Thrivent Diversified Income Fund Market Value
| AAHYX Fund | USD 7.21 0.01 0.14% |
| Symbol | Thrivent |
Thrivent Diversified '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 Diversified'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 Diversified.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Thrivent Diversified on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Diversified Income or generate 0.0% return on investment in Thrivent Diversified over 30 days. Thrivent Diversified is related to or competes with Thrivent High, Thrivent Limited, Thrivent Large, Thrivent Mid, and Thrivent Moderate. Under normal circumstances, the fund invests 60-95 percent in debt securities and 5-40 percent in equity securities More
Thrivent Diversified 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 Diversified'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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2707 | |||
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 0.9783 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.2821 |
Thrivent Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Diversified's standard deviation. In reality, there are many statistical measures that can use Thrivent Diversified historical prices to predict the future Thrivent Diversified's volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.0715 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Diversified's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thrivent Diversified Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Diversified owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0978, which indicates the fund had a 0.0978% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thrivent Diversified Income, which you can use to evaluate the volatility of the fund. Please validate Thrivent Diversified's Risk Adjusted Performance of 0.0483, semi deviation of 0.1481, and Coefficient Of Variation of 1063.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.0221%. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Diversified is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Thrivent Diversified Income has modest predictability. Overlapping area represents the amount of predictability between Thrivent Diversified time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Diversified price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Thrivent Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thrivent Diversified lagged returns against current returns
Autocorrelation, which is Thrivent Diversified 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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Diversified returns to help us make a trade decision. For example, suppose you find that Thrivent Diversified 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Diversified 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 Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Diversified Lagged Returns
When evaluating Thrivent Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Diversified mutual fund have on its future price. Thrivent Diversified 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 Diversified autocorrelation shows the relationship between Thrivent Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Diversified Income.
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 Diversified 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 Diversified security.
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