Thrivent Natural Correlations

TREIX Fund

USD 9.79 0.02 0.20%

The current 90-days correlation between Thrivent Natural Res and Virtus Real Estate is -0.01 (i.e., Good diversification). The correlation of Thrivent Natural 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 Natural Correlation With Market

Good diversification

The correlation between Thrivent Natural Resources and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Natural Resources 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 Natural Resources. 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

0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.74	VGTSX	Vanguard Total Inter	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr
0.83	FPXIX	Fidelity Advisor 529	Pair Corr
0.78	GPICX	Guidepath Conservative	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.79	IBM	International Business	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr

Moving against Thrivent Mutual Fund

0.8	PG	Procter Gamble	Pair Corr
0.8	T	ATT Inc	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.6	BA	Boeing	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.52	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	PHRIX	FREAX	FIKMX	RRRZX	JYEBX	RYCRX
PHRIX		0.94	0.7	0.7	0.8	0.42	PHRIX
FREAX	0.94		0.76	0.65	0.89	0.17	FREAX
FIKMX	0.7	0.76		0.75	0.66	0.29	FIKMX
RRRZX	0.7	0.65	0.75		0.57	0.63	RRRZX
JYEBX	0.8	0.89	0.66	0.57		0.07	JYEBX
RYCRX	0.42	0.17	0.29	0.63	0.07		RYCRX
	PHRIX	FREAX	FIKMX	RRRZX	JYEBX	RYCRX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Natural 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 Natural'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
PHRIX	0.60	(0.01)	(0.07)	(0.03)	0.79	(0.66)	1.29	(1.30)	3.84
FREAX	0.61	0.00	(0.05)	0.05	0.77	(0.67)	1.37	(1.18)	3.83
FIKMX	0.17	0.00	(0.15)	0.07	0.14	(0.23)	0.41	(0.41)	1.23
RRRZX	0.58	(0.02)	(0.06)	0.01	0.74	(0.65)	1.23	(1.15)	3.67
JYEBX	0.61	0.03	(0.02)	0.21	0.72	(0.66)	1.47	(1.50)	3.48
RYCRX	0.69	(0.04)	(0.07)	(0.01)	0.88	(0.71)	1.35	(1.29)	5.76

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