Thrivent Balanced Correlations

Mutual Funds USA . 
Fund . Thrivent Balanced Income
AABFX Fund  USD 14.39  0.03  0.21%   
The current 90-days correlation between Thrivent Balanced Income and United Kingdom Small is 0.47 (i.e., Very weak diversification). The correlation of Thrivent Balanced 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 Balanced Correlation With Market

Good diversification

The correlation between Thrivent Balanced Income and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Balanced Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Balanced Income. 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 census.

Moving together with Thrivent Mutual Fund

  0.97TWAAX Thrivent Partner WorPairCorr
  0.96TWAIX Thrivent Partner WorPairCorr
  0.99THLCX Thrivent Large CapPairCorr
  0.94THLIX Thrivent Limited MaturityPairCorr
  1.0THMAX Thrivent ModeratePairCorr
  0.98THYFX Thrivent DiversifiedPairCorr
  0.99AAAGX Thrivent Large CapPairCorr
  0.98AAINX Thrivent OpportunityPairCorr
  1.0AAHYX Thrivent DiversifiedPairCorr
  0.99AALGX Thrivent Large CapPairCorr
  0.94AASCX Thrivent Mid CapPairCorr
  0.97AASMX Thrivent Small CapPairCorr
  0.99AAUTX Thrivent Large CapPairCorr
  0.98TLVIX Thrivent Large CapPairCorr
  1.0TMAIX Thrivent ModeratePairCorr
  0.98IBBFX Thrivent Balanced IncomePairCorr
  1.0TMAFX Thrivent ModeratelyPairCorr
  1.0TMAAX Thrivent ModeratelyPairCorr
  0.96TMCVX Thrivent Mid CapPairCorr
  0.96TMCGX Turner Emerging GrowthPairCorr
  0.92TMSIX Thrivent Mid CapPairCorr
  0.99LBHYX Thrivent High YieldPairCorr
  0.88LBIIX Thrivent IncomePairCorr
  0.98LBHIX Thrivent High YieldPairCorr
  0.95LBLAX Thrivent Limited MaturityPairCorr
  0.99TAAAX Thrivent AggressivePairCorr
  0.99TAAIX Thrivent AggressivePairCorr
  0.94TSCGX Thrivent Small CapPairCorr
  0.95TSCSX Thrivent Small CapPairCorr
  0.9LUBIX Thrivent IncomePairCorr
  0.96IIINX Thrivent OpportunityPairCorr
  0.99IILGX Thrivent Large CapPairCorr
  1.0TCAAX Thrivent ModeratelyPairCorr
  1.0TCAIX Thrivent ModeratelyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Balanced 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 Balanced'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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