Thrivent Balanced Correlations

Mutual Funds . USA . 
Fund . Thrivent Balanced Income
AABFX Fund  USD 14.31  0.04  0.28%   
The current 90-days correlation between Thrivent Balanced Income and T Rowe Price is -0.06 (i.e., Good 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 0.76 (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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Balanced 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 census.

Moving together with Thrivent Mutual Fund

  0.96TWAAX Thrivent Partner WorPairCorr
  0.7THLCX Thrivent Large CapPairCorr
  0.85THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  1.0THYFX Thrivent DiversifiedPairCorr
  0.68AAAGX Thrivent Large CapPairCorr
  0.66AAINX Thrivent OpportunityPairCorr
  1.0AAHYX Thrivent DiversifiedPairCorr
  0.66AALGX Thrivent Large CapPairCorr
  0.93AASCX Thrivent Mid CapPairCorr
  0.64AASMX Thrivent Small CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.99TLVIX Thrivent Large CapPairCorr
  1.0TMAIX Thrivent ModeratePairCorr
  0.68IBBFX Thrivent Balanced IncomePairCorr
  0.99TMAFX Thrivent ModeratelyPairCorr
  0.68TMAAX Thrivent ModeratelyPairCorr
  0.84TMCVX Thrivent Mid CapPairCorr
  0.79TMCGX Turner Emerging GrowthPairCorr
  0.99LBHYX Thrivent High YieldPairCorr
  0.88LBIIX Thrivent IncomePairCorr
  0.66LBHIX Thrivent High YieldPairCorr
  0.85LBLAX Thrivent Limited MaturityPairCorr
  0.67TAAAX Thrivent AggressivePairCorr
  0.99TAAIX Thrivent AggressivePairCorr
  0.77TSCGX Thrivent Small CapPairCorr
  0.97TSCSX Thrivent Small CapPairCorr
  0.61LUBIX Thrivent IncomePairCorr
  0.85IIINX Thrivent OpportunityPairCorr
  0.84IILGX Thrivent Large CapPairCorr
  0.85TCAAX Thrivent ModeratelyPairCorr
  0.68TCAIX Thrivent ModeratelyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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