Thornburg Income Builder Stock Price on October 10, 2024
| TBLD Stock | USD 16.78 0.09 0.54% |
If you're considering investing in Thornburg Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thornburg Income stands at 16.78, as last reported on the 29th of November, with the highest price reaching 16.79 and the lowest price hitting 16.60 during the day. At this point, Thornburg Income is very steady. Thornburg Income Builder owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0074, which indicates the firm had a 0.0074% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thornburg Income Builder, which you can use to evaluate the volatility of the company. Please validate Thornburg Income's Risk Adjusted Performance of 9.0E-4, semi deviation of 0.7104, and Coefficient Of Variation of 75516.76 to confirm if the risk estimate we provide is consistent with the expected return of 0.0057%.
As of November 29, 2024, Total Stockholder Equity is expected to decline to about 442.2 M. In addition to that, Common Stock Shares Outstanding is expected to decline to about 25.6 M. At present, Thornburg Income's Price Earnings Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.00, whereas Price Earnings To Growth Ratio is forecasted to decline to (0.03). Thornburg Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thornburg |
Sharpe Ratio = 0.0074
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| Negative Returns | TBLD |
Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thornburg Income is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thornburg Income by adding Thornburg Income to a well-diversified portfolio.
Price Book 0.9082 | Price Sales 7.146 | Shares Outstanding 32.1 M | Market Capitalization 535.4 M | Shares Short Prior Month 48 K |
Thornburg Income Valuation on October 10, 2024
It is possible to determine the worth of Thornburg Income on a given historical date. On October 10, 2024 Thornburg was worth 17.08 at the beginning of the trading date compared to the closed value of 16.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thornburg Income stock. Still, in general, we apply an absolute valuation method to find Thornburg Income's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Thornburg Income where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thornburg Income's related companies.
| Open | High | Low | Close | Volume | |
| 17.23 | 17.38 | 16.97 | 16.97 | 147,394 | |
10/10/2024 | 17.08 | 17.13 | 16.88 | 16.94 | 135,917 |
| 16.94 | 17.43 | 16.94 | 17.09 | 118,742 |
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Thornburg Income Trading Date Momentum on October 10, 2024
| On October 11 2024 Thornburg Income Builder was traded for 17.09 at the closing time. The top price for the day was 17.43 and the lowest listed price was 16.94 . The trading volume for the day was 118.7 K. The trading history from October 11, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 0.89% . The trading price change against the current closing price is 2.83% . |
Thornburg Income Builder Fundamentals Correlations and Trends
By evaluating Thornburg Income's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Thornburg Income's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thornburg financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thornburg Income Stock history
Thornburg Income investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Thornburg is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thornburg Income Builder will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Thornburg Income stock prices may prove useful in developing a viable investing in Thornburg Income
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 28.8 M | 25.6 M |
Thornburg Income Stock Technical Analysis
Thornburg Income technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Thornburg Income Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Thornburg Income Builder cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Thornburg Income November 29, 2024 Market Strength
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
Thornburg Income Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thornburg Income's price direction in advance. Along with the technical and fundamental analysis of Thornburg Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thornburg to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.07) |
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| Volume Indicators |
Complementary Tools for Thornburg Stock analysis
When running Thornburg Income's price analysis, check to measure Thornburg Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thornburg Income is operating at the current time. Most of Thornburg Income's value examination focuses on studying past and present price action to predict the probability of Thornburg Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thornburg Income's price. Additionally, you may evaluate how the addition of Thornburg Income to your portfolios can decrease your overall portfolio volatility.
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