Thrivent Moderate Correlations

Mutual Funds . USA . 
Fund . Thrivent Moderate Allocation
TMAIX Fund  USD 16.46  0.01  0.06%   
The current 90-days correlation between Thrivent Moderate and Thrivent Partner Worldwide is 0.63 (i.e., Poor diversification). The correlation of Thrivent Moderate 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 Moderate Correlation With Market

Almost no diversification

The correlation between Thrivent Moderate 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 Moderate 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 Moderate 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

  0.96TWAAX Thrivent Partner WorPairCorr
  0.78TWAIX Thrivent Partner WorPairCorr
  0.93THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.99THYFX Thrivent DiversifiedPairCorr
  0.75AAAGX Thrivent Large CapPairCorr
  1.0AABFX Thrivent Balanced IncomePairCorr
  0.96AAINX Thrivent OpportunityPairCorr
  0.99AAHYX Thrivent DiversifiedPairCorr
  1.0AALGX Thrivent Large CapPairCorr
  0.96AASCX Thrivent Mid CapPairCorr
  0.98AASMX Thrivent Small CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.99TLVIX Thrivent Large CapPairCorr
  1.0IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  1.0TMAAX Thrivent ModeratelyPairCorr
  0.99TMCVX Thrivent Mid CapPairCorr
  0.98TMCGX Turner Emerging GrowthPairCorr
  0.96TMSIX Thrivent Mid CapPairCorr
  0.99LBHYX Thrivent High YieldPairCorr
  0.87LBIIX Thrivent IncomePairCorr
  0.77LBHIX Thrivent High YieldPairCorr
  0.94LBLAX Thrivent Limited MaturityPairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  1.0TAAIX Thrivent AggressivePairCorr
  0.97TSCGX Thrivent Small CapPairCorr
  0.98TSCSX Thrivent Small CapPairCorr
  0.87LUBIX Thrivent IncomePairCorr
  0.96IIINX Thrivent OpportunityPairCorr
  1.0IILGX Thrivent Large CapPairCorr
  1.0TCAAX Thrivent ModeratelyPairCorr
  1.0TCAIX Thrivent ModeratelyPairCorr
  0.76FBONX American Funds AmericanPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderate 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 Moderate'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  0.50  0.13  0.08  0.48  0.32 
(0.57)
 1.26 
(0.98)
 3.28 
TWAIX  0.49  0.19  0.06 (1.87) 0.34 
(0.55)
 1.34 
(1.06)
 3.09 
THLCX  0.78  0.41  0.40  9.20  0.00 
(1.01)
 2.50 
(0.96)
 5.96 
THLIX  0.09  0.02 (0.99) 1.86  0.00 
(0.15)
 0.24 
(0.16)
 0.65 
THMAX  0.42  0.07  0.03  0.26  0.28 
(0.48)
 1.35 
(0.81)
 3.17 
THMBX  0.20 (0.03) 0.00 (0.32) 0.00 
 0.00 
 0.44 
(0.44)
 1.42 
THYFX  0.22  0.04 (0.17) 0.29  0.00 
(0.31)
 0.59 
(0.29)
 1.46 
AAAGX  0.78  0.41  0.39  9.97  0.00 
(1.02)
 2.48 
(0.94)
 5.97 
AABFX  0.28  0.05 (0.06) 0.27  0.00 
(0.32)
 0.99 
(0.49)
 1.98 
AAINX  0.16  0.03 (0.41) 0.42  0.00 
(0.20)
 0.34 
(0.22)
 0.77 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY