Thornburg Core Correlations

Mutual Funds . USA . 
Fund . Thornburg Core Plus
THCHX Fund   10.31  0.02  0.19%   
The current 90-days correlation between Thornburg Core Plus and Tax Managed Large Cap 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 0.27 (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 rate.

Moving together with Thornburg Mutual Fund

  0.63TGIRX Thornburg InternationalPairCorr
  0.63TGVAX Thornburg InternationalPairCorr
  0.63TGVIX Thornburg InternationalPairCorr
  0.63TGVRX Thornburg InternationalPairCorr
  1.0THCAX Thornburg Core PlusPairCorr
  0.62THCGX Thornburg E GrowthPairCorr
  0.62THCRX Thornburg E GrowthPairCorr
  0.62THDCX Thornburg DevelopingPairCorr
  0.63THDAX Thornburg DevelopingPairCorr
  0.63THDIX Thornburg DevelopingPairCorr
  0.63THDRX Thornburg DevelopingPairCorr
  0.63THGCX Thornburg InternationalPairCorr
  0.62THGRX Thornburg E GrowthPairCorr
  0.74THIMX Thornburg IntermediatePairCorr
  0.92THIIX Thornburg Limited TermPairCorr
  0.62THIGX Thornburg E GrowthPairCorr
  0.93THIRX Thornburg Limited TermPairCorr
  0.94THIQX Thornburg Limited TermPairCorr
  0.92THIFX Thornburg Limited TermPairCorr
  0.93THICX Thornburg Limited TermPairCorr
  0.73THMQX Thornburg IntermediatePairCorr
  0.75THNDX Thornburg New MexicoPairCorr
  0.76THNMX Thornburg New MexicoPairCorr
  0.78THNIX Thornburg New MexicoPairCorr
  0.73THMCX Thornburg IntermediatePairCorr
  0.73THMIX Thornburg IntermediatePairCorr
  0.62THOVX Thornburg Global OppPairCorr
  0.62THOAX Thornburg Global OppPairCorr
  0.62THOIX Thornburg Global OppPairCorr
  0.62THOGX Thornburg Global OppPairCorr
  0.62THOFX Thornburg Global OppPairCorr
  0.62THOCX Thornburg Global OppPairCorr
  0.62THORX Thornburg Global OppPairCorr
  0.92THRLX Thornburg Limited TermPairCorr

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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