Thrivent High Income Fund Price on October 16, 2024
| THMBX Fund | USD 9.79 0.02 0.20% |
Below is the normalized historical share price chart for Thrivent High Income extending back to March 01, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Thrivent High stands at 9.79, as last reported on the 28th of November, with the highest price reaching 9.79 and the lowest price hitting 9.79 during the day.
If you're considering investing in Thrivent Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent High Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0715, which indicates the fund had a 0.0715% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thrivent High Income, which you can use to evaluate the volatility of the fund. Please validate Thrivent High's Risk Adjusted Performance of 0.0351, semi deviation of 0.2429, and Coefficient Of Variation of 1448.85 to confirm if the risk estimate we provide is consistent with the expected return of 0.02%.
Thrivent Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Thrivent |
Sharpe Ratio = 0.0715
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Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Thrivent High is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thrivent High by adding it to a well-diversified portfolio.
Thrivent High Valuation on October 16, 2024
It is possible to determine the worth of Thrivent High on a given historical date. On October 16, 2024 Thrivent was worth 9.75 at the beginning of the trading date compared to the closed value of 9.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thrivent High mutual fund. Still, in general, we apply an absolute valuation method to find Thrivent High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Thrivent High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thrivent High's related companies.
| Open | High | Low | Close | Volume | |
| 9.75 | 9.75 | 9.75 | 9.75 | 1.00 | |
10/16/2024 | 9.75 | 9.75 | 9.75 | 9.75 | 1.00 |
| 9.75 | 9.75 | 9.75 | 9.75 | 1.00 |
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Thrivent High Trading Date Momentum on October 16, 2024
| On October 17 2024 Thrivent High Income was traded for 9.75 at the closing time. The highest daily price throughout the period was 9.75 and the lowest price was 9.75 . There was no trading activity during the period 1.0. Lack of trading volume on 10/17/2024 did not result in any price rise and fall. The trading price change to current closing price is 1.03% . |
Thrivent High Income Fundamentals Correlations and Trends
By evaluating Thrivent High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Thrivent High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thrivent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thrivent High Mutual Fund history
Thrivent High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Thrivent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thrivent High Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Thrivent High stock prices may prove useful in developing a viable investing in Thrivent High
Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal bonds, the income of which is exempt from federal income taxation. It invests at least 50 percent of its assets in debt securities that, at the time of purchase, are rated within or below the BBB major rating category by SP or Fitch, or the Baa major rating category by Moodys, or are unrated but considered to be of comparable quality by the Adviser.
Thrivent High Mutual Fund Technical Analysis
Thrivent High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Thrivent High Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Thrivent High Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Thrivent High November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Thrivent High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thrivent High shares will generate the highest return on investment. By undertsting and applying Thrivent High mutual fund market strength indicators, traders can identify Thrivent High Income entry and exit signals to maximize returns
Thrivent High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thrivent High's price direction in advance. Along with the technical and fundamental analysis of Thrivent Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thrivent to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | 0.0227 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.08) |
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Other Information on Investing in Thrivent Mutual Fund
Thrivent High financial ratios help investors to determine whether Thrivent Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Thrivent with respect to the benefits of owning Thrivent High security.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |