Thrivent Small Cap Fund Market Value
| AASMX Fund | USD 21.47 0.15 0.70% |
| Symbol | Thrivent |
Thrivent Small '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 Small'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 Small.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Thrivent Small on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Small Cap or generate 0.0% return on investment in Thrivent Small over 30 days. Thrivent Small is related to or competes with Thrivent Partner, Thrivent Partner, Thrivent Large, Thrivent Limited, Thrivent Moderate, Thrivent High, and Thrivent Diversified. The fund invests at least 80 percent of its net assets in equity securities of small companies More
Thrivent Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.16 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.62 |
Thrivent Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Small's standard deviation. In reality, there are many statistical measures that can use Thrivent Small historical prices to predict the future Thrivent Small's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0232 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Small'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 Small Cap Backtested Returns
We consider Thrivent Small very steady. Thrivent Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.015, which indicates the fund had a 0.015% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thrivent Small Cap, which you can use to evaluate the volatility of the fund. Please validate Thrivent Small's Semi Deviation of 1.1, risk adjusted performance of 0.03, and Coefficient Of Variation of 2399.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.0159%. The entity has a beta of 1.49, 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 Small will likely underperform.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Thrivent Small Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thrivent Small time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Small Cap price movement. The serial correlation of -0.19 indicates that over 19.0% of current Thrivent Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Thrivent Small Cap lagged returns against current returns
Autocorrelation, which is Thrivent Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Small returns to help us make a trade decision. For example, suppose you find that Thrivent Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Small Lagged Returns
When evaluating Thrivent Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Small mutual fund have on its future price. Thrivent Small 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 Small autocorrelation shows the relationship between Thrivent Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Small Cap.
Regressed Prices |
| Timeline |
Pair Trading with Thrivent Small
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 Small 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 Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Thrivent Mutual Fund
| 0.86 | TWAAX | Thrivent Partner Wor | PairCorr |
| 0.86 | TWAIX | Thrivent Partner Wor | PairCorr |
| 0.88 | THLCX | Thrivent Large Cap | PairCorr |
| 0.79 | THLIX | Thrivent Limited Maturity | PairCorr |
| 0.94 | THMAX | Thrivent Moderate | PairCorr |
The ability to find closely correlated positions to Thrivent Small 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 Small 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 Small - 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 Small Cap to buy it.
The correlation of Thrivent Small 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 Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thrivent Small Cap 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 Small 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.Check out Thrivent Small Correlation, Thrivent Small Volatility and Thrivent Small Alpha and Beta module to complement your research on Thrivent Small. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Thrivent Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.