Tiaa-cref Large-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Growth
TILGX Fund  USD 31.40  0.56  1.82%   
The current 90-days correlation between Tiaa-cref Large-cap and Fidelity Advisor Technology is 0.6 (i.e., Poor diversification). The correlation of Tiaa-cref Large-cap 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 Large-cap Correlation With Market

Very weak diversification

The correlation between Tiaa Cref Large Cap Growth and DJI is 0.43 (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 Large Cap Growth 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 Large Cap Growth. 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 rate.

Moving together with Tiaa-cref Mutual Fund

  0.94TEDNX Tiaa Cref EmergingPairCorr
  0.84TEDLX Tiaa Cref EmergingPairCorr
  0.94TEDHX Tiaa Cref EmergingPairCorr
  0.93TEDVX Tiaa Cref EmergingPairCorr
  0.93TEDTX Tiaa Cref EmergingPairCorr
  0.93TEDPX Tiaa Cref EmergingPairCorr
  0.99TEIHX Tiaa Cref EquityPairCorr
  0.89TEMLX Tiaa Cref EmergingPairCorr
  0.95TEMHX Tiaa Cref EmergingPairCorr
  0.89TEMVX Tiaa Cref EmergingPairCorr
  0.89TEMRX Tiaa Cref EmergingPairCorr
  0.95TEMSX Tiaa Cref EmergingPairCorr
  0.89TEMPX Tiaa Cref EmergingPairCorr
  0.96TENWX Tiaa Cref EmergingPairCorr
  0.89TEQLX Tiaa Cref EmergingPairCorr
  0.89TEQKX Tiaa Cref EmergingPairCorr
  0.89TEQHX Tiaa Cref EmergingPairCorr
  0.99TEQWX Tiaa Cref EquityPairCorr
  0.96TEQSX Tiaa Cref EmergingPairCorr
  0.96TEQPX Tiaa Cref EmergingPairCorr
  0.84TESHX Tiaa-cref Short-termPairCorr
  0.89TFITX Tiaa Cref LifecyclePairCorr
  0.97TFIRX Tiaa Cref LifecyclePairCorr
  0.89TFIPX Tiaa Cref LifecyclePairCorr
  0.97TFIHX Tiaa Cref LifecyclePairCorr
  0.97TFTIX Tiaa Cref LifecyclePairCorr
  0.97TFTHX Tiaa Cref LifecyclePairCorr
  0.91TGIHX Tiaa Cref GrowthPairCorr
  0.91TGIWX Tiaa Cref GrowthPairCorr
  0.8TGRKX Tiaa Cref GreenPairCorr
  0.81TGRNX Tiaa Cref GreenPairCorr
  0.66TGROX Tiaa Cref GreenPairCorr
  0.79TGRLX Tiaa Cref GreenPairCorr
  0.86TGRMX Tiaa Cref GreenPairCorr
  0.92THCVX Tiaa-cref Large-capPairCorr
  0.84TIBDX Tiaa Cref BondPairCorr
  0.79TIBEX Tiaa Cref IntlPairCorr
  0.77TIBFX Tiaa Cref BondPairCorr
  0.8TIBNX Tiaa Cref IntlPairCorr
  0.81TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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