Thornburg International Competition

TIGCX Fund

USD 22.07 0.40 1.78%

Thornburg International competes with Calvert Global, Oil Gas, Icon Natural, Hennessy, and Short Oil; as well as few others. The fund is listed under Foreign Large Growth category and is part of Thornburg family. Analyzing Thornburg International competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Thornburg International to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Thornburg International Correlation with its peers.

Thornburg International vs Short Oil Correlation

Excellent diversification

The correlation between Thornburg International Growth and SNPSX is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thornburg International Growth and SNPSX in the same portfolio, assuming nothing else is changed.

Moving together with Thornburg Mutual Fund

0.8	RERFX	Europacific Growth	Pair Corr
0.8	AEPFX	Europacific Growth	Pair Corr
0.89	CEUAX	Europacific Growth	Pair Corr
0.89	CEUCX	Europacific Growth	Pair Corr
0.79	RERCX	Europacific Growth	Pair Corr

Moving against Thornburg Mutual Fund

0.61	NXJ	Nuveen New Jersey	Pair Corr
0.41	XNBHX	Neuberger Berman Int	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thornburg International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
0.00	0.00	0.72

Details

Intrinsic

Valuation

Low	Real	High
0.00	0.00	0.72

Details

Naive

Forecast

Low	Next	High
21.28	22.00	22.72

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
21.48	22.13	22.77

Details

Thornburg International Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Thornburg International and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Thornburg and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Thornburg International does not affect the price movement of the other competitor.

	CGAEX	XEMOX	ALEFX	ENPSX	ICBAX	HNRGX	SNPSX
CGAEX		0.65	0.6	0.83	0.77	0.82	-0.82	CGAEX
XEMOX	0.65		0.8	0.86	0.77	0.89	-0.86	XEMOX
ALEFX	0.6	0.8		0.68	0.92	0.77	-0.71	ALEFX
ENPSX	0.83	0.86	0.68		0.74	0.98	-1.0	ENPSX
ICBAX	0.77	0.77	0.92	0.74		0.82	-0.77	ICBAX
HNRGX	0.82	0.89	0.77	0.98	0.82		-0.99	HNRGX
SNPSX	-0.82	-0.86	-0.71	-1.0	-0.77	-0.99		SNPSX
	CGAEX	XEMOX	ALEFX	ENPSX	ICBAX	HNRGX	SNPSX

High positive correlations

HNRGX	+ 0.98	ENPSX
ICBAX	+ 0.92	ALEFX
HNRGX	+ 0.89	XEMOX
ENPSX	+ 0.86	XEMOX
ENPSX	+ 0.83	CGAEX
HNRGX	+ 0.82	CGAEX

High negative correlations

SNPSX	- 1.0	ENPSX
SNPSX	- 0.99	HNRGX
SNPSX	- 0.86	XEMOX
SNPSX	- 0.82	CGAEX
SNPSX	- 0.77	ICBAX
SNPSX	- 0.71	ALEFX

Risk-Adjusted Indicators

There is a big difference between Thornburg Mutual Fund performing well and Thornburg International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Thornburg International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGAEX	0.73	0.07	0.02	(7.62)	0.91	(0.71)	1.45	(1.66)	3.90
XEMOX	0.69	0.16	0.13	(2.90)	0.63	(0.79)	1.51	(1.21)	3.85
ALEFX	0.98	0.38	0.36	0.88	0.34	(1.21)	1.41	(1.26)	19.46
ENPSX	1.46	0.29	0.14	0.83	1.62	(1.57)	3.30	(2.77)	7.98
ICBAX	1.10	0.25	0.18	2.34	0.85	(1.31)	2.35	(1.85)	11.68
HNRGX	0.90	0.20	0.15	0.55	0.92	(0.97)	2.11	(1.62)	5.75
SNPSX	0.94	(0.20)	0.00	0.77	0.00	0.00	1.49	(2.19)	6.19

