Thrivent Large Correlations

TLVIX Fund

USD 31.36 0.02 0.06%

The current 90-days correlation between Thrivent Large Cap and Angel Oak Financial is 0.08 (i.e., Significant diversification). The correlation of Thrivent Large 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 Large Correlation With Market

Almost no diversification

The correlation between Thrivent Large Cap 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 Large 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 Large 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

0.95	TWAAX	Thrivent Partner Wor	Pair Corr
0.95	TWAIX	Thrivent Partner Wor	Pair Corr
0.98	THLCX	Thrivent Large Cap	Pair Corr
0.93	THLIX	Thrivent Limited Maturity	Pair Corr
0.68	THMAX	Thrivent Moderate	Pair Corr
0.68	THYFX	Thrivent Diversified	Pair Corr
0.98	AAAGX	Thrivent Large Cap	Pair Corr
0.99	AABFX	Thrivent Balanced Income	Pair Corr
0.97	AAINX	Thrivent Opportunity	Pair Corr
0.67	AAHYX	Thrivent Diversified	Pair Corr
0.99	AALGX	Thrivent Large Cap	Pair Corr
0.65	AASCX	Thrivent Mid Cap	Pair Corr
0.98	AASMX	Thrivent Small Cap	Pair Corr
1.0	AAUTX	Thrivent Large Cap	Pair Corr
0.99	TMAIX	Thrivent Moderate	Pair Corr
0.99	IBBFX	Thrivent Balanced Income	Pair Corr
0.99	TMAFX	Thrivent Moderately	Pair Corr
0.99	TMAAX	Thrivent Moderately	Pair Corr
0.66	TMCVX	Thrivent Mid Cap	Pair Corr
0.95	TMSIX	Thrivent Mid Cap	Pair Corr
0.7	LBHYX	Thrivent High Yield	Pair Corr
0.87	LBIIX	Thrivent Income	Pair Corr
0.98	LBHIX	Thrivent High Yield	Pair Corr
0.99	TAAAX	Thrivent Aggressive	Pair Corr
0.99	TAAIX	Thrivent Aggressive	Pair Corr
0.72	TSCGX	Thrivent Small Cap	Pair Corr
0.98	TSCSX	Thrivent Small Cap	Pair Corr
0.87	LUBIX	Thrivent Income	Pair Corr
0.96	IIINX	Thrivent Opportunity	Pair Corr
0.7	IILGX	Thrivent Large Cap	Pair Corr
0.99	TCAAX	Thrivent Moderately	Pair Corr
0.99	TCAIX	Thrivent Moderately	Pair Corr
1.0	VVIAX	Vanguard Value Index	Pair Corr
0.99	DOXGX	Dodge Cox Stock	Pair Corr
0.99	AFMFX	American Mutual	Pair Corr

Related Correlations Analysis

	XFINX	VFAIX	SBFAX	FIKBX	PSSRX	MCBXX	GCFSX	FIDAX
XFINX		-0.45	-0.4	-0.45	-0.42	-0.31	-0.52	-0.43	XFINX
VFAIX	-0.45		0.99	1.0	1.0	0.77	0.98	0.99	VFAIX
SBFAX	-0.4	0.99		0.99	0.98	0.72	0.96	0.98	SBFAX
FIKBX	-0.45	1.0	0.99		1.0	0.78	0.99	0.99	FIKBX
PSSRX	-0.42	1.0	0.98	1.0		0.8	0.97	0.99	PSSRX
MCBXX	-0.31	0.77	0.72	0.78	0.8		0.74	0.81	MCBXX
GCFSX	-0.52	0.98	0.96	0.99	0.97	0.74		0.96	GCFSX
FIDAX	-0.43	0.99	0.98	0.99	0.99	0.81	0.96		FIDAX
	XFINX	VFAIX	SBFAX	FIKBX	PSSRX	MCBXX	GCFSX	FIDAX

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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

FIKBX	+ 1.0	VFAIX
PSSRX	+ 1.0	VFAIX
PSSRX	+ 1.0	FIKBX
SBFAX	+ 0.99	VFAIX
FIDAX	+ 0.99	VFAIX
FIKBX	+ 0.99	SBFAX

High negative correlations

GCFSX	- 0.52	XFINX
FIKBX	- 0.45	XFINX
VFAIX	- 0.45	XFINX
FIDAX	- 0.43	XFINX
PSSRX	- 0.42	XFINX
SBFAX	- 0.4	XFINX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Large 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 Large'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
XFINX	0.41	(0.03)	0.00	2.26	0.00	0.00	0.77	(1.41)	4.64
VFAIX	0.75	0.07	0.07	0.20	0.74	(0.79)	1.92	(1.77)	5.62
SBFAX	0.67	0.03	0.01	0.16	0.69	(0.76)	1.87	(1.79)	5.39
FIKBX	0.80	0.12	0.11	0.25	0.71	(0.87)	2.01	(1.79)	5.93
PSSRX	0.78	0.09	0.09	0.21	0.75	(0.88)	2.07	(1.54)	6.05
MCBXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
GCFSX	0.65	0.19	0.17	0.41	0.35	(0.78)	1.94	(1.19)	3.94
FIDAX	0.72	0.08	0.07	0.22	0.73	(0.78)	1.86	(1.82)	5.18

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