Thrivent Government Bond Fund Market Value

TBFIX Fund  USD 8.84  0.02  0.23%   
Thrivent Government's market value is the price at which a share of Thrivent Government trades on a public exchange. It measures the collective expectations of Thrivent Government Bond investors about its performance. Thrivent Government is trading at 8.84 as of the 11th of December 2024; that is 0.23 percent down since the beginning of the trading day. The fund's open price was 8.86.
With this module, you can estimate the performance of a buy and hold strategy of Thrivent Government Bond and determine expected loss or profit from investing in Thrivent Government over a given investment horizon. Check out Thrivent Government Correlation, Thrivent Government Volatility and Thrivent Government Alpha and Beta module to complement your research on Thrivent Government.
Symbol

Please note, there is a significant difference between Thrivent Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thrivent Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrivent Government'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 Government '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 Government'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 Government.
0.00
11/11/2024
No Change 0.00  0.0 
In 30 days
12/11/2024
0.00
If you would invest  0.00  in Thrivent Government on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Government Bond or generate 0.0% return on investment in Thrivent Government over 30 days. Thrivent Government is related to or competes with Kinetics Small, Ab Small, Ab Small, Champlain Small, Aqr Small, and Touchstone Small. The fund invests at least 80 percent of its net assets in U.S More

Thrivent Government 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 Government'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 Government Bond upside and downside potential and time the market with a certain degree of confidence.

Thrivent Government Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Government's standard deviation. In reality, there are many statistical measures that can use Thrivent Government historical prices to predict the future Thrivent Government's volatility.
Hype
Prediction
LowEstimatedHigh
8.558.849.13
Details
Intrinsic
Valuation
LowRealHigh
8.348.638.92
Details
Naive
Forecast
LowNextHigh
8.588.879.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.688.788.88
Details

Thrivent Government Bond Backtested Returns

Thrivent Government Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the fund had a -0.12% return per unit of risk over the last 3 months. Thrivent Government Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thrivent Government's Coefficient Of Variation of (1,080), variance of 0.0836, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.0816, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Government is expected to be smaller as well.

Auto-correlation

    
  -0.64  

Very good reverse predictability

Thrivent Government Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Thrivent Government time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Government Bond price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Thrivent Government price fluctuation can be explain by its past prices.
Correlation Coefficient-0.64
Spearman Rank Test0.41
Residual Average0.0
Price Variance0.0

Thrivent Government Bond lagged returns against current returns

Autocorrelation, which is Thrivent Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Government returns to help us make a trade decision. For example, suppose you find that Thrivent Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Government 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 Government mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Thrivent Government Lagged Returns

When evaluating Thrivent Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Government mutual fund have on its future price. Thrivent Government 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 Government autocorrelation shows the relationship between Thrivent Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Government Bond.
   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 Government 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 Government security.
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