Tiaa-cref Growth Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Growth Income
TIGRX Fund  USD 15.59  0.07  0.45%   
The current 90-days correlation between Tiaa Cref Growth and International Investors Gold is -0.01 (i.e., Good diversification). The correlation of Tiaa-cref Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Tiaa Cref Growth Income and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Growth Income 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 Growth Income. 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

  0.88TEDNX Tiaa Cref EmergingPairCorr
  0.88TEDLX Tiaa Cref EmergingPairCorr
  0.88TEDHX Tiaa Cref EmergingPairCorr
  0.88TEDVX Tiaa Cref EmergingPairCorr
  0.88TEDTX Tiaa Cref EmergingPairCorr
  0.62TEDPX Tiaa Cref EmergingPairCorr
  0.91TEIHX Tiaa Cref EquityPairCorr
  0.91TEMLX Tiaa Cref EmergingPairCorr
  0.83TEMHX Tiaa Cref EmergingPairCorr
  0.91TEMVX Tiaa Cref EmergingPairCorr
  0.91TEMRX Tiaa Cref EmergingPairCorr
  0.91TEMSX Tiaa Cref EmergingPairCorr
  0.82TENWX Tiaa Cref EmergingPairCorr
  0.91TEQLX Tiaa Cref EmergingPairCorr
  0.91TEQHX Tiaa Cref EmergingPairCorr
  0.91TEQWX Tiaa Cref EquityPairCorr
  0.91TEQPX Tiaa Cref EmergingPairCorr
  1.0TFITX Tiaa Cref LifecyclePairCorr
  1.0TFIRX Tiaa Cref LifecyclePairCorr
  1.0TFIHX Tiaa Cref LifecyclePairCorr
  0.92TFTIX Tiaa Cref LifecyclePairCorr
  0.92TFTHX Tiaa Cref LifecyclePairCorr
  0.91TGIWX Tiaa Cref GrowthPairCorr
  0.64TGRKX Tiaa Cref GreenPairCorr
  0.74TGRNX Tiaa Cref GreenPairCorr
  0.75TGRLX Tiaa Cref GreenPairCorr
  0.73TGRMX Tiaa Cref GreenPairCorr
  0.9THCVX Tiaa Cref LargePairCorr
  0.63TIBDX Tiaa Cref BondPairCorr
  0.79TIBEX Tiaa Cref IntlPairCorr
  0.65TIBFX Tiaa Cref BondPairCorr
  0.71TIBNX Tiaa Cref IntlPairCorr
  0.79TIBLX Tiaa Cref IntlPairCorr
  0.64TIBHX Tiaa Cref BondPairCorr
  0.71TIBVX Tiaa Cref IntlPairCorr
  0.64TIDPX Tiaa Cref BondPairCorr
  0.72TIBWX Tiaa Cref IntlPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Growth 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 Growth'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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