Thornburg International Competitive Analysis

The better you understand Thornburg International competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Thornburg International's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Thornburg International's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	TIGCX	CGAEX	XEMOX	ALEFX	ENPSX	ICBAX	HNRGX	SNPSX
	1.78 22.07 Thornburg	1.75 14.63 Calvert	0.40 51.88 Clearbridge	1.69 13.35 Alpsalerian	2.89 40.05 Oil	1.76 19.50 Icon	1.65 33.29 Hennessy	0.94 10.75 Short
Market Volatility (90 Days Market Risk)	Out of control	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Not too volatile
Market Performance (90 Days Performance)	Soft	Fair	Solid	Good	Good	Solid	Good	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Fair	Fair	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Not Rated	Cautious Hold	Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Sell
Net Asset	692.54 M	159.95 M	N/A	N/A	25.64 M	39.88 M	13.19 M	1.21 M
Minimum Initial Investment	N/A	1 K	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	3.42 X	1.53 X	N/A	N/A	1.55 X	2.11 X	N/A	N/A
Five Year Return	(1.38) %	2.24 %	N/A	N/A	28.85 %	13.55 %	23.57 %	(22.16) %
One Year Return	12.05 %	37.73 %	N/A	N/A	12.08 %	21.30 %	15.24 %	(12.00) %
Last Dividend Paid	N/A	0.08	0.23	0.14	0.14	0.04	N/A	0.42
Price To Earning	24.39 X	16.67 X	N/A	N/A	32.66 X	16.47 X	N/A	N/A
Price To Sales	2.64 X	0.90 X	N/A	N/A	1.32 X	0.89 X	N/A	N/A
Cash Position Weight	4.96 %	0.39 %	N/A	N/A	18.18 %	19.97 %	1.10 %	107.10 %
Equity Positions Weight	95.04 %	99.47 %	N/A	N/A	77.51 %	79.35 %	98.90 %	N/A
Three Year Return	6.90 %	7.92 %	N/A	N/A	1.99 %	15.05 %	11.53 %	(3.96) %
Annual Yield	N/A	0.01 %	N/A	N/A	0.02 %	0.01 %	0.01 %	0.54 %
Year To Date Return	5.42 %	6.33 %	N/A	N/A	16.38 %	10.61 %	9.73 %	2.96 %
Bond Positions Weight	N/A	0.14 %	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	9.30 %	0.22 %	N/A	N/A	(7.33) %	4.80 %	N/A	(7.43) %
Day Typical Price	22.07	14.63	51.88	13.35	40.05	19.5	33.29	10.75
Daily Balance Of Power	0	0	0	0	0	0	0	9.2 T
Period Momentum Indicator	(0.40)	(0.26)	(0.21)	(0.23)	(1.19)	(0.35)	(0.56)	0.1
Rate Of Daily Change	0.98	0.98	1.0	0.98	0.97	0.98	0.98	1.01
Day Median Price	22.07	14.63	51.88	13.35	40.05	19.5	33.29	10.75
Price Action Indicator	(0.20)	(0.13)	(0.11)	(0.12)	(0.60)	(0.18)	(0.28)	0.05
Relative Strength Index	52.86	60.21	67.52	70.03	64.45	64.6	65.4	33.9
Coefficient Of Variation	1723.81	1163.93	514.71	561.57	582.59	662.88	515.57	(578.32)
Mean Deviation	0.5565	0.7267	0.6878	0.9757	1.46	1.1	0.8954	0.9437
Jensen Alpha	0.0041	0.0713	0.1595	0.3763	0.2912	0.2453	0.1971	(0.20)
Total Risk Alpha	(0.01)	0.0121	0.1034	0.2543	0.1924	0.1426	0.1424	(0.29)
Sortino Ratio	(0.02)	0.0228	0.1307	0.3592	0.1394	0.1805	0.1461	N/A
Downside Variance	0.4692	1.21	0.7251	0.9557	3.54	1.28	1.34	N/A
Standard Deviation	0.7175	0.9412	0.8598	2.29	1.85	1.73	1.16	1.2
Kurtosis	0.436	(0.07)	(0.01)	47.55	0.1786	16.78	0.2026	0.3553
Potential Upside	1.23	1.45	1.51	1.41	3.3	2.35	2.11	1.49
Treynor Ratio	0.0526	(7.62)	(2.90)	0.8782	0.834	2.34	0.5546	0.7703
Maximum Drawdown	3.81	3.9	3.85	19.46	7.98	11.68	5.75	6.19
Variance	0.5148	0.8859	0.7393	5.22	3.43	2.98	1.34	1.44
Market Risk Adjusted Performance	0.0626	(7.61)	(2.89)	0.8882	0.844	2.35	0.5646	0.7803
Risk Adjusted Performance	0.0423	0.0652	0.1439	0.1373	0.1319	0.1163	0.1458	(0.12)
Skewness	0.155	(0.44)	(0.33)	6.36	(0.14)	3.03	(0.15)	0.0912
Semi Deviation	0.596	0.9103	0.6324	0.3378	1.62	0.847	0.9218	N/A
Information Ratio	(0.02)	0.0267	0.1294	0.1537	0.1416	0.1185	0.1459	(0.22)
Value At Risk	(0.98)	(1.66)	(1.21)	(1.26)	(2.77)	(1.85)	(1.62)	(2.19)
Expected Short fall	(0.67)	(0.71)	(0.79)	(1.21)	(1.57)	(1.31)	(0.97)	N/A
Downside Deviation	0.685	1.1	0.8515	0.9776	1.88	1.13	1.16	N/A
Semi Variance	0.3553	0.8286	0.4	0.1141	2.63	0.7173	0.8498	N/A

Thornburg International Competition Performance Charts

Five steps to successful analysis of Thornburg International Competition

Thornburg International's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Thornburg International in relation to its competition. Thornburg International's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Thornburg International in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Thornburg International's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Thornburg International, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Thornburg International position

In addition to having Thornburg International in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Services

Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.

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Other Information on Investing in Thornburg Mutual Fund

Thornburg International 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 International security.

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Thornburg International Competition

Thornburg International vs Short Oil Correlation

Excellent diversification

Moving together with Thornburg Mutual Fund

Moving against Thornburg Mutual Fund

Specify up to 10 symbols:

Thornburg International Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Thornburg International Competitive Analysis

Thornburg International Competition Performance Charts

Five steps to successful analysis of Thornburg International Competition

Complement your Thornburg International position

Did You Try This Idea?

Run Services Thematic Idea Now

Services

Other Information on Investing in Thornburg Mutual Fund

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