Thrivent Mutual Fund Volatility

AAAGX
 Fund
  

USD 14.28  0.19  1.35%   

Thrivent Large appears to be not too volatile, given 3 months investment horizon. Thrivent Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had 0.14% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Thrivent Large Cap, which you can use to evaluate the future volatility of the fund. Please review Thrivent Large's Semi Deviation of 1.85, coefficient of variation of 882.34, and Risk Adjusted Performance of 0.1443 to confirm if our risk estimates are consistent with your expectations.
  
Thrivent Large Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Thrivent daily returns, and it is calculated using variance and standard deviation. We also use Thrivent's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Thrivent Large volatility.

90 Days Market Risk

Not too volatile

Chance of Distress

Very Small

90 Days Economic Sensitivity

Barely shadows the market
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Thrivent Large can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Thrivent Large at lower prices. For example, an investor can purchase Thrivent stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Thrivent Large's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Thrivent Large

0.96GAFFXGrowth FundPairCorr
0.9AGTHXGrowth FundPairCorr
0.9CGFFXGrowth FundPairCorr
0.89CGFCXGrowth FundPairCorr
0.89CGFEXGrowth FundPairCorr
0.96RGAEXGrowth FundPairCorr
0.95RGAAXGrowth FundPairCorr

Thrivent Large Market Sensitivity And Downside Risk

Thrivent Large's beta coefficient measures the volatility of Thrivent mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Thrivent mutual fund's returns against your selected market. In other words, Thrivent Large's beta of 0.11 provides an investor with an approximation of how much risk Thrivent Large mutual fund can potentially add to one of your existing portfolios.
Thrivent Large Cap currently demonstrates below-average downside deviation. It has Information Ratio of 0.07 and Jensen Alpha of 0.22. However, we advise investors to further question Thrivent Large Cap expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Thrivent Large's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Thrivent Large's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
3 Months Beta |Analyze Thrivent Large Cap Demand Trend
Check current 90 days Thrivent Large correlation with market (DOW)

Thrivent Beta

    
  0.11  
Thrivent standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  2.01  
It is essential to understand the difference between upside risk (as represented by Thrivent Large's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Thrivent Large's daily returns or price. Since the actual investment returns on holding a position in thrivent mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Thrivent Large.

Thrivent Large Cap Mutual Fund Volatility Analysis

Volatility refers to the frequency at which Thrivent Large fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Thrivent Large's price changes. Investors will then calculate the volatility of Thrivent Large's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Thrivent Large's volatility:

Historical Volatility

This type of fund volatility measures Thrivent Large's fluctuations based on previous trends. It's commonly used to predict Thrivent Large's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Thrivent Large's current market price. This means that the fund will return to its initially predicted market price.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Thrivent Large Cap Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
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Thrivent Large Projected Return Density Against Market

Assuming the 90 days horizon Thrivent Large has a beta of 0.1123 . This suggests as returns on the market go up, Thrivent Large average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thrivent Large Cap will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Thrivent Large or Thrivent Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Thrivent Large's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Thrivent fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.2182, implying that it can generate a 0.22 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Thrivent Large's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how thrivent mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Thrivent Large Price Volatility?

Several factors can influence a Fund's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Thrivent Large Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Thrivent Large or Thrivent Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Thrivent Large's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Thrivent fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Thrivent Large is 728.95. The daily returns are distributed with a variance of 4.04 and standard deviation of 2.01. The mean deviation of Thrivent Large Cap is currently at 1.6. For similar time horizon, the selected benchmark (DOW) has volatility of 1.24
α
Alpha over DOW
0.22
β
Beta against DOW0.11
σ
Overall volatility
2.01
Ir
Information ratio 0.07

Thrivent Large Mutual Fund Return Volatility

Thrivent Large historical daily return volatility represents how much of Thrivent Large fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 2.0105% volatility of returns over 90 . By contrast, DOW inherits 1.1709% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Thrivent Large Volatility

Volatility is a rate at which the price of Thrivent Large or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Thrivent Large may increase or decrease. In other words, similar to Thrivent's beta indicator, it measures the risk of Thrivent Large and helps estimate the fluctuations that may happen in a short period of time. So if prices of Thrivent Large fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The fund invests at least 80 percent of its net assets in equity securities of large companies. Thrivent Large is traded on NASDAQ Exchange in the United States.

Thrivent Large Investment Opportunity

Thrivent Large Cap has a volatility of 2.01 and is 1.72 times more volatile than DOW. 17  of all equities and portfolios are less risky than Thrivent Large. Compared to the overall equity markets, volatility of historical daily returns of Thrivent Large Cap is lower than 17 () of all global equities and portfolios over the last 90 days.
Use Thrivent Large Cap to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a large bullish trend. Check odds of Thrivent Large to be traded at $15.71 in 90 days. .

Significant diversification

The correlation between Thrivent Large Cap and DJI is Significant diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Thrivent Large Additional Risk Indicators

The analysis of Thrivent Large's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Thrivent Large's investment and either accepting that risk or mitigating it. Along with some common measures of Thrivent Large mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.1443
Market Risk Adjusted Performance2.03
Mean Deviation1.66
Semi Deviation1.85
Downside Deviation2.11
Coefficient Of Variation882.34
Standard Deviation2.09
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Thrivent Large Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Thrivent Large as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Thrivent Large's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Thrivent Large's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Thrivent Large Cap.
Please continue to Trending Equities. Note that the Thrivent Large Cap information on this page should be used as a complementary analysis to other Thrivent Large's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Please note, there is a significant difference between Thrivent Large's value and its price as these two are different measures arrived at by different means. Investors typically determine Thrivent Large value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrivent Large's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.