Thornburg Investment Income Fund Market Value

TIBIX Fund  USD 25.79  0.08  0.31%   
Thornburg Investment's market value is the price at which a share of Thornburg Investment trades on a public exchange. It measures the collective expectations of Thornburg Investment Income investors about its performance. Thornburg Investment is trading at 25.79 as of the 13th of December 2024; that is 0.31 percent decrease since the beginning of the trading day. The fund's open price was 25.87.
With this module, you can estimate the performance of a buy and hold strategy of Thornburg Investment Income and determine expected loss or profit from investing in Thornburg Investment over a given investment horizon. Check out Thornburg Investment Correlation, Thornburg Investment Volatility and Thornburg Investment Alpha and Beta module to complement your research on Thornburg Investment.
Symbol

Please note, there is a significant difference between Thornburg Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg Investment'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 Investment '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 Investment'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 Investment.
0.00
11/13/2024
No Change 0.00  0.0 
In 31 days
12/13/2024
0.00
If you would invest  0.00  in Thornburg Investment on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Investment Income or generate 0.0% return on investment in Thornburg Investment over 30 days. Thornburg Investment is related to or competes with Franklin Income, First Eagle, Blackrock Incm, Oppenheimer International, and Capital Income. The fund pursues its investment goals by investing in a broad range of income producing securities, primarily including ... More

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

Thornburg Investment Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Investment's standard deviation. In reality, there are many statistical measures that can use Thornburg Investment historical prices to predict the future Thornburg Investment's volatility.
Hype
Prediction
LowEstimatedHigh
25.3225.7926.26
Details
Intrinsic
Valuation
LowRealHigh
25.4725.9426.41
Details
Naive
Forecast
LowNextHigh
25.4025.8726.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.5026.3527.20
Details

Thornburg Investment Backtested Returns

Thornburg Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Thornburg Investment Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Investment's Variance of 0.2191, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,605) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Investment is expected to be smaller as well.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

Thornburg Investment Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Thornburg Investment time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Investment price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Thornburg Investment price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test0.64
Residual Average0.0
Price Variance0.01

Thornburg Investment lagged returns against current returns

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

Thornburg Investment Lagged Returns

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

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Other Information on Investing in Thornburg Mutual Fund

Thornburg Investment 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 Investment security.
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