Thornburg E Growth Fund Market Value

THGRX Fund  USD 31.43  0.85  2.78%   
Thornburg Core's market value is the price at which a share of Thornburg Core trades on a public exchange. It measures the collective expectations of Thornburg E Growth investors about its performance. Thornburg Core is trading at 31.43 as of the 14th of March 2025; that is 2.78% up since the beginning of the trading day. The fund's open price was 30.58.
With this module, you can estimate the performance of a buy and hold strategy of Thornburg E Growth and determine expected loss or profit from investing in Thornburg Core over a given investment horizon. Check out Thornburg Core Correlation, Thornburg Core Volatility and Thornburg Core Alpha and Beta module to complement your research on Thornburg Core.
Symbol

Please note, there is a significant difference between Thornburg Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg Core'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.

Thornburg Core '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 Core'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 Core.
0.00
02/12/2025
No Change 0.00  0.0 
In 31 days
03/14/2025
0.00
If you would invest  0.00  in Thornburg Core on February 12, 2025 and sell it all today you would earn a total of 0.00 from holding Thornburg E Growth or generate 0.0% return on investment in Thornburg Core over 30 days. Thornburg Core is related to or competes with Eaton Vance, T Rowe, Eventide Healthcare, Putnam Global, Hartford Healthcare, and Live Oak. Under normal conditions, the fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in small- and mid-capitalization companies and at least 80 percent of its net assets in growth companies. More

Thornburg Core 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 Core'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 E Growth upside and downside potential and time the market with a certain degree of confidence.

Thornburg Core Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Core's standard deviation. In reality, there are many statistical measures that can use Thornburg Core historical prices to predict the future Thornburg Core's volatility.
Hype
Prediction
LowEstimatedHigh
29.8431.4333.02
Details
Intrinsic
Valuation
LowRealHigh
30.6132.2033.79
Details

Thornburg E Growth Backtested Returns

Thornburg E Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the fund had a -0.2 % return per unit of risk over the last 3 months. Thornburg E Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Core's Variance of 2.3, risk adjusted performance of (0.18), and Coefficient Of Variation of (458.81) to confirm the risk estimate we provide. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Thornburg Core returns are very sensitive to returns on the market. As the market goes up or down, Thornburg Core is expected to follow.

Auto-correlation

    
  0.86  

Very good predictability

Thornburg E Growth has very good predictability. Overlapping area represents the amount of predictability between Thornburg Core time series from 12th of February 2025 to 27th of February 2025 and 27th of February 2025 to 14th 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 E Growth price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Thornburg Core price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.83
Residual Average0.0
Price Variance1.37

Thornburg E Growth lagged returns against current returns

Autocorrelation, which is Thornburg Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Core returns to help us make a trade decision. For example, suppose you find that Thornburg Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Core 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 Core mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Thornburg Core Lagged Returns

When evaluating Thornburg Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Core mutual fund have on its future price. Thornburg Core 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 Core autocorrelation shows the relationship between Thornburg Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg E Growth.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Thornburg Mutual Fund

Thornburg Core 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 Core security.
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