Thornburg Core Plus Fund Probability of Future Mutual Fund Price Finishing Over 10.79
| THCAX Fund | 10.45 0.03 0.29% |
Thornburg |
Thornburg Core Target Price Odds to finish over 10.79
The tendency of Thornburg Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 10.79 or more in 90 days |
| 10.45 | 90 days | 10.79 | roughly 2.72 |
Based on a normal probability distribution, the odds of Thornburg Core to move over 10.79 or more in 90 days from now is roughly 2.72 (This Thornburg Core Plus probability density function shows the probability of Thornburg Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Thornburg Core Plus price to stay between its current price of 10.45 and 10.79 at the end of the 90-day period is about 72.84 .
Assuming the 90 days horizon Thornburg Core Plus has a beta of -0.06. This usually implies as returns on the benchmark increase, returns on holding Thornburg Core are expected to decrease at a much lower rate. During a bear market, however, Thornburg Core Plus is likely to outperform the market. Additionally Thornburg Core Plus has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Thornburg Core Price Density |
| Price |
Predictive Modules for Thornburg Core
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 Core Plus. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thornburg Core. Your research has to be compared to or analyzed against Thornburg Core's peers to derive any actionable benefits. When done correctly, Thornburg Core's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Thornburg Core Plus.Thornburg Core Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thornburg Core is not an exception. The market had few large corrections towards the Thornburg Core's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Thornburg Core Plus, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thornburg Core within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.47 |
Thornburg Core Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Thornburg Core for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thornburg Core Plus can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thornburg Core Plus generated a negative expected return over the last 90 days |
Thornburg Core Technical Analysis
Thornburg Core's future price can be derived by breaking down and analyzing its technical indicators over time. Thornburg Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thornburg Core Plus. In general, you should focus on analyzing Thornburg Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Thornburg Core Predictive Forecast Models
Thornburg Core's time-series forecasting models is one of many Thornburg Core's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Thornburg Core's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Thornburg Core Plus
Checking the ongoing alerts about Thornburg Core for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thornburg Core Plus help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thornburg Core Plus generated a negative expected return over the last 90 days |
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