| AABFX Fund | | | USD 13.93 0.01 0.07% |
The current 90-days correlation between Thrivent Balanced Income and Gabelli Convertible And is 0.44 (i.e., Very weak 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
Poor diversification
The correlation between Thrivent Balanced Income and DJI is 0.74 (i.e., Poor 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.
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