Thrivent Income Correlations

Mutual Funds . USA . 
Fund . Thrivent Income Fund
LBIIX Fund  USD 8.19  0.03  0.37%   
The current 90-days correlation between Thrivent Income and Vanguard Global Equity is 0.08 (i.e., Significant 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

Average diversification

The correlation between Thrivent Income Fund and DJI is 0.14 (i.e., Average 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

  0.78TWAAX Thrivent Partner WorPairCorr
  0.96THLIX Thrivent Limited MaturityPairCorr
  0.87AABFX Thrivent Balanced IncomePairCorr
  0.95AAINX Thrivent OpportunityPairCorr
  0.79AALGX Thrivent Large CapPairCorr
  0.73AASMX Thrivent Small CapPairCorr
  0.83AAUTX Thrivent Large CapPairCorr
  0.75TLVIX Thrivent Large CapPairCorr
  0.78TAAIX Thrivent AggressivePairCorr
  0.73TSCSX Thrivent Small CapPairCorr
  0.62LUBIX Thrivent IncomePairCorr
  0.65TBFAX Thrivent Government BondPairCorr
  0.88TBFIX Thrivent Government BondPairCorr
  0.96IIINX Thrivent OpportunityPairCorr
  0.85VICSX Vanguard IntermediatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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