Thrivent Large Correlations

AAAGX Fund

USD 19.24 0.20 1.05%

The current 90-days correlation between Thrivent Large Cap and Prudential Real Estate is -0.32 (i.e., Very good diversification). The correlation of Thrivent Large 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 Large Correlation With Market

Good diversification

The correlation between Thrivent Large Cap and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Large 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 price.

Moving together with Thrivent Mutual Fund

1.0	FAFGX	American Funds	Pair Corr
1.0	FFAFX	American Funds	Pair Corr
1.0	GFACX	Growth Fund	Pair Corr
1.0	GFAFX	Growth Fund	Pair Corr
1.0	AGTHX	Growth Fund	Pair Corr
1.0	CGFFX	Growth Fund	Pair Corr
1.0	CGFCX	Growth Fund	Pair Corr
1.0	CGFAX	Growth Fund	Pair Corr
1.0	CGFEX	Growth Fund	Pair Corr
1.0	RGAEX	Growth Fund	Pair Corr
0.95	ERH	Allspring Utilities And	Pair Corr
0.96	WHIYX	Ivy High Income	Pair Corr
0.95	IVHIX	Ivy High Income	Pair Corr
0.95	IHIFX	Ivy High Income	Pair Corr
0.96	WRHIX	Ivy High Income	Pair Corr
0.96	WHIAX	Ivy High Income	Pair Corr
0.85	CSJZX	Cohen Steers Realty	Pair Corr
0.83	CSRSX	Cohen Steers Realty	Pair Corr
0.84	HERSX	Hartford Emerging Markets	Pair Corr
0.69	AISTX	Limited Duration	Pair Corr
0.85	RRSVX	Rbc Small Cap	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.69	INTC	Intel	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.8	JPM	JPMorgan Chase	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.8	AXP	American Express	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.86	MMM	3M Company	Pair Corr

Moving against Thrivent Mutual Fund

0.32

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	PJEAX	CREMX	FORFX	ARYVX	CNREX	XPGZX	DNREX
PJEAX		0.69	0.73	0.98	0.91	0.91	0.96	PJEAX
CREMX	0.69		0.97	0.75	0.78	0.56	0.82	CREMX
FORFX	0.73	0.97		0.77	0.8	0.67	0.86	FORFX
ARYVX	0.98	0.75	0.77		0.92	0.88	0.96	ARYVX
CNREX	0.91	0.78	0.8	0.92		0.78	0.93	CNREX
XPGZX	0.91	0.56	0.67	0.88	0.78		0.88	XPGZX
DNREX	0.96	0.82	0.86	0.96	0.93	0.88		DNREX
	PJEAX	CREMX	FORFX	ARYVX	CNREX	XPGZX	DNREX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Large 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 Large'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
PJEAX	0.94	(0.07)	(0.05)	0.01	1.73	(0.82)	1.79	(2.72)	9.40
CREMX	0.02	0.02	0.00	8.72	0.00	0.00	0.08	0.00	0.16
FORFX	0.07	0.03	0.00	12.57	0.00	0.00	0.11	(0.11)	0.32
ARYVX	0.81	(0.03)	(0.04)	0.06	1.53	(0.71)	1.46	(2.12)	7.64
CNREX	0.96	0.02	0.00	0.13	1.40	(0.92)	1.68	(2.37)	8.29
XPGZX	0.39	(0.03)	0.00	(0.06)	0.00	0.00	0.62	(0.99)	2.89
DNREX	1.08	(0.02)	(0.01)	0.08	1.84	(1.03)	1.88	(3.15)	10.43

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