Thrivent Small Correlations

Mutual Funds USA . 
Fund . Thrivent Small Cap
TSCSX Fund  USD 33.00  1.10  3.45%   
The current 90-days correlation between Thrivent Small Cap and Nuveen Small Cap is -0.1 (i.e., Good diversification). The correlation of Thrivent Small 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 Small Correlation With Market

Very poor diversification

The correlation between Thrivent Small Cap 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 Small 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 Small 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 housing.

Moving together with Thrivent Mutual Fund

  0.87TWAAX Thrivent Partner WorPairCorr
  0.9TWAIX Thrivent Partner WorPairCorr
  0.9THLCX Thrivent Large CapPairCorr
  0.82THLIX Thrivent Limited MaturityPairCorr
  0.92THMAX Thrivent ModeratePairCorr
  0.93THYFX Thrivent DiversifiedPairCorr
  0.9AAAGX Thrivent Large CapPairCorr
  0.92AABFX Thrivent Balanced IncomePairCorr
  0.87AAINX Thrivent OpportunityPairCorr
  0.91AAHYX Thrivent DiversifiedPairCorr
  0.93AALGX Thrivent Large CapPairCorr
  0.63AASCX Thrivent Mid CapPairCorr
  0.93AASMX Thrivent Small CapPairCorr
  0.98AAUTX Thrivent Large CapPairCorr
  0.98TLVIX Thrivent Large CapPairCorr
  0.92TMAIX Thrivent ModeratePairCorr
  0.94IBBFX Thrivent Balanced IncomePairCorr
  0.93TMAFX Thrivent ModeratelyPairCorr
  0.93TMAAX Thrivent ModeratelyPairCorr
  0.98TMCVX Thrivent Mid CapPairCorr
  0.93TMCGX Turner Emerging GrowthPairCorr
  0.75TMSIX Thrivent Mid CapPairCorr
  0.9LBHYX Thrivent High YieldPairCorr
  0.82LBIIX Thrivent IncomePairCorr
  0.89LBHIX Thrivent High YieldPairCorr
  0.84LBLAX Thrivent Limited MaturityPairCorr
  0.93TAAAX Thrivent AggressivePairCorr
  0.93TAAIX Thrivent AggressivePairCorr
  0.86TSCGX Thrivent Small CapPairCorr
  0.82LUBIX Thrivent IncomePairCorr
  0.75TBFAX Thrivent Government BondPairCorr
  0.75TBFIX Thrivent Government BondPairCorr
  0.88IIINX Thrivent OpportunityPairCorr
  0.96IILGX Thrivent Large CapPairCorr
  0.92TCAAX Thrivent ModeratelyPairCorr
  0.94TCAIX Thrivent ModeratelyPairCorr

Moving against Thrivent Mutual Fund

  0.61XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Small 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 Small'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY