Thornburg Global Mutual Fund Forecast - 20 Period Moving Average

THOFX Fund  USD 38.15  0.04  0.10%   
The 20 Period Moving Average forecasted value of Thornburg Global Opportunities on the next trading day is expected to be 38.26 with a mean absolute deviation of 0.51 and the sum of the absolute errors of 21.03. Thornburg Mutual Fund Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for Thornburg Global Opportunities is based on a synthetically constructed Thornburg Globaldaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Thornburg Global 20 Period Moving Average Price Forecast For the 6th of December

Given 90 days horizon, the 20 Period Moving Average forecasted value of Thornburg Global Opportunities on the next trading day is expected to be 38.26 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.41, and the sum of the absolute errors of 21.03.
Please note that although there have been many attempts to predict Thornburg Mutual Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Thornburg Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Thornburg Global Mutual Fund Forecast Pattern

Backtest Thornburg GlobalThornburg Global Price PredictionBuy or Sell Advice 

Thornburg Global Forecasted Value

In the context of forecasting Thornburg Global's Mutual Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Thornburg Global's downside and upside margins for the forecasting period are 37.58 and 38.93, respectively. We have considered Thornburg Global's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
38.15
38.26
Expected Value
38.93
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Thornburg Global mutual fund data series using in forecasting. Note that when a statistical model is used to represent Thornburg Global mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria80.4582
BiasArithmetic mean of the errors 0.4261
MADMean absolute deviation0.513
MAPEMean absolute percentage error0.0134
SAESum of the absolute errors21.034
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Thornburg Global Opp 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Thornburg Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thornburg Global Opp. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
37.4738.1538.83
Details
Intrinsic
Valuation
LowRealHigh
35.5136.1941.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thornburg Global. Your research has to be compared to or analyzed against Thornburg Global's peers to derive any actionable benefits. When done correctly, Thornburg Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Thornburg Global Opp.

Other Forecasting Options for Thornburg Global

For every potential investor in Thornburg, whether a beginner or expert, Thornburg Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thornburg Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thornburg. Basic forecasting techniques help filter out the noise by identifying Thornburg Global's price trends.

Thornburg Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Thornburg Global mutual fund to make a market-neutral strategy. Peer analysis of Thornburg Global could also be used in its relative valuation, which is a method of valuing Thornburg Global by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Thornburg Global Opp Technical and Predictive Analytics

The mutual fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Thornburg Global's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Thornburg Global's current price.

Thornburg Global Market Strength Events

Market strength indicators help investors to evaluate how Thornburg Global mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thornburg Global shares will generate the highest return on investment. By undertsting and applying Thornburg Global mutual fund market strength indicators, traders can identify Thornburg Global Opportunities entry and exit signals to maximize returns.

Thornburg Global Risk Indicators

The analysis of Thornburg Global's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Thornburg Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thornburg mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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 Global 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 Global security.
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities