Thrivent Moderate Correlations

THMAX Fund

USD 16.89 0.08 0.48%

The current 90-days correlation between Thrivent Moderate and Thrivent Opportunity Income is 0.25 (i.e., Modest diversification). The correlation of Thrivent Moderate 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 Moderate Correlation With Market

Almost no diversification

The correlation between Thrivent Moderate Allocation and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Moderate Allocation 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 Moderate Allocation. 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 nation.

Moving together with Thrivent Mutual Fund

0.91	TWAAX	Thrivent Partner Wor	Pair Corr
0.91	TWAIX	Thrivent Partner Wor	Pair Corr
0.77	THLIX	Thrivent Limited Maturity	Pair Corr
0.83	THYFX	Thrivent Diversified	Pair Corr
0.99	AABFX	Thrivent Balanced Income	Pair Corr
0.78	AAINX	Thrivent Opportunity	Pair Corr
0.88	AAHYX	Thrivent Diversified	Pair Corr
0.97	AALGX	Thrivent Large Cap	Pair Corr
0.99	AASCX	Thrivent Mid Cap	Pair Corr
0.91	AASMX	Thrivent Small Cap	Pair Corr
0.95	AAUTX	Thrivent Large Cap	Pair Corr
0.95	TLVIX	Thrivent Large Cap	Pair Corr
1.0	TMAIX	Thrivent Moderate	Pair Corr
0.99	IBBFX	Thrivent Balanced Income	Pair Corr
1.0	TMAFX	Thrivent Moderately	Pair Corr
1.0	TMAAX	Thrivent Moderately	Pair Corr
0.99	TMSIX	Thrivent Mid Cap	Pair Corr
0.87	LBHYX	Thrivent High Yield	Pair Corr
0.63	LBIIX	Thrivent Income	Pair Corr
0.84	LBHIX	Thrivent High Yield	Pair Corr
0.77	LBLAX	Thrivent Limited Maturity	Pair Corr
1.0	TAAAX	Thrivent Aggressive	Pair Corr
1.0	TAAIX	Thrivent Aggressive	Pair Corr
0.86	TSCGX	Thrivent Small Cap	Pair Corr
0.89	TSCSX	Thrivent Small Cap	Pair Corr
0.87	LUBIX	Thrivent Income	Pair Corr
0.75	IIINX	Thrivent Opportunity	Pair Corr
1.0	IILGX	Thrivent Large Cap	Pair Corr
0.99	TCAAX	Thrivent Moderately	Pair Corr
0.99	TCAIX	Thrivent Moderately	Pair Corr
0.82	ABALX	American Balanced	Pair Corr

Related Correlations Analysis

	TWAAX	TWAIX	THLCX	THLIX	THMBX	THYFX	AAAGX	AABFX	AAINX
TWAAX		1.0	-0.06	0.93	0.83	0.96	-0.02	0.95	0.95	TWAAX
TWAIX	1.0		-0.06	0.93	0.83	0.96	-0.03	0.95	0.95	TWAIX
THLCX	-0.06	-0.06		-0.22	-0.38	-0.1	0.92	0.19	-0.19	THLCX
THLIX	0.93	0.93	-0.22		0.91	0.94	-0.2	0.82	0.98	THLIX
THMBX	0.83	0.83	-0.38	0.91		0.85	-0.38	0.68	0.91	THMBX
THYFX	0.96	0.96	-0.1	0.94	0.85		-0.05	0.88	0.97	THYFX
AAAGX	-0.02	-0.03	0.92	-0.2	-0.38	-0.05		0.24	-0.18	AAAGX
AABFX	0.95	0.95	0.19	0.82	0.68	0.88	0.24		0.84	AABFX
AAINX	0.95	0.95	-0.19	0.98	0.91	0.97	-0.18	0.84		AAINX
	TWAAX	TWAIX	THLCX	THLIX	THMBX	THYFX	AAAGX	AABFX	AAINX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TWAIX	+ 1.0	TWAAX
AAINX	+ 0.98	THLIX
AAINX	+ 0.97	THYFX
THYFX	+ 0.96	TWAAX
THYFX	+ 0.96	TWAIX
AABFX	+ 0.95	TWAAX

High negative correlations

AAAGX	- 0.38	THMBX
THMBX	- 0.38	THLCX
THLIX	- 0.22	THLCX
AAAGX	- 0.2	THLIX
AAINX	- 0.19	THLCX
AAINX	- 0.18	AAAGX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderate 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 Moderate'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	0.63	0.23	0.28	0.38	0.14	(0.80)	1.48	(1.19)	6.33
TWAIX	0.62	0.24	0.29	0.40	0.00	(0.78)	1.54	(1.11)	6.21
THLCX	0.78	0.03	(0.08)	(0.04)	1.13	(0.73)	1.30	(1.79)	5.65
THLIX	0.07	0.01	(0.99)	0.30	0.00	(0.13)	0.16	(0.08)	0.56
THMBX	0.09	0.00	(0.31)	0.00	0.00	(0.16)	0.21	(0.11)	0.95
THYFX	0.16	0.03	(0.20)	0.26	0.00	(0.22)	0.42	(0.27)	1.03
AAAGX	0.80	(0.07)	(0.06)	0.03	1.12	(0.77)	1.31	(1.79)	6.31
AABFX	0.34	0.09	0.11	0.27	0.00	(0.44)	0.67	(0.44)	5.84
AAINX	0.08	0.02	(0.52)	0.97	0.00	(0.16)	0.22	(0.11)	0.54

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