Thornburg International Correlations

Mutual Funds . USA . 
Fund . Thornburg International Value
THGCX Fund  USD 25.80  0.19  0.74%   
The current 90-days correlation between Thornburg International and Siit Large Cap is 0.16 (i.e., Average diversification). The correlation of Thornburg International 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 International Correlation With Market

Very weak diversification

The correlation between Thornburg International Value and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg International Value 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 International Value. 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 main economic indicators.

Moving together with Thornburg Mutual Fund

  0.67TVRRX Thornburg ValuePairCorr
  0.66TVRFX Thornburg ValuePairCorr
  0.7TGIRX Thornburg InternationalPairCorr
  0.69TGVAX Thornburg InternationalPairCorr
  0.69TGVIX Thornburg InternationalPairCorr
  0.69TGVRX Thornburg InternationalPairCorr
  0.75THCGX Thornburg E GrowthPairCorr
  0.73THCRX Thornburg E GrowthPairCorr
  0.96THDCX Thornburg DevelopingPairCorr
  0.68THDAX Thornburg DevelopingPairCorr
  0.68THDIX Thornburg DevelopingPairCorr
  0.96THDRX Thornburg DevelopingPairCorr
  0.63THGIX Thornburg InternationalPairCorr
  0.73THGRX Thornburg E GrowthPairCorr
  0.75THIGX Thornburg E GrowthPairCorr
  0.61THIRX Thornburg Limited TermPairCorr
  0.64THIQX Thornburg Limited TermPairCorr
  0.61THICX Thornburg Limited TermPairCorr
  0.87THNDX Thornburg New MexicoPairCorr
  0.67THNMX Thornburg New MexicoPairCorr
  0.67THNIX Thornburg New MexicoPairCorr
  0.71THOVX Thornburg Global OppPairCorr
  0.98THOAX Thornburg Global OppPairCorr
  0.71THOFX Thornburg Global OppPairCorr
  0.98THOCX Thornburg Global OppPairCorr
  0.98THORX Thornburg Global OppPairCorr
  0.61THRIX Thornburg Limited TermPairCorr
  0.62THRRX Thornburg Limited TermPairCorr
  0.98TIBCX Thornburg InvestmentPairCorr
  0.71TIBAX Thornburg InvestmentPairCorr
  0.72TIBIX Thornburg InvestmentPairCorr
  0.95TIGCX Thornburg InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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