Thrivent ETF Financial Statements From 2010 to 2026
| TSME Etf | USD 41.64 0.51 1.21% |
Check Thrivent ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thrivent ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . Thrivent financial statements analysis is a perfect complement when working with Thrivent ETF Valuation or Volatility modules.
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Thrivent ETF Trust ETF Beta Analysis
Thrivent ETF's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Thrivent ETF Beta | 1.36 |
Most of Thrivent ETF's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Thrivent ETF Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Thrivent ETF Trust has a Beta of 1.36. This is much higher than that of the Thrivent family and significantly higher than that of the Mid-Cap Blend category. The beta for all United States etfs is notably lower than that of the firm.
About Thrivent ETF Financial Statements
Thrivent ETF stakeholders use historical fundamental indicators, such as Thrivent ETF's revenue or net income, to determine how well the company is positioned to perform in the future. Although Thrivent ETF investors may analyze each financial statement separately, they are all interrelated. For example, changes in Thrivent ETF's assets and liabilities are reflected in the revenues and expenses on Thrivent ETF's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Thrivent ETF Trust. Please read more on our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund will invest primarily in companies that have market capitalizations within the range of those companies included in widely known small and mid-cap indices, such as the Russell 2500 Index, SP MidCap 400 Index, SP SmallCap 600 Index, or the small- to mid-sized company market capitalization classifications published by Morningstar. Thrivent ETF is traded on NYSEARCA Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Thrivent ETF Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thrivent ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thrivent Etf Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Thrivent Etf Trust Etf:Check out the analysis of Thrivent ETF Correlation against competitors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of Thrivent ETF Trust is measured differently than its book value, which is the value of Thrivent that is recorded on the company's balance sheet. Investors also form their own opinion of Thrivent ETF's value that differs from its market value or its book value, called intrinsic value, which is Thrivent ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thrivent ETF's market value can be influenced by many factors that don't directly affect Thrivent ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thrivent ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thrivent ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrivent ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.