Thrivent Partner Worldwide Fund Market Value
| TWAAX Fund | USD 10.74 0.02 0.19% |
| Symbol | Thrivent |
Thrivent Partner '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 Partner'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 Partner.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thrivent Partner on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Partner Worldwide or generate 0.0% return on investment in Thrivent Partner over 300 days. Thrivent Partner is related to or competes with Precious Metals, Invesco Gold, Ocm Mutual, Franklin Gold, and Oppenheimer Gold. The fund seeks to achieve its objective by investing primarily in equity securities of issuers throughout the world More
Thrivent Partner 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 Partner'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 Partner Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.29 |
Thrivent Partner Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Partner's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Partner's standard deviation. In reality, there are many statistical measures that can use Thrivent Partner historical prices to predict the future Thrivent Partner's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 2.01 |
Thrivent Partner Wor Backtested Returns
Thrivent Partner Wor owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0886, which indicates the fund had a -0.0886% return per unit of risk over the last 3 months. Thrivent Partner Worldwide exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thrivent Partner's Risk Adjusted Performance of (0.04), variance of 0.6302, and Coefficient Of Variation of (1,691) to confirm the risk estimate we provide. The entity has a beta of -0.0283, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thrivent Partner are expected to decrease at a much lower rate. During the bear market, Thrivent Partner is likely to outperform the market.
Auto-correlation | -0.07 |
Very weak reverse predictability
Thrivent Partner Worldwide has very weak reverse predictability. Overlapping area represents the amount of predictability between Thrivent Partner time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 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 Partner Wor price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Thrivent Partner price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Thrivent Partner Wor lagged returns against current returns
Autocorrelation, which is Thrivent Partner 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 Partner's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Partner returns to help us make a trade decision. For example, suppose you find that Thrivent Partner 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 Partner 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 Partner mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Partner 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 Partner mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Partner Lagged Returns
When evaluating Thrivent Partner's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Partner mutual fund have on its future price. Thrivent Partner 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 Partner autocorrelation shows the relationship between Thrivent Partner mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Partner Worldwide.
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 Partner 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 Partner security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |