Tiaa Cref Correlations

TRCVX Fund

USD 28.71 1.74 5.71%

The current 90-days correlation between Tiaa Cref Large and Ab Large Cap is 0.12 (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

Poor diversification

The correlation between Tiaa Cref Large Cap Value and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value 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 Value. 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 unemployment.

Moving together with Tiaa Mutual Fund

0.82	TLSHX	Tiaa Cref Lifestyle	Pair Corr
0.91	TRCPX	Tiaa Cref Large	Pair Corr
0.7	TSIMX	Tiaa Cref Lifestyle	Pair Corr
0.71	VVIAX	Vanguard Value Index	Pair Corr
0.68	AWSHX	Washington Mutual	Pair Corr
0.67	WSHCX	Washington Mutual	Pair Corr
0.73	WSHFX	Washington Mutual	Pair Corr
0.79	FWWMX	American Funds Washington	Pair Corr
0.79	FWMMX	American Funds Washington	Pair Corr
0.69	AMRMX	American Mutual	Pair Corr
0.78	AMFFX	American Mutual	Pair Corr
0.77	AMFCX	American Mutual	Pair Corr
0.66	PQTIX	Aa Pimco Tr	Pair Corr
0.74	VDIPX	Vanguard Developed	Pair Corr
0.72	TSCIX	Amg Timessquare Small	Pair Corr
0.65	PONCX	Pimco Income	Pair Corr
0.7	PWITX	Pace International Equity	Pair Corr
0.78	NOVIX	Glenmede International	Pair Corr
0.64	LYFAX	Alphacentric Lifesci	Pair Corr
0.73	FCTKX	Fidelity Freedom 2055	Pair Corr
0.78	SWYLX	Schwab Target 2020	Pair Corr
0.81	FPTPX	American Funds Conse	Pair Corr
0.8	TRRFX	T Rowe Price	Pair Corr

Related Correlations Analysis

	APGCX	SOPAX	PRDSX	TTMIX	FEMKX	GQETX	SVAIX	DHLRX	VSEQX
APGCX		-0.13	-0.1	0.34	0.14	0.03	0.34	0.19	-0.25	APGCX
SOPAX	-0.13		0.74	0.35	-0.02	0.29	0.22	0.54	0.79	SOPAX
PRDSX	-0.1	0.74		0.16	0.42	0.6	0.03	0.31	0.89	PRDSX
TTMIX	0.34	0.35	0.16		-0.31	-0.36	-0.38	0.48	0.05	TTMIX
FEMKX	0.14	-0.02	0.42	-0.31		0.67	0.12	-0.3	0.25	FEMKX
GQETX	0.03	0.29	0.6	-0.36	0.67		0.43	0.07	0.54	GQETX
SVAIX	0.34	0.22	0.03	-0.38	0.12	0.43		0.07	0.13	SVAIX
DHLRX	0.19	0.54	0.31	0.48	-0.3	0.07	0.07		0.36	DHLRX
VSEQX	-0.25	0.79	0.89	0.05	0.25	0.54	0.13	0.36		VSEQX
	APGCX	SOPAX	PRDSX	TTMIX	FEMKX	GQETX	SVAIX	DHLRX	VSEQX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VSEQX	+ 0.89	PRDSX
VSEQX	+ 0.79	SOPAX
PRDSX	+ 0.74	SOPAX
GQETX	+ 0.67	FEMKX
GQETX	+ 0.6	PRDSX
DHLRX	+ 0.54	SOPAX

High negative correlations

SVAIX	- 0.38	TTMIX
GQETX	- 0.36	TTMIX
FEMKX	- 0.31	TTMIX
DHLRX	- 0.3	FEMKX
VSEQX	- 0.25	APGCX
SOPAX	- 0.13	APGCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APGCX	0.80	(0.17)	0.00	(0.78)	0.00	0.00	1.29	(1.66)	11.13
SOPAX	0.46	(0.03)	(0.08)	0.03	0.54	(0.51)	1.02	(0.87)	2.30
PRDSX	0.91	(0.02)	0.00	0.06	1.10	(0.99)	2.03	(1.70)	5.26
TTMIX	0.59	(0.18)	0.00	(0.16)	0.00	0.00	1.26	(1.84)	3.79
FEMKX	0.74	0.01	0.00	0.08	1.02	(0.72)	1.36	(1.44)	5.11
GQETX	0.74	(0.12)	0.00	(0.03)	0.00	0.00	1.26	(1.27)	3.46
SVAIX	0.54	(0.04)	(0.08)	0.00	0.76	(0.60)	0.95	(0.77)	4.89
DHLRX	0.63	(0.04)	0.00	0.42	0.00	0.00	1.24	(1.32)	7.25
VSEQX	0.76	(0.02)	(0.01)	0.05	1.07	(0.71)	1.55	(1.57)	4.62

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