Thrivent Income Correlations

Mutual Funds . USA . 
Fund . Thrivent Income Fund
LBIIX Fund  USD 8.36  0.02  0.24%   
The current 90-days correlation between Thrivent Income and Delaware Limited Term Diversified is 0.56 (i.e., Very weak 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

Significant diversification

The correlation between Thrivent Income Fund and DJI is 0.06 (i.e., Significant 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

  0.84TWAAX Thrivent Partner WorPairCorr
  0.84TWAIX Thrivent Partner WorPairCorr
  0.87THLCX Thrivent Large CapPairCorr
  0.97THLIX Thrivent Limited MaturityPairCorr
  0.92THMAX Thrivent ModeratePairCorr
  0.89THMBX Thrivent High IncomePairCorr
  0.96THYFX Thrivent DiversifiedPairCorr
  0.87AAAGX Thrivent Large CapPairCorr
  0.95AABFX Thrivent Balanced IncomePairCorr
  0.99AAINX Thrivent OpportunityPairCorr
  0.97AAHYX Thrivent DiversifiedPairCorr
  0.87AALGX Thrivent Large CapPairCorr
  0.91AAMBX Thrivent Municipal BondPairCorr
  0.7AASMX Thrivent Small CapPairCorr
  0.8AAUTX Thrivent Large CapPairCorr
  0.8TLVIX Thrivent Large CapPairCorr
  0.92TMAIX Thrivent ModeratePairCorr
  0.95IBBFX Thrivent Balanced IncomePairCorr
  0.91TMBIX Thrivent Municipal BondPairCorr
  0.89TMAFX Thrivent ModeratelyPairCorr
  0.89TMAAX Thrivent ModeratelyPairCorr
  0.76TMCVX Thrivent Mid CapPairCorr
  0.96LBHYX Thrivent High YieldPairCorr
  0.97LBHIX Thrivent High YieldPairCorr
  0.88TAAAX Thrivent AggressivePairCorr
  0.88TAAIX Thrivent AggressivePairCorr
  0.71TSCSX Thrivent Small CapPairCorr
  0.98LUBIX Thrivent IncomePairCorr
  0.99TBFAX Thrivent Government BondPairCorr
  0.99TBFIX Thrivent Government BondPairCorr
  0.99IIINX Thrivent OpportunityPairCorr
  0.87IILGX Thrivent Large CapPairCorr
  0.95TCAAX Thrivent ModeratelyPairCorr
  0.99VICSX Vanguard IntermediatePairCorr
  0.99VFICX Vanguard Intermediate-terPairCorr
  0.99VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard Intermediate-terPairCorr

Related Correlations Analysis


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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