Thrivent Mid Correlations
TMCVX Fund | USD 18.33 0.03 0.16% |
The current 90-days correlation between Thrivent Mid Cap and Abr 7525 Volatility is -0.22 (i.e., Very good diversification). The correlation of Thrivent Mid 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 Mid Correlation With Market
Almost no diversification
The correlation between Thrivent Mid Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
Thrivent |
Moving together with Thrivent Mutual Fund
0.67 | TWAAX | Thrivent Partner Wor | PairCorr |
0.69 | TWAIX | Thrivent Partner Wor | PairCorr |
0.94 | THLCX | Thrivent Large Cap | PairCorr |
0.92 | THMAX | Thrivent Moderate | PairCorr |
0.73 | THYFX | Thrivent Diversified | PairCorr |
0.77 | LBHYX | Thrivent High Yield | PairCorr |
0.76 | LBHIX | Thrivent High Yield | PairCorr |
0.96 | TAAAX | Thrivent Aggressive | PairCorr |
0.94 | TAAIX | Thrivent Aggressive | PairCorr |
0.94 | TSCGX | Thrivent Small Cap | PairCorr |
0.95 | TSCSX | Thrivent Small Cap | PairCorr |
0.93 | AAAGX | Thrivent Large Cap | PairCorr |
0.83 | AABFX | Thrivent Balanced Income | PairCorr |
0.73 | AAHYX | Thrivent Diversified | PairCorr |
0.93 | AALGX | Thrivent Large Cap | PairCorr |
0.98 | AASCX | Thrivent Mid Cap | PairCorr |
0.94 | AASMX | Thrivent Small Cap | PairCorr |
0.95 | AAUTX | Thrivent Large Cap | PairCorr |
0.93 | IILGX | Thrivent Large Cap | PairCorr |
0.84 | TCAAX | Thrivent Moderately | PairCorr |
0.84 | TCAIX | Thrivent Moderately | PairCorr |
0.98 | TLVIX | Thrivent Large Cap | PairCorr |
0.93 | TMAIX | Thrivent Moderate | PairCorr |
0.84 | IBBFX | Thrivent Balanced Income | PairCorr |
0.95 | TMAFX | Thrivent Moderately | PairCorr |
0.93 | TMAAX | Thrivent Moderately | PairCorr |
0.98 | TMCGX | Turner Emerging Growth | PairCorr |
Related Correlations Analysis
0.96 | 0.9 | 0.83 | 0.13 | 0.82 | VOLJX | ||
0.96 | 0.93 | 0.9 | 0.06 | 0.87 | TWBIX | ||
0.9 | 0.93 | 0.74 | -0.14 | 0.91 | LMUSX | ||
0.83 | 0.9 | 0.74 | 0.09 | 0.74 | IAADX | ||
0.13 | 0.06 | -0.14 | 0.09 | 0.07 | MFTFX | ||
0.82 | 0.87 | 0.91 | 0.74 | 0.07 | TQAAX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thrivent Mutual Fund performing well and Thrivent Mid 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 Mid'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VOLJX | 0.74 | 0.09 | 0.03 | (0.30) | 0.99 | 1.47 | 4.55 | |||
TWBIX | 0.42 | 0.05 | 0.00 | (0.49) | 0.50 | 1.06 | 3.14 | |||
LMUSX | 0.75 | 0.10 | 0.05 | (2.85) | 1.02 | 1.75 | 5.10 | |||
IAADX | 0.18 | 0.03 | (0.06) | (1.78) | 0.00 | 0.43 | 0.99 | |||
MFTFX | 0.95 | (0.13) | 0.00 | (0.08) | 0.00 | 1.65 | 5.99 | |||
TQAAX | 0.87 | (0.03) | (0.01) | 0.02 | 1.16 | 2.01 | 6.01 |