Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Emerging Markets
TEQLX Fund  USD 13.67  0.07  0.51%   
The current 90-days correlation between Tiaa Cref Emerging and Bbh Partner Fund 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 weak diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.51 (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 Emerging Markets 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 Emerging Markets. 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 inflation.

Moving together with Tiaa Mutual Fund

  0.82TEMRX Tiaa Cref EmergingPairCorr
  0.73NPSAX Nuveen Preferred SecPairCorr
  0.78NPSFX Nuveen Preferred SecPairCorr
  0.75NPSCX Nuveen Preferred SecPairCorr
  0.7NPSRX Nuveen Preferred SecPairCorr
  0.65FRKSX Nuveen Kansas MunicipalPairCorr
  0.69FAARX Nuveen All AmericanPairCorr
  0.7FAAWX Nuveen All AmericanPairCorr
  0.73FACCX Nuveen All AmericanPairCorr
  0.69FAFPX Nuveen Missouri MunicipalPairCorr
  0.66FAFOX Nuveen Kansas MunicipalPairCorr
  0.72FAFNX Nuveen Michigan MunicipalPairCorr
  0.69FAFMX Nuveen Ohio MunicipalPairCorr
  0.65FAFLX Nuveen Louisiana MunPairCorr
  0.67FAFKX Nuveen Orado MunicipalPairCorr
  0.65FAMAX Nuveen Minnesota IntPairCorr
  0.65FAMTX Nuveen Minnesota IntPairCorr

Moving against Tiaa Mutual Fund

  0.36FSHAX Nuveen Short TermPairCorr

Related Correlations Analysis


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

PARCX
+ 0.97
LANIX
LANIX
+ 0.93
URNQX
SSHFX
+ 0.89
PARCX
PARCX
+ 0.87
URNQX
SSHFX
+ 0.85
NQQQX
PARCX
+ 0.82
NQQQX
  

High negative correlations

CFNLX
- 0.08
BBHLX

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.

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