Thrivent Income Correlations

Mutual Funds . USA . 
Fund . Thrivent Income Fund
LBIIX Fund  USD 8.12  0.01  0.12%   
The current 90-days correlation between Thrivent Income and Baird Strategic Municipal is -0.17 (i.e., Good diversification). The correlation of Thrivent Income 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 Income Correlation With Market

Good diversification

The correlation between Thrivent Income Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Income Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Thrivent Income Fund. 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

  0.71TWAAX Thrivent Partner WorPairCorr
  0.68TWAIX Thrivent Partner WorPairCorr
  0.66THMBX Thrivent High IncomePairCorr
  0.86AAINX Thrivent OpportunityPairCorr
  0.75AAMBX Thrivent Municipal BondPairCorr
  0.75TLVOX Thrivent Low VolatilityPairCorr
  0.75TMBIX Thrivent Municipal BondPairCorr
  1.0LUBIX Thrivent IncomePairCorr
  0.94TBFIX Thrivent Government BondPairCorr
  0.83IIINX Thrivent OpportunityPairCorr

Moving against Thrivent Mutual Fund

  0.56AAUTX Thrivent Large CapPairCorr
  0.56TLVIX Thrivent Large CapPairCorr
  0.54THLCX Thrivent Large CapPairCorr
  0.54AAAGX Thrivent Large CapPairCorr
  0.54AASMX Thrivent Small CapPairCorr
  0.52AASCX Thrivent Mid CapPairCorr
  0.39TMAIX Thrivent ModeratePairCorr
  0.38THMAX Thrivent ModeratePairCorr
  0.35AALGX Thrivent Large CapPairCorr
  0.6TMCVX Thrivent Mid CapPairCorr
  0.56TMCGX Turner Emerging GrowthPairCorr
  0.54TSCGX Thrivent Small CapPairCorr
  0.54TSCSX Thrivent Small CapPairCorr
  0.52TMSIX Thrivent Mid CapPairCorr
  0.51TAAAX Thrivent AggressivePairCorr
  0.49TAAIX Thrivent AggressivePairCorr
  0.45TMAAX Thrivent ModeratelyPairCorr
  0.42TMAFX Thrivent ModeratelyPairCorr
  0.35IILGX Thrivent Large CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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