Thornburg International Value Fund Market Value
| THGCX Fund | USD 23.51 0.36 1.56% |
| Symbol | Thornburg |
Thornburg International '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 Thornburg International'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 Thornburg International.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Thornburg International on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg International Value or generate 0.0% return on investment in Thornburg International over 90 days. Thornburg International is related to or competes with Pace International, Ep Emerging, Calamos Market, Ab All, Siit Emerging, Crossmark Steward, and Pnc Emerging. The fund invests primarily in common stocks of non-U.S More
Thornburg International 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 Thornburg International'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 Thornburg International Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9253 | |||
| Information Ratio | 0.2269 | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.52 |
Thornburg International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg International's standard deviation. In reality, there are many statistical measures that can use Thornburg International historical prices to predict the future Thornburg International's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.1387 | |||
| Total Risk Alpha | 0.1915 | |||
| Sortino Ratio | 0.2093 | |||
| Treynor Ratio | 0.1706 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thornburg International'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.
Thornburg International Backtested Returns
At this stage we consider Thornburg Mutual Fund to be very steady. Thornburg International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thornburg International Value, which you can use to evaluate the volatility of the fund. Please validate Thornburg International's Coefficient Of Variation of 902.14, risk adjusted performance of 0.0963, and Semi Deviation of 0.7703 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thornburg International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg International is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Thornburg International Value has good predictability. Overlapping area represents the amount of predictability between Thornburg International time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thornburg International price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Thornburg International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Thornburg International lagged returns against current returns
Autocorrelation, which is Thornburg International 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 Thornburg International's mutual fund expected returns. We can calculate the autocorrelation of Thornburg International returns to help us make a trade decision. For example, suppose you find that Thornburg International 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 |
Thornburg International 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 Thornburg International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thornburg International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg International Lagged Returns
When evaluating Thornburg International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg International mutual fund have on its future price. Thornburg International 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, Thornburg International autocorrelation shows the relationship between Thornburg International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg International Value.
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 Thornburg Mutual Fund
Thornburg International 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 International security.
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