Thornburg Strategic Income Fund Price on October 28, 2024
| TSIIX Fund | USD 11.41 0.03 0.26% |
Below is the normalized historical share price chart for Thornburg Strategic Income extending back to December 19, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Thornburg Strategic stands at 11.41, as last reported on the 15th of December 2024, with the highest price reaching 11.41 and the lowest price hitting 11.41 during the day.
If you're considering investing in Thornburg Mutual Fund, it is important to understand the factors that can impact its price. Thornburg Strategic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the fund had a -0.13% return per unit of risk over the last 3 months. Thornburg Strategic Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Strategic's Coefficient Of Variation of (953.68), risk adjusted performance of (0.10), and Variance of 0.035 to confirm the risk estimate we provide.
Thornburg Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Thornburg |
Sharpe Ratio = -0.1282
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| Negative Returns | TSIIX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thornburg Strategic is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thornburg Strategic by adding Thornburg Strategic to a well-diversified portfolio.
Thornburg Strategic Valuation on October 28, 2024
It is possible to determine the worth of Thornburg Strategic on a given historical date. On October 28, 2024 Thornburg was worth 11.4 at the beginning of the trading date compared to the closed value of 11.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thornburg Strategic mutual fund. Still, in general, we apply an absolute valuation method to find Thornburg Strategic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Thornburg Strategic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thornburg Strategic's related companies.
| Open | High | Low | Close | Volume | |
| 11.41 | 11.41 | 11.41 | 11.41 | 1.00 | |
10/28/2024 | 11.40 | 11.40 | 11.40 | 11.40 | 1.00 |
| 11.40 | 11.40 | 11.40 | 11.40 | 1.00 |
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Thornburg Strategic Trading Date Momentum on October 28, 2024
| On October 29 2024 Thornburg Strategic Income was traded for 11.40 at the closing time. The highest daily price throughout the period was 11.40 and the lowest price was 11.40 . There was no trading activity during the period 1.0. Lack of trading volume on 10/29/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.35% . |
Thornburg Strategic Fundamentals Correlations and Trends
By evaluating Thornburg Strategic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Thornburg Strategic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thornburg financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thornburg Strategic Mutual Fund history
Thornburg Strategic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Thornburg is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thornburg Strategic will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Thornburg Strategic stock prices may prove useful in developing a viable investing in Thornburg Strategic
The fund pursues its investment goals by investing in a broad range of income-producing investments from throughout the world, primarily including debt obligations. The manager expects, under normal conditions, to invest a majority of its assets in the debt obligations. The fund may invest in debt obligations of any kind, of any quality, and of any maturity.
Thornburg Strategic Mutual Fund Technical Analysis
Thornburg Strategic 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.
Price Boundaries
Thornburg Strategic Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Thornburg Strategic Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Thornburg Strategic December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Thornburg Strategic mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thornburg Strategic shares will generate the highest return on investment. By undertsting and applying Thornburg Strategic mutual fund market strength indicators, traders can identify Thornburg Strategic Income entry and exit signals to maximize returns
Thornburg Strategic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thornburg Strategic's price direction in advance. Along with the technical and fundamental analysis of Thornburg Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thornburg to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (5.59) |
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Other Information on Investing in Thornburg Mutual Fund
Thornburg Strategic financial ratios help investors to determine whether Thornburg 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 Thornburg with respect to the benefits of owning Thornburg Strategic security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
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| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |