Thrivent Large Correlations

TLVIX Fund

USD 33.01 0.40 1.23%

The current 90-days correlation between Thrivent Large Cap and Dodge Cox Stock is -0.1 (i.e., Good diversification). The correlation of Thrivent Large 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 Large Correlation With Market

Almost no diversification

The correlation between Thrivent Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Large Cap 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 Large Cap. 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

0.71	LBHIX	Thrivent High Yield	Pair Corr
0.93	VVIAX	Vanguard Value Index	Pair Corr
0.93	DOXGX	Dodge Cox Stock	Pair Corr
0.92	AFMFX	American Mutual	Pair Corr
0.89	FFMMX	American Funds American	Pair Corr
0.89	FFFMX	American Funds American	Pair Corr
0.92	AMRMX	American Mutual	Pair Corr
0.88	AMFFX	American Mutual	Pair Corr
0.87	AMFCX	American Mutual	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.97	VIVAX	Vanguard Value Index	Pair Corr
0.9	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.89	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.89	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.8	LETRX	Voya Russia Fund	Pair Corr
0.89	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.9	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.89	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	CCD	Calamos Dynamic Conv	Pair Corr
0.76	GAB	Gabelli Equity Trust	Pair Corr
0.9	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.94	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.86	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.77	DIS	Walt Disney Aggressive Push	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.9	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Thrivent Mutual Fund

0.57	TLVOX	Thrivent Low Volatility	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.68	KO	Coca Cola Aggressive Push	Pair Corr
0.67	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.57	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.53	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DOXGX	UPAAX	GMLVX	FALCX	DFELX	AMONX	TRSAX	RETSX
DOXGX		0.82	0.35	0.0	0.96	0.91	0.92	0.97	DOXGX
UPAAX	0.82		0.62	0.0	0.88	0.94	0.84	0.86	UPAAX
GMLVX	0.35	0.62		0.0	0.46	0.43	0.35	0.43	GMLVX
FALCX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FALCX
DFELX	0.96	0.88	0.46	0.0		0.95	0.98	1.0	DFELX
AMONX	0.91	0.94	0.43	0.0	0.95		0.93	0.94	AMONX
TRSAX	0.92	0.84	0.35	0.0	0.98	0.93		0.97	TRSAX
RETSX	0.97	0.86	0.43	0.0	1.0	0.94	0.97		RETSX
	DOXGX	UPAAX	GMLVX	FALCX	DFELX	AMONX	TRSAX	RETSX

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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

RETSX	+ 1.0	DFELX
TRSAX	+ 0.98	DFELX
RETSX	+ 0.97	DOXGX
RETSX	+ 0.97	TRSAX
DFELX	+ 0.96	DOXGX
AMONX	+ 0.95	DFELX

High negative correlations

RETSX	- 0.0	FALCX
TRSAX	- 0.0	FALCX
AMONX	- 0.0	FALCX
DFELX	- 0.0	FALCX
FALCX	- 0.0	GMLVX
FALCX	- 0.0	UPAAX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Large 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 Large'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
DOXGX	0.52	0.08	(0.03)	(0.70)	0.47	(0.61)	1.17	(0.93)	4.22
UPAAX	1.33	(0.08)	0.00	0.05	1.80	(1.38)	2.69	(3.14)	8.67
GMLVX	0.74	(0.02)	0.00	0.33	0.00	0.00	1.50	(1.74)	4.86
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DFELX	0.58	0.08	(0.01)	(1.49)	0.71	(0.62)	1.18	(1.36)	3.90
AMONX	0.72	0.04	0.04	0.12	0.88	(0.76)	1.63	(1.30)	4.55
TRSAX	0.72	0.09	0.00	(0.78)	1.03	(0.65)	1.82	(1.99)	5.08
RETSX	0.54	0.07	(0.03)	(1.27)	0.65	(0.57)	1.15	(1.46)	4.06

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