Thornburg New York Fund Price on October 14, 2024
| TNYIX Fund | USD 12.06 0.02 0.17% |
Below is the normalized historical share price chart for Thornburg New York extending back to February 01, 2010. 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 New stands at 12.06, as last reported on the 28th of November, with the highest price reaching 12.06 and the lowest price hitting 12.06 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 New York owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0474, which indicates the fund had a 0.0474% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thornburg New York, which you can use to evaluate the volatility of the fund. Please validate Thornburg New's Semi Deviation of 0.1148, coefficient of variation of 1868.78, and Risk Adjusted Performance of 0.0053 to confirm if the risk estimate we provide is consistent with the expected return of 0.0081%.
Thornburg Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Thornburg |
Sharpe Ratio = 0.0474
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Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Thornburg New is performing at about 3% 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 New by adding it to a well-diversified portfolio.
Thornburg New Valuation on October 14, 2024
It is possible to determine the worth of Thornburg New on a given historical date. On October 14, 2024 Thornburg was worth 12.01 at the beginning of the trading date compared to the closed value of 12.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thornburg New mutual fund. Still, in general, we apply an absolute valuation method to find Thornburg New'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 New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thornburg New's related companies.
| Open | High | Low | Close | Volume | |
| 12.01 | 12.01 | 12.01 | 12.01 | 1.00 | |
10/14/2024 | 12.01 | 12.01 | 12.01 | 12.01 | 1.00 |
| 12.01 | 12.01 | 12.01 | 12.01 | 1.00 |
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Thornburg New Trading Date Momentum on October 14, 2024
| On October 15 2024 Thornburg New York was traded for 12.01 at the closing time. The highest daily price throughout the period was 12.01 and the lowest price was 12.01 . There was no trading activity during the period 1.0. Lack of trading volume on 10/15/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.67% . |
Thornburg New York Fundamentals Correlations and Trends
By evaluating Thornburg New'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 New'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 New Mutual Fund history
Thornburg New 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 New York 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 New stock prices may prove useful in developing a viable investing in Thornburg New
The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by New York State and its agencies, and by New York State local governments and their agencies. It may invest up to 20 percent of its assets in taxable securities. The fund is non-diversified.
Thornburg New Mutual Fund Technical Analysis
Thornburg New 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 New Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Thornburg New York 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 New November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Thornburg New 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 New shares will generate the highest return on investment. By undertsting and applying Thornburg New mutual fund market strength indicators, traders can identify Thornburg New York entry and exit signals to maximize returns
Thornburg New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thornburg New'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 | 0.0053 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | 0.0186 |
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| Volume Indicators |
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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