Thrivent Large Correlations

Mutual Funds . USA . 
Fund . Thrivent Large Cap
THLCX Fund  USD 24.79  0.10  0.41%   
The current 90-days correlation between Thrivent Large Cap and Maryland Tax Free Bond is -0.04 (i.e., Good diversification). 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.

Thrivent Large Correlation With Market

Good diversification

The correlation between Thrivent Large Cap and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Large Cap 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 Large Cap. 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

  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.89SMPSX Semiconductor UltrasectorPairCorr
  0.89SMPIX Semiconductor UltrasectorPairCorr
  0.83RSNRX Victory Global NaturalPairCorr
  0.83RSNYX Victory Global NaturalPairCorr
  0.83RGNCX Victory Global NaturalPairCorr
  0.63XOM Exxon Mobil CorpPairCorr
  0.67IBM International Business Earnings Call This WeekPairCorr
  0.78JPM JPMorgan ChasePairCorr
  0.87GE GE Aerospace Earnings Call This WeekPairCorr
  0.77AXP American ExpressPairCorr
  0.78AA Alcoa Corp Earnings Call This WeekPairCorr
  0.7JNJ Johnson JohnsonPairCorr
  0.69DD Dupont De NemoursPairCorr
  0.68WMT WalmartPairCorr

Moving against Thrivent Mutual Fund

  0.5SPMJX Invesco Steelpath MlpPairCorr
  0.49OSPPX Oppenheimer Steelpath MlpPairCorr
  0.49SPMPX Invesco Steelpath MlpPairCorr
  0.49MLPNX Oppenheimer Steelpath MlpPairCorr
  0.49MLPLX Oppenheimer Steelpath MlpPairCorr
  0.74KO Coca Cola Earnings Call This WeekPairCorr
  0.68DIS Walt DisneyPairCorr
  0.31PG Procter Gamble Earnings Call This WeekPairCorr

Related Correlations Analysis


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.

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