Thrivent Small Cap Fund Market Value
TSCSX Fund | USD 30.10 0.01 0.03% |
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.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Thrivent Small on March 26, 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 Vanguard Small, Vanguard Small, Vanguard Small, Vanguard Small, Fidelity Small, Us Small, and T Rowe. 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 | 5.12 | |||
Value At Risk | (1.71) | |||
Potential Upside | 1.6 |
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 | 0.0475 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.0433 |
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 0.0487, which indicates the fund had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thrivent Small Cap, which you can use to evaluate the volatility of the fund. Please validate Thrivent Small's Risk Adjusted Performance of 0.0475, semi deviation of 1.13, and Coefficient Of Variation of 1440.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0532%. The entity has a beta of 1.5, 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 | 0.16 |
Very weak predictability
Thrivent Small Cap has very weak predictability. Overlapping area represents the amount of predictability between Thrivent Small time series from 26th of March 2024 to 10th of April 2024 and 10th of April 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 Small Cap price movement. The serial correlation of 0.16 indicates that over 16.0% of current Thrivent Small price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.16 | |
Spearman Rank Test | 0.45 | |
Residual Average | 0.0 | |
Price Variance | 0.15 |
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 |
Currently Active Assets on Macroaxis
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.