Tiaa-cref International Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref International Bond
TIBUX Fund  USD 8.85  0.01  0.11%   
The current 90-days correlation between Tiaa Cref International and Tiaa Cref Emerging Markets is 0.42 (i.e., Very weak diversification). The correlation of Tiaa-cref International 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 International Correlation With Market

Modest diversification

The correlation between Tiaa Cref International Bond and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Bond 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 International 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 employment.

Moving together with Tiaa-cref Mutual Fund

  0.95TEDNX Tiaa Cref EmergingPairCorr
  0.94TEDLX Tiaa Cref EmergingPairCorr
  0.94TEDHX Tiaa Cref EmergingPairCorr
  0.95TEDVX Tiaa Cref EmergingPairCorr
  0.95TEDTX Tiaa Cref EmergingPairCorr
  0.94TEDPX Tiaa Cref EmergingPairCorr
  0.86TEIHX Tiaa Cref EquityPairCorr
  0.87TEMLX Tiaa Cref EmergingPairCorr
  0.87TEMHX Tiaa Cref EmergingPairCorr
  0.87TEMVX Tiaa Cref EmergingPairCorr
  0.87TEMRX Tiaa Cref EmergingPairCorr
  0.87TEMSX Tiaa Cref EmergingPairCorr
  0.86TEMPX Tiaa Cref EmergingPairCorr
  0.88TENWX Tiaa Cref EmergingPairCorr
  0.87TEQLX Tiaa Cref EmergingPairCorr
  0.87TEQKX Tiaa Cref EmergingPairCorr
  0.87TEQHX Tiaa Cref EmergingPairCorr
  0.86TEQWX Tiaa Cref EquityPairCorr
  0.87TEQPX Tiaa Cref EmergingPairCorr
  0.9TESHX Tiaa Cref ShortPairCorr
  0.87TFITX Tiaa Cref LifecyclePairCorr
  0.87TFIRX Tiaa Cref LifecyclePairCorr
  0.87TFIPX Tiaa Cref LifecyclePairCorr
  0.87TFIHX Tiaa Cref LifecyclePairCorr
  0.87TFTIX Tiaa Cref LifecyclePairCorr
  0.87TFTHX Tiaa Cref LifecyclePairCorr
  0.86TGIHX Tiaa Cref GrowthPairCorr
  0.86TGIWX Tiaa Cref GrowthPairCorr
  0.96TGRKX Tiaa Cref GreenPairCorr
  0.95TGRNX Tiaa Cref GreenPairCorr
  0.95TGROX Tiaa Cref GreenPairCorr
  0.95TGRLX Tiaa Cref GreenPairCorr
  0.95TGRMX Tiaa Cref GreenPairCorr
  0.86THCVX Tiaa Cref LargePairCorr
  0.9TIBDX Tiaa Cref BondPairCorr
  1.0TIBEX Tiaa Cref IntlPairCorr
  0.88TIBFX Tiaa Cref BondPairCorr
  1.0TIBNX Tiaa Cref IntlPairCorr
  1.0TIBLX Tiaa Cref IntlPairCorr
  0.89TIBHX Tiaa Cref BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref International 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 International'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  0.17  0.07 (0.23) 0.81  0.00 
(0.26)
 0.48 
(0.24)
 1.07 
TEDLX  0.17  0.07 (0.23) 1.06  0.00 
(0.27)
 0.48 
(0.24)
 0.96 
TEDHX  0.16  0.07 (0.28) 0.89  0.00 
(0.24)
 0.46 
(0.23)
 0.96 
TEDVX  0.16  0.08 (0.23) 0.92  0.00 
(0.25)
 0.58 
(0.24)
 0.96 
TEDTX  0.17  0.07 (0.25) 0.87  0.00 
(0.27)
 0.48 
(0.23)
 0.96 
TEDPX  0.16  0.08 (0.25) 0.99  0.00 
(0.25)
 0.36 
(0.23)
 1.08 
TEIHX  0.67  0.12  0.11  0.26  0.54 
(0.76)
 2.07 
(1.16)
 5.02 
TEMLX  0.56  0.20  0.19  0.56  0.07 
(0.78)
 1.57 
(1.00)
 4.39 
TEMHX  0.58  0.20  0.19  0.54  0.13 
(0.77)
 1.57 
(1.07)
 4.39 
TEMVX  0.58  0.21  0.20  0.56  0.00 
(0.79)
 1.56 
(1.06)
 4.26 

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