Thrivent Large Correlations

IILGX Fund

USD 29.83 2.67 8.22%

The current 90-days correlation between Thrivent Large Cap and Janus Global Select is -0.07 (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

Modest diversification

The correlation between Thrivent Large Cap and DJI is 0.26 (i.e., Modest 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 Risk vs Return Analysis 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 rate.

Moving against Thrivent Mutual Fund

0.39	T	ATT Inc	Pair Corr
0.38	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	JORAX	OPGIX	MSFLX	BIALX	MSFBX	JORRX	PAXWX	ABSZX	FMIMX	INUTX
JORAX		-0.09	0.26	0.08	0.34	0.88	0.04	-0.04	-0.33	0.07	JORAX
OPGIX	-0.09		0.35	0.8	0.41	-0.03	0.57	0.61	0.52	0.08	OPGIX
MSFLX	0.26	0.35		0.06	0.92	0.35	0.04	0.34	0.72	-0.15	MSFLX
BIALX	0.08	0.8	0.06		0.19	0.11	0.78	0.53	0.21	0.35	BIALX
MSFBX	0.34	0.41	0.92	0.19		0.41	0.06	0.35	0.59	-0.17	MSFBX
JORRX	0.88	-0.03	0.35	0.11	0.41		0.07	0.0	-0.22	0.03	JORRX
PAXWX	0.04	0.57	0.04	0.78	0.06	0.07		0.37	0.21	0.43	PAXWX
ABSZX	-0.04	0.61	0.34	0.53	0.35	0.0	0.37		0.6	0.43	ABSZX
FMIMX	-0.33	0.52	0.72	0.21	0.59	-0.22	0.21	0.6		0.09	FMIMX
INUTX	0.07	0.08	-0.15	0.35	-0.17	0.03	0.43	0.43	0.09		INUTX
	JORAX	OPGIX	MSFLX	BIALX	MSFBX	JORRX	PAXWX	ABSZX	FMIMX	INUTX

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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

MSFBX	+ 0.92	MSFLX
JORRX	+ 0.88	JORAX
BIALX	+ 0.8	OPGIX
PAXWX	+ 0.78	BIALX
FMIMX	+ 0.72	MSFLX
ABSZX	+ 0.61	OPGIX

High negative correlations

FMIMX	- 0.33	JORAX
FMIMX	- 0.22	JORRX
INUTX	- 0.17	MSFBX
INUTX	- 0.15	MSFLX
OPGIX	- 0.09	JORAX
ABSZX	- 0.04	JORAX

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
JORAX	0.63	(0.12)	0.00	(0.48)	0.00	0.00	0.93	(1.00)	11.26
OPGIX	0.75	(0.06)	(0.05)	0.01	1.06	(0.77)	1.64	(1.94)	4.29
MSFLX	0.47	(0.09)	0.00	(0.80)	0.00	0.00	0.91	(0.90)	2.82
BIALX	0.53	(0.05)	(0.09)	0.00	0.67	(0.51)	1.01	(1.00)	2.59
MSFBX	0.48	(0.12)	0.00	(0.13)	0.00	0.00	0.90	(0.90)	2.80
JORRX	0.63	(0.18)	0.00	(0.22)	0.00	0.00	0.87	(1.03)	11.54
PAXWX	0.33	0.00	(0.12)	0.08	0.48	(0.31)	0.72	(0.75)	1.92
ABSZX	0.79	(0.14)	0.00	(0.10)	0.00	0.00	1.55	(1.21)	7.88
FMIMX	0.77	(0.02)	0.00	1.34	0.00	0.00	1.80	(1.52)	4.08
INUTX	0.58	(0.02)	0.00	0.30	0.00	0.00	1.05	(1.09)	6.68

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