Thrivent Small Cap Fund Market Value
| TSCGX Fund | USD 19.76 0.10 0.51% |
| 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Thrivent Small on October 31, 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 American Century, Principal Lifetime, Delaware Limited-term, Davenport Small, T Rowe, and The Gabelli. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of small compani... 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 | 1.21 | |||
| Information Ratio | 0.0204 | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.89 |
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 | 0.1072 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0201 | |||
| Treynor Ratio | 0.1077 |
Thrivent Small Cap Backtested Returns
Thrivent Small appears to be slightly risky, given 3 months investment horizon. Thrivent Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% 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 review Thrivent Small's Risk Adjusted Performance of 0.1072, semi deviation of 0.9389, and Coefficient Of Variation of 737.65 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.41, 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 | 0.95 |
Excellent predictability
Thrivent Small Cap has excellent predictability. Overlapping area represents the amount of predictability between Thrivent Small time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 0.95 indicates that approximately 95.0% of current Thrivent Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
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 |
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 Small 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 Small security.
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