Tiaa Cref Sp 500 Fund Market Value
| TRSPX Fund | USD 55.13 0.01 0.02% |
| Symbol | Tiaa-cref |
Tiaa-cref 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tiaa-cref's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tiaa-cref.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Tiaa-cref on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tiaa Cref Sp 500 or generate 0.0% return on investment in Tiaa-cref over 30 days. Tiaa-cref is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests at least 80 percent of its assets in securities of its benchmark index, the SP 500 Index More
Tiaa-cref Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tiaa-cref's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tiaa Cref Sp 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7095 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.13 |
Tiaa-cref Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tiaa-cref's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tiaa-cref's standard deviation. In reality, there are many statistical measures that can use Tiaa-cref historical prices to predict the future Tiaa-cref's volatility.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0683 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tiaa-cref's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tiaa Cref Sp Backtested Returns
We consider Tiaa-cref very steady. Tiaa Cref Sp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0868, which indicates the fund had a 0.0868% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tiaa Cref Sp 500, which you can use to evaluate the volatility of the fund. Please validate Tiaa-cref's Semi Deviation of 0.6038, risk adjusted performance of 0.0672, and Coefficient Of Variation of 949.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0658%. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. Tiaa-cref returns are very sensitive to returns on the market. As the market goes up or down, Tiaa-cref is expected to follow.
Auto-correlation | 0.48 |
Average predictability
Tiaa Cref Sp 500 has average predictability. Overlapping area represents the amount of predictability between Tiaa-cref time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. 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 Sp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Tiaa-cref price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Tiaa Cref Sp lagged returns against current returns
Autocorrelation, which is Tiaa-cref mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tiaa-cref's mutual fund expected returns. We can calculate the autocorrelation of Tiaa-cref returns to help us make a trade decision. For example, suppose you find that Tiaa-cref has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tiaa-cref regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tiaa-cref mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tiaa-cref mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tiaa-cref mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tiaa-cref Lagged Returns
When evaluating Tiaa-cref's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tiaa-cref mutual fund have on its future price. Tiaa-cref autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tiaa-cref autocorrelation shows the relationship between Tiaa-cref mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tiaa Cref Sp 500.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tiaa-cref Correlation, Tiaa-cref Volatility and Tiaa-cref Alpha and Beta module to complement your research on Tiaa-cref. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Tiaa-cref technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.