Thornburg Investment Correlations

Mutual Funds . USA . 
Fund . Thornburg Investment Income
TIBCX Fund  USD 27.71  0.07  0.25%   
The current 90-days correlation between Thornburg Investment and Franklin Income Fund is 0.6 (i.e., Poor diversification). The correlation of Thornburg Investment 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.

Thornburg Investment Correlation With Market

Very weak diversification

The correlation between Thornburg Investment Income and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg Investment Income 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 Thornburg Investment 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 main economic indicators.

Moving together with Thornburg Mutual Fund

  0.95TGIRX Thornburg InternationalPairCorr
  0.95TGVAX Thornburg InternationalPairCorr
  0.95TGVIX Thornburg InternationalPairCorr
  0.95TGVRX Thornburg InternationalPairCorr
  0.81THCAX Thornburg Core PlusPairCorr
  0.84THCHX Thornburg Core PlusPairCorr
  0.62THGIX Thornburg InternationalPairCorr
  0.95THGCX Thornburg InternationalPairCorr
  0.75THIMX Thornburg IntermediatePairCorr
  0.89THIIX Thornburg Limited TermPairCorr
  0.88THIRX Thornburg Limited TermPairCorr
  0.89THIQX Thornburg Limited TermPairCorr
  0.89THIFX Thornburg Limited TermPairCorr
  0.88THICX Thornburg Limited TermPairCorr
  0.72THMQX Thornburg IntermediatePairCorr
  0.75THNDX Thornburg New MexicoPairCorr
  0.72THMCX Thornburg IntermediatePairCorr
  0.74THMIX Thornburg IntermediatePairCorr
  0.95THOVX Thornburg Global OppPairCorr
  0.64THNYX Thornburg New YorkPairCorr
  0.95THOAX Thornburg Global OppPairCorr
  0.95THOIX Thornburg Global OppPairCorr
  0.95THOFX Thornburg Global OppPairCorr
  0.95THOCX Thornburg Global OppPairCorr
  0.95THORX Thornburg Global OppPairCorr
  0.89THRLX Thornburg Limited TermPairCorr
  0.88THRIX Thornburg Limited TermPairCorr
  0.89THRRX Thornburg Limited TermPairCorr
  0.95THVRX Thornburg InternationalPairCorr
  1.0TIBAX Thornburg InvestmentPairCorr
  1.0TIBMX Thornburg InvestmentPairCorr
  0.98TIBIX Thornburg InvestmentPairCorr

Moving against Thornburg Mutual Fund

  0.63TVRFX Thornburg ValuePairCorr
  0.62TVRRX Thornburg ValuePairCorr
  0.62THCGX Thornburg E GrowthPairCorr
  0.62THGRX Thornburg E GrowthPairCorr
  0.62THIGX Thornburg E GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thornburg Mutual Fund performing well and Thornburg Investment 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 Thornburg Investment'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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