Thrivent Partner Correlations

TWAAX Fund  USD 10.60  0.07  0.66%   
The current 90-days correlation between Thrivent Partner Wor and Thrivent Large Cap is 0.64 (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 0.67 (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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent Partner Worldwide. 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 nation.

Moving together with Thrivent Mutual Fund

  1.0TWAIX Thrivent Partner WorPairCorr
  0.74THLCX Thrivent Large CapPairCorr
  0.75THLIX Thrivent Limited MaturityPairCorr
  0.87THMAX Thrivent ModeratePairCorr
  0.69THMBX Thrivent High IncomePairCorr
  0.85THYFX Thrivent DiversifiedPairCorr
  0.74AAAGX Thrivent Large CapPairCorr
  0.82AABFX Thrivent Balanced IncomePairCorr
  0.83AAINX Thrivent OpportunityPairCorr
  0.94AALGX Thrivent Large CapPairCorr
  0.83AASMX Thrivent Small CapPairCorr
  0.77AAUTX Thrivent Large CapPairCorr
  0.78TLVIX Thrivent Large CapPairCorr
  0.87TMAIX Thrivent ModeratePairCorr
  0.9TMAFX Thrivent ModeratelyPairCorr
  0.9TMAAX Thrivent ModeratelyPairCorr
  0.87TMLDX Thrivent MultidimensionalPairCorr
  0.8LBIIX Thrivent IncomePairCorr
  0.84LBHIX Thrivent High YieldPairCorr
  0.74LBLAX Thrivent Limited MaturityPairCorr
  0.9TAAAX Thrivent AggressivePairCorr
  0.9TAAIX Thrivent AggressivePairCorr
  0.83TSCSX Thrivent Small CapPairCorr
  0.74TBFAX Thrivent Government BondPairCorr
  0.73TBFIX Thrivent Government BondPairCorr
  0.84IIINX Thrivent OpportunityPairCorr
  0.81TCAAX Thrivent ModeratelyPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.91VTPSX Vanguard Total InterPairCorr
  0.97VTISX Vanguard Total InterPairCorr
  0.98VTMGX Vanguard DevelopedPairCorr
  0.98VDVIX Vanguard DevelopedPairCorr
  0.92VTMNX Vanguard DevelopedPairCorr

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.