Thrivent Moderate Correlations

Mutual Funds . USA . 
Fund . Thrivent Moderate Allocation
TMAIX Fund  USD 16.74  0.16  0.95%   
The current 90-days correlation between Thrivent Moderate and Artisan Emerging Markets is 0.11 (i.e., Average 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

Very poor diversification

The correlation between Thrivent Moderate Allocation and DJI is 0.87 (i.e., Very poor 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

  0.94TWAAX Thrivent Partner WorPairCorr
  0.93TWAIX Thrivent Partner WorPairCorr
  0.82THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.87THYFX Thrivent DiversifiedPairCorr
  0.65AAAGX Thrivent Large CapPairCorr
  1.0AABFX Thrivent Balanced IncomePairCorr
  0.85AAINX Thrivent OpportunityPairCorr
  0.91AAHYX Thrivent DiversifiedPairCorr
  1.0AALGX Thrivent Large CapPairCorr
  0.99AASCX Thrivent Mid CapPairCorr
  0.93AASMX Thrivent Small CapPairCorr
  0.97AAUTX Thrivent Large CapPairCorr
  0.95TLVIX Thrivent Large CapPairCorr
  0.97IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  0.97TMAAX Thrivent ModeratelyPairCorr
  0.97TMSIX Thrivent Mid CapPairCorr
  0.91LBHYX Thrivent High YieldPairCorr
  0.72LBIIX Thrivent IncomePairCorr
  0.87LBHIX Thrivent High YieldPairCorr
  0.88LBLAX Thrivent Limited MaturityPairCorr
  1.0TAAAX Thrivent AggressivePairCorr
  0.97TAAIX Thrivent AggressivePairCorr
  0.84TSCGX Thrivent Small CapPairCorr
  0.88TSCSX Thrivent Small CapPairCorr
  0.88LUBIX Thrivent IncomePairCorr
  0.81IIINX Thrivent OpportunityPairCorr
  1.0IILGX Thrivent Large CapPairCorr
  1.0TCAAX Thrivent ModeratelyPairCorr
  0.97TCAIX Thrivent ModeratelyPairCorr
  0.86ABALX American BalancedPairCorr
  0.96BALCX American BalancedPairCorr

Related Correlations Analysis


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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