Tiaa-cref Emerging Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Emerging Markets
TEQPX Fund  USD 12.92  0.05  0.39%   
The current 90-days correlation between Tiaa Cref Emerging and Tiaa Cref Emerging Markets is 0.51 (i.e., Very weak diversification). The correlation of Tiaa-cref Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Tiaa Cref Emerging Markets and DJI is 0.58 (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 metropolitan statistical area.

Moving together with Tiaa-cref Mutual Fund

  0.94TEDNX Tiaa Cref EmergingPairCorr
  0.94TEDLX Tiaa Cref EmergingPairCorr
  0.94TEDHX Tiaa Cref EmergingPairCorr
  0.94TEDVX Tiaa Cref EmergingPairCorr
  0.94TEDTX Tiaa Cref EmergingPairCorr
  0.94TEDPX Tiaa Cref EmergingPairCorr
  0.97TEIHX Tiaa Cref EquityPairCorr
  0.98TEMLX Tiaa Cref EmergingPairCorr
  0.98TEMHX Tiaa Cref EmergingPairCorr
  0.98TEMVX Tiaa Cref EmergingPairCorr
  0.82TEMRX Tiaa Cref EmergingPairCorr
  0.82TEMSX Tiaa Cref EmergingPairCorr
  0.94TEMPX Tiaa Cref EmergingPairCorr
  1.0TENWX Tiaa Cref EmergingPairCorr
  0.84TEQLX Tiaa Cref EmergingPairCorr
  0.97TEQKX Tiaa Cref EmergingPairCorr
  0.84TEQHX Tiaa Cref EmergingPairCorr
  0.97TEQWX Tiaa Cref EquityPairCorr
  0.84TEQSX Tiaa Cref EmergingPairCorr
  0.65TESHX Tiaa-cref Short-termPairCorr
  0.98TFITX Tiaa Cref LifecyclePairCorr
  0.98TFIRX Tiaa Cref LifecyclePairCorr
  0.98TFIPX Tiaa Cref LifecyclePairCorr
  0.8TFIHX Tiaa Cref LifecyclePairCorr
  0.8TFTIX Tiaa Cref LifecyclePairCorr
  0.8TFTHX Tiaa Cref LifecyclePairCorr
  0.96TGIHX Tiaa Cref GrowthPairCorr
  0.96TGIWX Tiaa Cref GrowthPairCorr
  0.68TGRKX Tiaa Cref GreenPairCorr
  0.87TGRNX Tiaa Cref GreenPairCorr
  0.87TGROX Tiaa Cref GreenPairCorr
  0.86TGRLX Tiaa Cref GreenPairCorr
  0.86TGRMX Tiaa Cref GreenPairCorr
  0.73THCVX Tiaa-cref Large-capPairCorr
  0.66TIBDX Tiaa Cref BondPairCorr
  0.69TIBEX Tiaa Cref IntlPairCorr
  0.65TIBFX Tiaa Cref BondPairCorr
  0.69TIBNX Tiaa Cref IntlPairCorr
  0.7TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Emerging 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 Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.13  0.06 (0.20) 0.61  0.00 
(0.20)
 0.35 
(0.12)
 0.81 
TEDLX  0.13  0.06 (0.24) 0.78  0.00 
(0.22)
 0.35 
(0.12)
 0.92 
TEDHX  0.13  0.06 (0.28) 0.56  0.00 
(0.20)
 0.34 
(0.11)
 0.69 
TEDVX  0.13  0.06 (0.20) 0.57  0.00 
(0.20)
 0.35 
(0.22)
 0.81 
TEDTX  0.13  0.06 (0.23) 0.64  0.00 
(0.21)
 0.34 
(0.12)
 0.81 
TEDPX  0.13  0.06 (0.26) 0.62  0.00 
(0.20)
 0.35 
(0.11)
 0.58 
TEIHX  0.48  0.05  0.05  0.17  0.27 
(0.58)
 1.14 
(0.80)
 2.79 
TEMLX  0.61  0.05  0.01  0.18  0.53 
(0.76)
 1.47 
(1.18)
 4.11 
TEMHX  0.61  0.04  0.01  0.17  0.54 
(0.74)
 1.47 
(1.11)
 4.22 
TEMVX  0.61  0.05  0.02  0.18  0.50 
(0.72)
 1.46 
(1.11)
 4.08 

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