Thrivent Large Correlations

Mutual Funds . USA . 
Fund . Thrivent Large Cap
AAUTX Fund  USD 31.01  0.01  0.03%   
The current 90-days correlation between Thrivent Large Cap and Fbanjx is -0.14 (i.e., 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 -0.13 (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 estimate.

Moving together with Thrivent Mutual Fund

  0.94TWAAX Thrivent Partner WorPairCorr
  0.94TWAIX Thrivent Partner WorPairCorr
  0.99THLCX Thrivent Large CapPairCorr
  0.92THLIX Thrivent Limited MaturityPairCorr
  0.98THMAX Thrivent ModeratePairCorr
  0.99THYFX Thrivent DiversifiedPairCorr
  0.98AAAGX Thrivent Large CapPairCorr
  0.99AABFX Thrivent Balanced IncomePairCorr
  0.96AAINX Thrivent OpportunityPairCorr
  0.99AAHYX Thrivent DiversifiedPairCorr
  0.99AALGX Thrivent Large CapPairCorr
  0.95AASCX Thrivent Mid CapPairCorr
  0.98AASMX Thrivent Small CapPairCorr
  0.98TLVIX Thrivent Large CapPairCorr
  0.99TMAIX Thrivent ModeratePairCorr
  0.98IBBFX Thrivent Balanced IncomePairCorr
  0.98TMAFX Thrivent ModeratelyPairCorr
  0.99TMAAX Thrivent ModeratelyPairCorr
  0.97TMCVX Thrivent Mid CapPairCorr
  0.94TMCGX Turner Emerging GrowthPairCorr
  0.92TMSIX Thrivent Mid CapPairCorr
  0.98LBHYX Thrivent High YieldPairCorr
  0.86LBIIX Thrivent IncomePairCorr
  0.97LBHIX Thrivent High YieldPairCorr
  0.93LBLAX Thrivent Limited MaturityPairCorr
  0.98TAAAX Thrivent AggressivePairCorr
  0.99TAAIX Thrivent AggressivePairCorr
  0.94TSCGX Thrivent Small CapPairCorr
  0.96TSCSX Thrivent Small CapPairCorr
  0.86LUBIX Thrivent IncomePairCorr
  0.95IIINX Thrivent OpportunityPairCorr
  0.97IILGX Thrivent Large CapPairCorr
  0.98TCAAX Thrivent ModeratelyPairCorr
  0.98TCAIX Thrivent ModeratelyPairCorr

Related Correlations Analysis

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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.

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