Correlation Between Emerging Markets and Tiaa Cref
Can any of the company-specific risk be diversified away by investing in both Emerging Markets and Tiaa Cref at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Emerging Markets and Tiaa Cref into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between The Emerging Markets and Tiaa Cref Small Cap Blend, you can compare the effects of market volatilities on Emerging Markets and Tiaa Cref and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Emerging Markets with a short position of Tiaa Cref. Check out your portfolio center. Please also check ongoing floating volatility patterns of Emerging Markets and Tiaa Cref.
Diversification Opportunities for Emerging Markets and Tiaa Cref
0.91 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Emerging and Tiaa is 0.91. Overlapping area represents the amount of risk that can be diversified away by holding The Emerging Markets and Tiaa Cref Small Cap Blend in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tiaa Cref Small and Emerging Markets is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on The Emerging Markets are associated (or correlated) with Tiaa Cref. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tiaa Cref Small has no effect on the direction of Emerging Markets i.e., Emerging Markets and Tiaa Cref go up and down completely randomly.
Pair Corralation between Emerging Markets and Tiaa Cref
Assuming the 90 days horizon Emerging Markets is expected to generate 1.32 times less return on investment than Tiaa Cref. But when comparing it to its historical volatility, The Emerging Markets is 1.74 times less risky than Tiaa Cref. It trades about 0.22 of its potential returns per unit of risk. Tiaa Cref Small Cap Blend is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 2,296 in Tiaa Cref Small Cap Blend on June 12, 2025 and sell it today you would earn a total of 268.00 from holding Tiaa Cref Small Cap Blend or generate 11.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
The Emerging Markets vs. Tiaa Cref Small Cap Blend
Performance |
| Timeline |
| Emerging Markets |
| Tiaa Cref Small |
Emerging Markets and Tiaa Cref Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Emerging Markets and Tiaa Cref
The main advantage of trading using opposite Emerging Markets and Tiaa Cref positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Emerging Markets position performs unexpectedly, Tiaa Cref can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tiaa Cref will offset losses from the drop in Tiaa Cref's long position.| Emerging Markets vs. Victory Diversified Stock | Emerging Markets vs. Massmutual Premier Diversified | Emerging Markets vs. Manning Napier Diversified | Emerging Markets vs. Putnam Diversified Income |
| Tiaa Cref vs. Delaware Emerging Markets | Tiaa Cref vs. Pnc Emerging Markets | Tiaa Cref vs. Franklin Emerging Market | Tiaa Cref vs. Shelton Emerging Markets |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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