Thrivent Partner Correlations

TWAIX Fund

USD 10.96 0.13 1.20%

The correlation of Thrivent Partner 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 Partner Correlation With Market

Very weak diversification

The correlation between Thrivent Partner Worldwide and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Partner Worldwide 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 Partner Worldwide. 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

1.0	TWAAX	Thrivent Partner Wor	Pair Corr
0.62	AAINX	Thrivent Opportunity	Pair Corr
0.81	TLVOX	Thrivent Low Volatility	Pair Corr
0.73	LBIIX	Thrivent Income	Pair Corr
0.73	LUBIX	Thrivent Income	Pair Corr
0.71	TBFAX	Thrivent Government Bond	Pair Corr
0.71	TBFIX	Thrivent Government Bond	Pair Corr
0.61	IIINX	Thrivent Opportunity	Pair Corr

Moving against Thrivent Mutual Fund

0.55	TMCVX	Thrivent Mid Cap	Pair Corr
0.5	AASMX	Thrivent Small Cap	Pair Corr
0.5	AAUTX	Thrivent Large Cap	Pair Corr
0.5	TLVIX	Thrivent Large Cap	Pair Corr
0.5	TMCGX	Turner Emerging Growth	Pair Corr
0.41	AASCX	Thrivent Mid Cap	Pair Corr
0.41	TMSIX	Thrivent Mid Cap	Pair Corr
0.4	THLCX	Thrivent Large Cap	Pair Corr
0.4	AAAGX	Thrivent Large Cap	Pair Corr
0.34	TMAIX	Thrivent Moderate	Pair Corr
0.33	THMAX	Thrivent Moderate	Pair Corr
0.31	TMAFX	Thrivent Moderately	Pair Corr
0.51	TSCGX	Thrivent Small Cap	Pair Corr
0.5	TSCSX	Thrivent Small Cap	Pair Corr
0.38	TAAAX	Thrivent Aggressive	Pair Corr
0.38	TAAIX	Thrivent Aggressive	Pair Corr

Related Correlations Analysis

	ICAXX	RGVJX	RYAQX	RGVCX	PGIQX	USGFX	GSOSX
ICAXX		0.0	0.0	0.0	0.0	0.0	0.0	ICAXX
RGVJX	0.0		-0.97	1.0	0.99	1.0	1.0	RGVJX
RYAQX	0.0	-0.97		-0.97	-0.98	-0.97	-0.98	RYAQX
RGVCX	0.0	1.0	-0.97		0.99	1.0	1.0	RGVCX
PGIQX	0.0	0.99	-0.98	0.99		0.99	1.0	PGIQX
USGFX	0.0	1.0	-0.97	1.0	0.99		1.0	USGFX
GSOSX	0.0	1.0	-0.98	1.0	1.0	1.0		GSOSX
	ICAXX	RGVJX	RYAQX	RGVCX	PGIQX	USGFX	GSOSX

Click cells to compare fundamentals

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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

RGVCX	+ 1.0	RGVJX
USGFX	+ 1.0	RGVJX
GSOSX	+ 1.0	RGVJX
USGFX	+ 1.0	RGVCX
GSOSX	+ 1.0	RGVCX
GSOSX	+ 1.0	PGIQX

High negative correlations

GSOSX	- 0.98	RYAQX
PGIQX	- 0.98	RYAQX
USGFX	- 0.97	RYAQX
RGVCX	- 0.97	RYAQX
RYAQX	- 0.97	RGVJX
GSOSX	- 0.0	ICAXX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Partner 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 Partner'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
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGVJX	0.24	(0.02)	0.00	0.42	0.00	0.00	0.41	(0.51)	1.24
RYAQX	0.61	0.05	(0.05)	0.37	0.64	(0.72)	1.52	(1.27)	5.23
RGVCX	0.22	(0.02)	0.00	0.39	0.00	0.00	0.34	(0.42)	1.48
PGIQX	0.24	(0.01)	0.00	0.26	0.00	0.00	0.50	(0.64)	1.41
USGFX	0.23	(0.02)	0.00	0.41	0.00	0.00	0.34	(0.42)	1.48
GSOSX	0.22	(0.02)	0.00	0.39	0.00	0.00	0.46	(0.69)	1.40

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