Thornburg Income Builder Stock Market Value
| TBLD Stock | USD 16.53 0.07 0.43% |
| Symbol | Thornburg |
Thornburg Income Builder Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thornburg Income. If investors know Thornburg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thornburg Income listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.22 |
The market value of Thornburg Income Builder is measured differently than its book value, which is the value of Thornburg that is recorded on the company's balance sheet. Investors also form their own opinion of Thornburg Income's value that differs from its market value or its book value, called intrinsic value, which is Thornburg Income's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thornburg Income's market value can be influenced by many factors that don't directly affect Thornburg Income's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thornburg Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Thornburg Income '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 Income's stock 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 Income.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Thornburg Income on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Income Builder or generate 0.0% return on investment in Thornburg Income over 30 days. Thornburg Income is related to or competes with Guggenheim Active, Pioneer Floating, DTF Tax, BlackRock Floating, Western Asset, Guggenheim Taxable, and Advent Claymore. Thornburg Income is entity of United States More
Thornburg Income 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 Income's stock 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 Income Builder upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.4 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.28 |
Thornburg Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Income's standard deviation. In reality, there are many statistical measures that can use Thornburg Income historical prices to predict the future Thornburg Income's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.13) |
Thornburg Income Builder Backtested Returns
Thornburg Income Builder owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0098, which indicates the firm had a -0.0098% return per unit of risk over the last 3 months. Thornburg Income Builder exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Income's Risk Adjusted Performance of (0.01), coefficient of variation of (6,301), and Variance of 0.6213 to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Income is expected to be smaller as well. At this point, Thornburg Income Builder has a negative expected return of -0.0075%. Please make sure to validate Thornburg Income's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Thornburg Income Builder performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Thornburg Income Builder has no correlation between past and present. Overlapping area represents the amount of predictability between Thornburg Income time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Income Builder price movement. The serial correlation of 0.0 indicates that just 0.0% of current Thornburg Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thornburg Income Builder lagged returns against current returns
Autocorrelation, which is Thornburg Income stock'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 Income's stock expected returns. We can calculate the autocorrelation of Thornburg Income returns to help us make a trade decision. For example, suppose you find that Thornburg Income has exhibited high autocorrelation historically, and you observe that the stock 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 Income 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 Income stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Income stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thornburg Income stock over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Income Lagged Returns
When evaluating Thornburg Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Income stock have on its future price. Thornburg Income 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 Income autocorrelation shows the relationship between Thornburg Income stock current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Income Builder.
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.When determining whether Thornburg Income Builder is a strong investment it is important to analyze Thornburg Income's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Thornburg Income's future performance. For an informed investment choice regarding Thornburg Stock, refer to the following important reports:Check out Thornburg Income Correlation, Thornburg Income Volatility and Thornburg Income Alpha and Beta module to complement your research on Thornburg Income. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.