Thrivent Balanced Correlations

Mutual Funds . USA . 
Fund . Thrivent Balanced Income
IBBFX Fund  USD 14.75  0.01  0.07%   
The current 90-days correlation between Thrivent Balanced Income and Prudential Government Income is -0.16 (i.e., Good 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

Very poor diversification

The correlation between Thrivent Balanced Income and DJI is 0.86 (i.e., Very poor 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 Risk vs Return Analysis 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 price.

Moving together with Thrivent Mutual Fund

  0.94TWAAX Thrivent Partner WorPairCorr
  0.95TWAIX Thrivent Partner WorPairCorr
  0.82THLIX Thrivent Limited MaturityPairCorr
  0.96THMAX Thrivent ModeratePairCorr
  0.69THMBX Thrivent High IncomePairCorr
  0.97AABFX Thrivent Balanced IncomePairCorr
  0.83AAINX Thrivent OpportunityPairCorr
  0.88AAHYX Thrivent DiversifiedPairCorr
  0.97AALGX Thrivent Large CapPairCorr
  0.96AASCX Thrivent Mid CapPairCorr
  0.92AASMX Thrivent Small Cap Potential GrowthPairCorr
  0.96AAUTX Thrivent Large CapPairCorr
  0.98TLVIX Thrivent Large CapPairCorr
  0.97TMAIX Thrivent ModeratePairCorr
  0.65TMBIX Thrivent Municipal BondPairCorr
  0.97TMAFX Thrivent ModeratelyPairCorr
  0.97TMAAX Thrivent ModeratelyPairCorr
  0.99TMSIX Thrivent Mid CapPairCorr
  0.83LBHYX Thrivent High YieldPairCorr
  0.68LBIIX Thrivent IncomePairCorr
  0.84LBHIX Thrivent High YieldPairCorr
  0.82LBLAX Thrivent Limited MaturityPairCorr
  0.97TAAAX Thrivent AggressivePairCorr
  0.99TAAIX Thrivent AggressivePairCorr
  0.88TSCGX Thrivent Small CapPairCorr
  0.91TSCSX Thrivent Small Cap Potential GrowthPairCorr
  0.87LUBIX Thrivent IncomePairCorr
  0.81IIINX Thrivent OpportunityPairCorr
  0.97IILGX Thrivent Large CapPairCorr
  0.97TCAIX Thrivent ModeratelyPairCorr
  0.79VWIAX Vanguard Wellesley IncomePairCorr
  0.79VWINX Vanguard Wellesley IncomePairCorr

Related Correlations Analysis


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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