Thrivent Etf Trust Etf Performance
| TSME Etf | USD 39.80 0.46 1.17% |
The entity has a beta of 1.48, 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.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Thrivent ETF Trust are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain primary indicators, Thrivent ETF may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Where are the Opportunities in - Stock Traders Daily | 11/15/2024 |
Thrivent |
Thrivent ETF Relative Risk vs. Return Landscape
If you would invest 3,529 in Thrivent ETF Trust on August 26, 2024 and sell it today you would earn a total of 451.00 from holding Thrivent ETF Trust or generate 12.78% return on investment over 90 days. Thrivent ETF Trust is currently generating 0.193% in daily expected returns and assumes 1.2678% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Thrivent, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Thrivent ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Thrivent ETF Trust, and traders can use it to determine the average amount a Thrivent ETF's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1523
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Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Thrivent ETF is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thrivent ETF by adding it to a well-diversified portfolio.
About Thrivent ETF Performance
By analyzing Thrivent ETF's fundamental ratios, stakeholders can gain valuable insights into Thrivent ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Thrivent ETF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Thrivent ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Under normal market conditions, the fund will invest primarily in companies that have market capitalizations within the range of those companies included in widely known small and mid-cap indices, such as the Russell 2500 Index, SP MidCap 400 Index, SP SmallCap 600 Index, or the small- to mid-sized company market capitalization classifications published by Morningstar. Thrivent ETF is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: Where are the Opportunities in - Stock Traders Daily |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.