Thrivent Moderate Correlations

Mutual Funds . USA . 
Fund . Thrivent Moderate Allocation
TMAIX Fund  USD 16.83  0.07  0.42%   
The current 90-days correlation between Thrivent Moderate and Gmo Quality Fund is 0.7 (i.e., Poor 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 0.88 (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 signals in gross domestic product.

Moving together with Thrivent Mutual Fund

  0.97TWAAX Thrivent Partner WorPairCorr
  0.96TWAIX Thrivent Partner WorPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.86THYFX Thrivent DiversifiedPairCorr
  0.82AAAGX Thrivent Large CapPairCorr
  1.0AABFX Thrivent Balanced IncomePairCorr
  0.86AAINX Thrivent OpportunityPairCorr
  0.92AAHYX Thrivent DiversifiedPairCorr
  0.99AASCX Thrivent Mid CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.97TLVIX Thrivent Large CapPairCorr
  0.98IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  0.96TMSIX Thrivent Mid CapPairCorr
  0.91LBHYX Thrivent High YieldPairCorr
  0.87LBHIX Thrivent High YieldPairCorr
  0.86LBLAX Thrivent Limited MaturityPairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  1.0TAAIX Thrivent AggressivePairCorr
  0.81TSCGX Thrivent Small CapPairCorr
  0.89TSCSX Thrivent Small CapPairCorr
  0.91LUBIX Thrivent IncomePairCorr
  0.86IIINX Thrivent OpportunityPairCorr
  1.0IILGX Thrivent Large CapPairCorr
  1.0TCAAX Thrivent ModeratelyPairCorr
  0.97TCAIX Thrivent ModeratelyPairCorr
  0.85ABALX American BalancedPairCorr
  0.96BALCX American BalancedPairCorr
  0.83BALFX American BalancedPairCorr
  0.96FBONX American Funds AmericanPairCorr
  0.96FBAFX American Funds AmericanPairCorr
  0.96RLBCX American BalancedPairCorr
  0.96RLBBX American BalancedPairCorr
  0.85CLBAX American BalancedPairCorr
  0.96CLBEX American BalancedPairCorr
  0.96RLBFX American BalancedPairCorr
  0.8VTSAX Vanguard Total StockPairCorr

Related Correlations Analysis


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.

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