Thornburg Developing World Fund Price on October 31, 2024
| THDAX Fund | USD 21.87 0.10 0.46% |
Below is the normalized historical share price chart for Thornburg Developing World extending back to December 16, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Thornburg Developing stands at 21.87, as last reported on the 27th of November, with the highest price reaching 21.87 and the lowest price hitting 21.87 during the day.
If you're considering investing in Thornburg Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Thornburg Mutual Fund to be very steady. Thornburg Developing owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0236, which indicates the fund had a 0.0236% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thornburg Developing World, which you can use to evaluate the volatility of the fund. Please validate Thornburg Developing's Risk Adjusted Performance of 0.014, coefficient of variation of 5600.14, and Semi Deviation of 0.7842 to confirm if the risk estimate we provide is consistent with the expected return of 0.019%.
Thornburg Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Thornburg |
Sharpe Ratio = 0.0236
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| Negative Returns | THDAX |
Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Thornburg Developing is performing at about 1% of its full potential. 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 Developing by adding it to a well-diversified portfolio.
Thornburg Developing Valuation on October 31, 2024
It is possible to determine the worth of Thornburg Developing on a given historical date. On October 31, 2024 Thornburg was worth 22.44 at the beginning of the trading date compared to the closed value of 22.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thornburg Developing mutual fund. Still, in general, we apply an absolute valuation method to find Thornburg Developing'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 Developing where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thornburg Developing's related companies.
| Open | High | Low | Close | Volume | |
| 22.67 | 22.67 | 22.67 | 22.67 | 1.00 | |
10/31/2024 | 22.44 | 22.44 | 22.44 | 22.44 | 1.00 |
| 22.53 | 22.53 | 22.53 | 22.53 | 1.00 |
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Thornburg Developing Trading Date Momentum on October 31, 2024
| On November 01 2024 Thornburg Developing World was traded for 22.53 at the closing time. The highest daily price throughout the period was 22.53 and the lowest price was 22.53 . There was no trading activity during the period 1.0. Lack of trading volume on 11/01/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.40% . The trading price change to current closing price is 1.02% . |
Thornburg Developing Fundamentals Correlations and Trends
By evaluating Thornburg Developing'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 Developing'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 Developing Mutual Fund history
Thornburg Developing 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 Developing 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 Developing stock prices may prove useful in developing a viable investing in Thornburg Developing
Under normal market conditions the fund invests at least 80 percent of its net assets in equity securities of issuers which the advisor views as having substantial economic ties to one or more developing countries.
Thornburg Developing Mutual Fund Technical Analysis
Thornburg Developing technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Thornburg Developing Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Thornburg Developing World cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS 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 Developing November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Thornburg Developing mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thornburg Developing shares will generate the highest return on investment. By undertsting and applying Thornburg Developing mutual fund market strength indicators, traders can identify Thornburg Developing World entry and exit signals to maximize returns
Thornburg Developing Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thornburg Developing's price direction in advance. Along with the technical and fundamental analysis of Thornburg Mutual Fund 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 | 0.014 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0222 |
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| Volume Indicators |
Other Information on Investing in Thornburg Mutual Fund
Thornburg Developing 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 Developing security.
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