Thrivent Partner Correlations
TWAAX Fund | USD 11.32 0.04 0.35% |
The current 90-days correlation between Thrivent Partner Wor and Thrivent Large Cap is 0.73 (i.e., Poor diversification). The correlation of Thrivent Partner 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 Partner Correlation With Market
Poor diversification
The correlation between Thrivent Partner Worldwide and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Partner Worldwide and DJI in the same portfolio, assuming nothing else is changed.
Thrivent |
Moving together with Thrivent Mutual Fund
1.0 | TWAIX | Thrivent Partner Wor | PairCorr |
0.69 | THLCX | Thrivent Large Cap | PairCorr |
0.75 | THMAX | Thrivent Moderate | PairCorr |
0.69 | AAAGX | Thrivent Large Cap | PairCorr |
0.73 | AABFX | Thrivent Balanced Income | PairCorr |
0.93 | AALGX | Thrivent Large Cap | PairCorr |
0.8 | AASCX | Thrivent Mid Cap | PairCorr |
0.89 | AAUTX | Thrivent Large Cap | PairCorr |
0.89 | TLVIX | Thrivent Large Cap | PairCorr |
0.67 | TLVOX | Thrivent Low Volatility | PairCorr |
0.82 | TMAIX | Thrivent Moderate | PairCorr |
0.73 | IBBFX | Thrivent Balanced Income | PairCorr |
0.88 | TMAFX | Thrivent Moderately | PairCorr |
0.79 | TMAAX | Thrivent Moderately | PairCorr |
0.78 | TMCVX | Thrivent Mid Cap | PairCorr |
0.86 | TMCGX | Turner Emerging Growth | PairCorr |
0.8 | TMSIX | Thrivent Mid Cap | PairCorr |
0.89 | TAAAX | Thrivent Aggressive | PairCorr |
0.79 | TAAIX | Thrivent Aggressive | PairCorr |
0.73 | TSCGX | Thrivent Small Cap | PairCorr |
0.93 | IILGX | Thrivent Large Cap | PairCorr |
0.66 | TCAAX | Thrivent Moderately | PairCorr |
Moving against Thrivent Mutual Fund
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Thrivent Mutual Fund performing well and Thrivent Partner 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 Partner'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
THLCX | 0.83 | (0.02) | (0.02) | 0.09 | 1.29 | 2.06 | 5.22 | |||
THLIX | 0.10 | 0.04 | (0.61) | (0.63) | 0.00 | 0.25 | 0.74 | |||
THMAX | 0.40 | 0.05 | (0.08) | 0.95 | 0.43 | 0.94 | 2.71 | |||
THMBX | 0.16 | 0.06 | (0.21) | (1.19) | 0.00 | 0.52 | 1.26 | |||
THYFX | 0.22 | 0.05 | (0.12) | 0.36 | 0.00 | 0.44 | 1.31 | |||
AAAGX | 0.84 | (0.03) | (0.02) | 0.09 | 1.29 | 2.10 | 5.26 | |||
AABFX | 0.30 | 0.03 | (0.08) | 0.20 | 0.16 | 0.73 | 1.95 | |||
AAINX | 0.17 | 0.05 | (0.23) | 0.82 | 0.00 | 0.34 | 1.14 |