Thrivent Limited Maturity Fund Market Value
| THLIX Fund | USD 12.37 0.01 0.08% |
| Symbol | Thrivent |
Thrivent Limited '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 Limited'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 Limited.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Thrivent Limited on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Thrivent Limited Maturity or generate 0.0% return on investment in Thrivent Limited over 360 days. Thrivent Limited is related to or competes with Calvert Global, Gmo Resources, Jennison Natural, and World Energy. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade debt securiti... More
Thrivent Limited 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 Limited'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 Limited Maturity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1325 | |||
| Information Ratio | (0.85) | |||
| Maximum Drawdown | 0.647 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.1629 |
Thrivent Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Limited's standard deviation. In reality, there are many statistical measures that can use Thrivent Limited historical prices to predict the future Thrivent Limited's volatility.| Risk Adjusted Performance | 0.0174 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.74) | |||
| Treynor Ratio | 0.3899 |
Thrivent Limited Maturity Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Limited Maturity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0799, which indicates the fund had a 0.0799% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Thrivent Limited Maturity, which you can use to evaluate the volatility of the fund. Please validate Thrivent Limited's Standard Deviation of 0.116, risk adjusted performance of 0.0174, and Downside Deviation of 0.1325 to confirm if the risk estimate we provide is consistent with the expected return of 0.0091%. The entity has a beta of 0.0029, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Limited is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Thrivent Limited Maturity has very good predictability. Overlapping area represents the amount of predictability between Thrivent Limited time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Limited Maturity price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Thrivent Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Thrivent Limited Maturity lagged returns against current returns
Autocorrelation, which is Thrivent Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Limited returns to help us make a trade decision. For example, suppose you find that Thrivent Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Limited Lagged Returns
When evaluating Thrivent Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Limited mutual fund have on its future price. Thrivent Limited 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 Limited autocorrelation shows the relationship between Thrivent Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Limited Maturity.
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 Limited 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 Limited security.
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |