Thrivent Moderately Correlations

TCAIX Fund

USD 13.00 0.02 0.15%

The current 90-days correlation between Thrivent Moderately and Massmutual Select Diversified is 0.03 (i.e., Significant diversification). The correlation of Thrivent Moderately 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent Moderately Servative. 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

0.8	THMAX	Thrivent Moderate	Pair Corr
0.79	THYFX	Thrivent Diversified	Pair Corr
0.99	AABFX	Thrivent Balanced Income	Pair Corr
0.8	AAHYX	Thrivent Diversified	Pair Corr
0.82	AALGX	Thrivent Large Cap	Pair Corr
0.61	AASCX	Thrivent Mid Cap	Pair Corr
0.86	AAUTX	Thrivent Large Cap	Pair Corr
0.89	TLVIX	Thrivent Large Cap	Pair Corr
0.8	TMAIX	Thrivent Moderate	Pair Corr
0.89	IBBFX	Thrivent Balanced Income	Pair Corr
0.8	TMAFX	Thrivent Moderately	Pair Corr
0.79	TMAAX	Thrivent Moderately	Pair Corr
0.66	TMCVX	Thrivent Mid Cap	Pair Corr
0.61	TMSIX	Thrivent Mid Cap	Pair Corr
0.72	TAAAX	Thrivent Aggressive	Pair Corr
0.73	TAAIX	Thrivent Aggressive	Pair Corr
0.87	IILGX	Thrivent Large Cap	Pair Corr
0.9	TCAAX	Thrivent Moderately	Pair Corr

Related Correlations Analysis

	MDVSX	TFCAX	EIIMX	VYRPX	PGFCX	ACBPX	HIIDX
MDVSX		0.29	0.31	0.81	0.77	0.31	0.45	MDVSX
TFCAX	0.29		0.87	0.58	0.65	0.88	0.86	TFCAX
EIIMX	0.31	0.87		0.64	0.71	0.96	0.94	EIIMX
VYRPX	0.81	0.58	0.64		0.98	0.66	0.7	VYRPX
PGFCX	0.77	0.65	0.71	0.98		0.73	0.77	PGFCX
ACBPX	0.31	0.88	0.96	0.66	0.73		0.88	ACBPX
HIIDX	0.45	0.86	0.94	0.7	0.77	0.88		HIIDX
	MDVSX	TFCAX	EIIMX	VYRPX	PGFCX	ACBPX	HIIDX

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderately 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 Moderately'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
MDVSX	0.61	0.09	0.11	0.08	0.74	(0.67)	1.34	(1.41)	3.79
TFCAX	0.02	0.00	0.00	0.10	0.00	0.00	0.10	0.00	0.40
EIIMX	0.29	0.05	0.19	0.65	0.19	(0.38)	0.63	(0.47)	1.91
VYRPX	0.19	0.01	0.14	(0.23)	0.15	(0.25)	0.48	(0.38)	1.17
PGFCX	0.28	0.01	0.11	(0.15)	0.27	(0.34)	0.67	(0.48)	1.75
ACBPX	0.24	0.02	0.17	0.43	0.17	(0.30)	0.56	(0.44)	1.23
HIIDX	0.59	0.12	0.15	0.17	0.66	(0.62)	1.27	(0.88)	5.23

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Thrivent Moderately Correlations

Moving together with Thrivent Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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