Thrivent High Correlations

LBHYX Fund

USD 4.22 0.01 0.24%

The current 90-days correlation between Thrivent High Yield and Ab Bond Inflation is 0.36 (i.e., Weak diversification). The correlation of Thrivent High 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 High Correlation With Market

Very weak diversification

The correlation between Thrivent High Yield and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent High Yield and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Thrivent High Yield. 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 manufacturing.

Moving together with Thrivent Mutual Fund

0.84	TWAAX	Thrivent Partner Wor	Pair Corr
0.84	TWAIX	Thrivent Partner Wor	Pair Corr
0.82	THLIX	Thrivent Limited Maturity	Pair Corr
0.74	THMBX	Thrivent High Income	Pair Corr
0.72	THYFX	Thrivent Diversified	Pair Corr
0.7	AABFX	Thrivent Balanced Income	Pair Corr
0.9	AAINX	Thrivent Opportunity	Pair Corr
0.82	AAHYX	Thrivent Diversified	Pair Corr
0.63	AAMBX	Thrivent Municipal Bond	Pair Corr
0.65	TLVIX	Thrivent Large Cap	Pair Corr
0.63	IBBFX	Thrivent Balanced Income	Pair Corr
0.63	TMBIX	Thrivent Municipal Bond	Pair Corr
0.78	LBIIX	Thrivent Income	Pair Corr
0.99	LBHIX	Thrivent High Yield	Pair Corr
0.82	LBLAX	Thrivent Limited Maturity	Pair Corr
0.72	TBFAX	Thrivent Government Bond	Pair Corr
0.74	TBFIX	Thrivent Government Bond	Pair Corr
0.71	IIINX	Thrivent Opportunity	Pair Corr

Moving against Thrivent Mutual Fund

0.36

TSCSX

Thrivent Small Cap

Pair Corr

Related Correlations Analysis

	ANBIX	FMUUX	GHVIX	FLQTVX	RULFX	DLTNX	MBSAX
ANBIX		0.96	0.88	0.94	0.92	0.97	0.97	ANBIX
FMUUX	0.96		0.87	0.84	0.98	0.9	0.89	FMUUX
GHVIX	0.88	0.87		0.81	0.84	0.81	0.9	GHVIX
FLQTVX	0.94	0.84	0.81		0.78	0.98	0.97	FLQTVX
RULFX	0.92	0.98	0.84	0.78		0.85	0.84	RULFX
DLTNX	0.97	0.9	0.81	0.98	0.85		0.97	DLTNX
MBSAX	0.97	0.89	0.9	0.97	0.84	0.97		MBSAX
	ANBIX	FMUUX	GHVIX	FLQTVX	RULFX	DLTNX	MBSAX

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 High 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 High'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
ANBIX	0.16	0.03	0.41	1.08	0.00	(0.21)	0.38	(0.38)	0.98
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.00	0.10	0.00	0.40
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
FLQTVX	0.12	0.00	0.44	0.05	0.11	(0.12)	0.24	(0.23)	0.77
RULFX	0.05	0.01	0.00	2.78	0.00	0.00	0.10	(0.10)	0.60
DLTNX	0.22	0.03	0.32	0.78	0.13	(0.31)	0.57	(0.34)	1.40
MBSAX	0.18	0.02	0.29	0.16	0.19	(0.21)	0.36	(0.30)	1.34

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