Thrivent Small Correlations

Mutual Funds . USA . 
Fund . Thrivent Small Cap
AASMX Fund  USD 22.65  0.17  0.74%   
The current 90-days correlation between Thrivent Small Cap and Fabwx is 0.07 (i.e., Significant diversification). The correlation of Thrivent Small 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 Small Correlation With Market

Good diversification

The correlation between Thrivent Small Cap and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Small 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 population.

Moving together with Thrivent Mutual Fund

  0.94TWAAX Thrivent Partner WorPairCorr
  0.93TWAIX Thrivent Partner WorPairCorr
  0.98THLCX Thrivent Large CapPairCorr
  0.86THLIX Thrivent Limited MaturityPairCorr
  0.98THMAX Thrivent ModeratePairCorr
  0.94THYFX Thrivent DiversifiedPairCorr
  0.98AAAGX Thrivent Large CapPairCorr
  0.97AABFX Thrivent Balanced IncomePairCorr
  0.93AAINX Thrivent OpportunityPairCorr
  0.94AAHYX Thrivent DiversifiedPairCorr
  0.98AALGX Thrivent Large CapPairCorr
  0.98AASCX Thrivent Mid CapPairCorr
  0.98AAUTX Thrivent Large CapPairCorr
  0.96TLVIX Thrivent Large CapPairCorr
  0.98TMAIX Thrivent ModeratePairCorr
  0.95IBBFX Thrivent Balanced IncomePairCorr
  0.98TMAFX Thrivent ModeratelyPairCorr
  0.98TMAAX Thrivent ModeratelyPairCorr
  0.96TMCVX Thrivent Mid CapPairCorr
  0.96TMCGX Turner Emerging GrowthPairCorr
  0.95TMSIX Thrivent Mid CapPairCorr
  0.96LBHYX Thrivent High YieldPairCorr
  0.78LBIIX Thrivent IncomePairCorr
  0.95LBHIX Thrivent High YieldPairCorr
  0.87LBLAX Thrivent Limited MaturityPairCorr
  0.99TAAAX Thrivent AggressivePairCorr
  0.99TAAIX Thrivent AggressivePairCorr
  0.95TSCGX Thrivent Small CapPairCorr
  0.97TSCSX Thrivent Small CapPairCorr
  0.81LUBIX Thrivent IncomePairCorr
  0.9IIINX Thrivent OpportunityPairCorr
  0.98IILGX Thrivent Large CapPairCorr
  0.97TCAAX Thrivent ModeratelyPairCorr
  0.97VSMAX Vanguard Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Small 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 Small'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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