Thrivent Balanced Income Fund Market Value
| AABFX Fund | USD 14.44 0.01 0.07% |
| Symbol | THRIVENT |
Thrivent Balanced '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 Balanced'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 Balanced.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Thrivent Balanced on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Balanced Income or generate 0.0% return on investment in Thrivent Balanced over 30 days. Thrivent Balanced is related to or competes with Davenport Small, Adams Diversified, Small Cap, Tax-managed, Principal Lifetime, T Rowe, and The Gabelli. Under normal circumstances, the fund invests 25-65 percent in equity securities and 35-75 percent in debt securities More
Thrivent Balanced 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 Balanced'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 Balanced Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3172 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5602 |
Thrivent Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Balanced's standard deviation. In reality, there are many statistical measures that can use Thrivent Balanced historical prices to predict the future Thrivent Balanced's volatility.| Risk Adjusted Performance | 0.0679 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | 0.0772 |
Thrivent Balanced Income Backtested Returns
At this stage we consider THRIVENT Mutual Fund to be very steady. Thrivent Balanced Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thrivent Balanced Income, which you can use to evaluate the volatility of the fund. Please validate Thrivent Balanced's Coefficient Of Variation of 923.06, semi deviation of 0.2369, and Risk Adjusted Performance of 0.0679 to confirm if the risk estimate we provide is consistent with the expected return of 0.0432%. The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thrivent Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Balanced is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Thrivent Balanced Income has poor predictability. Overlapping area represents the amount of predictability between Thrivent Balanced time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Balanced Income price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Thrivent Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thrivent Balanced Income lagged returns against current returns
Autocorrelation, which is Thrivent Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Balanced returns to help us make a trade decision. For example, suppose you find that Thrivent Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Balanced Lagged Returns
When evaluating Thrivent Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Balanced mutual fund have on its future price. Thrivent Balanced 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 Balanced autocorrelation shows the relationship between Thrivent Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Balanced Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in THRIVENT Mutual Fund
Thrivent Balanced financial ratios help investors to determine whether THRIVENT Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in THRIVENT with respect to the benefits of owning Thrivent Balanced security.
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