Thrivent Etf Trust Etf Market Value
| TSME Etf | USD 39.34 0.87 2.26% |
| Symbol | Thrivent |
The market value of Thrivent ETF Trust is measured differently than its book value, which is the value of Thrivent that is recorded on the company's balance sheet. Investors also form their own opinion of Thrivent ETF's value that differs from its market value or its book value, called intrinsic value, which is Thrivent ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thrivent ETF's market value can be influenced by many factors that don't directly affect Thrivent ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thrivent ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thrivent ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrivent ETF'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 ETF '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 ETF's etf 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 ETF.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Thrivent ETF on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Thrivent ETF Trust or generate 0.0% return on investment in Thrivent ETF over 720 days. Thrivent ETF is related to or competes with Vanguard Mid, Vanguard Extended, IShares Core, IShares Russell, SPDR SP, First Trust, and Vanguard. Under normal market conditions, the fund will invest primarily in companies that have market capitalizations within the ... More
Thrivent ETF 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 ETF's etf 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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0708 | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 2.28 |
Thrivent ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent ETF's standard deviation. In reality, there are many statistical measures that can use Thrivent ETF historical prices to predict the future Thrivent ETF's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.0498 | |||
| Total Risk Alpha | 0.0313 | |||
| Sortino Ratio | 0.0821 | |||
| Treynor Ratio | 0.1193 |
Thrivent ETF Trust Backtested Returns
At this point, Thrivent ETF is very steady. Thrivent ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thrivent ETF Trust, which you can use to evaluate the volatility of the etf. Please validate Thrivent ETF's Semi Deviation of 0.8587, coefficient of variation of 685.29, and Risk Adjusted Performance of 0.114 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 1.47, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thrivent ETF will likely underperform.
Auto-correlation | -0.05 |
Very weak reverse predictability
Thrivent ETF Trust has very weak reverse predictability. Overlapping area represents the amount of predictability between Thrivent ETF time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 ETF Trust price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Thrivent ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 5.71 |
Thrivent ETF Trust lagged returns against current returns
Autocorrelation, which is Thrivent ETF etf'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 ETF's etf expected returns. We can calculate the autocorrelation of Thrivent ETF returns to help us make a trade decision. For example, suppose you find that Thrivent ETF has exhibited high autocorrelation historically, and you observe that the etf 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thrivent ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Thrivent ETF Lagged Returns
When evaluating Thrivent ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent ETF etf have on its future price. Thrivent ETF 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 ETF autocorrelation shows the relationship between Thrivent ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Thrivent ETF Trust.
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.When determining whether Thrivent ETF Trust is a strong investment it is important to analyze Thrivent ETF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Thrivent ETF's future performance. For an informed investment choice regarding Thrivent Etf, refer to the following important reports:Check out Thrivent ETF Correlation, Thrivent ETF Volatility and Thrivent ETF Alpha and Beta module to complement your research on Thrivent ETF. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Thrivent ETF technical etf 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, etf market cycles, or different charting patterns.