Thornburg Limited Term Fund Market Value
| LTUSX Fund | USD 11.95 0.01 0.08% |
| Symbol | Thornburg |
Thornburg Limited 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Thornburg Limited's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Thornburg Limited.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Thornburg Limited on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Limited Term or generate 0.0% return on investment in Thornburg Limited over 180 days. Thornburg Limited is related to or competes with Bbh Intermediate, Icon Bond, Maryland Tax-free, Multisector Bond, Blrc Sgy, and Ambrus Core. The fund invests at least 80 percent of its assets in U.S More
Thornburg Limited Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Thornburg Limited's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Thornburg Limited Term upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.71) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.2494 |
Thornburg Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Limited's standard deviation. In reality, there are many statistical measures that can use Thornburg Limited historical prices to predict the future Thornburg Limited's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.8096 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thornburg Limited's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thornburg Limited Term Backtested Returns
Thornburg Limited Term owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0509, which indicates the fund had a -0.0509% return per unit of risk over the last 3 months. Thornburg Limited Term exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Limited's Variance of 0.0393, coefficient of variation of (2,000), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.0246, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thornburg Limited are expected to decrease at a much lower rate. During the bear market, Thornburg Limited is likely to outperform the market.
Auto-correlation | -0.87 |
Excellent reverse predictability
Thornburg Limited Term has excellent reverse predictability. Overlapping area represents the amount of predictability between Thornburg Limited time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thornburg Limited Term price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Thornburg Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thornburg Limited Term lagged returns against current returns
Autocorrelation, which is Thornburg Limited mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Thornburg Limited's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Limited returns to help us make a trade decision. For example, suppose you find that Thornburg Limited has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Thornburg Limited regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Thornburg Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Limited mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thornburg Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Limited Lagged Returns
When evaluating Thornburg Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Limited mutual fund have on its future price. Thornburg Limited autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Thornburg Limited autocorrelation shows the relationship between Thornburg Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Limited Term.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Thornburg Mutual Fund
Thornburg Limited 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 Limited security.
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