Thornburg New Mexico Fund Manager Performance Evaluation
| THNIX Fund | USD 12.45 0.02 0.16% |
The entity has a beta of 0.0165, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg New is expected to be smaller as well.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Thornburg New Mexico are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Thornburg New is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of February 2023 | |
| Expense Ratio | 0.6700 |
Thornburg |
Thornburg New Relative Risk vs. Return Landscape
If you would invest 1,241 in Thornburg New Mexico on September 1, 2024 and sell it today you would earn a total of 4.00 from holding Thornburg New Mexico or generate 0.32% return on investment over 90 days. Thornburg New Mexico is currently producing 0.0051% returns and takes up 0.1452% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Thornburg, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Thornburg New Current Valuation
Fairly Valued
Today
Please note that Thornburg New's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Thornburg New Mexico has a current Real Value of $12.31 per share. The regular price of the fund is $12.45. We determine the value of Thornburg New Mexico from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Thornburg New is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Thornburg Mutual Fund. However, Thornburg New's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 12.45 | Real 12.31 | Hype 12.45 | Naive 12.44 |
The intrinsic value of Thornburg New's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Thornburg New's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Thornburg New Mexico helps investors to forecast how Thornburg mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Thornburg New more accurately as focusing exclusively on Thornburg New's fundamentals will not take into account other important factors: Thornburg New Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg New's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Thornburg New Mexico, and traders can use it to determine the average amount a Thornburg New's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0354
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | THNIX |
Estimated Market Risk
| 0.15 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
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Thornburg New is performing at about 2% 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 Fundamentals Growth
Thornburg Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Thornburg New, and Thornburg New fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Thornburg Mutual Fund performance.
| Total Asset | 54 M | ||||
About Thornburg New Performance
Evaluating Thornburg New's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Thornburg New has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Thornburg New has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by the State of New Mexico and its agencies, and by New Mexico local governments and their agencies. It is non-diversified.Things to note about Thornburg New Mexico performance evaluation
Checking the ongoing alerts about Thornburg New for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Thornburg New Mexico help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| Thornburg New Mexico maintains about 99.35% of its assets in bonds |
- Analyzing Thornburg New's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Thornburg New's stock is overvalued or undervalued compared to its peers.
- Examining Thornburg New's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Thornburg New's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Thornburg New's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Thornburg New's mutual fund. These opinions can provide insight into Thornburg New's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
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