Thornburg Developing World Fund Market Value
| THDCX Fund | USD 19.90 0.29 1.44% |
| Symbol | Thornburg |
Thornburg Developing '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 Developing'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 Developing.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Thornburg Developing on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Thornburg Developing World or generate 0.0% return on investment in Thornburg Developing over 30 days. Thornburg Developing is related to or competes with Guidemark Large, Tax-managed, Fidelity Large, American Mutual, Lord Abbett, Dodge Cox, and Neiman Large. Under normal market conditions, the fund pursues its objective by investing at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of issuers which Thornburg views as having substantial economic ties to one or more developing countries. More
Thornburg Developing 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 Developing'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 Developing World upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.19 |
Thornburg Developing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Developing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Developing's standard deviation. In reality, there are many statistical measures that can use Thornburg Developing historical prices to predict the future Thornburg Developing's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0018 | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thornburg Developing'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 Developing Backtested Returns
Thornburg Developing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0242, which indicates the fund had a -0.0242 % return per unit of risk over the last 3 months. Thornburg Developing World exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Developing's Coefficient Of Variation of (5,905), variance of 0.6857, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Developing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Developing is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Thornburg Developing World has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Thornburg Developing time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 2025. 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 Developing price movement. The serial correlation of -0.77 indicates that around 77.0% of current Thornburg Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Thornburg Developing lagged returns against current returns
Autocorrelation, which is Thornburg Developing 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 Developing's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Developing returns to help us make a trade decision. For example, suppose you find that Thornburg Developing 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 Developing 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 Developing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Developing 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 Developing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Developing Lagged Returns
When evaluating Thornburg Developing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Developing mutual fund have on its future price. Thornburg Developing 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 Developing autocorrelation shows the relationship between Thornburg Developing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Developing 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 Developing 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 Developing security.
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