Thornburg New Financial Statements From 2010 to 2024
| TNYIX Fund | USD 12.06 0.02 0.17% |
Check Thornburg New financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thornburg New's main balance sheet or income statement drivers, such as , as well as many indicators such as . Thornburg financial statements analysis is a perfect complement when working with Thornburg New Valuation or Volatility modules.
Thornburg |
Thornburg New York Mutual Fund Price To Earning Analysis
Thornburg New's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Thornburg New Price To Earning | 28.67 X |
Most of Thornburg New's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Thornburg New York is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Thornburg New York has a Price To Earning of 28.67 times. This is much higher than that of the Thornburg family and significantly higher than that of the Muni New York Intermediate category. The price to earning for all United States funds is notably lower than that of the firm.
Thornburg New York Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Thornburg New's current stock value. Our valuation model uses many indicators to compare Thornburg New value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Thornburg New competition to find correlations between indicators driving Thornburg New's intrinsic value. More Info.Thornburg New York is rated top fund in price to earning among similar funds. It also is rated top fund in annual yield among similar funds . The ratio of Price To Earning to Annual Yield for Thornburg New York is about 9,557 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Thornburg New's earnings, one of the primary drivers of an investment's value.About Thornburg New Financial Statements
Thornburg New investors use historical fundamental indicators, such as Thornburg New's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Thornburg New. Please read more on our technical analysis and fundamental analysis pages.
The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by New York State and its agencies, and by New York State local governments and their agencies. It may invest up to 20 percent of its assets in taxable securities. The fund is non-diversified.
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 New 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 New security.
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