Thornburg Limited Term Fund Market Value

THIFX Fund  USD 12.93  0.03  0.23%   
Thornburg Limited's market value is the price at which a share of Thornburg Limited trades on a public exchange. It measures the collective expectations of Thornburg Limited Term investors about its performance. Thornburg Limited is trading at 12.93 as of the 15th of December 2024; that is 0.23% down since the beginning of the trading day. The fund's open price was 12.96.
With this module, you can estimate the performance of a buy and hold strategy of Thornburg Limited Term and determine expected loss or profit from investing in Thornburg Limited over a given investment horizon. Check out Thornburg Limited Correlation, Thornburg Limited Volatility and Thornburg Limited Alpha and Beta module to complement your research on Thornburg Limited.
Symbol

Please note, there is a significant difference between Thornburg Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg Limited'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 Limited '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 Limited'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 Limited.
0.00
12/21/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/15/2024
0.00
If you would invest  0.00  in Thornburg Limited on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Thornburg Limited Term or generate 0.0% return on investment in Thornburg Limited over 360 days. Thornburg Limited is related to or competes with John Hancock, Applied Finance, Queens Road, Pace Smallmedium, William Blair, and Amg River. The fund invests at least 65 percent of its net assets in obligations of the U.S More

Thornburg Limited 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 Limited'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 Limited Term upside and downside potential and time the market with a certain degree of confidence.

Thornburg Limited Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Limited's standard deviation. In reality, there are many statistical measures that can use Thornburg Limited historical prices to predict the future Thornburg Limited's volatility.
Hype
Prediction
LowEstimatedHigh
12.7712.9313.09
Details
Intrinsic
Valuation
LowRealHigh
12.5312.6914.22
Details
Naive
Forecast
LowNextHigh
12.7512.9113.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.8712.9513.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thornburg Limited. Your research has to be compared to or analyzed against Thornburg Limited's peers to derive any actionable benefits. When done correctly, Thornburg Limited's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Thornburg Limited Term.

Thornburg Limited Term Backtested Returns

Thornburg Limited Term 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 Limited Term exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Limited's Coefficient Of Variation of (988.58), risk adjusted performance of (0.11), and Variance of 0.0256 to confirm the risk estimate we provide. The entity has a beta of 0.0029, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Limited is expected to be smaller as well.

Auto-correlation

    
  0.40  

Average predictability

Thornburg Limited Term has average predictability. Overlapping area represents the amount of predictability between Thornburg Limited time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th of December 2024. 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 Limited Term price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Thornburg Limited price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test0.29
Residual Average0.0
Price Variance0.02

Thornburg Limited Term lagged returns against current returns

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

Thornburg Limited Lagged Returns

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