Thrivent Mid Cap Fund Market Value
| TMSIX Fund | USD 35.80 0.29 0.82% |
| Symbol | Thrivent |
Thrivent Mid '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 Mid'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 Mid.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Thrivent Mid on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Thrivent Mid Cap or generate 0.0% return on investment in Thrivent Mid over 720 days. Thrivent Mid is related to or competes with Thrivent Small, Thrivent Large, Thrivent Large, Thrivent Aggressive, and Thrivent Limited. The fund invests at least 80 percent of its net assets in equity securities of mid-sized companies More
Thrivent Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9784 | |||
| Information Ratio | 0.0236 | |||
| Maximum Drawdown | 3.66 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.56 |
Thrivent Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Mid's standard deviation. In reality, there are many statistical measures that can use Thrivent Mid historical prices to predict the future Thrivent Mid's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 0.0757 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Mid'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 Mid Cap Backtested Returns
We consider Thrivent Mid very steady. Thrivent Mid Cap 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. We have found twenty-eight technical indicators for Thrivent Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Thrivent Mid's Coefficient Of Variation of 794.65, risk adjusted performance of 0.0804, and Semi Deviation of 0.8411 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 1.32, 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 Mid will likely underperform.
Auto-correlation | 0.35 |
Below average predictability
Thrivent Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Thrivent Mid time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Mid Cap price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Thrivent Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 4.99 |
Thrivent Mid Cap lagged returns against current returns
Autocorrelation, which is Thrivent Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Mid returns to help us make a trade decision. For example, suppose you find that Thrivent Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Mid Lagged Returns
When evaluating Thrivent Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Mid mutual fund have on its future price. Thrivent Mid 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 Mid autocorrelation shows the relationship between Thrivent Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Mid Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Thrivent Mid in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Thrivent Mid's short interest history, or implied volatility extrapolated from Thrivent Mid options trading.
Currently Active Assets on Macroaxis
Check out Thrivent Mid Correlation, Thrivent Mid Volatility and Thrivent Mid Alpha and Beta module to complement your research on Thrivent Mid. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Thrivent Mid 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.