Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Large Cap Growth
TILPX Fund  USD 30.28  0.13  0.43%   
The current 90-days correlation between Tiaa Cref Large and Qs Global Equity is 0.49 (i.e., Very weak 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 Large Cap Growth and DJI is 0.52 (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 american community survey.

Moving together with Tiaa Mutual Fund

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  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.99DXQLX Direxion Monthly Nasdaq Steady GrowthPairCorr
  0.99RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.99RYVYX Nasdaq 100 2x Steady GrowthPairCorr
  0.99UOPIX Ultra Nasdaq 100 Steady GrowthPairCorr
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  0.99UOPSX Ultranasdaq 100 Profund Steady GrowthPairCorr
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  0.74BIPIX Biotechnology UltrasectorPairCorr
  0.64FGBRX Templeton Global BondPairCorr
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  0.91CAT CaterpillarPairCorr
  0.81AA Alcoa CorpPairCorr
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  0.8IBM International BusinessPairCorr
  0.78MSFT MicrosoftPairCorr
  0.86MMM 3M CompanyPairCorr
  0.87DIS Walt DisneyPairCorr
  0.7TRV The Travelers CompaniesPairCorr
  0.78DD Dupont De NemoursPairCorr
  0.65T ATT IncPairCorr
  0.85JPM JPMorgan ChasePairCorr

Related Correlations Analysis

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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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