Thrivent Small Correlations

Mutual Funds . USA . 
Fund . Thrivent Small Cap
AASMX Fund  USD 21.37  0.14  0.65%   
The current 90-days correlation between Thrivent Small Cap and Us Government Securities is 0.22 (i.e., Modest 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

Poor diversification

The correlation between Thrivent Small Cap and DJI is 0.72 (i.e., 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 Trending Equities 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 population.

Moving together with Thrivent Mutual Fund

  0.94THLCX Thrivent Large CapPairCorr
  0.78THMAX Thrivent ModeratePairCorr
  0.94AAAGX Thrivent Large CapPairCorr
  0.96AASCX Thrivent Mid CapPairCorr
  0.77TMAIX Thrivent ModeratePairCorr
  0.78TMAFX Thrivent ModeratelyPairCorr
  0.79TMAAX Thrivent ModeratelyPairCorr
  0.91TMCVX Thrivent Mid CapPairCorr
  0.95TMCGX Turner Emerging GrowthPairCorr
  0.96TMSIX Thrivent Mid CapPairCorr
  0.86TAAAX Thrivent AggressivePairCorr
  0.86TAAIX Thrivent AggressivePairCorr
  0.99TSCGX Thrivent Small CapPairCorr
  1.0TSCSX Thrivent Small CapPairCorr

Moving against Thrivent Mutual Fund

  0.8THLIX Thrivent Limited MaturityPairCorr
  0.67LBIIX Thrivent IncomePairCorr
  0.63AAINX Thrivent OpportunityPairCorr
  0.61TWAAX Thrivent Partner WorPairCorr
  0.61TWAIX Thrivent Partner WorPairCorr
  0.36LBHYX Thrivent High YieldPairCorr
  0.32THMBX Thrivent High IncomePairCorr
  0.89GAAVX Gmo Alternative AlloPairCorr
  0.8LBLAX Thrivent Limited MaturityPairCorr
  0.78TBFAX Thrivent Government BondPairCorr
  0.78TBFIX Thrivent Government BondPairCorr
  0.73GABFX Gmo Asset AllocationPairCorr
  0.69LUBIX Thrivent IncomePairCorr
  0.62IIINX Thrivent OpportunityPairCorr
  0.37LBHIX Thrivent High YieldPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY