Thrivent Balanced Correlations

Mutual Funds USA . 
Fund . Thrivent Balanced Income
AABFX Fund  USD 14.05  0.01  0.07%   
The current 90-days correlation between Thrivent Balanced Income and Goldman Sachs Emerging is 0.12 (i.e., Average diversification). The correlation of Thrivent Balanced 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 Balanced Correlation With Market

Very weak diversification

The correlation between Thrivent Balanced Income and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Balanced Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Balanced Income. 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 census.

Moving together with Thrivent Mutual Fund

  0.87THLCX Thrivent Large CapPairCorr
  0.95THMAX Thrivent ModeratePairCorr
  0.84THYFX Thrivent DiversifiedPairCorr
  0.87AAAGX Thrivent Large CapPairCorr
  0.8AAINX Thrivent OpportunityPairCorr
  0.93AALGX Thrivent Large Cap Potential GrowthPairCorr
  0.82AAMBX Thrivent Municipal BondPairCorr
  0.87AASCX Thrivent Mid CapPairCorr
  0.74AASMX Thrivent Small CapPairCorr
  0.92AAUTX Thrivent Large CapPairCorr
  0.92TLVIX Thrivent Large CapPairCorr
  0.95TMAIX Thrivent ModeratePairCorr
  1.0IBBFX Thrivent Balanced IncomePairCorr
  0.84TMBIX Thrivent Municipal BondPairCorr
  0.96TMAFX Thrivent ModeratelyPairCorr
  0.96TMAAX Thrivent ModeratelyPairCorr
  0.87TMCVX Thrivent Mid CapPairCorr
  0.75TMCGX Turner Emerging GrowthPairCorr
  0.87TMSIX Thrivent Mid CapPairCorr
  0.83LBIIX Thrivent IncomePairCorr
  0.93TAAAX Thrivent AggressivePairCorr
  0.93TAAIX Thrivent AggressivePairCorr
  0.69TSCGX Thrivent Small CapPairCorr
  0.73TSCSX Thrivent Small CapPairCorr
  0.83LUBIX Thrivent IncomePairCorr
  0.82TBFIX Thrivent Government BondPairCorr
  0.7IIINX Thrivent OpportunityPairCorr
  0.93IILGX Thrivent Large CapPairCorr
  0.94TCAAX Thrivent ModeratelyPairCorr
  0.93TCAIX Thrivent ModeratelyPairCorr
  0.84VWINX Vanguard Wellesley IncomePairCorr
  0.94VWIAX Vanguard Wellesley IncomePairCorr
  0.71BKMIX Blackrock Multi AssetPairCorr
  0.93HBLTX Hartford BalancedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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