Thrivent Aggressive Allocation Fund Market Value
| TAAAX Fund | USD 18.20 0.01 0.05% |
| Symbol | Thrivent |
Thrivent Aggressive '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 Aggressive'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 Aggressive.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Thrivent Aggressive on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Aggressive Allocation or generate 0.0% return on investment in Thrivent Aggressive over 90 days. Thrivent Aggressive is related to or competes with Thrivent Moderately, Thrivent Moderate, Thrivent Moderately, Thrivent Mid, and Thrivent Small. The fund pursues its objective by investing in a combination of other funds managed by the Adviser and directly held fin... More
Thrivent Aggressive 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 Aggressive'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 Aggressive Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6921 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.03 |
Thrivent Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Aggressive's standard deviation. In reality, there are many statistical measures that can use Thrivent Aggressive historical prices to predict the future Thrivent Aggressive's volatility.| Risk Adjusted Performance | 0.0518 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.7509 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Aggressive'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 Aggressive Backtested Returns
We consider Thrivent Aggressive very steady. Thrivent Aggressive owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0816, which indicates the fund had a 0.0816% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thrivent Aggressive Allocation, which you can use to evaluate the volatility of the fund. Please validate Thrivent Aggressive's Coefficient Of Variation of 1224.83, risk adjusted performance of 0.0518, and Semi Deviation of 0.6243 to confirm if the risk estimate we provide is consistent with the expected return of 0.0555%. The entity has a beta of 0.0606, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Aggressive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Aggressive is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Thrivent Aggressive Allocation has good reverse predictability. Overlapping area represents the amount of predictability between Thrivent Aggressive time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Aggressive price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Thrivent Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Thrivent Aggressive lagged returns against current returns
Autocorrelation, which is Thrivent Aggressive 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 Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Aggressive returns to help us make a trade decision. For example, suppose you find that Thrivent Aggressive 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 Aggressive 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 Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Aggressive 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 Aggressive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Aggressive Lagged Returns
When evaluating Thrivent Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Aggressive mutual fund have on its future price. Thrivent Aggressive 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 Aggressive autocorrelation shows the relationship between Thrivent Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Aggressive Allocation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Thrivent Aggressive Correlation, Thrivent Aggressive Volatility and Thrivent Aggressive Alpha and Beta module to complement your research on Thrivent Aggressive. Note that the Thrivent Aggressive information on this page should be used as a complementary analysis to other Thrivent Aggressive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Thrivent Aggressive 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.