Thrivent Income Correlations

Mutual Funds . USA . 
Fund . Thrivent Income Fund
LUBIX Fund  USD 8.24  0.01  0.12%   
The current 90-days correlation between Thrivent Income and Aqr Managed Futures is -0.01 (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 -0.1 (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

  0.74TWAAX Thrivent Partner WorPairCorr
  0.73TWAIX Thrivent Partner WorPairCorr
  0.75THLIX Thrivent Limited MaturityPairCorr
  0.94AAINX Thrivent OpportunityPairCorr
  0.7AAMBX Thrivent Municipal BondPairCorr
  0.8TLVOX Thrivent Low VolatilityPairCorr
  0.7TMBIX Thrivent Municipal BondPairCorr
  1.0LBIIX Thrivent IncomePairCorr
  0.72LBLAX Thrivent Limited MaturityPairCorr
  0.97TBFAX Thrivent Government BondPairCorr
  0.97TBFIX Thrivent Government BondPairCorr
  0.92IIINX Thrivent OpportunityPairCorr

Moving against Thrivent Mutual Fund

  0.63TMCVX Thrivent Mid CapPairCorr
  0.61AAUTX Thrivent Large CapPairCorr
  0.61TLVIX Thrivent Large CapPairCorr
  0.6THLCX Thrivent Large CapPairCorr
  0.59AAAGX Thrivent Large CapPairCorr
  0.59TMCGX Turner Emerging GrowthPairCorr
  0.55AASMX Thrivent Small CapPairCorr
  0.53TMSIX Thrivent Mid CapPairCorr
  0.52AASCX Thrivent Mid CapPairCorr
  0.48TMAFX Thrivent ModeratelyPairCorr
  0.47TMAAX Thrivent ModeratelyPairCorr
  0.45THMAX Thrivent ModeratePairCorr
  0.45TMAIX Thrivent ModeratePairCorr
  0.41AALGX Thrivent Large CapPairCorr
  0.62VSTSX Vanguard Total StockPairCorr
  0.62VSMPX Vanguard Total StockPairCorr
  0.62VITSX Vanguard Total StockPairCorr
  0.62VFFSX Vanguard 500 IndexPairCorr
  0.55TSCSX Thrivent Small CapPairCorr
  0.54TAAAX Thrivent AggressivePairCorr
  0.54TAAIX Thrivent AggressivePairCorr
  0.54TSCGX Thrivent Small CapPairCorr
  0.42IILGX 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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