Thrivent Large Correlations

AAAGX
 Fund
  

USD 11.86  0.03  0.25%   

The correlation of Thrivent Large is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thrivent Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thrivent Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Thrivent Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thrivent Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thrivent Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thrivent Large Cap to buy it.

Moving together with Thrivent Large

+0.99GAFFXGrowth FundPairCorr
+0.99AGTHXGrowth FundPairCorr
+0.99CGFFXGrowth FundPairCorr
+0.99CGFCXGrowth FundPairCorr
+0.99CGFEXGrowth FundPairCorr
+0.99RGAEXGrowth FundPairCorr
+0.99RGAAXGrowth FundPairCorr
+0.99RGAGXGrowth FundPairCorr
+0.95RGABXGrowth FundPairCorr
+0.99RGACXGrowth FundPairCorr
+0.99VITSXVanguard Index TrustPairCorr
+0.99VSTSXVanguard Total StockPairCorr
+0.99VTSAXVanguard Total StockPairCorr
+0.99VSMPXVanguard Total StockPairCorr
+0.99VTSMXVanguard Index TrustPairCorr
+0.98VFINXVanguard Index TrustPairCorr
+0.98VFFSXVanguard 500 IndexPairCorr
+0.98VFIAXVanguard 500 IndexPairCorr
+0.8VTSNXVanguard Total InterPairCorr
+0.8VTISXVanguard Total InterPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   

Thrivent Large Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Thrivent Mutual Fund performing well and Thrivent Large Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Thrivent Large's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.21  0.08  0.30  2.78  0.09 (1.58)  4.00 (2.55)  15.22 
MSFT 1.34 (0.07)  0.00 (0.12)  0.00 (0.0405)  0.00  2.43 (3.17)  12.18 
UBER 2.87  0.43  0.13  0.42  2.94  0.11 (3.07)  5.60 (4.70)  25.11 
F 2.20  0.14  0.04  0.03  3.03  0.0379 (2.41)  5.18 (3.74)  18.47 
T 0.99 (0.37)  0.00 (0.66)  0.00 (0.24)  0.00  1.55 (2.33)  9.29 
A 1.60  0.12  0.06  0.05  1.88  0.05 (1.76)  2.87 (3.13)  11.70 
CRM 1.97 (0.19)  0.00 (0.23)  0.00 (0.08)  0.00  3.63 (4.55)  10.76 
JPM 1.30 (0.05)  0.00 (0.10)  0.00 (0.0297)  0.00  2.53 (2.88)  8.06 
MRK 0.91 (0.11)  0.00 (0.40)  0.00 (0.06)  0.00  1.64 (2.13)  4.57 
XOM 1.78  0.05  0.03  0.02  2.18  0.0329 (1.85)  3.33 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Thrivent Large without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Thrivent Large Cap?

The danger of trading Thrivent Large Cap is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Thrivent Large is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Thrivent Large. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Thrivent Large Cap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Thrivent Large Cap information on this page should be used as a complementary analysis to other Thrivent Large's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Thrivent Mutual Fund analysis

When running Thrivent Large Cap price analysis, check to measure Thrivent Large's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thrivent Large is operating at the current time. Most of Thrivent Large's value examination focuses on studying past and present price action to predict the probability of Thrivent Large's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Thrivent Large's price. Additionally, you may evaluate how the addition of Thrivent Large to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Thrivent Large's value and its price as these two are different measures arrived at by different means. Investors typically determine Thrivent Large value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrivent Large's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.