Thrivent Aggressive Correlations
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.
Thrivent |
Moving together with Thrivent Mutual Fund
0.97 | TWAAX | Thrivent Partner Wor | PairCorr |
0.97 | TWAIX | Thrivent Partner Wor | PairCorr |
0.81 | THLIX | Thrivent Limited Maturity | PairCorr |
0.88 | THMAX | Thrivent Moderate | PairCorr |
0.86 | THYFX | Thrivent Diversified | PairCorr |
1.0 | AAAGX | Thrivent Large Cap | PairCorr |
0.62 | AABFX | Thrivent Balanced Income | PairCorr |
0.67 | AAHYX | Thrivent Diversified | PairCorr |
0.97 | AASCX | Thrivent Mid Cap | PairCorr |
0.99 | AAUTX | Thrivent Large Cap | PairCorr |
0.62 | TLVIX | Thrivent Large Cap | PairCorr |
0.88 | TMAIX | Thrivent Moderate | PairCorr |
1.0 | TMAFX | Thrivent Moderately | PairCorr |
0.64 | TMCVX | Thrivent Mid Cap | PairCorr |
0.84 | TMSIX | Thrivent Mid Cap | PairCorr |
0.84 | LBHYX | Thrivent High Yield | PairCorr |
0.69 | LBIIX | Thrivent Income | PairCorr |
0.85 | LBHIX | Thrivent High Yield | PairCorr |
0.72 | LBLAX | Thrivent Limited Maturity | PairCorr |
0.86 | TSCSX | Thrivent Small Cap | PairCorr |
0.75 | LUBIX | Thrivent Income | PairCorr |
0.99 | TCAAX | Thrivent Moderately | PairCorr |
0.63 | TCAIX | Thrivent Moderately | PairCorr |
0.89 | CGRGX | American Funds Growth | PairCorr |
0.89 | FPGGX | American Funds Growth | PairCorr |
0.89 | FGPGX | American Funds Growth | PairCorr |
0.87 | MUTHX | Franklin Mutual Shares | PairCorr |
0.87 | TESRX | Franklin Mutual Shares | PairCorr |
0.87 | FMSHX | Franklin Mutual Shares | PairCorr |
1.0 | GWPCX | American Funds Growth | PairCorr |
1.0 | GWPFX | American Funds Growth | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
LLOAX | 0.39 | 0.04 | (0.10) | 1.42 | 0.76 | 0.86 | 4.52 | |||
FDZBPX | 0.70 | (0.02) | (0.03) | 0.11 | 1.69 | 1.20 | 8.93 | |||
TMVAX | 1.09 | 0.15 | 0.00 | (2.72) | 1.45 | 2.46 | 9.89 | |||
WMCANX | 0.78 | 0.13 | (0.01) | (2.32) | 1.33 | 1.61 | 8.60 | |||
AUUIX | 0.90 | 0.08 | 0.05 | 0.22 | 1.30 | 1.83 | 11.90 | |||
FBJYGX | 0.87 | 0.08 | 0.04 | 0.23 | 1.29 | 1.91 | 9.96 | |||
FLAKQX | 0.98 | 0.14 | 0.08 | 0.28 | 1.32 | 1.96 | 12.35 |