Thornburg Intermediate Municipal Fund Market Value
| THMIX Fund | USD 13.14 0.01 0.08% |
| Symbol | Thornburg |
Thornburg Intermediate '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 Intermediate'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 Intermediate.
| 01/19/2023 |
| 01/08/2025 |
If you would invest 0.00 in Thornburg Intermediate on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding Thornburg Intermediate Municipal or generate 0.0% return on investment in Thornburg Intermediate over 720 days. Thornburg Intermediate is related to or competes with Fpa Queens, Ultramid-cap Profund, Queens Road, Heartland Value, Ab Small, Amg River, and Small-cap Value. The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations iss... More
Thornburg Intermediate 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 Intermediate'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 Intermediate Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.3056 |
Thornburg Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Intermediate's standard deviation. In reality, there are many statistical measures that can use Thornburg Intermediate historical prices to predict the future Thornburg Intermediate's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.76) |
Thornburg Intermediate Backtested Returns
Thornburg Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.068, which indicates the fund had a -0.068% return per unit of risk over the last 3 months. Thornburg Intermediate Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Intermediate's Risk Adjusted Performance of (0.08), coefficient of variation of (1,471), and Variance of 0.0545 to confirm the risk estimate we provide. The entity has a beta of 0.0341, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Intermediate is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Thornburg Intermediate Municipal has virtually no predictability. Overlapping area represents the amount of predictability between Thornburg Intermediate time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 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 Intermediate price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Thornburg Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thornburg Intermediate lagged returns against current returns
Autocorrelation, which is Thornburg Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Intermediate returns to help us make a trade decision. For example, suppose you find that Thornburg Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Intermediate Lagged Returns
When evaluating Thornburg Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Intermediate mutual fund have on its future price. Thornburg Intermediate 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 Intermediate autocorrelation shows the relationship between Thornburg Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Intermediate Municipal.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Thornburg Mutual Fund
Thornburg Intermediate 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 Intermediate security.
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