Thrivent Small Correlations

Mutual Funds . USA . 
Fund . Thrivent Small Cap
TSCSX Fund  USD 31.27  0.23  0.73%   
The current 90-days correlation between Thrivent Small Cap and Thrivent Partner Worldwide is 0.57 (i.e., Very weak diversification). The correlation of Thrivent Small 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 Small Correlation With Market

Very poor diversification

The correlation between Thrivent Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Small 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 Small 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 state.

Moving together with Thrivent Mutual Fund

  0.94TWAAX Thrivent Partner WorPairCorr
  0.94TWAIX Thrivent Partner WorPairCorr
  0.98THLCX Thrivent Large CapPairCorr
  0.87THLIX Thrivent Limited MaturityPairCorr
  0.98THMAX Thrivent ModeratePairCorr
  0.96THYFX Thrivent DiversifiedPairCorr
  0.98AAAGX Thrivent Large CapPairCorr
  0.97AABFX Thrivent Balanced IncomePairCorr
  0.93AAINX Thrivent OpportunityPairCorr
  0.96AAHYX Thrivent DiversifiedPairCorr
  0.98AALGX Thrivent Large CapPairCorr
  0.98AASCX Thrivent Mid CapPairCorr
  1.0AASMX Thrivent Small CapPairCorr
  0.98AAUTX Thrivent Large CapPairCorr
  0.98TLVIX Thrivent Large CapPairCorr
  0.98TMAIX Thrivent ModeratePairCorr
  0.97IBBFX Thrivent Balanced IncomePairCorr
  0.98TMAFX Thrivent ModeratelyPairCorr
  0.98TMAAX Thrivent ModeratelyPairCorr
  0.99TMCVX Thrivent Mid CapPairCorr
  0.98TMCGX Turner Emerging GrowthPairCorr
  0.98TMSIX Thrivent Mid CapPairCorr
  0.96LBHYX Thrivent High YieldPairCorr
  0.81LBIIX Thrivent IncomePairCorr
  0.96LBHIX Thrivent High YieldPairCorr
  0.88LBLAX Thrivent Limited MaturityPairCorr
  0.99TAAAX Thrivent AggressivePairCorr
  0.99TAAIX Thrivent AggressivePairCorr
  0.98TSCGX Thrivent Small CapPairCorr
  0.81LUBIX Thrivent IncomePairCorr
  0.92IIINX Thrivent OpportunityPairCorr
  0.98IILGX Thrivent Large CapPairCorr
  0.97TCAAX Thrivent ModeratelyPairCorr
  0.97TCAIX 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 Small 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 Small'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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