Correlation Between Tiaa Cref and Saat Tax-managed
Can any of the company-specific risk be diversified away by investing in both Tiaa Cref and Saat Tax-managed 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 Tiaa Cref and Saat Tax-managed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Tiaa Cref Lifestyle Conservative and Saat Tax Managed Aggressive, you can compare the effects of market volatilities on Tiaa Cref and Saat Tax-managed 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 Tiaa Cref with a short position of Saat Tax-managed. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tiaa Cref and Saat Tax-managed.
Diversification Opportunities for Tiaa Cref and Saat Tax-managed
0.82 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Tiaa and Saat is 0.82. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifestyle Conservati and Saat Tax Managed Aggressive in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Saat Tax Managed and Tiaa Cref 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 Tiaa Cref Lifestyle Conservative are associated (or correlated) with Saat Tax-managed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Saat Tax Managed has no effect on the direction of Tiaa Cref i.e., Tiaa Cref and Saat Tax-managed go up and down completely randomly.
Pair Corralation between Tiaa Cref and Saat Tax-managed
Assuming the 90 days horizon Tiaa Cref is expected to generate 1.21 times less return on investment than Saat Tax-managed. But when comparing it to its historical volatility, Tiaa Cref Lifestyle Conservative is 1.89 times less risky than Saat Tax-managed. It trades about 0.14 of its potential returns per unit of risk. Saat Tax Managed Aggressive is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 2,865 in Saat Tax Managed Aggressive on September 4, 2025 and sell it today you would earn a total of 96.00 from holding Saat Tax Managed Aggressive or generate 3.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Tiaa Cref Lifestyle Conservati vs. Saat Tax Managed Aggressive
Performance |
| Timeline |
| Tiaa Cref Lifestyle |
| Saat Tax Managed |
Tiaa Cref and Saat Tax-managed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Tiaa Cref and Saat Tax-managed
The main advantage of trading using opposite Tiaa Cref and Saat Tax-managed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Tiaa Cref position performs unexpectedly, Saat Tax-managed 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 Saat Tax-managed will offset losses from the drop in Saat Tax-managed's long position.| Tiaa Cref vs. Pace Municipal Fixed | Tiaa Cref vs. Performance Trust Municipal | Tiaa Cref vs. Blackrock Pa Muni | Tiaa Cref vs. Fidelity California Municipal |
| Saat Tax-managed vs. Prudential Qma Large Cap | Saat Tax-managed vs. Qs Large Cap | Saat Tax-managed vs. Large Cap International | Saat Tax-managed vs. Dana Large Cap |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Complementary Tools
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |