Thrivent Limited Correlations
| LBLAX Fund | USD 12.41 0.00 0.00% |
The current 90-days correlation between Thrivent Limited Maturity and Ab Small Cap is -0.09 (i.e., Good diversification). The correlation of Thrivent Limited 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 Limited Correlation With Market
Significant diversification
The correlation between Thrivent Limited Maturity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Limited Maturity and DJI in the same portfolio, assuming nothing else is changed.
Thrivent |
Moving together with Thrivent Mutual Fund
| 0.99 | THLIX | Thrivent Limited Maturity | PairCorr |
| 0.74 | THMBX | Thrivent High Income | PairCorr |
| 0.7 | THYFX | Thrivent Diversified | PairCorr |
| 0.88 | AAINX | Thrivent Opportunity | PairCorr |
| 0.68 | AAHYX | Thrivent Diversified | PairCorr |
| 0.78 | AAMBX | Thrivent Municipal Bond | PairCorr |
| 0.74 | TMBIX | Thrivent Municipal Bond | PairCorr |
| 0.67 | LBIIX | Thrivent Income | PairCorr |
| 0.66 | LUBIX | Thrivent Income | PairCorr |
| 0.9 | IIINX | Thrivent Opportunity | PairCorr |
Related Correlations Analysis
| 0.88 | 0.18 | 0.67 | 0.86 | 0.61 | SCYVX | ||
| 0.88 | 0.36 | 0.73 | 0.97 | 0.37 | VOLMX | ||
| 0.18 | 0.36 | 0.62 | 0.44 | 0.2 | RYMBX | ||
| 0.67 | 0.73 | 0.62 | 0.85 | 0.6 | AUERX | ||
| 0.86 | 0.97 | 0.44 | 0.85 | 0.48 | LANIX | ||
| 0.61 | 0.37 | 0.2 | 0.6 | 0.48 | CNGLX | ||
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Risk-Adjusted Indicators
There is a big difference between Thrivent Mutual Fund performing well and Thrivent Limited 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 Limited'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCYVX | 0.91 | 0.11 | 0.01 | 1.10 | 0.93 | 1.95 | 7.36 | |||
| VOLMX | 0.60 | 0.01 | 0.00 | 0.12 | 0.58 | 1.14 | 4.49 | |||
| RYMBX | 0.91 | (0.02) | 0.00 | 0.36 | 0.00 | 1.84 | 4.53 | |||
| AUERX | 0.71 | (0.08) | (0.08) | 0.03 | 0.98 | 1.62 | 4.16 | |||
| LANIX | 0.51 | 0.00 | (0.04) | 0.12 | 0.52 | 0.99 | 3.06 | |||
| CNGLX | 0.54 | 0.00 | (0.14) | (2.29) | 0.78 | 1.04 | 3.68 |