Thrivent Government Bond Fund Market Value
| TBFIX Fund | USD 9.08 0.03 0.33% |
| Symbol | Thrivent |
Thrivent Government '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 Government'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 Government.
| 09/25/2023 |
| 09/19/2024 |
If you would invest 0.00 in Thrivent Government on September 25, 2023 and sell it all today you would earn a total of 0.00 from holding Thrivent Government Bond or generate 0.0% return on investment in Thrivent Government over 360 days. Thrivent Government is related to or competes with Thrivent Partner, Thrivent Partner, Thrivent Large, Thrivent Limited, Thrivent Moderate, Thrivent High, and Thrivent Diversified. The fund invests at least 80 percent of its net assets in U.S More
Thrivent Government 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 Government'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 Government Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3017 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.8 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4635 |
Thrivent Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrivent Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrivent Government's standard deviation. In reality, there are many statistical measures that can use Thrivent Government historical prices to predict the future Thrivent Government's volatility.| Risk Adjusted Performance | 0.1634 | |||
| Jensen Alpha | 0.0637 | |||
| Total Risk Alpha | 0.0197 | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (2.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thrivent Government'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 Government Bond Backtested Returns
At this stage we consider Thrivent Mutual Fund to be very steady. Thrivent Government Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Thrivent Government Bond, which you can use to evaluate the volatility of the fund. Please validate Thrivent Government's Standard Deviation of 0.315, risk adjusted performance of 0.1634, and Downside Deviation of 0.3017 to confirm if the risk estimate we provide is consistent with the expected return of 0.0757%. The entity has a beta of -0.0303, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thrivent Government are expected to decrease at a much lower rate. During the bear market, Thrivent Government is likely to outperform the market.
Auto-correlation | 0.72 |
Good predictability
Thrivent Government Bond has good predictability. Overlapping area represents the amount of predictability between Thrivent Government time series from 25th of September 2023 to 23rd of March 2024 and 23rd of March 2024 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 Government Bond price movement. The serial correlation of 0.72 indicates that around 72.0% of current Thrivent Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Thrivent Government Bond lagged returns against current returns
Autocorrelation, which is Thrivent Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Thrivent Government returns to help us make a trade decision. For example, suppose you find that Thrivent Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrivent Government 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 Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thrivent Government Lagged Returns
When evaluating Thrivent Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrivent Government mutual fund have on its future price. Thrivent Government 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 Government autocorrelation shows the relationship between Thrivent Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thrivent Government Bond.
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 Government 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 Government security.
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