Thrivent Large Correlations

Mutual Funds . USA . 
Fund . Thrivent Large Cap
TLVIX Fund  USD 29.47  0.08  0.27%   
The current 90-days correlation between Thrivent Large Cap and Gmo High Yield is 0.62 (i.e., Poor 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

Poor diversification

The correlation between Thrivent Large Cap and DJI is 0.75 (i.e., Poor 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 World Market Map 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 gross domestic product.

Moving together with Thrivent Mutual Fund

  0.81THMAX Thrivent ModeratePairCorr
  0.8THYFX Thrivent DiversifiedPairCorr
  0.91AABFX Thrivent Balanced IncomePairCorr
  0.82AAHYX Thrivent DiversifiedPairCorr
  0.92AALGX Thrivent Large CapPairCorr
  0.62AASCX Thrivent Mid CapPairCorr
  1.0AAUTX Thrivent Large CapPairCorr
  0.81TMAIX Thrivent ModeratePairCorr
  0.91IBBFX Thrivent Balanced IncomePairCorr
  0.81TMAFX Thrivent ModeratelyPairCorr
  0.81TMAAX Thrivent ModeratelyPairCorr
  0.72TMCVX Thrivent Mid CapPairCorr
  0.62TMSIX Thrivent Mid CapPairCorr
  0.65LBHYX Thrivent High YieldPairCorr
  0.63LBHIX Thrivent High YieldPairCorr
  0.74TAAAX Thrivent AggressivePairCorr
  0.74TAAIX Thrivent AggressivePairCorr
  0.92IILGX Thrivent Large CapPairCorr
  0.91TCAAX Thrivent ModeratelyPairCorr
  0.91TCAIX Thrivent ModeratelyPairCorr

Related Correlations Analysis

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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.

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