Thornburg Strategic Income Fund Market Value
| TSIAX Fund | USD 11.52 0.03 0.26% |
| Symbol | Thornburg |
Thornburg Strategic '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 Strategic'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 Strategic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Thornburg Strategic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Strategic Income or generate 0.0% return on investment in Thornburg Strategic over 30 days. Thornburg Strategic is related to or competes with Thornburg Value, Thornburg Value, Thornburg International, Thornburg International, Thornburg International, Thornburg International, and Thornburg Core. The fund pursues its investment goals by investing in a broad range of income-producing investments from throughout the ... More
Thornburg Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2324 | |||
| Information Ratio | (0.67) | |||
| Maximum Drawdown | 0.8734 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.2611 |
Thornburg Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Strategic's standard deviation. In reality, there are many statistical measures that can use Thornburg Strategic historical prices to predict the future Thornburg Strategic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 0.1639 |
Thornburg Strategic Backtested Returns
At this stage we consider Thornburg Mutual Fund to be very steady. Thornburg Strategic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0079, which indicates the fund had a 0.0079% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thornburg Strategic Income, which you can use to evaluate the volatility of the fund. Please validate Thornburg Strategic's Risk Adjusted Performance of (0.01), coefficient of variation of 3586.93, and Semi Deviation of 0.1646 to confirm if the risk estimate we provide is consistent with the expected return of 0.0015%. The entity has a beta of -0.0277, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thornburg Strategic are expected to decrease at a much lower rate. During the bear market, Thornburg Strategic is likely to outperform the market.
Auto-correlation | -0.42 |
Modest reverse predictability
Thornburg Strategic Income has modest reverse predictability. Overlapping area represents the amount of predictability between Thornburg Strategic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Strategic price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Thornburg Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thornburg Strategic lagged returns against current returns
Autocorrelation, which is Thornburg Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Strategic returns to help us make a trade decision. For example, suppose you find that Thornburg Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Strategic Lagged Returns
When evaluating Thornburg Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Strategic mutual fund have on its future price. Thornburg Strategic 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 Strategic autocorrelation shows the relationship between Thornburg Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Strategic Income.
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 Strategic 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 Strategic security.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |