Thrivent Moderately Correlations

TMAFX Fund  USD 17.55  0.10  0.57%   
The current 90-days correlation between Thrivent Moderately and Thrivent Partner Worldwide is 0.01 (i.e., Significant diversification). The correlation of Thrivent Moderately 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 Moderately Correlation With Market

Very weak diversification

The correlation between Thrivent Moderately Aggressive and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Moderately Aggressive 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 Moderately Aggressive. 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 census.

Moving together with Thrivent Mutual Fund

  0.79THLCX Thrivent Large CapPairCorr
  0.95THMAX Thrivent ModeratePairCorr
  0.72THYFX Thrivent DiversifiedPairCorr
  0.85AAAGX Thrivent Large CapPairCorr
  0.98AABFX Thrivent Balanced IncomePairCorr
  0.65AAHYX Thrivent DiversifiedPairCorr
  0.9AALGX Thrivent Large CapPairCorr
  0.93AASCX Thrivent Mid CapPairCorr
  0.91AASMX Thrivent Small CapPairCorr
  0.97AAUTX Thrivent Large CapPairCorr
  0.96TLVIX Thrivent Large CapPairCorr
  1.0TMAIX Thrivent ModeratePairCorr
  0.98IBBFX Thrivent Balanced IncomePairCorr
  0.95TMAAX Thrivent ModeratelyPairCorr
  0.95TMCVX Thrivent Mid CapPairCorr
  0.63TMCGX Turner Emerging GrowthPairCorr
  0.92TMSIX Thrivent Mid CapPairCorr
  0.69LBIIX Thrivent IncomePairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  1.0TAAIX Thrivent AggressivePairCorr
  0.84TSCSX Thrivent Small CapPairCorr
  0.69LUBIX Thrivent IncomePairCorr
  0.72TBFAX Thrivent Government BondPairCorr
  0.7TBFIX Thrivent Government BondPairCorr
  0.94IILGX Thrivent Large CapPairCorr

Related Correlations Analysis

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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   
TWAIXTWAAX
AAAGXTHLCX
AABFXTHMAX
AAAGXTHMAX
AAINXTHMBX
THMAXTHLCX
  
High negative correlations   
THMAXTHLIX
THLIXTWAAX
THLIXTWAIX
AABFXTHLIX
AAAGXTHLIX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderately 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 Moderately'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TWAAX  0.55 (0.09) 0.00 (0.47) 0.00 
 0.94 
 3.61 
TWAIX  0.54 (0.09) 0.00 (0.49) 0.00 
 0.77 
 3.69 
THLCX  0.85 (0.04) 0.00 (0.13) 0.00 
 1.48 
 8.71 
THLIX  0.09  0.00  0.03 (0.01) 0.00 
 0.24 
 0.65 
THMAX  0.46 (0.07) 0.00 (0.29) 0.00 
 0.74 
 6.45 
THMBX  0.22 (0.03) 0.00 (0.51) 0.00 
 0.42 
 1.67 
THYFX  0.20 (0.01) 0.00 (0.07) 0.00 
 0.43 
 1.71 
AAAGX  0.86 (0.05) 0.00 (0.18) 0.00 
 1.46 
 9.74 
AABFX  0.31 (0.04) 0.00 (0.13) 0.00 
 0.57 
 2.80 
AAINX  0.16 (0.01) 0.00 (0.22) 0.00 
 0.45 
 1.00