Thornburg International Correlations

TIGCX Fund

USD 19.95 0.03 0.15%

The current 90-days correlation between Thornburg International and Touchstone Small Cap is 0.2 (i.e., Modest diversification). The correlation of Thornburg International 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 International Correlation With Market

Average diversification

The correlation between Thornburg International Growth and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg International Growth 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 International Growth. 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

0.64	TGIRX	Thornburg International	Pair Corr
0.64	TGVAX	Thornburg International	Pair Corr
0.64	TGVIX	Thornburg International	Pair Corr
0.64	TGVRX	Thornburg International	Pair Corr
0.64	THGIX	Thornburg International	Pair Corr
0.65	THGCX	Thornburg International	Pair Corr
0.88	THOVX	Thornburg Global Opp	Pair Corr
0.61	THOCX	Thornburg Global Opp	Pair Corr

Moving against Thornburg Mutual Fund

0.37	THGRX	Thornburg E Growth	Pair Corr
0.37	THIGX	Thornburg E Growth	Pair Corr
0.36	THCGX	Thornburg E Growth	Pair Corr
0.36	THCRX	Thornburg E Growth	Pair Corr

Related Correlations Analysis

	TVOYX	RRSVX	FCSGX	ASCGX	LMBMX	LMLRX	RYSVX
TVOYX		0.99	0.9	0.8	0.96	0.86	0.91	TVOYX
RRSVX	0.99		0.94	0.86	0.92	0.86	0.95	RRSVX
FCSGX	0.9	0.94		0.95	0.77	0.77	0.96	FCSGX
ASCGX	0.8	0.86	0.95		0.66	0.78	0.93	ASCGX
LMBMX	0.96	0.92	0.77	0.66		0.85	0.79	LMBMX
LMLRX	0.86	0.86	0.77	0.78	0.85		0.83	LMLRX
RYSVX	0.91	0.95	0.96	0.93	0.79	0.83		RYSVX
	TVOYX	RRSVX	FCSGX	ASCGX	LMBMX	LMLRX	RYSVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TVOYX	0.81	0.02	0.01	0.06	0.96	(0.93)	1.56	(1.59)	9.38
RRSVX	0.84	0.02	0.01	0.06	1.00	(1.03)	1.69	(1.66)	10.30
FCSGX	0.87	0.07	0.05	0.19	1.08	(0.94)	1.70	(1.49)	9.09
ASCGX	1.11	0.05	0.03	0.09	1.41	(1.11)	2.24	(2.22)	8.49
LMBMX	0.98	(0.06)	0.00	(0.06)	0.00	0.00	1.85	(1.85)	10.46
LMLRX	0.28	(0.02)	0.00	(0.10)	0.00	0.00	0.54	(0.54)	2.14
RYSVX	0.93	0.04	0.03	0.11	1.21	(0.96)	1.99	(1.76)	10.89

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