Thornburg Limited Term Fund Market Value
| LTMQX Fund | USD 13.64 0.01 0.07% |
| Symbol | Thornburg |
Thornburg Limited '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 Limited'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 Limited.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Thornburg Limited on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Limited Term or generate 0.0% return on investment in Thornburg Limited over 90 days. Thornburg Limited is related to or competes with Tekla Healthcare, Deutsche Health, Lord Abbett, Alger Health, Vanguard Health, Highland Longshort, and Blackrock Health. The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by states and state agencies, local governments and their agencies and by United States territories and possessions. More
Thornburg Limited 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 Limited'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 Limited Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2277 | |||
| Information Ratio | (0.94) | |||
| Maximum Drawdown | 0.7394 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.2201 |
Thornburg Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Limited's standard deviation. In reality, there are many statistical measures that can use Thornburg Limited historical prices to predict the future Thornburg Limited's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.53) | |||
| Treynor Ratio | (0.73) |
Thornburg Limited Term Backtested Returns
At this stage we consider Thornburg Mutual Fund to be very steady. Thornburg Limited Term owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0182, which indicates the fund had a 0.0182% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thornburg Limited Term, which you can use to evaluate the volatility of the fund. Please validate Thornburg Limited's Coefficient Of Variation of 3755.62, risk adjusted performance of (0.03), and Semi Deviation of 0.1056 to confirm if the risk estimate we provide is consistent with the expected return of 0.0024%. The entity has a beta of 0.009, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Limited is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Thornburg Limited Term has very good reverse predictability. Overlapping area represents the amount of predictability between Thornburg Limited time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Limited Term price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Thornburg Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thornburg Limited Term lagged returns against current returns
Autocorrelation, which is Thornburg Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Limited returns to help us make a trade decision. For example, suppose you find that Thornburg Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Limited Lagged Returns
When evaluating Thornburg Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Limited mutual fund have on its future price. Thornburg Limited 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 Limited autocorrelation shows the relationship between Thornburg Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Limited Term.
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 Limited 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 Limited security.
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