Thornburg Low Duration Fund Market Value
| TLDAX Fund | USD 12.22 0.00 0.00% |
| Symbol | Thornburg |
Thornburg Low '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 Low'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 Low.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Thornburg Low on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Low Duration or generate 0.0% return on investment in Thornburg Low over 30 days. Thornburg Low is related to or competes with Calvert Conservative, Harbor Diversified, Delaware Limited-term, Prudential Core, Aqr Diversified, and Pgim Conservative. The fund invests 80 percent of its net assets in obligations of the U.S More
Thornburg Low 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 Low'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 Low Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0899 | |||
| Information Ratio | (1.18) | |||
| Maximum Drawdown | 0.5772 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.0826 |
Thornburg Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Low's standard deviation. In reality, there are many statistical measures that can use Thornburg Low historical prices to predict the future Thornburg Low's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (1.31) | |||
| Treynor Ratio | (0.89) |
Thornburg Low Duration Backtested Returns
At this stage we consider Thornburg Mutual Fund to be very steady. Thornburg Low Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Thornburg Low Duration, which you can use to evaluate the volatility of the fund. Please validate Thornburg Low's Downside Deviation of 0.0899, standard deviation of 0.0992, and Risk Adjusted Performance of 0.0872 to confirm if the risk estimate we provide is consistent with the expected return of 0.0142%. The entity has a beta of -0.0113, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thornburg Low are expected to decrease at a much lower rate. During the bear market, Thornburg Low is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
Thornburg Low Duration has weak reverse predictability. Overlapping area represents the amount of predictability between Thornburg Low time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Low Duration price movement. The serial correlation of -0.22 indicates that over 22.0% of current Thornburg Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thornburg Low Duration lagged returns against current returns
Autocorrelation, which is Thornburg Low 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 Low's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Low returns to help us make a trade decision. For example, suppose you find that Thornburg Low 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 Low 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 Low mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Low 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 Low mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Low Lagged Returns
When evaluating Thornburg Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Low mutual fund have on its future price. Thornburg Low 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 Low autocorrelation shows the relationship between Thornburg Low mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Low Duration.
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 Low 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 Low security.
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