TIAA CREF Large Backtested Returns
Macroaxis considers TIAA CREF to be not too volatile. TIAA CREF Large
retains Efficiency (Sharpe Ratio) of -0.1796 which indicates TIAA CREF Large
had -0.1796% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. TIAA CREF exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate TIAA CREF Large Cap Value Retire Risk Adjusted Performance
of 0.18 to confirm risk estimate we provide. The entity owns Beta (Systematic Risk) of 0.0239 which indicates as returns on market increase, TIAA CREF returns are expected to increase less than the market. However during bear market, the loss on holding TIAA CREF will be expected to be smaller as well.. Even though it is essential to pay attention to TIAA CREF Large existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis philosophy towards measuring future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. TIAA CREF exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.13) |
Insignificant reverse predictability
TIAA CREF Large Cap Value Retire has insignificant reverse predictability. Overlapping area represents the amount of predictability between TIAA CREF time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TIAA CREF Large price movement. The serial correlation of -0.13 indicates that less than 13.0% of current TIAA CREF price fluctuation can be explain by its past prices. Given that TIAA CREF Large Cap Value Retire has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of TIAA CREF for similar time interval.
|Correlation Coefficient|| -0.13|
|Spearman Rank Test|| -0.03|
|Price Variance|| 0.05|
|Lagged Price Variance|| 0.04|
TIAA CREF Lagged Returns