Tiaa-cref Small-cap Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Small Cap Equity
TRSEX Fund  USD 18.35  0.20  1.08%   
The current 90-days correlation between Tiaa-cref Small-cap and Janus High Yield Fund is 0.38 (i.e., Weak diversification). The correlation of Tiaa-cref Small-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 Small-cap Correlation With Market

Good diversification

The correlation between Tiaa Cref Small Cap Equity and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Small Cap Equity 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 Small Cap Equity. 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 national income and product accounts.

Moving together with Tiaa-cref Mutual Fund

  0.94TEDNX Tiaa Cref EmergingPairCorr
  0.93TEDLX Tiaa Cref EmergingPairCorr
  0.93TEDHX Tiaa Cref EmergingPairCorr
  0.93TEDVX Tiaa Cref EmergingPairCorr
  0.93TEDTX Tiaa Cref EmergingPairCorr
  0.93TEDPX Tiaa Cref EmergingPairCorr
  0.82TEIHX Tiaa Cref EquityPairCorr
  0.78TEMLX Tiaa Cref EmergingPairCorr
  0.9TEMHX Tiaa Cref EmergingPairCorr
  0.91TEMVX Tiaa Cref EmergingPairCorr
  0.9TEMRX Tiaa Cref EmergingPairCorr
  0.78TEMSX Tiaa Cref EmergingPairCorr
  0.9TEMPX Tiaa Cref EmergingPairCorr
  0.82TENWX Tiaa Cref EmergingPairCorr
  0.82TEQLX Tiaa Cref EmergingPairCorr
  0.93TEQKX Tiaa Cref EmergingPairCorr
  0.82TEQHX Tiaa Cref EmergingPairCorr
  0.82TEQWX Tiaa Cref EquityPairCorr
  0.82TEQSX Tiaa Cref EmergingPairCorr
  0.82TEQPX Tiaa Cref EmergingPairCorr
  0.84TESHX Tiaa-cref Short-termPairCorr
  0.83TFITX Tiaa Cref LifecyclePairCorr
  0.83TFIRX Tiaa Cref LifecyclePairCorr
  0.82TFIPX Tiaa Cref LifecyclePairCorr
  0.97TFIHX Tiaa Cref LifecyclePairCorr
  0.82TFTIX Tiaa Cref LifecyclePairCorr
  0.82TFTHX Tiaa Cref LifecyclePairCorr
  0.81TGIHX Tiaa Cref GrowthPairCorr
  0.94TGIWX Tiaa Cref GrowthPairCorr
  0.7TGRKX Tiaa Cref GreenPairCorr
  0.71TGRNX Tiaa Cref GreenPairCorr
  0.86TGROX Tiaa Cref GreenPairCorr
  0.69TGRLX Tiaa Cref GreenPairCorr
  0.7TGRMX Tiaa Cref GreenPairCorr
  0.94THCVX Tiaa-cref Large-capPairCorr
  0.84TIBDX Tiaa Cref BondPairCorr
  0.84TIBEX Tiaa Cref IntlPairCorr
  0.84TIBFX Tiaa Cref BondPairCorr
  0.64TIBNX Tiaa Cref IntlPairCorr
  0.84TIBLX Tiaa Cref IntlPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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