Thornburg Value Correlations
TVIFX Fund | USD 85.50 0.83 0.98% |
The current 90-days correlation between Thornburg Value and Thornburg Value Fund is 1.0 (i.e., No risk reduction). The correlation of Thornburg Value 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 Value Correlation With Market
Modest diversification
The correlation between Thornburg Value Fund and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg Value Fund and DJI in the same portfolio, assuming nothing else is changed.
Thornburg |
Moving together with Thornburg Mutual Fund
1.0 | TVRRX | Thornburg Value | PairCorr |
0.96 | TVRFX | Thornburg Value | PairCorr |
0.92 | THCGX | Thornburg E Growth | PairCorr |
0.92 | THCRX | Thornburg E Growth | PairCorr |
0.96 | THGRX | Thornburg E Growth | PairCorr |
0.97 | THIGX | Thornburg E Growth | PairCorr |
Moving against Thornburg Mutual Fund
0.78 | THGIX | Thornburg International | PairCorr |
0.77 | THGCX | Thornburg International | PairCorr |
0.75 | TGVAX | Thornburg International | PairCorr |
0.75 | TGVRX | Thornburg International | PairCorr |
0.74 | TGIRX | Thornburg International | PairCorr |
0.74 | TGVIX | Thornburg International | PairCorr |
0.61 | THDCX | Thornburg Developing | PairCorr |
0.54 | THDAX | Thornburg Developing | PairCorr |
0.53 | THDRX | Thornburg Developing | PairCorr |
0.52 | THDIX | Thornburg Developing | PairCorr |
0.35 | THIFX | Thornburg Limited Term | PairCorr |
0.75 | THVRX | Thornburg International | PairCorr |
0.74 | TIBCX | Thornburg Investment | PairCorr |
0.64 | THOCX | Thornburg Global Opp | PairCorr |
0.61 | THORX | Thornburg Global Opp | PairCorr |
0.6 | THOVX | Thornburg Global Opp | PairCorr |
0.59 | THOIX | Thornburg Global Opp | PairCorr |
0.59 | THOFX | Thornburg Global Opp | PairCorr |
0.58 | THOGX | Thornburg Global Opp | PairCorr |
0.49 | THMGX | Thornburg Investment | PairCorr |
0.36 | THICX | Thornburg Limited Term | PairCorr |
0.36 | THOAX | Thornburg Global Opp | PairCorr |
0.36 | THRIX | Thornburg Limited Term | PairCorr |
0.35 | THRLX | Thornburg Limited Term | PairCorr |
0.35 | THRRX | Thornburg Limited Term | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thornburg Mutual Fund performing well and Thornburg Value 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 Value'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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
TVRRX | 0.81 | 0.05 | 0.03 | 0.19 | 0.99 | 1.55 | 9.21 | |||
TVRFX | 0.82 | 0.02 | 0.03 | 0.05 | 0.97 | 1.54 | 9.19 | |||
TGIRX | 0.68 | (0.19) | 0.00 | (1.57) | 0.00 | 1.01 | 7.02 | |||
TGVAX | 0.68 | (0.19) | 0.00 | (1.62) | 0.00 | 1.01 | 7.23 | |||
TGVIX | 0.68 | (0.19) | 0.00 | (1.60) | 0.00 | 1.00 | 6.99 | |||
TGVRX | 0.67 | (0.19) | 0.00 | (1.64) | 0.00 | 1.01 | 7.17 | |||
THCGX | 0.93 | 0.04 | 0.03 | 0.06 | 1.25 | 2.02 | 8.26 | |||
THCRX | 0.93 | 0.04 | 0.03 | 0.06 | 1.25 | 2.03 | 8.24 | |||
THDCX | 0.64 | (0.05) | 0.00 | (0.29) | 0.00 | 1.17 | 4.36 | |||
THDAX | 0.65 | (0.05) | 0.00 | 1.93 | 0.00 | 1.14 | 4.45 |