Tiaa-cref Lifecycle Correlations
TLWIX Fund | USD 18.94 0.03 0.16% |
The correlation of Tiaa-cref Lifecycle is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tiaa-cref Lifecycle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tiaa Cref Lifecycle Index moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Poor diversification
The correlation between TIAA-CREF LIFECYCLE INDEX and NYA is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TIAA-CREF LIFECYCLE INDEX and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Tiaa-cref Lifecycle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tiaa-cref Lifecycle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tiaa-cref Lifecycle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tiaa Cref Lifecycle Index to buy it.
Moving together with Tiaa-cref Mutual Fund
0.83 | STFGX | State Farm Growth | PairCorr |
0.79 | TEDNX | Tiaa-cref Emerging | PairCorr |
0.78 | TEDLX | Tiaa-cref Emerging | PairCorr |
0.78 | TEDHX | Tiaa-cref Emerging | PairCorr |
0.79 | TEDVX | Tiaa-cref Emerging | PairCorr |
0.78 | TEDTX | Tiaa-cref Emerging | PairCorr |
0.78 | TEDPX | Tiaa-cref Emerging | PairCorr |
0.84 | TEIHX | Tiaa-cref Equity Index | PairCorr |
0.61 | TEMVX | Tiaa-cref Emerging | PairCorr |
0.74 | TENWX | Tiaa-cref Emerging | PairCorr |
0.74 | TEQLX | Tiaa-cref Emerging | PairCorr |
0.74 | TEQKX | Tiaa-cref Emerging | PairCorr |
0.74 | TEQHX | Tiaa-cref Emerging | PairCorr |
0.84 | TEQWX | Tiaa-cref Equity Index | PairCorr |
0.74 | TEQSX | Tiaa-cref Emerging | PairCorr |
Related Correlations Analysis
STFGX | TEDNX | TEDLX | TEDHX | TEDVX | TEDTX | TEDPX | TEIHX | TEMLX | TEMHX | ||
STFGX | 0.67 | 0.66 | 0.67 | 0.68 | 0.66 | 0.67 | 0.83 | 0.51 | 0.51 | STFGX | |
TEDNX | 0.67 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.81 | 0.71 | 0.7 | TEDNX | |
TEDLX | 0.66 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.8 | 0.72 | 0.71 | TEDLX | |
TEDHX | 0.67 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.81 | 0.71 | 0.71 | TEDHX | |
TEDVX | 0.68 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.83 | 0.7 | 0.7 | TEDVX | |
TEDTX | 0.66 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.8 | 0.71 | 0.71 | TEDTX | |
TEDPX | 0.67 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.81 | 0.71 | 0.71 | TEDPX | |
TEIHX | 0.83 | 0.81 | 0.8 | 0.81 | 0.83 | 0.8 | 0.81 | 0.48 | 0.47 | TEIHX | |
TEMLX | 0.51 | 0.71 | 0.72 | 0.71 | 0.7 | 0.71 | 0.71 | 0.48 | 1.0 | TEMLX | |
TEMHX | 0.51 | 0.7 | 0.71 | 0.71 | 0.7 | 0.71 | 0.71 | 0.47 | 1.0 | TEMHX | |
STFGX | TEDNX | TEDLX | TEDHX | TEDVX | TEDTX | TEDPX | TEIHX | TEMLX | TEMHX |
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Risk-Adjusted Indicators
There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Lifecycle 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 Lifecycle'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
STFGX | 0.60 | (0.11) | (0.05) | 0.05 | 1.27 | 1.22 | 8.03 | |||
TEDNX | 0.21 | 0.02 | (0.22) | 0.23 | 0.00 | 0.37 | 2.32 | |||
TEDLX | 0.22 | 0.02 | (0.25) | 0.22 | 0.05 | 0.37 | 2.32 | |||
TEDHX | 0.22 | 0.02 | (0.24) | 0.22 | 0.00 | 0.48 | 2.32 | |||
TEDVX | 0.21 | 0.02 | (0.24) | 0.24 | 0.00 | 0.37 | 2.21 | |||
TEDTX | 0.21 | 0.02 | (0.23) | 0.22 | 0.00 | 0.48 | 2.33 | |||
TEDPX | 0.21 | 0.02 | (0.26) | 0.24 | 0.00 | 0.37 | 2.20 | |||
TEIHX | 0.57 | 0.01 | 0.02 | 0.15 | 0.48 | 1.23 | 3.24 | |||
TEMLX | 0.75 | (0.08) | (0.06) | 0.06 | 0.86 | 1.72 | 4.15 | |||
TEMHX | 0.75 | (0.08) | (0.06) | 0.06 | 0.91 | 1.58 | 4.02 |
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Our tools can tell you how much better you can do entering a position in Tiaa-cref Lifecycle without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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The danger of trading Tiaa Cref Lifecycle Index is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tiaa-cref Lifecycle is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tiaa-cref Lifecycle. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tiaa-cref Lifecycle Index is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tiaa Cref Lifecycle Index. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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When running Tiaa-cref Lifecycle's price analysis, check to measure Tiaa-cref Lifecycle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tiaa-cref Lifecycle is operating at the current time. Most of Tiaa-cref Lifecycle's value examination focuses on studying past and present price action to predict the probability of Tiaa-cref Lifecycle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tiaa-cref Lifecycle's price. Additionally, you may evaluate how the addition of Tiaa-cref Lifecycle to your portfolios can decrease your overall portfolio volatility.
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