Tiaa Cref Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref Mid Cap Value
TRVHX Fund  USD 18.24  0.04  0.22%   
The current 90-days correlation between Tiaa Cref Mid and Tiaa Cref Emerging Markets is 0.75 (i.e., Poor 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 Mid Cap Value and DJI is 0.56 (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 Mid 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 Mid 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 rate.

Moving together with Tiaa Mutual Fund

  0.66TEIHX Tiaa Cref EquityPairCorr
  0.64TEMLX Tiaa Cref EmergingPairCorr
  0.64TEMHX Tiaa Cref EmergingPairCorr
  0.69TEMVX Tiaa Cref EmergingPairCorr
  0.63TEMSX Tiaa Cref EmergingPairCorr
  0.61TEMPX Tiaa Cref EmergingPairCorr
  0.61TENWX Tiaa Cref EmergingPairCorr
  0.66TEQWX Tiaa Cref EquityPairCorr
  0.9TGIHX Tiaa Cref GrowthPairCorr
  0.9TGIWX Tiaa Cref GrowthPairCorr
  0.9THCVX Tiaa Cref LargePairCorr
  0.62TIBEX Tiaa Cref IntlPairCorr
  0.62TIBNX Tiaa Cref IntlPairCorr
  0.66TIBLX Tiaa Cref IntlPairCorr
  0.63TIBUX Tiaa Cref InternationalPairCorr
  0.66TIBVX Tiaa Cref IntlPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEDNX  0.13 (0.01)(0.17) 0.02  0.24 
(0.18)
 0.22 
(0.22)
 1.97 
TEDLX  0.13  0.00 (0.17)(1.19) 0.23 
(0.19)
 0.22 
(0.22)
 2.07 
TEDHX  0.13 (0.01)(0.16) 0.02  0.26 
(0.18)
 0.22 
(0.22)
 2.17 
TEDVX  0.14 (0.01)(0.17) 0.00  0.30 
(0.16)
 0.22 
(0.22)
 2.29 
TEDTX  0.13 (0.01)(0.17) 0.02  0.24 
(0.18)
 0.22 
(0.22)
 2.07 
TEDPX  0.13 (0.01)(0.16) 0.02  0.26 
(0.18)
 0.22 
(0.22)
 2.18 
TEIHX  0.63 (0.05)(0.04) 0.02  1.11 
(0.55)
 1.15 
(1.57)
 5.01 
TEMLX  0.80 (0.05)(0.04) 0.02  1.23 
(0.85)
 1.45 
(1.37)
 7.19 
TEMHX  0.81 (0.04)(0.04) 0.02  1.23 
(0.86)
 1.51 
(1.47)
 7.09 
TEMVX  0.81 (0.06)(0.04) 0.01  1.34 
(0.85)
 1.50 
(1.46)
 8.07 

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