Thornburg Income Stock Forecast - Simple Moving Average
| TBLD Stock | USD 16.64 0.11 0.67% |
The Simple Moving Average forecasted value of Thornburg Income Builder on the next trading day is expected to be 16.64 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.64. Thornburg Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Thornburg Income stock prices and determine the direction of Thornburg Income Builder's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Thornburg Income's historical fundamentals, such as revenue growth or operating cash flow patterns.
Thornburg |
Thornburg Income Simple Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Thornburg Income Builder on the next trading day is expected to be 16.64 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.64.Please note that although there have been many attempts to predict Thornburg Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Thornburg Income's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Thornburg Income Stock Forecast Pattern
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Thornburg Income Forecasted Value
In the context of forecasting Thornburg Income's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Thornburg Income's downside and upside margins for the forecasting period are 15.87 and 17.41, respectively. We have considered Thornburg Income's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Thornburg Income stock data series using in forecasting. Note that when a statistical model is used to represent Thornburg Income stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 112.2544 |
| Bias | Arithmetic mean of the errors | 0.0031 |
| MAD | Mean absolute deviation | 0.1106 |
| MAPE | Mean absolute percentage error | 0.0065 |
| SAE | Sum of the absolute errors | 6.635 |
Predictive Modules for Thornburg Income
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thornburg Income Builder. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Thornburg Income
For every potential investor in Thornburg, whether a beginner or expert, Thornburg Income's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thornburg Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thornburg. Basic forecasting techniques help filter out the noise by identifying Thornburg Income's price trends.View Thornburg Income Related Equities
| Risk & Return | Correlation |
Thornburg Income Builder Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Thornburg Income's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Thornburg Income's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
Thornburg Income Market Strength Events
Market strength indicators help investors to evaluate how Thornburg Income stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thornburg Income shares will generate the highest return on investment. By undertsting and applying Thornburg Income stock market strength indicators, traders can identify Thornburg Income Builder entry and exit signals to maximize returns.
| Accumulation Distribution | 789.38 | |||
| Daily Balance Of Power | 0.7857 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 16.6 | |||
| Day Typical Price | 16.61 | |||
| Price Action Indicator | 0.095 | |||
| Period Momentum Indicator | 0.11 |
Thornburg Income Risk Indicators
The analysis of Thornburg Income's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Thornburg Income's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thornburg stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.6377 | |||
| Semi Deviation | 0.7101 | |||
| Standard Deviation | 0.7694 | |||
| Variance | 0.5919 | |||
| Downside Variance | 0.5363 | |||
| Semi Variance | 0.5042 | |||
| Expected Short fall | (0.69) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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.When determining whether Thornburg Income Builder is a strong investment it is important to analyze Thornburg Income's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Thornburg Income's future performance. For an informed investment choice regarding Thornburg Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Thornburg Income to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thornburg Income. If investors know Thornburg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thornburg Income listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.22 |
The market value of Thornburg Income Builder is measured differently than its book value, which is the value of Thornburg that is recorded on the company's balance sheet. Investors also form their own opinion of Thornburg Income's value that differs from its market value or its book value, called intrinsic value, which is Thornburg Income's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thornburg Income's market value can be influenced by many factors that don't directly affect Thornburg Income's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thornburg Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg Income'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.