Thornburg Better World Fund Market Value
| TBWIX Fund | USD 18.96 0.08 0.42% |
| Symbol | Thornburg |
Thornburg Better '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 Better'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 Better.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Thornburg Better on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Thornburg Better World or generate 0.0% return on investment in Thornburg Better over 720 days. Thornburg Better is related to or competes with 1919 Socially, Pax Large, Natixis Sustainable, IShares MSCI, and IShares ESG. The fund invests primarily in a broad range of foreign equity securities or depositary receipts of foreign equity securi... More
Thornburg Better 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 Better'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 Better World upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.9906 |
Thornburg Better Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Better's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Better's standard deviation. In reality, there are many statistical measures that can use Thornburg Better historical prices to predict the future Thornburg Better's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.26) |
Thornburg Better World Backtested Returns
Thornburg Better World owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0945, which indicates the fund had a -0.0945% return per unit of risk over the last 3 months. Thornburg Better World exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Better's Coefficient Of Variation of (1,135), variance of 0.5175, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Better's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Better is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Thornburg Better World has poor predictability. Overlapping area represents the amount of predictability between Thornburg Better time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Better World price movement. The serial correlation of 0.25 indicates that over 25.0% of current Thornburg Better price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Thornburg Better World lagged returns against current returns
Autocorrelation, which is Thornburg Better 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 Better's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Better returns to help us make a trade decision. For example, suppose you find that Thornburg Better 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 Better 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 Better mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Better 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 Better mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Better Lagged Returns
When evaluating Thornburg Better's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Better mutual fund have on its future price. Thornburg Better 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 Better autocorrelation shows the relationship between Thornburg Better mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Better World.
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 Better 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 Better security.
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