Thornburg Core Plus Fund Statistic Functions Linear Regression
| THCAX Fund | 10.50 0.05 0.48% |
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The output start index for this execution was nine with a total number of output elements of fifty-two. The Linear Regression model generates relationship between price series of Thornburg Core Plus and its peer or benchmark and helps predict Thornburg Core future price from its past values.
Thornburg Core Technical Analysis Modules
Most technical analysis of Thornburg Core help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Thornburg from various momentum indicators to cycle indicators. When you analyze Thornburg charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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Thornburg Core Plus pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thornburg Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thornburg Core will appreciate offsetting losses from the drop in the long position's value.Thornburg Core Pair Trading
Thornburg Core Plus Pair Trading Analysis
The ability to find closely correlated positions to Thornburg Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thornburg Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thornburg Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thornburg Core Plus to buy it.
The correlation of Thornburg Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thornburg Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thornburg Core Plus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thornburg Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| CEOs Directory Screen CEOs from public companies around the world | |
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