Thrivent Mutual Funds Fund Market Value
| AMMXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Thrivent |
Please note, there is a significant difference between Thrivent Mutual's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thrivent Mutual is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrivent Mutual'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.
Thrivent Mutual '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 Mutual's money market 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 Mutual.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Thrivent Mutual on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Thrivent Mutual Funds or generate 0.0% return on investment in Thrivent Mutual over 720 days. Thrivent Mutual is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Thrivent Mutual is entity of United States More
Thrivent Mutual 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 Mutual's money market 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 Mutual Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 1.01 |
Thrivent Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Mutual's standard deviation. In reality, there are many statistical measures that can use Thrivent Mutual historical prices to predict the future Thrivent Mutual's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (2.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Mutual's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thrivent Mutual Funds Backtested Returns
At this stage we consider Thrivent Money Market Fund to be not too volatile. Thrivent Mutual Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Thrivent Mutual Funds, which you can use to evaluate the volatility of the fund. Please validate Thrivent Mutual's Variance of 0.0155, risk adjusted performance of 0.0427, and Coefficient Of Variation of 812.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0158%. The entity has a beta of -0.0024, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thrivent Mutual are expected to decrease at a much lower rate. During the bear market, Thrivent Mutual is likely to outperform the market.
Auto-correlation | 0.01 |
Virtually no predictability
Thrivent Mutual Funds has virtually no predictability. Overlapping area represents the amount of predictability between Thrivent Mutual time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 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 Mutual Funds price movement. The serial correlation of 0.01 indicates that just 1.0% of current Thrivent Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thrivent Mutual Funds lagged returns against current returns
Autocorrelation, which is Thrivent Mutual money market 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 Mutual's money market fund expected returns. We can calculate the autocorrelation of Thrivent Mutual returns to help us make a trade decision. For example, suppose you find that Thrivent Mutual has exhibited high autocorrelation historically, and you observe that the money market 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 Mutual 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 Mutual money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Mutual money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thrivent Mutual money market fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Mutual Lagged Returns
When evaluating Thrivent Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Mutual money market fund have on its future price. Thrivent Mutual 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 Mutual autocorrelation shows the relationship between Thrivent Mutual money market fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Mutual Funds.
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 Money Market Fund
Thrivent Mutual financial ratios help investors to determine whether Thrivent Money Market 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 Mutual security.
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