Thrivent Municipal Bond Fund Technical Analysis
AAMBX Fund | USD 10.15 0.03 0.29% |
As of the 18th of April 2024, Thrivent Municipal has the Variance of 0.0551, coefficient of variation of (1,461), and Risk Adjusted Performance of (0.06). Thrivent Municipal technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the fund's future prices. In other words, you can use this information to find out if the fund will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed thirteen technical drivers for Thrivent Municipal Bond, which can be compared to its competition. Please validate Thrivent Municipal Bond information ratio and skewness to decide if Thrivent Municipal is priced more or less accurately, providing market reflects its prevalent price of 10.15 per share.
Thrivent Municipal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Thrivent, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ThriventThrivent |
Thrivent Municipal 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.
Thrivent Municipal Bond Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Thrivent Municipal Bond volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Thrivent Municipal Bond Trend Analysis
Use this graph to draw trend lines for Thrivent Municipal Bond. You can use it to identify possible trend reversals for Thrivent Municipal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Thrivent Municipal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Thrivent Municipal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Thrivent Municipal Bond applied against its price change over selected period. The best fit line has a slop of 0.0002 , which may suggest that Thrivent Municipal Bond market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Thrivent Municipal price change compared to its average price change.About Thrivent Municipal Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Thrivent Municipal Bond on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Thrivent Municipal Bond based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Thrivent Municipal Bond price pattern first instead of the macroeconomic environment surrounding Thrivent Municipal Bond. By analyzing Thrivent Municipal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Thrivent Municipal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Thrivent Municipal specific price patterns or momentum indicators. Please read more on our technical analysis page.
Thrivent Municipal April 18, 2024 Technical Indicators
Most technical analysis of Thrivent help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Thrivent from various momentum indicators to cycle indicators. When you analyze Thrivent charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.06) | |||
Market Risk Adjusted Performance | 0.7461 | |||
Mean Deviation | 0.1584 | |||
Coefficient Of Variation | (1,461) | |||
Standard Deviation | 0.2347 | |||
Variance | 0.0551 | |||
Information Ratio | (0.30) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.04) | |||
Treynor Ratio | 0.7361 | |||
Maximum Drawdown | 1.47 | |||
Value At Risk | (0.39) | |||
Potential Upside | 0.2953 | |||
Skewness | (0.44) | |||
Kurtosis | 2.39 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thrivent Municipal Bond. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Thrivent Municipal Bond information on this page should be used as a complementary analysis to other Thrivent Municipal'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 the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.