Thrivent Moderate Correlations

Mutual Funds . USA . 
Fund . Thrivent Moderate Allocation
TMAIX Fund  USD 16.42  0.05  0.30%   
The current 90-days correlation between Thrivent Moderate and Great West Loomis Sayles is -0.04 (i.e., Good 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

Good diversification

The correlation between Thrivent Moderate Allocation and DJI is -0.03 (i.e., Good 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 gross domestic product.

Moving together with Thrivent Mutual Fund

  0.68FBONX American Funds AmericanPairCorr
  0.68FBAFX American Funds AmericanPairCorr
  0.66ABALX American BalancedPairCorr
  0.67BALCX American BalancedPairCorr
  0.67BALFX American BalancedPairCorr
  0.67RLBCX American BalancedPairCorr
  0.67RLBBX American BalancedPairCorr
  0.67CLBAX American BalancedPairCorr
  0.68CLBEX American BalancedPairCorr
  0.68RLBFX American BalancedPairCorr
  0.74SMPIX Semiconductor UltrasectorPairCorr
  0.74SMPSX Semiconductor UltrasectorPairCorr
  0.63RSNYX Victory Global NaturalPairCorr
  0.64RSNRX Victory Global NaturalPairCorr
  0.67IBM International BusinessPairCorr
  0.71CAT CaterpillarPairCorr
  0.68AA Alcoa Corp Earnings Call This WeekPairCorr
  0.65JPM JPMorgan Chase Earnings Call TomorrowPairCorr
  0.62MMM 3M Company Earnings Call This WeekPairCorr
  0.64PFE Pfizer IncPairCorr
  0.66BAC Bank of America Earnings Call This WeekPairCorr
  0.64GE GE AerospacePairCorr
  0.73CSCO Cisco SystemsPairCorr
  0.71CVX Chevron CorpPairCorr

Moving against Thrivent Mutual Fund

  0.67MCD McDonaldsPairCorr
  0.57KO Coca Cola Earnings Call This WeekPairCorr

Related Correlations Analysis

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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.

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