Thrivent ETF Financials
| TSME Etf | USD 39.34 0.87 2.26% |
Net Expense Ratio 0.0065 |
Thrivent |
The data published in Thrivent ETF's official financial statements typically reflect Thrivent ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Thrivent ETF's quantitative information. For example, before you start analyzing numbers published by Thrivent accountants, it's essential to understand Thrivent ETF's liquidity, profitability, and earnings quality within the context of the Thrivent space in which it operates.
Please note, the presentation of Thrivent ETF's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Thrivent ETF's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Thrivent ETF's management manipulating its earnings.
Thrivent ETF Etf Summary
Thrivent ETF competes with Vanguard Mid, Vanguard Extended, IShares Core, IShares Russell, and SPDR SP. 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.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US88588G1094 |
| CUSIP | 88588G109 |
| Region | North America |
| Investment Issuer | Thrivent Asset Management |
| Etf Family | Thrivent |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | 800 847 4836 |
| Currency | USD - US Dollar |
Thrivent ETF Trust Systematic Risk
Thrivent ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Thrivent ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Thrivent ETF Trust correlated with the market. If Beta is less than 0 Thrivent ETF generally moves in the opposite direction as compared to the market. If Thrivent ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Thrivent ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Thrivent ETF is generally in the same direction as the market. If Beta > 1 Thrivent ETF moves generally in the same direction as, but more than the movement of the benchmark.
About Thrivent ETF Financials
What exactly are Thrivent ETF Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Thrivent ETF's income statement, its balance sheet, and the statement of cash flows. Potential Thrivent ETF investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Thrivent ETF investors may use each financial statement separately, they are all related. The changes in Thrivent ETF's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Thrivent ETF's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Thrivent ETF Thematic Clasifications
Thrivent ETF Trust is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasThrivent ETF November 21, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Thrivent ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Thrivent ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Thrivent ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing Thrivent Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Thrivent ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0708 | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 2.28 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.