Thrivent Opportunity Income Fund Market Value
| IIINX Fund | USD 9.26 0.02 0.22% |
| Symbol | Thrivent |
Thrivent Opportunity '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 Opportunity'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 Opportunity.
| 01/28/2023 |
| 09/19/2024 |
If you would invest 0.00 in Thrivent Opportunity on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding Thrivent Opportunity Income or generate 0.0% return on investment in Thrivent Opportunity over 600 days. Thrivent Opportunity is related to or competes with Thrivent Partner, Thrivent Partner, Thrivent Large, Thrivent Limited, Thrivent Moderate, Thrivent Diversified, and Thrivent Large. The fund primarily invests in a broad range of debt securities More
Thrivent Opportunity 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 Opportunity'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 Opportunity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2143 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.0 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.443 |
Thrivent Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Opportunity's standard deviation. In reality, there are many statistical measures that can use Thrivent Opportunity historical prices to predict the future Thrivent Opportunity's volatility.| Risk Adjusted Performance | 0.2355 | |||
| Jensen Alpha | 0.0496 | |||
| Total Risk Alpha | 0.0291 | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 1.33 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Opportunity'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 Opportunity Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Opportunity 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 Opportunity Income, which you can use to evaluate the volatility of the fund. Please validate Thrivent Opportunity's Downside Deviation of 0.2143, risk adjusted performance of 0.2355, and Standard Deviation of 0.1906 to confirm if the risk estimate we provide is consistent with the expected return of 0.0687%. The entity has a beta of 0.0404, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrivent Opportunity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrivent Opportunity is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
Thrivent Opportunity Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Thrivent Opportunity time series from 28th of January 2023 to 24th of November 2023 and 24th of November 2023 to 19th of September 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 Opportunity price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Thrivent Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Thrivent Opportunity lagged returns against current returns
Autocorrelation, which is Thrivent Opportunity 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 Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Opportunity returns to help us make a trade decision. For example, suppose you find that Thrivent Opportunity 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 Opportunity 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 Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Opportunity 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 Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Opportunity Lagged Returns
When evaluating Thrivent Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Opportunity mutual fund have on its future price. Thrivent Opportunity 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 Opportunity autocorrelation shows the relationship between Thrivent Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Opportunity 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 Opportunity 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 Opportunity security.
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