Thrivent Partner Correlations

TWAIX Fund

USD 10.83 0.03 0.28%

The current 90-days correlation between Thrivent Partner Wor and Thrivent Large Cap is 0.6 (i.e., Poor diversification). The correlation of Thrivent Partner 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 Partner Correlation With Market

Very weak diversification

The correlation between Thrivent Partner Worldwide and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Partner Worldwide 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 Partner Worldwide. 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

1.0	TWAAX	Thrivent Partner Wor	Pair Corr
0.82	TLVOX	Thrivent Low Volatility	Pair Corr
0.72	LBIIX	Thrivent Income	Pair Corr
0.73	LUBIX	Thrivent Income	Pair Corr
0.71	TBFAX	Thrivent Government Bond	Pair Corr
0.71	TBFIX	Thrivent Government Bond	Pair Corr

Moving against Thrivent Mutual Fund

0.49	TMCVX	Thrivent Mid Cap	Pair Corr
0.44	TMCGX	Turner Emerging Growth	Pair Corr
0.43	AASMX	Thrivent Small Cap	Pair Corr
0.43	AAUTX	Thrivent Large Cap	Pair Corr
0.43	TLVIX	Thrivent Large Cap	Pair Corr
0.36	THLCX	Thrivent Large Cap	Pair Corr
0.36	AAAGX	Thrivent Large Cap	Pair Corr
0.31	AASCX	Thrivent Mid Cap	Pair Corr
0.31	TMSIX	Thrivent Mid Cap	Pair Corr
0.46	VTSAX	Vanguard Total Stock	Pair Corr
0.46	VTSMX	Vanguard Total Stock	Pair Corr
0.46	VSMPX	Vanguard Total Stock	Pair Corr
0.43	TSCGX	Thrivent Small Cap	Pair Corr
0.43	TSCSX	Thrivent Small Cap	Pair Corr
0.43	VFIAX	Vanguard 500 Index	Pair Corr
0.31	TAAIX	Thrivent Aggressive	Pair Corr

Related Correlations Analysis

	THLCX	THLIX	THMAX	THMBX	THYFX	AAAGX	AABFX	AAINX
THLCX		0.04	0.97	-0.05	0.43	1.0	0.68	-0.28	THLCX
THLIX	0.04		0.17	0.79	0.73	0.04	0.53	0.86	THLIX
THMAX	0.97	0.17		0.1	0.58	0.97	0.81	-0.11	THMAX
THMBX	-0.05	0.79	0.1		0.68	-0.04	0.48	0.79	THMBX
THYFX	0.43	0.73	0.58	0.68		0.43	0.93	0.71	THYFX
AAAGX	1.0	0.04	0.97	-0.04	0.43		0.68	-0.28	AAAGX
AABFX	0.68	0.53	0.81	0.48	0.93	0.68		0.44	AABFX
AAINX	-0.28	0.86	-0.11	0.79	0.71	-0.28	0.44		AAINX
	THLCX	THLIX	THMAX	THMBX	THYFX	AAAGX	AABFX	AAINX

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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

AAAGX	+ 1.0	THLCX
THMAX	+ 0.97	THLCX
AAAGX	+ 0.97	THMAX
AABFX	+ 0.93	THYFX
AAINX	+ 0.86	THLIX
AABFX	+ 0.81	THMAX

High negative correlations

AAINX	- 0.28	AAAGX
AAINX	- 0.28	THLCX
AAINX	- 0.11	THMAX
THMBX	- 0.05	THLCX
AAAGX	- 0.04	THMBX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Partner 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 Partner'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
THLCX	0.70	(0.01)	(0.02)	0.11	0.98	(0.70)	1.28	(1.95)	5.04
THLIX	0.08	0.00	(0.94)	0.01	0.00	(0.12)	0.16	(0.16)	0.65
THMAX	0.36	(0.01)	(0.13)	0.10	0.34	(0.43)	0.73	(0.78)	2.29
THMBX	0.16	0.02	(0.25)	(0.04)	0.25	(0.22)	0.42	(0.31)	1.65
THYFX	0.17	(0.01)	(0.39)	0.06	0.15	(0.22)	0.42	(0.42)	1.14
AAAGX	0.70	(0.01)	(0.02)	0.11	0.95	(0.71)	1.28	(1.96)	5.01
AABFX	0.25	(0.02)	(0.33)	0.06	0.24	(0.27)	0.57	(0.56)	1.41
AAINX	0.13	(0.01)	(0.54)	(0.17)	0.14	(0.18)	0.33	(0.22)	0.99

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