Thornburg Investment Income Fund Market Value
| TIBCX Fund | USD 25.57 0.16 0.63% |
| Symbol | Thornburg |
Thornburg Investment '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 Investment'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 Investment.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Thornburg Investment on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thornburg Investment Income or generate 0.0% return on investment in Thornburg Investment over 30 days. Thornburg Investment is related to or competes with Franklin Income, Jpmorgan Income, First Eagle, Ivy Asset, and Thornburg Investment. The fund pursues its investment goals by investing in a broad range of income producing securities, primarily including ... More
Thornburg Investment 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 Investment'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 Investment Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.6297 |
Thornburg Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Investment's standard deviation. In reality, there are many statistical measures that can use Thornburg Investment historical prices to predict the future Thornburg Investment's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thornburg Investment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thornburg Investment Backtested Returns
Thornburg Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the fund had a -0.14% return per unit of risk over the last 3 months. Thornburg Investment Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Investment's Coefficient Of Variation of (771.73), risk adjusted performance of (0.11), and Variance of 0.2631 to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Investment is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Thornburg Investment Income has very good reverse predictability. Overlapping area represents the amount of predictability between Thornburg Investment time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Investment price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Thornburg Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Thornburg Investment lagged returns against current returns
Autocorrelation, which is Thornburg Investment 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 Investment's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Investment returns to help us make a trade decision. For example, suppose you find that Thornburg Investment 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 Investment 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 Investment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Investment 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 Investment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Investment Lagged Returns
When evaluating Thornburg Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Investment mutual fund have on its future price. Thornburg Investment 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 Investment autocorrelation shows the relationship between Thornburg Investment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Investment 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 Investment 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 Investment security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |