Thrivent Municipal Bond Fund Market Value
| AAMBX Fund | USD 10.43 0.02 0.19% |
| Symbol | Thrivent |
Thrivent Municipal 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Thrivent Municipal's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Thrivent Municipal.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Thrivent Municipal on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Thrivent Municipal Bond or generate 0.0% return on investment in Thrivent Municipal over 420 days. Thrivent Municipal is related to or competes with Vanguard Long-term, Vanguard High-yield, Franklin Federal, and Franklin Federal. Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal bonds, the income of... More
Thrivent Municipal Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Thrivent Municipal's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Thrivent Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4597 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.3902 |
Thrivent Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Municipal's standard deviation. In reality, there are many statistical measures that can use Thrivent Municipal historical prices to predict the future Thrivent Municipal's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.3073 |
Thrivent Municipal Bond Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Municipal Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0718, which indicates the fund had a 0.0718% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thrivent Municipal Bond, which you can use to evaluate the volatility of the fund. Please validate Thrivent Municipal's Semi Deviation of 0.2277, coefficient of variation of 1102.89, and Risk Adjusted Performance of 0.0519 to confirm if the risk estimate we provide is consistent with the expected return of 0.0203%. The entity has a beta of 0.0499, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Municipal is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Thrivent Municipal Bond has very good predictability. Overlapping area represents the amount of predictability between Thrivent Municipal time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thrivent Municipal Bond price movement. The serial correlation of 0.85 indicates that around 85.0% of current Thrivent Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thrivent Municipal Bond lagged returns against current returns
Autocorrelation, which is Thrivent Municipal mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Thrivent Municipal's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Municipal returns to help us make a trade decision. For example, suppose you find that Thrivent Municipal has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Thrivent Municipal regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Thrivent Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thrivent Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Municipal Lagged Returns
When evaluating Thrivent Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Municipal mutual fund have on its future price. Thrivent Municipal autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Thrivent Municipal autocorrelation shows the relationship between Thrivent Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Municipal Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Thrivent Mutual Fund
Thrivent Municipal 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 Municipal security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |