Thrivent High Income Fund Market Value
| THMBX Fund | USD 9.81 0.02 0.20% |
| Symbol | Thrivent |
Thrivent High '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 High'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 High.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Thrivent High on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Thrivent High Income or generate 0.0% return on investment in Thrivent High over 360 days. Thrivent High is related to or competes with Thrivent Partner, Thrivent Partner, Thrivent Large, Thrivent Limited, Thrivent Moderate, Thrivent Diversified, and Thrivent Large. Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal bonds, the income of... More
Thrivent High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5036 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.4154 |
Thrivent High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent High's standard deviation. In reality, there are many statistical measures that can use Thrivent High historical prices to predict the future Thrivent High's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.0332 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.16) |
Thrivent High Income Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent High Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0822, which indicates the fund had a 0.0822% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thrivent High Income, which you can use to evaluate the volatility of the fund. Please validate Thrivent High's Coefficient Of Variation of 976.36, risk adjusted performance of 0.0608, and Semi Deviation of 0.2303 to confirm if the risk estimate we provide is consistent with the expected return of 0.0228%. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thrivent High are expected to decrease at a much lower rate. During the bear market, Thrivent High is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Thrivent High Income has good predictability. Overlapping area represents the amount of predictability between Thrivent High time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 High Income price movement. The serial correlation of 0.7 indicates that around 70.0% of current Thrivent High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thrivent High Income lagged returns against current returns
Autocorrelation, which is Thrivent High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Thrivent High returns to help us make a trade decision. For example, suppose you find that Thrivent High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent High Lagged Returns
When evaluating Thrivent High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent High mutual fund have on its future price. Thrivent High 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 High autocorrelation shows the relationship between Thrivent High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent High 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 High 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 High security.
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