Thrivent Aggressive Correlations

Mutual Funds . USA . 
Fund . Thrivent Aggressive Allocation
TAAIX Fund  USD 20.12  0.01  0.05%   
The current 90-days correlation between Thrivent Aggressive and Thrivent Moderately Aggressive is 1.0 (i.e., No risk reduction). The correlation of Thrivent Aggressive 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 Aggressive Correlation With Market

Almost no diversification

The correlation between Thrivent Aggressive Allocation and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Aggressive 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 Aggressive 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
  0.97TWAIX Thrivent Partner WorPairCorr
  1.0THLCX Thrivent Large CapPairCorr
  0.91THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.98THYFX Thrivent DiversifiedPairCorr
  1.0AAAGX Thrivent Large CapPairCorr
  0.99AABFX Thrivent Balanced IncomePairCorr
  0.95AAINX Thrivent OpportunityPairCorr
  0.98AAHYX Thrivent DiversifiedPairCorr
  1.0AALGX Thrivent Large CapPairCorr
  0.97AASCX Thrivent Mid CapPairCorr
  0.99AASMX Thrivent Small CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.99TLVIX Thrivent Large CapPairCorr
  1.0TMAIX Thrivent ModeratePairCorr
  0.99IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  1.0TMAAX Thrivent ModeratelyPairCorr
  0.99TMCVX Thrivent Mid CapPairCorr
  0.99TMCGX Turner Emerging GrowthPairCorr
  0.97TMSIX Thrivent Mid CapPairCorr
  0.98LBHYX Thrivent High YieldPairCorr
  0.84LBIIX Thrivent IncomePairCorr
  0.98LBHIX Thrivent High YieldPairCorr
  0.92LBLAX Thrivent Limited MaturityPairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  0.98TSCGX Thrivent Small CapPairCorr
  0.99TSCSX Thrivent Small CapPairCorr
  0.85LUBIX Thrivent IncomePairCorr
  0.94IIINX Thrivent OpportunityPairCorr
  1.0IILGX Thrivent Large CapPairCorr
  0.99TCAAX Thrivent ModeratelyPairCorr
  0.99TCAIX Thrivent ModeratelyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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