Thrivent High Competition
| THMBX Fund | USD 9.51 0.05 0.52% |
Thrivent High vs Thrivent Opportunity Correlation
Almost no diversification
The correlation between Thrivent High Income and AAINX is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent High Income and AAINX in the same portfolio, assuming nothing else is changed.
Moving together with Thrivent Mutual Fund
| 0.85 | TWAAX | Thrivent Partner Wor | PairCorr |
| 0.85 | TWAIX | Thrivent Partner Wor | PairCorr |
| 0.94 | THLIX | Thrivent Limited Maturity | PairCorr |
| 0.61 | THMAX | Thrivent Moderate | PairCorr |
Moving against Thrivent Mutual Fund
Thrivent High Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Thrivent High and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Thrivent and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Thrivent High Income does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thrivent Mutual Fund performing well and Thrivent High 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 Thrivent High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWAAX | 0.68 | 0.18 | 0.16 | 0.24 | 0.77 | 1.48 | 6.33 | |||
| TWAIX | 0.67 | 0.18 | 0.16 | 0.25 | 0.72 | 1.54 | 6.21 | |||
| THLCX | 0.75 | (0.08) | 0.00 | (0.05) | 0.00 | 1.30 | 5.65 | |||
| THLIX | 0.07 | 0.01 | (0.31) | (0.22) | 0.00 | 0.16 | 0.64 | |||
| THMAX | 0.44 | 0.08 | 0.14 | 0.15 | 0.27 | 0.64 | 7.26 | |||
| THMBX | 0.10 | 0.01 | (0.10) | 0.42 | 0.08 | 0.21 | 0.95 | |||
| THYFX | 0.16 | 0.01 | (0.06) | 0.11 | 0.06 | 0.41 | 1.02 | |||
| AAAGX | 0.76 | (0.07) | 0.00 | (0.04) | 0.00 | 1.30 | 6.31 | |||
| AABFX | 0.33 | 0.08 | 0.17 | 0.19 | 0.00 | 0.51 | 5.84 | |||
| AAINX | 0.08 | 0.01 | (0.15) | 0.20 | 0.00 | 0.22 | 0.65 |
Thrivent High Competitive Analysis
The better you understand Thrivent High competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Thrivent High's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Thrivent High's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Thrivent High Competition Performance Charts
Five steps to successful analysis of Thrivent High Competition
Thrivent High's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Thrivent High Income in relation to its competition. Thrivent High's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Thrivent High in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Thrivent High's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Thrivent High Income, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Other Information on Investing in Thrivent Mutual Fund
Thrivent High financial ratios help investors to determine whether Thrivent Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Thrivent with respect to the benefits of owning Thrivent High security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |