Thrivent Moderately Correlations

Mutual Funds . USA . 
Fund . Thrivent Moderately Aggressive
TMAFX Fund  USD 18.43  0.09  0.49%   
The current 90-days correlation between Thrivent Moderately and Thrivent Partner Worldwide is 0.66 (i.e., Poor diversification). The correlation of Thrivent Moderately 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 Moderately Correlation With Market

Almost no diversification

The correlation between Thrivent Moderately Aggressive and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Moderately Aggressive 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 Moderately Aggressive. 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 census.

Moving together with Thrivent Mutual Fund

  0.97TWAAX Thrivent Partner WorPairCorr
  0.97TWAIX Thrivent Partner WorPairCorr
  1.0THLCX Thrivent Large CapPairCorr
  0.92THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.98THYFX Thrivent DiversifiedPairCorr
  1.0AAAGX Thrivent Large CapPairCorr
  1.0AABFX Thrivent Balanced IncomePairCorr
  0.96AAINX 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
  1.0IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAAX Thrivent ModeratelyPairCorr
  0.99TMCVX Thrivent Mid CapPairCorr
  0.98TMCGX Turner Emerging GrowthPairCorr
  0.96TMSIX Thrivent Mid CapPairCorr
  0.99LBHYX 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
  0.86LUBIX Thrivent IncomePairCorr
  0.95IIINX Thrivent OpportunityPairCorr
  1.0IILGX Thrivent Large CapPairCorr
  0.99TCAAX Thrivent ModeratelyPairCorr
  0.99TCAIX Thrivent ModeratelyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderately 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 Moderately'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TWAAX  0.50  0.13  0.08  0.48  0.32 
(0.57)
 1.26 
(0.98)
 3.28 
TWAIX  0.49  0.14  0.08  0.49  0.32 
(0.57)
 1.34 
(1.06)
 3.09 
THLCX  0.84  0.17  0.17  0.29  0.66 
(1.01)
 2.50 
(1.31)
 5.96 
THLIX  0.09  0.02 (0.99) 1.86  0.00 
(0.15)
 0.24 
(0.16)
 0.65 
THMAX  0.42  0.07  0.03  0.26  0.28 
(0.48)
 1.35 
(0.81)
 3.17 
THMBX  0.20 (0.03) 0.00 (0.32) 0.00 
 0.00 
 0.44 
(0.44)
 1.42 
THYFX  0.22  0.04 (0.17) 0.29  0.00 
(0.31)
 0.59 
(0.29)
 1.46 
AAAGX  0.85  0.17  0.16  0.29  0.66 
(1.02)
 2.48 
(1.36)
 5.97 
AABFX  0.28  0.05 (0.06) 0.27  0.00 
(0.32)
 0.99 
(0.49)
 1.98 
AAINX  0.16  0.03 (0.41) 0.42  0.00 
(0.20)
 0.34 
(0.22)
 0.77 

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