.85	GE	GE Aerospace Earnings Call This Week	Pair Corr

Moving against Tiaa Mutual Fund

0.51	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.5	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.5	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.5	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.5	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TIIEX	TIISX	TIIRX	TRCIX	TIILX	TIIWX	TRCVX	TILRX	TILPX
TIIEX		0.95	0.91	0.95	0.77	0.78	0.92	0.86	0.86	TIIEX
TIISX	0.95		0.94	0.97	0.85	0.86	0.91	0.91	0.91	TIISX
TIIRX	0.91	0.94		0.94	0.78	0.79	0.89	0.96	0.96	TIIRX
TRCIX	0.95	0.97	0.94		0.88	0.89	0.92	0.93	0.93	TRCIX
TIILX	0.77	0.85	0.78	0.88		1.0	0.79	0.74	0.74	TIILX
TIIWX	0.78	0.86	0.79	0.89	1.0		0.8	0.75	0.75	TIIWX
TRCVX	0.92	0.91	0.89	0.92	0.79	0.8		0.86	0.86	TRCVX
TILRX	0.86	0.91	0.96	0.93	0.74	0.75	0.86		1.0	TILRX
TILPX	0.86	0.91	0.96	0.93	0.74	0.75	0.86	1.0		TILPX
	TIIEX	TIISX	TIIRX	TRCIX	TIILX	TIIWX	TRCVX	TILRX	TILPX

Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref 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'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
TIIEX	0.68	0.14	0.08	(0.42)	0.70	(0.74)	1.45	(1.07)	5.07
TIISX	0.52	0.08	0.03	(0.47)	0.61	(0.57)	1.10	(0.85)	4.09
TIIRX	0.52	0.07	0.01	(0.23)	0.65	(0.55)	1.26	(0.83)	4.32
TRCIX	0.22	0.06	0.03	(0.48)	0.00	(0.25)	0.47	(0.30)	1.80
TIILX	0.13	0.02	(0.22)	(0.23)	0.00	(0.19)	0.28	(0.18)	0.75
TIIWX	0.13	0.02	(0.21)	(0.28)	0.00	(0.20)	0.28	(0.18)	0.75
TRCVX	0.44	0.06	0.01	(0.31)	0.51	(0.51)	1.09	(0.85)	3.79
TILRX	0.64	0.07	0.01	(0.24)	0.89	(0.65)	1.41	(1.29)	5.03
TILPX	0.64	0.08	0.01	(0.24)	0.88	(0.64)	1.42	(1.30)	5.06

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