Thrivent Large Correlations

THLCX Fund

USD 24.46 0.17 0.70%

The current 90-days correlation between Thrivent Large Cap and Fkhemx is 0.05 (i.e., Significant 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

Average diversification

The correlation between Thrivent Large Cap and DJI is 0.11 (i.e., Average 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 World Market Map 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 world development indicators.

Moving together with Thrivent Mutual Fund

0.75	TWAAX	Thrivent Partner Wor	Pair Corr
0.86	THMAX	Thrivent Moderate	Pair Corr
1.0	AAAGX	Thrivent Large Cap	Pair Corr
0.8	AALGX	Thrivent Large Cap	Pair Corr
0.86	TMAIX	Thrivent Moderate	Pair Corr
0.78	TMAFX	Thrivent Moderately	Pair Corr
0.88	TMAAX	Thrivent Moderately	Pair Corr
0.87	TAAAX	Thrivent Aggressive	Pair Corr
0.78	TAAIX	Thrivent Aggressive	Pair Corr
0.83	TCAAX	Thrivent Moderately	Pair Corr
0.83	TCAIX	Thrivent Moderately	Pair Corr
0.81	VIGAX	Vanguard Growth Index	Pair Corr

Moving against Thrivent Mutual Fund

0.79	USPSX	Profunds Ultrashort	Pair Corr
0.46	TCSUX	Cleartrack 2020 Class	Pair Corr
0.42	TCTGX	Transamerica Cleartrack	Pair Corr
0.42	TDKTX	Cleartrack 2015 Class	Pair Corr
0.42	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	FKHEMX	REMVX	OPTCX	FBANJX	RPBAX	LMUSX
FKHEMX		0.76	0.79	0.96	0.94	0.9	FKHEMX
REMVX	0.76		0.63	0.64	0.68	0.72	REMVX
OPTCX	0.79	0.63		0.83	0.9	0.91	OPTCX
FBANJX	0.96	0.64	0.83		0.97	0.9	FBANJX
RPBAX	0.94	0.68	0.9	0.97		0.94	RPBAX
LMUSX	0.9	0.72	0.91	0.9	0.94		LMUSX
	FKHEMX	REMVX	OPTCX	FBANJX	RPBAX	LMUSX

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
FKHEMX	0.60	(0.03)	(0.04)	0.05	0.84	(0.62)	1.40	(1.51)	3.71
REMVX	0.62	0.11	0.04	1.59	0.71	(0.71)	1.30	(0.83)	4.51
OPTCX	0.17	0.00	(0.26)	0.07	0.09	(0.22)	0.40	(0.30)	0.91
FBANJX	0.46	(0.02)	(0.05)	0.05	0.66	(0.46)	0.96	(1.05)	2.77
RPBAX	0.36	(0.01)	(0.07)	0.06	0.47	(0.34)	0.79	(0.74)	2.07
LMUSX	0.55	(0.01)	(0.02)	0.06	0.82	(0.51)	1.25	(1.38)	3.38

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