Thrivent Moderately Correlations

Mutual Funds . USA . 
Fund . Thrivent Moderately Aggressive
TMAFX Fund  USD 19.27  0.10  0.52%   
The current 90-days correlation between Thrivent Moderately and Thrivent Partner Worldwide is 0.8 (i.e., Very poor diversification). The correlation of Thrivent Moderately 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 Moderately Correlation With Market

Good diversification

The correlation between Thrivent Moderately Aggressive 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 Moderately Aggressive 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 Moderately Aggressive. 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 price.

Moving together with Thrivent Mutual Fund

  0.94TWAAX Thrivent Partner WorPairCorr
  0.89TWAIX Thrivent Partner WorPairCorr
  0.98THLCX Thrivent Large CapPairCorr
  0.89THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.76THMBX Thrivent High IncomePairCorr
  0.95THYFX Thrivent DiversifiedPairCorr
  0.98AAAGX Thrivent Large CapPairCorr
  0.99AABFX Thrivent Balanced IncomePairCorr
  0.93AAINX Thrivent OpportunityPairCorr
  0.98AAHYX Thrivent DiversifiedPairCorr
  1.0AALGX Thrivent Large CapPairCorr
  0.76AAMBX Thrivent Municipal BondPairCorr
  0.88AASMX Thrivent Small CapPairCorr
  0.97AAUTX Thrivent Large CapPairCorr
  0.94TLVIX Thrivent Large CapPairCorr
  1.0TMAIX Thrivent ModeratePairCorr
  0.99IBBFX Thrivent Balanced IncomePairCorr
  0.76TMBIX Thrivent Municipal BondPairCorr
  1.0TMAAX Thrivent ModeratelyPairCorr
  0.93TMCVX Thrivent Mid CapPairCorr
  0.95LBHYX Thrivent High YieldPairCorr
  0.87LBIIX Thrivent IncomePairCorr
  0.93LBHIX Thrivent High YieldPairCorr
  0.89LBLAX Thrivent Limited MaturityPairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  1.0TAAIX Thrivent AggressivePairCorr
  0.92TSCGX Thrivent Small Cap Potential GrowthPairCorr
  0.83TSCSX Thrivent Small CapPairCorr
  0.89LUBIX Thrivent IncomePairCorr
  0.86TBFAX Thrivent Government BondPairCorr
  0.86TBFIX Thrivent Government BondPairCorr
  0.93IIINX Thrivent OpportunityPairCorr
  1.0IILGX Thrivent Large CapPairCorr
  0.99TCAAX Thrivent ModeratelyPairCorr
  0.99TCAIX Thrivent ModeratelyPairCorr
  0.93FFIFX American FundsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderately 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 Moderately'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TWAAX  0.54  0.08 (0.01) 3.89  0.50 
(0.60)
 1.22 
(0.98)
 3.57 
TWAIX  0.53  0.00 (0.02) 0.10  0.51 
(0.57)
 1.21 
(0.98)
 3.55 
THLCX  0.58  0.16  0.07 (0.73) 0.57 
(0.64)
 1.16 
(1.03)
 3.41 
THLIX  0.08  0.01 (0.88) 1.99  0.00 
(0.15)
 0.32 
(0.08)
 0.56 
THMAX  0.30  0.09 (0.02)(1.04) 0.00 
(0.38)
 0.66 
(0.54)
 1.74 
THMBX  0.20  0.04 (0.24) 10.66  0.00 
(0.38)
 0.56 
(0.22)
 1.09 
THYFX  0.18  0.03 (0.20) 0.21  0.00 
(0.26)
 0.42 
(0.28)
 0.97 
AAAGX  0.58  0.16  0.07 (0.69) 0.58 
(0.64)
 1.16 
(1.05)
 3.41 
AABFX  0.23  0.07 (0.10)(2.15) 0.00 
(0.28)
 0.55 
(0.35)
 1.45 
AAINX  0.13  0.03 (0.41) 7.31  0.00 
(0.19)
 0.22 
(0.22)
 0.78 

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