Thompson Bond Correlations

Mutual Funds . USA . 
Fund . Thompson Bond Fund
THOPX Fund  USD 10.63  0.01  0.09%   
The current 90-days correlation between Thompson Bond and Tcw Total Return is 0.84 (i.e., Very poor diversification). The correlation of Thompson Bond 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.

Thompson Bond Correlation With Market

Modest diversification

The correlation between Thompson Bond Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thompson Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thompson Bond 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 american community survey.

Moving together with Thompson Mutual Fund

  0.98VBIRX Vanguard Short TermPairCorr
  0.98VFSUX Vanguard Short TermPairCorr
  0.98VFSIX Vanguard Short TermPairCorr
  0.97VFSTX Vanguard Short TermPairCorr
  0.96VBITX Vanguard Short TermPairCorr
  0.96VBISX Vanguard Short TermPairCorr
  0.94LALDX Lord Abbett ShortPairCorr
  0.99VSCSX Vanguard Short TermPairCorr
  0.95LDLAX Lord Abbett ShortPairCorr
  0.96LDLRX Lord Abbett ShortPairCorr
  0.96PDI Pimco Dynamic IncomePairCorr
  0.66UIPIX Ultrashort Mid CapPairCorr
  0.96FTCAX Templeton Strained BondPairCorr
  0.83VUSIX Invesco Quality IncomePairCorr
  0.96NWHLX Nationwide BailardPairCorr
  0.97CBUDX Crossingbridge Ultra-shortPairCorr
  0.97PIPTX Virtus Kar GlobalPairCorr
  0.89FEHRX First Eagle HighPairCorr
  0.97VWTAX Tomorrows Scholar CollegePairCorr
  0.96SICIX Saat Servative StrategyPairCorr
  0.7FWIRX Nuveen Wisconsin MunPairCorr
  0.96LIBAX Columbia Total ReturnPairCorr
  0.94VWVUX Tomorrows Scholar CollegePairCorr
  0.97THCAX Thornburg Core PlusPairCorr
  0.95MYICX Mainstay InternationalPairCorr
  0.75GGICX Goldman Sachs GlobalPairCorr
  0.79MXKVX Great West ServativePairCorr
  0.85AVAYX Ab Virginia PortfolioPairCorr
  0.97MAHQX Blackrock Total RetPairCorr

Moving against Thompson Mutual Fund

  0.35THPMX Thompson MidcapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thompson Mutual Fund performing well and Thompson Bond 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 Thompson Bond'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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