Thrivent Small Correlations

Mutual Funds . USA . 
Fund . Thrivent Small Cap
TSCSX Fund  USD 31.65  0.32  1.00%   
The current 90-days correlation between Thrivent Small Cap and Investec Emerging Markets is -0.05 (i.e., Good diversification). The correlation of Thrivent Small 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 Small Correlation With Market

Very poor diversification

The correlation between Thrivent Small Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Small 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 Small 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 state.

Moving together with Thrivent Mutual Fund

  0.91TWAAX Thrivent Partner WorPairCorr
  0.93TWAIX Thrivent Partner WorPairCorr
  0.95THLCX Thrivent Large CapPairCorr
  0.86THLIX Thrivent Limited MaturityPairCorr
  0.96THMAX Thrivent ModeratePairCorr
  0.95AAAGX Thrivent Large CapPairCorr
  0.92AAINX Thrivent OpportunityPairCorr
  0.94AAHYX Thrivent DiversifiedPairCorr
  0.95AALGX Thrivent Large CapPairCorr
  0.94AASCX Thrivent Mid CapPairCorr
  0.96AASMX Thrivent Small CapPairCorr
  0.96AAUTX Thrivent Large CapPairCorr
  0.98TLVIX Thrivent Large CapPairCorr
  0.96TMAIX Thrivent ModeratePairCorr
  0.96TMAFX Thrivent ModeratelyPairCorr
  0.96TMAAX Thrivent ModeratelyPairCorr
  0.99TMCVX Thrivent Mid CapPairCorr
  0.97TMSIX Thrivent Mid CapPairCorr
  0.8LBIIX Thrivent IncomePairCorr
  0.87LBLAX Thrivent Limited MaturityPairCorr
  0.96TAAAX Thrivent AggressivePairCorr
  0.96TAAIX Thrivent AggressivePairCorr
  0.93TSCGX Thrivent Small CapPairCorr
  0.81LUBIX Thrivent IncomePairCorr
  0.97IILGX Thrivent Large CapPairCorr
  0.95TCAAX Thrivent ModeratelyPairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  1.0PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  1.0TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr
  0.87FSMMX Fs Multi StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Small 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 Small'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.

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