Thrivent Large Correlations

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.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Thrivent Mutual Fund

0.7	FAFGX	American Funds	Pair Corr
0.7	FFAFX	American Funds	Pair Corr
0.7	GFACX	Growth Fund	Pair Corr
0.7	GFAFX	Growth Fund	Pair Corr
0.7	AGTHX	Growth Fund	Pair Corr
0.7	CGFFX	Growth Fund	Pair Corr
0.7	CGFCX	Growth Fund	Pair Corr
0.7	CGFAX	Growth Fund	Pair Corr
0.7	CGFEX	Growth Fund	Pair Corr
0.7	RGAEX	Growth Fund	Pair Corr
0.65	SMPSX	Semiconductor Ultrasector	Pair Corr
0.65	SMPIX	Semiconductor Ultrasector	Pair Corr
0.83	RSNRX	Victory Global Natural	Pair Corr
0.83	RSNYX	Victory Global Natural	Pair Corr
0.83	RGNCX	Victory Global Natural	Pair Corr
0.83	IBM	International Business Earnings Call This Week	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.7	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.63	AXP	American Express	Pair Corr
0.72	AA	Alcoa Corp Earnings Call This Week	Pair Corr

Moving against Thrivent Mutual Fund

0.58	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.57	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.57	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.6	KO	Coca Cola Earnings Call This Week	Pair Corr
0.53	DIS	Walt Disney	Pair Corr
0.46	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	VZ	Verizon Communications	Pair Corr
0.41	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.37	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	FTHNX	SRDAX	SMPIX	CNGLX	TIMPX	PATFX	JPDVX	PGBAX
FTHNX		0.82	0.56	0.82	0.75	0.72	0.87	0.83	FTHNX
SRDAX	0.82		0.81	0.8	0.88	0.94	0.94	0.94	SRDAX
SMPIX	0.56	0.81		0.76	0.76	0.84	0.85	0.76	SMPIX
CNGLX	0.82	0.8	0.76		0.73	0.76	0.93	0.79	CNGLX
TIMPX	0.75	0.88	0.76	0.73		0.95	0.87	0.96	TIMPX
PATFX	0.72	0.94	0.84	0.76	0.95		0.91	0.97	PATFX
JPDVX	0.87	0.94	0.85	0.93	0.87	0.91		0.93	JPDVX
PGBAX	0.83	0.94	0.76	0.79	0.96	0.97	0.93		PGBAX
	FTHNX	SRDAX	SMPIX	CNGLX	TIMPX	PATFX	JPDVX	PGBAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTHNX	0.74	0.11	0.05	(0.35)	0.70	(0.85)	1.72	(1.18)	5.13
SRDAX	0.13	0.03	(0.06)	0.39	0.00	(0.19)	0.29	(0.28)	0.76
SMPIX	1.81	0.30	0.08	(0.67)	2.48	(1.83)	4.27	(4.47)	14.79
CNGLX	0.54	0.09	0.04	(0.63)	0.55	(0.59)	1.09	(0.96)	3.72
TIMPX	0.19	0.05	(0.03)	(0.87)	0.00	(0.26)	0.55	(0.22)	1.11
PATFX	0.16	0.08	0.20	(1.78)	0.00	(0.25)	0.47	(0.19)	1.01
JPDVX	0.31	0.06	0.01	(0.31)	0.28	(0.36)	0.73	(0.47)	2.68
PGBAX	0.12	0.04	(0.10)	(1.32)	0.00	(0.18)	0.25	(0.17)	0.67

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Thrivent Large Correlations

Moving together with Thrivent Mutual Fund

Moving against Thrivent Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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