Thornburg Global Opportunities Fund Market Value

THOFX Fund  USD 38.29  0.24  0.62%   
Thornburg Global's market value is the price at which a share of Thornburg Global trades on a public exchange. It measures the collective expectations of Thornburg Global Opportunities investors about its performance. Thornburg Global is trading at 38.29 as of the 14th of December 2024; that is 0.62% down since the beginning of the trading day. The fund's open price was 38.53.
With this module, you can estimate the performance of a buy and hold strategy of Thornburg Global Opportunities and determine expected loss or profit from investing in Thornburg Global over a given investment horizon. Check out Thornburg Global Correlation, Thornburg Global Volatility and Thornburg Global Alpha and Beta module to complement your research on Thornburg Global.
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Please note, there is a significant difference between Thornburg Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg Global'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 Global '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 Global'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 Global.
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11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
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If you would invest  0.00  in Thornburg Global on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Global Opportunities or generate 0.0% return on investment in Thornburg Global over 30 days. Thornburg Global is related to or competes with Alliancebernstein, T Rowe, T Rowe, and Ambrus Core. The fund pursues its investment goal by investing primarily in a broad range of equity securities, including common stoc... More

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

Thornburg Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Global's standard deviation. In reality, there are many statistical measures that can use Thornburg Global historical prices to predict the future Thornburg Global's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.000.67
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Intrinsic
Valuation
LowRealHigh
0.000.000.67
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thornburg Global. Your research has to be compared to or analyzed against Thornburg Global's peers to derive any actionable benefits. When done correctly, Thornburg Global'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 Global Opp.

Thornburg Global Opp Backtested Returns

Thornburg Global Opp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0083, which indicates the fund had a -0.0083% return per unit of risk over the last 3 months. Thornburg Global Opportunities exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Global's Risk Adjusted Performance of 0.0123, coefficient of variation of 5487.37, and Semi Deviation of 0.6781 to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Global is expected to be smaller as well.

Auto-correlation

    
  -0.79  

Almost perfect reverse predictability

Thornburg Global Opportunities has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Thornburg Global time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Global Opp price movement. The serial correlation of -0.79 indicates that around 79.0% of current Thornburg Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.79
Spearman Rank Test-0.33
Residual Average0.0
Price Variance0.07

Thornburg Global Opp lagged returns against current returns

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

Thornburg Global Lagged Returns

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

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Other Information on Investing in Thornburg Mutual Fund

Thornburg Global 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 Global security.
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