Thrivent Government Correlations

Mutual Funds USA . 
Fund . Thrivent Government Bond
TBFIX Fund  USD 9.08  0.03  0.33%   
The current 90-days correlation between Thrivent Government Bond and Scout E Bond is 0.2 (i.e., Modest diversification). The correlation of Thrivent Government 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 Government Correlation With Market

Very good diversification

The correlation between Thrivent Government Bond and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Government Bond 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 Thrivent Government Bond. 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

  0.98THLIX Thrivent Limited MaturityPairCorr
  0.97THMBX Thrivent High IncomePairCorr
  0.93THYFX Thrivent DiversifiedPairCorr
  0.81AABFX Thrivent Balanced IncomePairCorr
  0.97AAINX Thrivent OpportunityPairCorr
  0.93AAHYX Thrivent DiversifiedPairCorr
  0.96AAMBX Thrivent Municipal BondPairCorr
  0.85TLVOX Thrivent Low VolatilityPairCorr
  0.81IBBFX Thrivent Balanced IncomePairCorr
  0.95TMBIX Thrivent Municipal BondPairCorr
  0.92TMLDX Thrivent MultidimensionalPairCorr
  0.92LBHYX Thrivent High YieldPairCorr
  0.98LBIIX Thrivent IncomePairCorr
  0.93LBHIX Thrivent High YieldPairCorr
  0.97LBLAX Thrivent Limited MaturityPairCorr
  0.98LUBIX Thrivent IncomePairCorr
  1.0TBFAX Thrivent Government BondPairCorr
  0.97IIINX Thrivent OpportunityPairCorr

Moving against Thrivent Mutual Fund

  0.69SMPSX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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