Thrivent Large Correlations

AAUTX Fund

USD 33.18 0.05 0.15%

The current 90-days correlation between Thrivent Large Cap and Dodge Cox Stock is 0.92 (i.e., Almost no diversification). The correlation of Thrivent Large 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 Large Correlation With Market

Almost no diversification

The correlation between Thrivent Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Large 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 Large 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 estimate.

Moving together with Thrivent Mutual Fund

0.94	THLCX	Thrivent Large Cap	Pair Corr
0.96	THMAX	Thrivent Moderate	Pair Corr
0.94	AAAGX	Thrivent Large Cap	Pair Corr
0.66	AABFX	Thrivent Balanced Income	Pair Corr
0.91	AALGX	Thrivent Large Cap	Pair Corr
0.97	AASCX	Thrivent Mid Cap	Pair Corr
0.96	AASMX	Thrivent Small Cap	Pair Corr
1.0	TLVIX	Thrivent Large Cap	Pair Corr
0.96	TMAIX	Thrivent Moderate	Pair Corr
0.68	IBBFX	Thrivent Balanced Income	Pair Corr
0.96	TMAFX	Thrivent Moderately	Pair Corr
0.96	TMAAX	Thrivent Moderately	Pair Corr
0.99	TMCVX	Thrivent Mid Cap	Pair Corr
0.98	TMCGX	Turner Emerging Growth	Pair Corr
0.98	TMSIX	Thrivent Mid Cap	Pair Corr
0.7	LBHYX	Thrivent High Yield	Pair Corr
0.69	LBHIX	Thrivent High Yield	Pair Corr
0.98	TAAAX	Thrivent Aggressive	Pair Corr
0.98	TAAIX	Thrivent Aggressive	Pair Corr
0.95	TSCGX	Thrivent Small Cap	Pair Corr
0.96	TSCSX	Thrivent Small Cap	Pair Corr
0.91	IILGX	Thrivent Large Cap	Pair Corr

Moving against Thrivent Mutual Fund

0.64	TLVOX	Thrivent Low Volatility	Pair Corr
0.51	TWAAX	Thrivent Partner Wor	Pair Corr
0.5	TWAIX	Thrivent Partner Wor	Pair Corr
0.35	AAINX	Thrivent Opportunity	Pair Corr
0.76	TBFAX	Thrivent Government Bond	Pair Corr
0.75	TBFIX	Thrivent Government Bond	Pair Corr
0.62	LUBIX	Thrivent Income	Pair Corr
0.61	LBIIX	Thrivent Income	Pair Corr

Related Correlations Analysis

	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX
DOXGX		0.87	0.87	0.87	0.87	0.87	0.86	1.0	0.95	DOXGX
AFMFX	0.87		1.0	1.0	1.0	1.0	1.0	0.87	0.96	AFMFX
FFMMX	0.87	1.0		1.0	1.0	1.0	1.0	0.87	0.96	FFMMX
FFFMX	0.87	1.0	1.0		1.0	1.0	1.0	0.87	0.96	FFFMX
AMRMX	0.87	1.0	1.0	1.0		1.0	1.0	0.87	0.96	AMRMX
AMFFX	0.87	1.0	1.0	1.0	1.0		1.0	0.87	0.95	AMFFX
AMFCX	0.86	1.0	1.0	1.0	1.0	1.0		0.86	0.95	AMFCX
DODGX	1.0	0.87	0.87	0.87	0.87	0.87	0.86		0.95	DODGX
VIVAX	0.95	0.96	0.96	0.96	0.96	0.95	0.95	0.95		VIVAX
	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Large 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 Large'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DOXGX	0.52	(0.01)	(0.05)	0.10	0.44	(0.59)	0.94	(0.93)	4.22
AFMFX	0.46	(0.02)	(0.11)	0.09	0.43	(0.52)	0.90	(0.86)	2.68
FFMMX	0.46	(0.02)	(0.11)	0.09	0.43	(0.52)	0.90	(0.86)	2.66
FFFMX	0.45	(0.02)	(0.11)	0.09	0.42	(0.52)	0.90	(0.86)	2.68
AMRMX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.91	(0.86)	2.66
AMFFX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.90	(0.86)	2.68
AMFCX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.90	(0.88)	2.68
DODGX	0.52	(0.01)	(0.05)	0.10	0.44	(0.59)	0.94	(0.94)	4.22
VIVAX	0.51	0.00	(0.05)	0.11	0.39	(0.62)	1.05	(0.83)	3.45

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