Thrivent Limited Correlations

THLIX Fund

USD 12.41 0.02 0.16%

The current 90-days correlation between Thrivent Limited Maturity and Cmg Ultra Short is 0.65 (i.e., Poor diversification). The correlation of Thrivent Limited 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 Limited Correlation With Market

Significant diversification

The correlation between Thrivent Limited Maturity and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Limited Maturity and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent Limited Maturity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Thrivent Mutual Fund

0.69	TWAAX	Thrivent Partner Wor	Pair Corr
0.7	TWAIX	Thrivent Partner Wor	Pair Corr
0.85	LBHYX	Thrivent High Yield	Pair Corr
0.9	LBHIX	Thrivent High Yield	Pair Corr
0.99	LBLAX	Thrivent Limited Maturity	Pair Corr
0.68	IIINX	Thrivent Opportunity	Pair Corr

Moving against Thrivent Mutual Fund

0.44	AASMX	Thrivent Small Cap	Pair Corr
0.36	AALGX	Thrivent Large Cap	Pair Corr
0.36	TMCVX	Thrivent Mid Cap	Pair Corr
0.33	AASCX	Thrivent Mid Cap	Pair Corr
0.31	AAUTX	Thrivent Large Cap	Pair Corr
0.31	TLVIX	Thrivent Large Cap	Pair Corr
0.43	TSCSX	Thrivent Small Cap	Pair Corr
0.35	IILGX	Thrivent Large Cap	Pair Corr
0.33	TAAAX	Thrivent Aggressive	Pair Corr
0.32	TAAIX	Thrivent Aggressive	Pair Corr

Related Correlations Analysis

	CMGUX	BXDCX	RPHIX	TASTX	PSHCX	RULFX	BDMKX
CMGUX		0.95	0.95	0.94	0.97	0.99	0.94	CMGUX
BXDCX	0.95		0.89	0.99	0.98	0.95	0.92	BXDCX
RPHIX	0.95	0.89		0.87	0.91	0.96	0.97	RPHIX
TASTX	0.94	0.99	0.87		0.99	0.94	0.91	TASTX
PSHCX	0.97	0.98	0.91	0.99		0.97	0.92	PSHCX
RULFX	0.99	0.95	0.96	0.94	0.97		0.95	RULFX
BDMKX	0.94	0.92	0.97	0.91	0.92	0.95		BDMKX
	CMGUX	BXDCX	RPHIX	TASTX	PSHCX	RULFX	BDMKX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Limited 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 Limited'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMGUX	0.04	0.01	0.00	(0.66)	0.00	0.11	0.00	0.44
BXDCX	0.08	0.01	0.06	1.34	(0.15)	0.22	(0.11)	0.65
RPHIX	0.04	0.01	0.00	1.62	0.00	0.10	0.00	0.21
TASTX	0.08	0.01	0.06	0.78	(0.18)	0.21	(0.10)	0.72
PSHCX	0.07	0.01	0.08	1.27	(0.19)	0.23	(0.11)	0.68
RULFX	0.05	0.01	0.07	(0.91)	(0.19)	0.10	(0.10)	0.60
BDMKX	0.07	0.03	0.23	2.41	(0.12)	0.11	(0.11)	0.34

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