Thrivent Aggressive Correlations

Mutual Funds . USA . 
Fund . Thrivent Aggressive Allocation
TAAAX Fund  USD 19.70  0.01  0.05%   
The current 90-days correlation between Thrivent Aggressive and Sei Institutional Managed is 0.41 (i.e., Very weak diversification). The correlation of Thrivent Aggressive 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 Aggressive Correlation With Market

Good diversification

The correlation between Thrivent Aggressive Allocation and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Aggressive Allocation 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 Aggressive Allocation. 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

  0.97TWAAX Thrivent Partner WorPairCorr
  0.97TWAIX Thrivent Partner WorPairCorr
  0.81THLIX Thrivent Limited MaturityPairCorr
  0.88THMAX Thrivent ModeratePairCorr
  0.86THYFX Thrivent DiversifiedPairCorr
  1.0AAAGX Thrivent Large CapPairCorr
  0.62AABFX Thrivent Balanced IncomePairCorr
  0.67AAHYX Thrivent DiversifiedPairCorr
  0.97AASCX Thrivent Mid CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.62TLVIX Thrivent Large CapPairCorr
  0.88TMAIX Thrivent ModeratePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  0.64TMCVX Thrivent Mid CapPairCorr
  0.84TMSIX Thrivent Mid CapPairCorr
  0.84LBHYX Thrivent High YieldPairCorr
  0.69LBIIX Thrivent IncomePairCorr
  0.85LBHIX Thrivent High YieldPairCorr
  0.72LBLAX Thrivent Limited MaturityPairCorr
  0.86TSCSX Thrivent Small CapPairCorr
  0.75LUBIX Thrivent IncomePairCorr
  0.99TCAAX Thrivent ModeratelyPairCorr
  0.63TCAIX Thrivent ModeratelyPairCorr
  0.89CGRGX American Funds GrowthPairCorr
  0.89FPGGX American Funds GrowthPairCorr
  0.89FGPGX American Funds GrowthPairCorr
  0.87MUTHX Franklin Mutual SharesPairCorr
  0.87TESRX Franklin Mutual SharesPairCorr
  0.87FMSHX Franklin Mutual SharesPairCorr
  1.0GWPCX American Funds GrowthPairCorr
  1.0GWPFX American Funds GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Aggressive 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 Aggressive'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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