Thrivent Partner Worldwide Fund Market Value
| TWAIX Fund | USD 10.21 0.01 0.1% |
| Symbol | Thrivent |
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.
| 02/17/2024 |
| 04/17/2024 |
If you would invest 0.00 in Thrivent Partner on February 17, 2024 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 60 days. Thrivent Partner is related to or competes with Thrivent Large, Thrivent Limited, Thrivent Moderate, Thrivent High, Thrivent Diversified, Thrivent Large, and Thrivent Balanced. 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 Deviation | 0.7466 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.06 |
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 Performance | 0.0181 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0092 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Thrivent Partner Wor Backtested Returns
We consider Thrivent Partner very steady. Thrivent Partner Wor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0594, which indicates the fund had a 0.0594% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thrivent Partner Worldwide, which you can use to evaluate the volatility of the fund. Please validate Thrivent Partner's Semi Deviation of 0.6958, risk adjusted performance of 0.0181, and Coefficient Of Variation of 3626.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0382%. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Thrivent Partner returns are very sensitive to returns on the market. As the market goes up or down, Thrivent Partner is expected to follow.
Auto-correlation | -0.39 |
Poor reverse predictability
Thrivent Partner Worldwide has poor reverse predictability. Overlapping area represents the amount of predictability between Thrivent Partner time series from 17th of February 2024 to 18th of March 2024 and 18th of March 2024 to 17th 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 Partner Wor price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Thrivent Partner price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 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 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Thrivent Partner in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Thrivent Partner's short interest history, or implied volatility extrapolated from Thrivent Partner options trading.
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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. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.