Thrivent Moderate Allocation Fund Market Value
| THMAX Fund | USD 16.79 0.05 0.30% |
| Symbol | Thrivent |
Thrivent Moderate '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 Moderate'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 Moderate.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Thrivent Moderate on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Thrivent Moderate Allocation or generate 0.0% return on investment in Thrivent Moderate over 720 days. Thrivent Moderate is related to or competes with Thrivent Partner, Thrivent Partner, Thrivent Large, Thrivent Limited, Thrivent High, Thrivent Diversified, and Thrivent Large. The fund pursues its objective by investing in a combination of other funds managed by the Adviser and directly held fin... More
Thrivent Moderate 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 Moderate'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 Moderate Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5065 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.7326 |
Thrivent Moderate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Moderate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Moderate's standard deviation. In reality, there are many statistical measures that can use Thrivent Moderate historical prices to predict the future Thrivent Moderate's volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 0.0415 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (5.81) |
Thrivent Moderate Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Moderate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thrivent Moderate Allocation, which you can use to evaluate the volatility of the fund. Please validate Thrivent Moderate's Risk Adjusted Performance of 0.0751, semi deviation of 0.3695, and Coefficient Of Variation of 945.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.0502%. The entity has a beta of -0.007, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thrivent Moderate are expected to decrease at a much lower rate. During the bear market, Thrivent Moderate is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
Thrivent Moderate Allocation has modest predictability. Overlapping area represents the amount of predictability between Thrivent Moderate time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Moderate price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Thrivent Moderate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Thrivent Moderate lagged returns against current returns
Autocorrelation, which is Thrivent Moderate 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 Moderate's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Moderate returns to help us make a trade decision. For example, suppose you find that Thrivent Moderate 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 Moderate 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 Moderate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Moderate 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 Moderate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Moderate Lagged Returns
When evaluating Thrivent Moderate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Moderate mutual fund have on its future price. Thrivent Moderate 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 Moderate autocorrelation shows the relationship between Thrivent Moderate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Moderate Allocation.
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 Moderate 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 Moderate security.
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