Thrivent Large Correlations

Mutual Funds . USA . 
Fund . Thrivent Large Cap
IILGX Fund  USD 29.77  0.02  0.07%   
The current 90-days correlation between Thrivent Large Cap and Thrivent Large Cap is 0.91 (i.e., Almost no 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

Very poor diversification

The correlation between Thrivent Large Cap and DJI is 0.89 (i.e., Very poor 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 price.

Moving together with Thrivent Mutual Fund

  0.98TWAAX Thrivent Partner WorPairCorr
  0.98TWAIX Thrivent Partner WorPairCorr
  1.0THLCX Thrivent Large CapPairCorr
  0.91THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.98THYFX Thrivent DiversifiedPairCorr
  1.0AAAGX Thrivent Large CapPairCorr
  0.99AABFX Thrivent Balanced IncomePairCorr
  0.95AAINX Thrivent OpportunityPairCorr
  0.98AAHYX Thrivent DiversifiedPairCorr
  1.0AALGX Thrivent Large CapPairCorr
  0.96AASCX Thrivent Mid CapPairCorr
  0.98AASMX Thrivent Small CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.99TLVIX Thrivent Large CapPairCorr
  1.0TMAIX Thrivent ModeratePairCorr
  0.99IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  1.0TMAAX Thrivent ModeratelyPairCorr
  0.98TMCVX Thrivent Mid CapPairCorr
  0.98TMCGX Turner Emerging GrowthPairCorr
  0.96TMSIX Thrivent Mid CapPairCorr
  0.98LBHYX Thrivent High YieldPairCorr
  0.85LBIIX Thrivent IncomePairCorr
  0.98LBHIX Thrivent High YieldPairCorr
  0.93LBLAX Thrivent Limited MaturityPairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  1.0TAAIX Thrivent AggressivePairCorr
  0.98TSCGX Thrivent Small CapPairCorr
  0.98TSCSX Thrivent Small CapPairCorr
  0.85LUBIX Thrivent IncomePairCorr
  0.94IIINX Thrivent OpportunityPairCorr
  0.99TCAAX Thrivent ModeratelyPairCorr
  0.99TCAIX Thrivent ModeratelyPairCorr

Moving against Thrivent Mutual Fund

  0.99USPSX Profunds UltrashortPairCorr
  0.83TCTGX Transamerica CleartrackPairCorr
  0.82TDKTX Cleartrack 2015 ClassPairCorr
  0.82TCTJX Transamerica CleartrackPairCorr
  0.79TCSUX Cleartrack 2020 ClassPairCorr

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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