Thrivent Natural Resources Fund Market Value
| TREIX Fund | USD 10.05 0.01 0.1% |
| Symbol | Thrivent |
Thrivent Natural '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 Natural'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 Natural.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Thrivent Natural on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Thrivent Natural Resources or generate 0.0% return on investment in Thrivent Natural over 90 days. Thrivent Natural is related to or competes with Putnam Global, Invesco Global, Eaton Vance, Health Care, and Hartford Healthcare. More
Thrivent Natural 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 Natural'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 Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1339 | |||
| Information Ratio | 1.72 | |||
| Maximum Drawdown | 0.3988 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.101 |
Thrivent Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Natural's standard deviation. In reality, there are many statistical measures that can use Thrivent Natural historical prices to predict the future Thrivent Natural's volatility.| Risk Adjusted Performance | 0.2053 | |||
| Jensen Alpha | 0.017 | |||
| Total Risk Alpha | 0.0255 | |||
| Sortino Ratio | 0.9363 | |||
| Treynor Ratio | 2.82 |
Thrivent Natural Res Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Natural Res owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the fund had a 0.36 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Thrivent Natural Resources, which you can use to evaluate the volatility of the fund. Please validate Thrivent Natural's Standard Deviation of 0.0728, risk adjusted performance of 0.2053, and Downside Deviation of 0.1339 to confirm if the risk estimate we provide is consistent with the expected return of 0.0263%. The entity has a beta of 0.0058, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Natural is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
Thrivent Natural Resources has excellent predictability. Overlapping area represents the amount of predictability between Thrivent Natural time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 Natural Res price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Thrivent Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thrivent Natural Res lagged returns against current returns
Autocorrelation, which is Thrivent Natural 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 Natural's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Natural returns to help us make a trade decision. For example, suppose you find that Thrivent Natural 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 Natural 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 Natural mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Natural 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 Natural mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Natural Lagged Returns
When evaluating Thrivent Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Natural mutual fund have on its future price. Thrivent Natural 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 Natural autocorrelation shows the relationship between Thrivent Natural mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Natural Resources.
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 Natural 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 Natural security.
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