Thrivent Diversified One Year Return vs. Price To Book
| AAHYX Fund | USD 7.22 0.01 0.14% |
For Thrivent Diversified profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Thrivent Diversified to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Thrivent Diversified Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Thrivent Diversified's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Thrivent Diversified Income over time as well as its relative position and ranking within its peers.
Thrivent |
Thrivent Diversified Price To Book vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Thrivent Diversified's current stock value. Our valuation model uses many indicators to compare Thrivent Diversified value to that of its competitors to determine the firm's financial worth. Thrivent Diversified Income is the top fund in one year return among similar funds. It is third largest fund in price to book among similar funds fabricating about 0.14 of Price To Book per One Year Return. The ratio of One Year Return to Price To Book for Thrivent Diversified Income is roughly 6.98 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Thrivent Diversified's earnings, one of the primary drivers of an investment's value.Thrivent Price To Book vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Thrivent Diversified |
| = | 13.40 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Thrivent Diversified |
| = | 1.92 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Thrivent Price To Book Comparison
Thrivent Diversified is currently under evaluation in price to book among similar funds.
Thrivent Diversified Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Thrivent Diversified, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Thrivent Diversified will eventually generate negative long term returns. The profitability progress is the general direction of Thrivent Diversified's change in net profit over the period of time. It can combine multiple indicators of Thrivent Diversified, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal circumstances, the fund invests 60-95 percent in debt securities and 5-40 percent in equity securities. The equity securities in which the fund invests may include common stock, preferred stock, securities convertible into common stock, or securities or other instruments the price of which is linked to the value of common stock.
Thrivent Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Thrivent Diversified. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Thrivent Diversified position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Thrivent Diversified's important profitability drivers and their relationship over time.
Use Thrivent Diversified in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thrivent Diversified position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thrivent Diversified will appreciate offsetting losses from the drop in the long position's value.Thrivent Diversified Pair Trading
Thrivent Diversified Income Pair Trading Analysis
The ability to find closely correlated positions to Thrivent Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thrivent Diversified when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thrivent Diversified - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thrivent Diversified Income to buy it.
The correlation of Thrivent Diversified is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thrivent Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thrivent Diversified moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thrivent Diversified can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Thrivent Diversified position
In addition to having Thrivent Diversified in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Corona Opportunity Thematic Idea Now
Corona Opportunity
Firms that are involved in some capacity in making products or providing services to the public to buttle the virus directly or indirectly. This also includes some defencive and contrarian stocks and ETFs that are managing to avoid the big market correction coused by coronavirus. The Corona Opportunity theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corona Opportunity Theme or any other thematic opportunities.
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Other Information on Investing in Thrivent Mutual Fund
To fully project Thrivent Diversified's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Thrivent Diversified at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Thrivent Diversified's income statement, its balance sheet, and the statement of cash flows.
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