Thrivent Natural Correlations

TREIX Fund

USD 9.96 0.01 0.10%

The current 90-days correlation between Thrivent Natural Res and Pnc International Growth is 0.07 (i.e., Significant 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 -0.01 (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 census.

Moving together with Thrivent Mutual Fund

0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.76	NHS	Neuberger Berman High	Pair Corr
0.88	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.85	JGECX	Jhancock Global Equity	Pair Corr
0.83	MGPIX	Mid Cap Growth	Pair Corr
0.93	FFBTX	Fidelity Freedom Blend	Pair Corr
0.93	WSCJX	Wells Fargo Small	Pair Corr
0.69	DEVIX	Delaware Small Cap	Pair Corr
0.94	LEPKX	Blackrock Lifepath Esg	Pair Corr
0.87	ASDOX	American Century Short	Pair Corr
0.88	FTQGX	Fidelity Focused Stock	Pair Corr
0.94	FOCKX	Fidelity Otc Portfolio	Pair Corr
0.85	SWSBX	Schwab Short Term	Pair Corr
0.74	TFBVX	Virginia Tax Free	Pair Corr
0.92	GGRYX	Growth Allocation	Pair Corr
0.84	SENAX	Wells Fargo Enterprise	Pair Corr
0.94	FRBVX	Fidelity Freedom Index	Pair Corr
0.88	TRSLX	Transamerica Small Cap	Pair Corr
0.96	FSEAX	Fidelity Emerging Asia	Pair Corr
0.93	FRBYX	Fidelity Freedom Blend	Pair Corr
0.81	HGXSX	Hartford Global Impact	Pair Corr
0.87	WESNX	William Blair Emerging	Pair Corr
0.94	GAOPX	Goldman Sachs Balanced	Pair Corr
0.92	JDWNX	Janus Henderson Global	Pair Corr
0.84	RMBTX	Rmb International	Pair Corr
0.94	LINIX	Blackrock Lifepath Idx	Pair Corr
0.9	THPGX	Thompson Largecap	Pair Corr
0.9	MAGEX	Mfs Growth Allocation	Pair Corr
0.89	FGILX	Fidelity Global Equity	Pair Corr
0.8	RUDAX	Dreyfusthe Boston Pany	Pair Corr

Moving against Thrivent Mutual Fund

0.64

PMF

Pimco Municipal Income

Pair Corr

Related Correlations Analysis

	PIGDX	ASCGX	RYSVX	LANIX	SECAX	NEAIX	GMSMX
PIGDX		0.89	0.79	0.92	0.89	0.86	0.88	PIGDX
ASCGX	0.89		0.84	0.97	0.93	0.97	0.92	ASCGX
RYSVX	0.79	0.84		0.89	0.97	0.85	0.97	RYSVX
LANIX	0.92	0.97	0.89		0.95	0.96	0.95	LANIX
SECAX	0.89	0.93	0.97	0.95		0.93	1.0	SECAX
NEAIX	0.86	0.97	0.85	0.96	0.93		0.92	NEAIX
GMSMX	0.88	0.92	0.97	0.95	1.0	0.92		GMSMX
	PIGDX	ASCGX	RYSVX	LANIX	SECAX	NEAIX	GMSMX

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
PIGDX	0.49	0.02	(0.03)	0.14	0.43	(0.56)	1.16	(0.91)	2.78
ASCGX	0.97	0.08	0.09	0.17	0.99	(1.07)	2.70	(2.08)	6.48
RYSVX	1.03	0.04	0.10	0.13	0.89	(1.20)	3.01	(1.70)	5.90
LANIX	0.40	0.03	(0.01)	0.14	0.24	(0.48)	0.96	(0.56)	2.33
SECAX	0.78	0.03	0.08	0.12	0.63	(0.94)	2.04	(1.33)	4.68
NEAIX	0.91	0.03	0.06	0.13	0.83	(1.07)	2.23	(1.82)	5.09
GMSMX	0.75	0.00	0.04	0.10	0.67	(0.85)	1.82	(1.34)	4.28

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