THRIVENT Mutual Fund Market Value

Mutual Funds . USA . 
Fund . THRIVENT PARTNER WORLDWIDE
TWAAX Fund  USD 9.67  0.05  0.52%   
THRIVENT PARTNER's market value is the price at which a share of THRIVENT PARTNER stock trades on a public exchange. It measures the collective expectations of THRIVENT PARTNER WORLDWIDE investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of THRIVENT PARTNER WORLDWIDE and determine expected loss or profit from investing in THRIVENT PARTNER over a given investment horizon. Check out THRIVENT PARTNER Correlation, THRIVENT PARTNER Volatility and THRIVENT PARTNER Alpha and Beta module to complement your research on THRIVENT PARTNER.
Symbol

Financial
Analysis
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Buy or Sell
Advice
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Technical
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Please note, there is a significant difference between THRIVENT PARTNER's value and its price as these two are different measures arrived at by different means. Investors typically determine if THRIVENT PARTNER is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THRIVENT PARTNER's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

THRIVENT PARTNER '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 PARTNER'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 PARTNER.
0.00
12/08/2022
No Change 0.00  0.0 
In 5 months and 30 days
06/06/2023
0.00
If you would invest  0.00  in THRIVENT PARTNER on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding THRIVENT PARTNER WORLDWIDE or generate 0.0% return on investment in THRIVENT PARTNER over 180 days. THRIVENT PARTNER is related to or competes with VANGUARD TOTAL, and VANGUARD FTSE. The fund seeks to achieve its objective by investing primarily in equity securities of issuers throughout the world More

THRIVENT PARTNER 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 PARTNER'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 PARTNER WORLDWIDE upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation0.8824
Information Ratio0.0663
Maximum Drawdown3.98
Value At Risk(1.33)
Potential Upside1.27

THRIVENT PARTNER Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for THRIVENT PARTNER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THRIVENT PARTNER's standard deviation. In reality, there are many statistical measures that can use THRIVENT PARTNER historical prices to predict the future THRIVENT PARTNER's volatility.
Risk Adjusted Performance0.0384
Jensen Alpha0.0479
Total Risk Alpha0.0522
Sortino Ratio0.0629
Treynor Ratio0.0338
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of THRIVENT PARTNER'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. Please use the tools below to analyze the current value of THRIVENT PARTNER in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
8.819.6210.43
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Intrinsic
Valuation
LowRealHigh
8.6610.5311.34
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as THRIVENT PARTNER. Your research has to be compared to or analyzed against THRIVENT PARTNER's peers to derive any actionable benefits. When done correctly, THRIVENT PARTNER's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in THRIVENT PARTNER WOR.

THRIVENT PARTNER WOR Backtested Returns

We consider THRIVENT PARTNER very steady. THRIVENT PARTNER WOR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0592, which indicates the fund had 0.0592% of return per unit of standard deviation over the last 3 months. Our approach into measuring the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for THRIVENT PARTNER WORLDWIDE, which you can use to evaluate the future volatility of the fund. Please validate THRIVENT PARTNER risk adjusted performance of 0.0384, and Coefficient Of Variation of 2371.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0482%.
The entity has a beta of 0.749, which indicates possible diversification benefits within a given portfolio. Let's try to break down what THRIVENT's beta means in this case. As returns on the market increase, THRIVENT PARTNER returns are expected to increase less than the market. However, during the bear market, the loss on holding THRIVENT PARTNER will be expected to be smaller as well. Although it is important to respect THRIVENT PARTNER WOR current price movements, it is better to be realistic regarding the information on the equity's historical returns. The approach into measuring future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining THRIVENT PARTNER WOR technical indicators, you can now evaluate if the expected return of 0.0482% will be sustainable into the future.

Auto-correlation

    
  0.82  

Very good predictability

THRIVENT PARTNER WORLDWIDE has very good predictability. Overlapping area represents the amount of predictability between THRIVENT PARTNER time series from 8th of December 2022 to 8th of March 2023 and 8th of March 2023 to 6th of June 2023. 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 PARTNER WOR price movement. The serial correlation of 0.82 indicates that around 82.0% of current THRIVENT PARTNER price fluctuation can be explain by its past prices.
Correlation Coefficient0.82
Spearman Rank Test0.34
Residual Average0.0
Price Variance0.05

THRIVENT PARTNER WOR lagged returns against current returns

Autocorrelation, which is THRIVENT PARTNER 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 PARTNER's mutual fund expected returns. We can calculate the autocorrelation of THRIVENT PARTNER returns to help us make a trade decision. For example, suppose you find that THRIVENT PARTNER mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

THRIVENT PARTNER 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 PARTNER mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THRIVENT PARTNER 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 PARTNER mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

THRIVENT PARTNER Lagged Returns

When evaluating THRIVENT PARTNER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THRIVENT PARTNER mutual fund have on its future price. THRIVENT PARTNER 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 PARTNER autocorrelation shows the relationship between THRIVENT PARTNER mutual fund current value and its past values and can show if there is a momentum factor associated with investing in THRIVENT PARTNER WORLDWIDE.
   Regressed Prices   
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in THRIVENT PARTNER without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out THRIVENT PARTNER Correlation, THRIVENT PARTNER Volatility and THRIVENT PARTNER Alpha and Beta module to complement your research on THRIVENT PARTNER. Note that the THRIVENT PARTNER WOR information on this page should be used as a complementary analysis to other THRIVENT PARTNER'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for THRIVENT Mutual Fund analysis

When running THRIVENT PARTNER's price analysis, check to measure THRIVENT PARTNER's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy THRIVENT PARTNER is operating at the current time. Most of THRIVENT PARTNER's value examination focuses on studying past and present price action to predict the probability of THRIVENT PARTNER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move THRIVENT PARTNER's price. Additionally, you may evaluate how the addition of THRIVENT PARTNER to your portfolios can decrease your overall portfolio volatility.
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THRIVENT PARTNER 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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of THRIVENT PARTNER technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of THRIVENT PARTNER trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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