Thornburg Summit Fund Market Value
| TSAMX Fund | USD 12.97 0.17 1.29% |
| Symbol | Thornburg |
Thornburg Summit '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 Summit'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 Summit.
| 02/15/2024 |
| 03/11/2025 |
If you would invest 0.00 in Thornburg Summit on February 15, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Summit or generate 0.0% return on investment in Thornburg Summit over 390 days. Thornburg Summit is related to or competes with Thornburg Value, Thornburg Value, Thornburg International, Thornburg International, Thornburg International, Thornburg International, and Thornburg Core. The funds investments are expected to emphasize long positions in equity securities and fixed income obligations, though... More
Thornburg Summit 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 Summit'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 Summit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5947 | |||
| Information Ratio | 0.2009 | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.8365 |
Thornburg Summit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Summit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Summit's standard deviation. In reality, there are many statistical measures that can use Thornburg Summit historical prices to predict the future Thornburg Summit's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0721 | |||
| Sortino Ratio | 0.1825 | |||
| Treynor Ratio | (0.03) |
Thornburg Summit Backtested Returns
Thornburg Summit owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0391, which indicates the fund had a -0.0391 % return per unit of risk over the last 3 months. Thornburg Summit exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Summit's Coefficient Of Variation of 3809.93, semi deviation of 0.5531, and Risk Adjusted Performance of 0.0164 to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thornburg Summit are expected to decrease at a much lower rate. During the bear market, Thornburg Summit is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
Thornburg Summit has weak reverse predictability. Overlapping area represents the amount of predictability between Thornburg Summit time series from 15th of February 2024 to 28th of August 2024 and 28th of August 2024 to 11th 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 Summit price movement. The serial correlation of -0.23 indicates that over 23.0% of current Thornburg Summit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thornburg Summit lagged returns against current returns
Autocorrelation, which is Thornburg Summit 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 Summit's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Summit returns to help us make a trade decision. For example, suppose you find that Thornburg Summit 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 Summit 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 Summit mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Summit 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 Summit mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Summit Lagged Returns
When evaluating Thornburg Summit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Summit mutual fund have on its future price. Thornburg Summit 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 Summit autocorrelation shows the relationship between Thornburg Summit mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Summit.
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 Summit 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 Summit security.
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