Thrivent Aggressive Correlations

TAAIX Fund

USD 20.64 0.06 0.29%

The current 90-days correlation between Thrivent Aggressive and Thrivent Aggressive Allocation is 1.0 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Thrivent Aggressive Allocation and DJI is 0.44 (i.e., Very weak 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 gross domestic product.

Moving together with Thrivent Mutual Fund

0.77	TWAAX	Thrivent Partner Wor	Pair Corr
0.88	THLCX	Thrivent Large Cap	Pair Corr
0.99	THMAX	Thrivent Moderate	Pair Corr
0.91	AAAGX	Thrivent Large Cap	Pair Corr
0.98	AABFX	Thrivent Balanced Income	Pair Corr
0.98	AALGX	Thrivent Large Cap	Pair Corr
0.92	AASCX	Thrivent Mid Cap	Pair Corr
0.7	AAUTX	Thrivent Large Cap	Pair Corr
0.69	TLVIX	Thrivent Large Cap	Pair Corr
0.99	TMAIX	Thrivent Moderate	Pair Corr
0.98	IBBFX	Thrivent Balanced Income	Pair Corr
1.0	TMAFX	Thrivent Moderately	Pair Corr
1.0	TMAAX	Thrivent Moderately	Pair Corr
0.93	TMSIX	Thrivent Mid Cap	Pair Corr
1.0	TAAAX	Thrivent Aggressive	Pair Corr
0.98	IILGX	Thrivent Large Cap	Pair Corr
0.99	TCAAX	Thrivent Moderately	Pair Corr
0.98	TCAIX	Thrivent Moderately	Pair Corr

Moving against Thrivent Mutual Fund

0.56	AAHYX	Thrivent Diversified	Pair Corr
0.56	LBHYX	Thrivent High Yield	Pair Corr
0.56	LBIIX	Thrivent Income	Pair Corr
0.49	THYFX	Thrivent Diversified	Pair Corr
0.56	LBHIX	Thrivent High Yield	Pair Corr
0.56	LUBIX	Thrivent Income	Pair Corr
0.35	GAAKX	Gmo Alternative Allo	Pair Corr
0.35	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	TAAAX	JOBBX	JOBEX	JTSIX	JTSYX	JTSSX	JTSCX	PGSGX	JSIVX	JVTSX
TAAAX		0.11	0.11	0.17	0.75	0.75	0.78	0.24	-0.42	-0.35	TAAAX
JOBBX	0.11		1.0	0.98	0.59	0.58	0.52	0.83	0.72	0.79	JOBBX
JOBEX	0.11	1.0		0.98	0.59	0.58	0.53	0.83	0.72	0.79	JOBEX
JTSIX	0.17	0.98	0.98		0.65	0.64	0.6	0.86	0.66	0.74	JTSIX
JTSYX	0.75	0.59	0.59	0.65		1.0	1.0	0.67	0.07	0.15	JTSYX
JTSSX	0.75	0.58	0.58	0.64	1.0		1.0	0.66	0.05	0.14	JTSSX
JTSCX	0.78	0.52	0.53	0.6	1.0	1.0		0.63	-0.01	0.08	JTSCX
PGSGX	0.24	0.83	0.83	0.86	0.67	0.66	0.63		0.48	0.63	PGSGX
JSIVX	-0.42	0.72	0.72	0.66	0.07	0.05	-0.01	0.48		0.93	JSIVX
JVTSX	-0.35	0.79	0.79	0.74	0.15	0.14	0.08	0.63	0.93		JVTSX
	TAAAX	JOBBX	JOBEX	JTSIX	JTSYX	JTSSX	JTSCX	PGSGX	JSIVX	JVTSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JOBEX	+ 1.0	JOBBX
JTSSX	+ 1.0	JTSYX
JTSCX	+ 1.0	JTSYX
JTSCX	+ 1.0	JTSSX
JTSIX	+ 0.98	JOBBX
JTSIX	+ 0.98	JOBEX

High negative correlations

JSIVX	- 0.42	TAAAX
JVTSX	- 0.35	TAAAX
JSIVX	- 0.01	JTSCX

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
TAAAX	0.66	(0.09)	0.00	(0.07)	0.00	0.00	1.18	(1.45)	7.45
JOBBX	0.45	0.00	(0.03)	0.07	0.61	(0.44)	0.90	(0.93)	2.47
JOBEX	0.45	0.00	(0.03)	0.07	0.61	(0.44)	0.92	(0.90)	2.44
JTSIX	0.50	(0.01)	(0.03)	0.05	0.72	(0.47)	1.03	(1.06)	2.92
JTSYX	0.55	(0.06)	(0.07)	0.00	0.97	(0.47)	1.00	(1.24)	4.37
JTSSX	0.55	(0.06)	(0.07)	0.00	0.97	(0.47)	1.00	(1.24)	4.39
JTSCX	0.56	(0.07)	(0.08)	(0.01)	0.99	(0.47)	1.00	(1.25)	4.53
PGSGX	1.10	(0.04)	0.00	0.04	1.45	(1.09)	2.13	(2.22)	6.24
JSIVX	0.75	0.04	0.05	0.11	0.77	(0.82)	1.88	(1.25)	4.56
JVTSX	0.92	0.09	0.08	0.14	1.00	(0.95)	1.64	(1.62)	7.66

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