Thornburg Investment Correlations

Mutual Funds USA . 
Fund . Thornburg Investment Income
TIBAX Fund  USD 25.68  0.08  0.31%   
The current 90-days correlation between Thornburg Investment and Franklin Income Fund is 0.45 (i.e., Very weak diversification). The correlation of Thornburg Investment 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.

Thornburg Investment Correlation With Market

Good diversification

The correlation between Thornburg Investment Income and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg Investment Income 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 Thornburg Investment 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 nation.

Moving together with Thornburg Mutual Fund

  0.87TGIRX Thornburg InternationalPairCorr
  0.87TGVAX Thornburg InternationalPairCorr
  0.88TGVIX Thornburg InternationalPairCorr
  0.88TGVRX Thornburg InternationalPairCorr
  0.86THDCX Thornburg DevelopingPairCorr
  0.85THDAX Thornburg DevelopingPairCorr
  0.84THDIX Thornburg DevelopingPairCorr
  0.84THDRX Thornburg DevelopingPairCorr
  0.87THGIX Thornburg InternationalPairCorr
  0.87THGCX Thornburg InternationalPairCorr
  0.69THIFX Thornburg Limited TermPairCorr
  0.68THICX Thornburg Limited TermPairCorr
  0.77THMGX Thornburg InvestmentPairCorr
  0.85THOVX Thornburg Global OppPairCorr
  0.8THOAX Thornburg Global OppPairCorr
  0.85THOIX Thornburg Global OppPairCorr
  0.84THOGX Thornburg Global OppPairCorr
  0.85THOFX Thornburg Global OppPairCorr
  0.86THOCX Thornburg Global OppPairCorr
  0.85THORX Thornburg Global OppPairCorr
  0.67THRLX Thornburg Limited TermPairCorr
  0.69THRIX Thornburg Limited TermPairCorr
  0.68THRRX Thornburg Limited TermPairCorr

Moving against Thornburg Mutual Fund

  0.66TVRFX Thornburg ValuePairCorr
  0.64TVRRX Thornburg ValuePairCorr
  0.56THCGX Thornburg E GrowthPairCorr
  0.56THCRX Thornburg E GrowthPairCorr
  0.56THGRX Thornburg E GrowthPairCorr
  0.56THIGX Thornburg E GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thornburg Mutual Fund performing well and Thornburg Investment 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 Thornburg Investment'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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