Thrivent Natural Correlations

TREIX Fund  USD 9.86  0.01  0.10%   
The current 90-days correlation between Thrivent Natural Res and Jennison Natural Resources is 0.18 (i.e., Average diversification). The correlation of Thrivent Natural 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent Natural Resources. 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 gross domestic product.

Moving together with Thrivent Mutual Fund

  0.93VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.7NHS Neuberger Berman HighPairCorr
  0.9PFE Pfizer IncPairCorr
  0.64XOM Exxon Mobil CorpPairCorr
  0.79AA Alcoa CorpPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.94CSCO Cisco SystemsPairCorr
  0.93IBM International Business Earnings Call This WeekPairCorr
  0.89DIS Walt DisneyPairCorr
  0.86CVX Chevron CorpPairCorr
  0.94CAT CaterpillarPairCorr
  0.85BA BoeingPairCorr
  0.94MSFT MicrosoftPairCorr

Moving against Thrivent Mutual Fund

  0.53KO Coca Cola Earnings Call This WeekPairCorr
  0.47VZ Verizon Communications Earnings Call TomorrowPairCorr

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 Natural 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 Natural'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.