Thornburg Core Correlations

Mutual Funds . USA . 
Fund . Thornburg Core Plus
THCAX Fund   10.31  0.01  0.1%   
The current 90-days correlation between Thornburg Core Plus and Tweedy Browne Global is 0.2 (i.e., Modest diversification). The correlation of Thornburg Core 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 Core Correlation With Market

Modest diversification

The correlation between Thornburg Core Plus and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg Core Plus 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 Core Plus. 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 nation.

Moving together with Thornburg Mutual Fund

  0.62TGIRX Thornburg InternationalPairCorr
  0.62TGVAX Thornburg InternationalPairCorr
  0.62TGVIX Thornburg InternationalPairCorr
  0.62TGVRX Thornburg InternationalPairCorr
  0.61THCGX Thornburg E GrowthPairCorr
  1.0THCHX Thornburg Core PlusPairCorr
  0.61THCRX Thornburg E GrowthPairCorr
  0.62THDCX Thornburg DevelopingPairCorr
  0.62THDAX Thornburg DevelopingPairCorr
  0.62THDIX Thornburg DevelopingPairCorr
  0.62THDRX Thornburg DevelopingPairCorr
  0.62THGCX Thornburg InternationalPairCorr
  0.62THGRX Thornburg E GrowthPairCorr
  0.74THIMX Thornburg IntermediatePairCorr
  0.61THIGX Thornburg E GrowthPairCorr
  0.93THIRX Thornburg Limited TermPairCorr
  0.94THIQX Thornburg Limited TermPairCorr
  0.92THIFX Thornburg Limited TermPairCorr
  0.93THICX Thornburg Limited TermPairCorr
  0.72THMQX Thornburg IntermediatePairCorr
  0.75THNMX Thornburg New MexicoPairCorr
  0.77THNIX Thornburg New MexicoPairCorr
  0.73THMCX Thornburg IntermediatePairCorr
  0.73THMIX Thornburg IntermediatePairCorr
  0.61THOVX Thornburg Global OppPairCorr
  0.61THOAX Thornburg Global OppPairCorr
  0.61THOGX Thornburg Global OppPairCorr
  0.61THOFX Thornburg Global OppPairCorr
  0.61THOCX Thornburg Global OppPairCorr
  0.91THRLX Thornburg Limited TermPairCorr
  0.92THRIX Thornburg Limited TermPairCorr
  0.92THRRX Thornburg Limited TermPairCorr
  0.62THVRX Thornburg InternationalPairCorr
  0.66TIBCX Thornburg InvestmentPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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