Thrivent Moderately Correlations

TCAIX Fund

USD 13.45 0.04 0.30%

The current 90-days correlation between Thrivent Moderately and Shelton Emerging Markets is 0.04 (i.e., Significant 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

Poor diversification

The correlation between Thrivent Moderately Servative and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Moderately Servative 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 Servative. 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

0.75	THLCX	Thrivent Large Cap	Pair Corr
0.83	THMAX	Thrivent Moderate	Pair Corr
0.62	THMBX	Thrivent High Income	Pair Corr
0.9	THYFX	Thrivent Diversified	Pair Corr
0.75	AAAGX	Thrivent Large Cap	Pair Corr
0.93	AABFX	Thrivent Balanced Income	Pair Corr
0.89	AAHYX	Thrivent Diversified	Pair Corr
0.88	AALGX	Thrivent Large Cap	Pair Corr
0.82	AASCX	Thrivent Mid Cap	Pair Corr
0.77	AASMX	Thrivent Small Cap	Pair Corr
0.71	AAUTX	Thrivent Large Cap	Pair Corr
0.71	TLVIX	Thrivent Large Cap	Pair Corr
0.88	TMAIX	Thrivent Moderate	Pair Corr
0.93	IBBFX	Thrivent Balanced Income	Pair Corr
0.82	TMAFX	Thrivent Moderately	Pair Corr
0.82	TMAAX	Thrivent Moderately	Pair Corr
0.7	TMCVX	Thrivent Mid Cap	Pair Corr
0.77	TMCGX	Turner Emerging Growth	Pair Corr
0.82	TMSIX	Thrivent Mid Cap	Pair Corr
0.8	LBHYX	Thrivent High Yield	Pair Corr
0.8	LBHIX	Thrivent High Yield	Pair Corr
0.83	TAAAX	Thrivent Aggressive	Pair Corr
0.79	TAAIX	Thrivent Aggressive	Pair Corr
0.8	TSCGX	Thrivent Small Cap	Pair Corr
0.77	TSCSX	Thrivent Small Cap	Pair Corr
0.88	IILGX	Thrivent Large Cap	Pair Corr
0.93	TCAAX	Thrivent Moderately	Pair Corr

Related Correlations Analysis

	EMSLX	RYAHX	IJPTX	EMCIX	ZEMIX	SMQFX	RYCCX
EMSLX		-0.24	0.9	0.47	0.89	0.9	-0.13	EMSLX
RYAHX	-0.24		-0.2	0.33	0.13	0.08	0.91	RYAHX
IJPTX	0.9	-0.2		0.54	0.85	0.9	-0.04	IJPTX
EMCIX	0.47	0.33	0.54		0.64	0.67	0.4	EMCIX
ZEMIX	0.89	0.13	0.85	0.64		0.98	0.27	ZEMIX
SMQFX	0.9	0.08	0.9	0.67	0.98		0.22	SMQFX
RYCCX	-0.13	0.91	-0.04	0.4	0.27	0.22		RYCCX
	EMSLX	RYAHX	IJPTX	EMCIX	ZEMIX	SMQFX	RYCCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SMQFX	+ 0.98	ZEMIX
RYCCX	+ 0.91	RYAHX
IJPTX	+ 0.9	EMSLX
SMQFX	+ 0.9	EMSLX
SMQFX	+ 0.9	IJPTX
ZEMIX	+ 0.89	EMSLX

High negative correlations

RYAHX	- 0.24	EMSLX
IJPTX	- 0.2	RYAHX
RYCCX	- 0.13	EMSLX
RYCCX	- 0.04	IJPTX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMSLX	0.76	0.01	(0.09)	0.32	1.06	(0.80)	1.76	(1.08)	6.36
RYAHX	1.00	0.04	0.11	0.14	0.70	(1.12)	2.49	(1.53)	7.83
IJPTX	0.66	0.01	(0.09)	0.14	0.72	(0.71)	1.33	(1.15)	4.37
EMCIX	0.17	0.02	(0.45)	(0.56)	0.00	(0.30)	0.52	(0.18)	0.88
ZEMIX	0.68	0.06	(0.05)	5.50	0.94	(0.68)	1.48	(1.96)	4.38
SMQFX	0.55	0.08	(0.04)	8.35	0.63	(0.59)	1.27	(1.18)	3.52
RYCCX	1.40	0.20	0.13	0.24	1.52	(1.47)	3.08	(2.89)	10.29

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