Thrivent Moderate Correlations

THMAX Fund

USD 16.50 0.08 0.48%

The current 90-days correlation between Thrivent Moderate and Fulcrum Diversified Absolute is 0.27 (i.e., Modest diversification). The correlation of Thrivent Moderate 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 Moderate Correlation With Market

Average diversification

The correlation between Thrivent Moderate Allocation and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Moderate 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 Moderate 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

0.79	TWAAX	Thrivent Partner Wor	Pair Corr
0.8	THLCX	Thrivent Large Cap	Pair Corr
0.82	AAAGX	Thrivent Large Cap	Pair Corr
0.85	AABFX	Thrivent Balanced Income	Pair Corr
0.89	AASCX	Thrivent Mid Cap	Pair Corr
0.72	AAUTX	Thrivent Large Cap	Pair Corr
0.83	TMAIX	Thrivent Moderate	Pair Corr
0.85	IBBFX	Thrivent Balanced Income	Pair Corr
0.72	TMAFX	Thrivent Moderately	Pair Corr
0.82	TMAAX	Thrivent Moderately	Pair Corr
0.74	TMSIX	Thrivent Mid Cap	Pair Corr
0.99	TAAAX	Thrivent Aggressive	Pair Corr
0.99	TAAIX	Thrivent Aggressive	Pair Corr
0.98	IILGX	Thrivent Large Cap	Pair Corr
0.99	TCAAX	Thrivent Moderately	Pair Corr
0.7	TCAIX	Thrivent Moderately	Pair Corr
0.79	BALCX	American Balanced	Pair Corr

Moving against Thrivent Mutual Fund

0.42	AAHYX	Thrivent Diversified	Pair Corr
0.42	LBHIX	Thrivent High Yield	Pair Corr
0.36	THYFX	Thrivent Diversified	Pair Corr
0.36	LBHYX	Thrivent High Yield	Pair Corr
0.36	LBIIX	Thrivent Income	Pair Corr
0.41	LUBIX	Thrivent Income	Pair Corr
0.33	XPPRX	Voya Prime Rate	Pair Corr

Related Correlations Analysis

	FARIX	PGFCX	LIGFX	FHCOX	DIFIX	CDBCX
FARIX		0.61	0.77	0.85	0.8	0.38	FARIX
PGFCX	0.61		0.8	0.6	0.73	0.81	PGFCX
LIGFX	0.77	0.8		0.69	0.89	0.62	LIGFX
FHCOX	0.85	0.6	0.69		0.81	0.51	FHCOX
DIFIX	0.8	0.73	0.89	0.81		0.61	DIFIX
CDBCX	0.38	0.81	0.62	0.51	0.61		CDBCX
	FARIX	PGFCX	LIGFX	FHCOX	DIFIX	CDBCX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Moderate 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 Moderate'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
FARIX	0.45	0.05	0.02	0.19	0.43	(0.54)	1.06	(0.95)	3.57
PGFCX	0.21	0.00	(0.17)	0.07	0.22	(0.23)	0.37	(0.46)	1.10
LIGFX	0.23	(0.01)	(0.13)	0.03	0.25	(0.26)	0.53	(0.47)	1.46
FHCOX	0.05	0.01	0.00	(1.27)	0.00	0.00	0.10	(0.10)	0.50
DIFIX	0.22	0.00	(0.17)	0.04	0.19	(0.26)	0.41	(0.40)	1.21
CDBCX	0.16	(0.01)	(0.26)	(0.04)	0.17	(0.19)	0.32	(0.32)	0.97

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC