Thrivent Income Correlations

Mutual Funds . USA . 
Fund . Thrivent Income Fund
LBIIX Fund  USD 8.14  0.03  0.37%   
The current 90-days correlation between Thrivent Income and American Century Diversified is 0.97 (i.e., Almost no diversification). The correlation of Thrivent Income 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 Income Correlation With Market

Average diversification

The correlation between Thrivent Income Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Income Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Thrivent Income Fund. 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 gross domestic product.

Moving together with Thrivent Mutual Fund

  0.85TWAAX Thrivent Partner WorPairCorr
  0.86TWAIX Thrivent Partner WorPairCorr
  0.91THLIX Thrivent Limited MaturityPairCorr
  0.67THYFX Thrivent DiversifiedPairCorr
  0.96AAINX Thrivent OpportunityPairCorr
  0.64AAHYX Thrivent DiversifiedPairCorr
  0.64AAMBX Thrivent Municipal BondPairCorr
  0.78LBHYX Thrivent High YieldPairCorr
  0.75LBHIX Thrivent High YieldPairCorr
  0.92LBLAX Thrivent Limited MaturityPairCorr
  0.98TBFAX Thrivent Government BondPairCorr
  0.98TBFIX Thrivent Government BondPairCorr
  0.96IIINX Thrivent OpportunityPairCorr
  0.99VICSX Vanguard Intermediate-terPairCorr
  1.0VFICX Vanguard Intermediate-terPairCorr
  1.0VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard Intermediate-terPairCorr
  1.0PBDPX Pimco Investment GradePairCorr
  1.0PIGIX Investment Grade PoratePairCorr
  1.0PGCAX Investment Grade PoratePairCorr

Moving against Thrivent Mutual Fund

  0.67AASMX Thrivent Small CapPairCorr
  0.61THLCX Thrivent Large CapPairCorr
  0.61AAAGX Thrivent Large CapPairCorr
  0.51AASCX Thrivent Mid CapPairCorr
  0.67TSCGX Thrivent Small CapPairCorr
  0.67TSCSX Thrivent Small CapPairCorr
  0.55TMCGX Turner Emerging GrowthPairCorr
  0.51TMSIX Thrivent Mid CapPairCorr
  0.35TAAAX Thrivent AggressivePairCorr
  0.35TAAIX Thrivent AggressivePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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