Thrivent Money Correlations
| AALXX Fund | USD 1.00 0.00 0.00% |
The correlation of Thrivent Money is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Thrivent |
Related Correlations Analysis
| 0.63 | 0.83 | 0.99 | 0.71 | 0.64 | TMCLX | ||
| 0.63 | 0.38 | 0.64 | 0.24 | 0.99 | IEFCX | ||
| 0.83 | 0.38 | 0.85 | 0.59 | 0.35 | PDX | ||
| 0.99 | 0.64 | 0.85 | 0.69 | 0.64 | SMAPX | ||
| 0.71 | 0.24 | 0.59 | 0.69 | 0.25 | FSLEX | ||
| 0.64 | 0.99 | 0.35 | 0.64 | 0.25 | VENAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Thrivent Money Market Fund performing well and Thrivent Money Money Market 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 Money'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TMCLX | 0.88 | 0.20 | 0.14 | 0.54 | 0.98 | 1.88 | 5.62 | |||
| IEFCX | 0.72 | 0.03 | 0.00 | 0.17 | 1.02 | 1.25 | 5.01 | |||
| PDX | 1.60 | 0.33 | 0.12 | 0.51 | 2.20 | 3.33 | 31.15 | |||
| SMAPX | 0.87 | 0.19 | 0.14 | 0.54 | 0.91 | 2.10 | 5.45 | |||
| FSLEX | 0.82 | 0.09 | 0.05 | 0.25 | 1.17 | 1.84 | 6.96 | |||
| VENAX | 0.81 | 0.04 | 0.01 | 0.16 | 1.04 | 1.46 | 6.91 |