Thrivent Moderate Correlations

THMAX Fund

USD 16.70 0.07 0.42%

The current 90-days correlation between Thrivent Moderate and Needham Aggressive Growth is 0.14 (i.e., Average 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

Very poor diversification

The correlation between Thrivent Moderate Allocation and DJI is 0.82 (i.e., Very poor 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 various price indices.

Moving together with Thrivent Mutual Fund

0.78	ABALX	American Balanced	Pair Corr
0.84	BALCX	American Balanced	Pair Corr
0.77	BALFX	American Balanced	Pair Corr
0.84	FBONX	American Funds American	Pair Corr
0.84	FBAFX	American Funds American	Pair Corr
0.84	RLBCX	American Balanced	Pair Corr
0.84	RLBBX	American Balanced	Pair Corr
0.78	CLBAX	American Balanced	Pair Corr
0.84	CLBEX	American Balanced	Pair Corr
0.84	RLBFX	American Balanced	Pair Corr
0.78	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.78	VTSMX	Vanguard Total Stock	Pair Corr
0.78	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VITSX	Vanguard Total Stock	Pair Corr
0.78	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.66	WMT	Walmart Common Stock	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.81	BA	Boeing	Pair Corr
0.69	DIS	Walt Disney Earnings Call Today	Pair Corr

Moving against Thrivent Mutual Fund

0.46	HPQ	HP Inc	Pair Corr
0.45	MMM	3M Company	Pair Corr
0.34	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	PRFHX	PARCX	FHAIX	ATPAX	MWHIX	CYBAX	LBETX	NEAIX
PRFHX		0.79	0.73	0.78	0.86	0.74	0.61	0.72	PRFHX
PARCX	0.79		0.91	0.91	0.88	0.9	0.84	0.89	PARCX
FHAIX	0.73	0.91		0.95	0.89	0.96	0.87	0.85	FHAIX
ATPAX	0.78	0.91	0.95		0.94	0.99	0.89	0.83	ATPAX
MWHIX	0.86	0.88	0.89	0.94		0.93	0.72	0.89	MWHIX
CYBAX	0.74	0.9	0.96	0.99	0.93		0.9	0.84	CYBAX
LBETX	0.61	0.84	0.87	0.89	0.72	0.9		0.67	LBETX
NEAIX	0.72	0.89	0.85	0.83	0.89	0.84	0.67		NEAIX
	PRFHX	PARCX	FHAIX	ATPAX	MWHIX	CYBAX	LBETX	NEAIX

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
PRFHX	0.09	0.01	(0.18)	0.16	0.00	(0.15)	0.27	(0.18)	0.81
PARCX	0.40	0.07	0.10	0.16	0.27	(0.44)	0.82	(0.73)	5.12
FHAIX	0.12	0.00	0.00	0.04	0.00	0.00	0.57	(0.56)	1.14
ATPAX	0.08	0.00	(0.19)	0.08	0.00	(0.19)	0.25	(0.12)	0.73
MWHIX	0.11	0.00	(0.20)	0.08	0.00	(0.21)	0.22	(0.22)	1.09
CYBAX	0.10	0.00	(0.22)	0.08	0.00	(0.12)	0.24	(0.20)	0.80
LBETX	0.14	0.00	(0.10)	0.03	0.14	(0.22)	0.35	(0.26)	1.56
NEAIX	1.12	0.08	0.06	0.09	1.44	(1.13)	2.18	(2.76)	5.60

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