Thornburg Value Fund Market Value
| TVRRX Fund | USD 90.50 0.99 1.11% |
| Symbol | Thornburg |
Thornburg Value '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 Value'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 Value.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Thornburg Value on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Thornburg Value Fund or generate 0.0% return on investment in Thornburg Value over 480 days. Thornburg Value is related to or competes with Rbc Bluebay, Touchstone Ohio, Multisector Bond, T Rowe, Artisan High, Mesirow Financial, and Financial Industries. Under normal conditions, the fund invests at least 80 percent of its net assets in small- and mid-capitalization compani... More
Thornburg Value 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 Value'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 Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9707 | |||
| Information Ratio | 0.058 | |||
| Maximum Drawdown | 6.14 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 2.08 |
Thornburg Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Value's standard deviation. In reality, there are many statistical measures that can use Thornburg Value historical prices to predict the future Thornburg Value's volatility.| Risk Adjusted Performance | 0.1343 | |||
| Jensen Alpha | 0.1583 | |||
| Total Risk Alpha | 0.0059 | |||
| Sortino Ratio | 0.0687 | |||
| Treynor Ratio | 0.7832 |
Thornburg Value Backtested Returns
Thornburg Value appears to be very steady, given 3 months investment horizon. Thornburg Value owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thornburg Value Fund, which you can use to evaluate the volatility of the fund. Please review Thornburg Value's Semi Deviation of 0.7759, risk adjusted performance of 0.1343, and Coefficient Of Variation of 583.65 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Value is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Thornburg Value Fund has very good predictability. Overlapping area represents the amount of predictability between Thornburg Value time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Value price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Thornburg Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 15.53 |
Thornburg Value lagged returns against current returns
Autocorrelation, which is Thornburg Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Value returns to help us make a trade decision. For example, suppose you find that Thornburg Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Value Lagged Returns
When evaluating Thornburg Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Value mutual fund have on its future price. Thornburg Value 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 Value autocorrelation shows the relationship between Thornburg Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Value Fund.
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 Value 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 Value security.
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