Tiaa Cref Correlations

TINRX Fund  USD 44.59  0.19  0.42%   
The current 90-days correlation between Tiaa Cref Equity and Guidemark Smallmid Cap is 0.14 (i.e., Average 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

Average diversification

The correlation between Tiaa Cref Equity Index and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Equity Index 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 Equity Index. 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 Mutual Fund

  0.96TEDNX Tiaa Cref EmergingPairCorr
  0.96TEDLX Tiaa Cref EmergingPairCorr
  0.96TEDHX Tiaa Cref EmergingPairCorr
  0.96TEDVX Tiaa Cref EmergingPairCorr
  0.96TEDTX Tiaa Cref EmergingPairCorr
  0.96TEDPX Tiaa Cref EmergingPairCorr
  1.0TEIHX Tiaa Cref EquityPairCorr
  0.98TEMLX Tiaa Cref EmergingPairCorr
  0.98TEMHX Tiaa Cref EmergingPairCorr
  0.98TEMVX Tiaa Cref EmergingPairCorr
  0.98TEMRX Tiaa Cref EmergingPairCorr
  0.98TEMSX Tiaa Cref EmergingPairCorr
  0.98TENWX Tiaa Cref EmergingPairCorr
  0.98TEQLX Tiaa Cref EmergingPairCorr
  0.98TEQHX Tiaa Cref EmergingPairCorr
  1.0TEQWX Tiaa Cref EquityPairCorr
  0.98TEQPX Tiaa Cref EmergingPairCorr
  0.99TFITX Tiaa Cref LifecyclePairCorr
  0.99TFIRX Tiaa Cref LifecyclePairCorr
  0.99TFIPX Tiaa Cref LifecyclePairCorr
  0.99TFIHX Tiaa Cref LifecyclePairCorr
  0.99TFTIX Tiaa Cref LifecyclePairCorr
  0.99TFTHX Tiaa Cref LifecyclePairCorr
  1.0TGIHX Tiaa Cref GrowthPairCorr
  1.0TGIWX Tiaa Cref GrowthPairCorr
  0.8TGRKX Tiaa Cref GreenPairCorr
  0.79TGRNX Tiaa Cref GreenPairCorr
  0.8TGRLX Tiaa Cref GreenPairCorr
  0.78TGRMX Tiaa Cref GreenPairCorr
  0.99THCVX Tiaa Cref LargePairCorr
  0.67TIBDX Tiaa Cref BondPairCorr
  0.85TIBEX Tiaa Cref IntlPairCorr
  0.69TIBFX Tiaa Cref BondPairCorr
  0.85TIBNX Tiaa Cref IntlPairCorr
  0.85TIBLX Tiaa Cref IntlPairCorr
  0.68TIBHX Tiaa Cref BondPairCorr
  0.86TIBVX Tiaa Cref IntlPairCorr
  0.63TIDRX Tiaa Cref BondPairCorr
  0.67TIDPX Tiaa Cref BondPairCorr
  0.86TIBWX Tiaa Cref IntlPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.