Thrivent Partner Correlations

Mutual Funds . USA . 
Fund . Thrivent Partner Worldwide
TWAIX Fund  USD 13.07  0.16  1.24%   
The current 90-days correlation between Thrivent Partner Wor and Crossmark Steward Equity is 0.12 (i.e., Average diversification). The correlation of Thrivent Partner 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 Partner Correlation With Market

Poor diversification

The correlation between Thrivent Partner Worldwide and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Partner Worldwide 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 Partner Worldwide. 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

  0.93TWAAX Thrivent Partner WorPairCorr
  0.84THLCX Thrivent Large CapPairCorr
  0.78THLIX Thrivent Limited MaturityPairCorr
  0.86THMAX Thrivent ModeratePairCorr
  0.74THMBX Thrivent High IncomePairCorr
  0.74THYFX Thrivent DiversifiedPairCorr
  0.84AAAGX Thrivent Large CapPairCorr
  0.88AAINX Thrivent OpportunityPairCorr
  0.9AAHYX Thrivent DiversifiedPairCorr
  0.95AALGX Thrivent Large CapPairCorr
  0.72AAMBX Thrivent Municipal BondPairCorr
  0.83AAUTX Thrivent Large CapPairCorr
  0.74TLVIX Thrivent Large CapPairCorr
  0.86TMAIX Thrivent ModeratePairCorr
  0.77IBBFX Thrivent Balanced IncomePairCorr
  0.8TMBIX Thrivent Municipal BondPairCorr
  0.87TMAFX Thrivent ModeratelyPairCorr
  0.87TMAAX Thrivent ModeratelyPairCorr
  0.68LBIIX Thrivent IncomePairCorr
  0.61LBLAX Thrivent Limited MaturityPairCorr
  0.87TAAAX Thrivent AggressivePairCorr
  0.87TAAIX Thrivent AggressivePairCorr
  0.68LUBIX Thrivent IncomePairCorr
  0.64TBFAX Thrivent Government BondPairCorr
  0.78TBFIX Thrivent Government BondPairCorr
  0.87IIINX Thrivent OpportunityPairCorr
  0.95IILGX Thrivent Large CapPairCorr
  0.86TCAAX Thrivent ModeratelyPairCorr
  0.92TCAIX Thrivent ModeratelyPairCorr
  0.91VGTSX Vanguard Total InterPairCorr

Moving against Thrivent Mutual Fund

  0.31TREMX T Rowe PricePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Partner 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 Partner'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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