Thornburg New Financials
| THNIX Fund | USD 12.40 0.02 0.16% |
THORNBURG |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Thornburg New Fund Summary
Thornburg New competes with T Rowe, Franklin High, Needham Aggressive, Ab High, and Pioneer High. The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by the State of New Mexico and its agencies, and by New Mexico local governments and their agencies. It is non-diversified.Specialization | Muni Single State Interm, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Thornburg Investment Trust |
| Mutual Fund Family | Thornburg |
| Mutual Fund Category | Muni Single State Interm |
| Benchmark | Dow Jones Industrial |
| Phone | 800 847 0200 |
| Currency | USD - US Dollar |
Thornburg New Key Financial Ratios
THORNBURG Financial Ratios 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 Mexico is rated second largest fund in annual yield among similar funds. It also is rated second largest fund in year to date return among similar funds creating about 378.48 of Year To Date Return per Annual Yield. 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.Thornburg New Mexico Systematic Risk
Thornburg New's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Thornburg New volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Thornburg New Mexico correlated with the market. If Beta is less than 0 Thornburg New generally moves in the opposite direction as compared to the market. If Thornburg New Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Thornburg New Mexico is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Thornburg New is generally in the same direction as the market. If Beta > 1 Thornburg New moves generally in the same direction as, but more than the movement of the benchmark.
Thornburg New November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Thornburg New help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Thornburg New Mexico. We use our internally-developed statistical techniques to arrive at the intrinsic value of Thornburg New Mexico based on widely used predictive technical indicators. In general, we focus on analyzing THORNBURG Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Thornburg New's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.272 | |||
| Information Ratio | (0.89) | |||
| Maximum Drawdown | 0.8087 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.2412 |
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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