Thrivent Large Correlations

Mutual Funds . USA . 
Fund . Thrivent Large Cap
TLVIX Fund  USD 31.47  0.16  0.51%   
The current 90-days correlation between Thrivent Large Cap and Ep Emerging Markets is 0.68 (i.e., Poor 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

Almost no diversification

The correlation between Thrivent Large Cap and DJI is 0.97 (i.e., Almost no 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 signals in gross domestic product.

Moving together with Thrivent Mutual Fund

  0.92TWAAX Thrivent Partner WorPairCorr
  0.89TWAIX Thrivent Partner WorPairCorr
  0.96THLCX Thrivent Large CapPairCorr
  0.87THLIX Thrivent Limited MaturityPairCorr
  0.9THMAX Thrivent ModeratePairCorr
  0.98THYFX Thrivent DiversifiedPairCorr
  0.89AAAGX Thrivent Large CapPairCorr
  0.9AABFX Thrivent Balanced IncomePairCorr
  0.9AAINX Thrivent OpportunityPairCorr
  0.9AALGX Thrivent Large CapPairCorr
  0.86AASCX Thrivent Mid CapPairCorr
  1.0AAUTX Thrivent Large CapPairCorr
  0.99TMAIX Thrivent ModeratePairCorr
  0.9TMAFX Thrivent ModeratelyPairCorr
  0.99TMCVX Thrivent Mid CapPairCorr
  0.96TMCGX Turner Emerging GrowthPairCorr
  0.96TMSIX Thrivent Mid CapPairCorr
  0.78LBIIX Thrivent IncomePairCorr
  0.9LBHIX Thrivent High YieldPairCorr
  0.98TAAAX Thrivent AggressivePairCorr
  0.98TAAIX Thrivent AggressivePairCorr
  0.97TSCGX Thrivent Small CapPairCorr
  0.98TSCSX Thrivent Small CapPairCorr
  0.78LUBIX Thrivent IncomePairCorr
  0.93IIINX Thrivent OpportunityPairCorr
  0.97IILGX Thrivent Large CapPairCorr
  0.87VVIAX Vanguard Value IndexPairCorr
  1.0DOXGX Dodge Cox StockPairCorr
  0.89AFMFX American MutualPairCorr
  0.89FFMMX American Funds AmericanPairCorr
  0.89FFFMX American Funds AmericanPairCorr
  0.89AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.88DODGX Dodge Stock FundPairCorr

Related Correlations Analysis

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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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