Thrivent Large Correlations

THLCX Fund  USD 21.06  0.06  0.28%   
The current 90-days correlation between Thrivent Large Cap and Thrivent Partner Worldwide is 0.64 (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 0.62 (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 main economic indicators.

Moving together with Thrivent Mutual Fund

  0.74TWAAX Thrivent Partner WorPairCorr
  0.75TWAIX Thrivent Partner WorPairCorr
  0.82THLIX Thrivent Limited MaturityPairCorr
  0.94THMAX Thrivent ModeratePairCorr
  0.89THMBX Thrivent High IncomePairCorr
  0.93THYFX Thrivent DiversifiedPairCorr
  1.0AAAGX Thrivent Large CapPairCorr
  0.91AABFX Thrivent Balanced IncomePairCorr
  0.89AAINX Thrivent OpportunityPairCorr
  0.93AAHYX Thrivent DiversifiedPairCorr
  0.9AALGX Thrivent Large CapPairCorr
  0.74AAMBX Thrivent Municipal BondPairCorr
  0.76TLVOX Thrivent Low VolatilityPairCorr
  0.94TMAIX Thrivent ModeratePairCorr
  0.93IBBFX Thrivent Balanced IncomePairCorr
  0.74TMBIX Thrivent Municipal BondPairCorr
  0.92TMAFX Thrivent ModeratelyPairCorr
  0.91TMAAX Thrivent ModeratelyPairCorr
  0.9TMLDX Thrivent MultidimensionalPairCorr
  0.85LBHYX Thrivent High YieldPairCorr
  0.87LBIIX Thrivent IncomePairCorr
  0.86LBHIX Thrivent High YieldPairCorr
  0.85LBLAX Thrivent Limited MaturityPairCorr
  0.89TAAAX Thrivent AggressivePairCorr
  0.89TAAIX Thrivent AggressivePairCorr
  0.88LUBIX Thrivent IncomePairCorr
  0.88TBFAX Thrivent Government BondPairCorr
  0.9IIINX Thrivent OpportunityPairCorr
  0.9IILGX Thrivent Large CapPairCorr
  0.91TCAAX Thrivent ModeratelyPairCorr
  0.92TCAIX 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.