Thrivent Mid Correlations

TMSIX Fund

USD 35.63 0.26 0.74%

The current 90-days correlation between Thrivent Mid Cap and Oppenheimer Gold Special is 0.31 (i.e., Weak diversification). The correlation of Thrivent Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Thrivent Mid Cap 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 Mid 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 Mid 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

0.91	TWAAX	Thrivent Partner Wor	Pair Corr
0.93	TWAIX	Thrivent Partner Wor	Pair Corr
0.82	THLIX	Thrivent Limited Maturity	Pair Corr
0.97	THMAX	Thrivent Moderate	Pair Corr
0.87	THYFX	Thrivent Diversified	Pair Corr
0.96	AABFX	Thrivent Balanced Income	Pair Corr
0.84	AAINX	Thrivent Opportunity	Pair Corr
0.94	AAHYX	Thrivent Diversified	Pair Corr
0.96	AALGX	Thrivent Large Cap	Pair Corr
0.97	AASCX	Thrivent Mid Cap	Pair Corr
0.93	AASMX	Thrivent Small Cap	Pair Corr
0.95	AAUTX	Thrivent Large Cap	Pair Corr
0.97	TLVIX	Thrivent Large Cap	Pair Corr
0.97	TMAIX	Thrivent Moderate	Pair Corr
0.99	IBBFX	Thrivent Balanced Income	Pair Corr
0.97	TMAFX	Thrivent Moderately	Pair Corr
0.99	TMAAX	Thrivent Moderately	Pair Corr
0.93	LBHYX	Thrivent High Yield	Pair Corr
0.73	LBIIX	Thrivent Income	Pair Corr
0.87	LBHIX	Thrivent High Yield	Pair Corr
0.88	LBLAX	Thrivent Limited Maturity	Pair Corr
0.97	TAAAX	Thrivent Aggressive	Pair Corr
0.99	TAAIX	Thrivent Aggressive	Pair Corr
0.89	TSCGX	Thrivent Small Cap	Pair Corr
0.92	TSCSX	Thrivent Small Cap	Pair Corr
0.91	LUBIX	Thrivent Income	Pair Corr
0.81	IIINX	Thrivent Opportunity	Pair Corr
0.96	IILGX	Thrivent Large Cap	Pair Corr
0.97	TCAAX	Thrivent Moderately	Pair Corr
0.99	TCAIX	Thrivent Moderately	Pair Corr
0.86	VIMAX	Vanguard Mid Cap	Pair Corr

Moving against Thrivent Mutual Fund

0.46

GABFX

Gmo Asset Allocation

Pair Corr

Related Correlations Analysis

	BFGIX	BFGFX	PGSGX	PFPMX	BARUX	CLXRX	JSIVX	OAKEX	OGMIX
BFGIX		1.0	0.62	0.83	0.92	0.86	0.69	0.76	0.57	BFGIX
BFGFX	1.0		0.61	0.83	0.92	0.86	0.69	0.76	0.56	BFGFX
PGSGX	0.62	0.61		0.85	0.51	0.74	0.82	0.8	0.88	PGSGX
PFPMX	0.83	0.83	0.85		0.68	0.93	0.91	0.94	0.88	PFPMX
BARUX	0.92	0.92	0.51	0.68		0.7	0.46	0.54	0.4	BARUX
CLXRX	0.86	0.86	0.74	0.93	0.7		0.86	0.93	0.79	CLXRX
JSIVX	0.69	0.69	0.82	0.91	0.46	0.86		0.92	0.89	JSIVX
OAKEX	0.76	0.76	0.8	0.94	0.54	0.93	0.92		0.88	OAKEX
OGMIX	0.57	0.56	0.88	0.88	0.4	0.79	0.89	0.88		OGMIX
	BFGIX	BFGFX	PGSGX	PFPMX	BARUX	CLXRX	JSIVX	OAKEX	OGMIX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Mid 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 Mid'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
BFGIX	0.92	0.13	0.13	0.22	0.73	(1.19)	1.72	(1.63)	13.68
BFGFX	0.92	0.13	0.13	0.22	0.73	(1.19)	1.73	(1.64)	13.70
PGSGX	1.05	0.06	0.00	0.41	1.40	(1.02)	2.13	(2.22)	5.09
PFPMX	0.93	0.16	0.17	0.21	0.66	(1.05)	1.97	(1.55)	10.27
BARUX	0.75	0.01	(0.01)	0.07	0.74	(0.89)	1.63	(1.43)	8.62
CLXRX	0.81	0.17	0.21	0.21	0.49	(1.03)	1.15	(1.54)	18.66
JSIVX	0.77	0.17	0.21	0.26	0.48	(0.93)	2.12	(1.25)	5.48
OAKEX	0.69	0.13	0.13	0.25	0.57	(0.79)	1.60	(1.33)	6.92
OGMIX	1.99	0.43	0.13	0.39	2.86	(2.06)	4.71	(4.92)	16.72

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