Thornburg Strategic Income Fund Market Value
| TSIIX Fund | USD 11.47 0.01 0.09% |
| Symbol | Thornburg |
Thornburg Strategic '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 Strategic'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 Strategic.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Thornburg Strategic on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Thornburg Strategic Income or generate 0.0% return on investment in Thornburg Strategic over 360 days. Thornburg Strategic is related to or competes with Pimco Income, Pimco Incme, Pimco Income, Pimco Income, and Fidelity Advisor. The fund pursues its investment goals by investing in a broad range of income-producing investments from throughout the ... More
Thornburg Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.70) | |||
| Maximum Drawdown | 0.7876 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.346 |
Thornburg Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Strategic's standard deviation. In reality, there are many statistical measures that can use Thornburg Strategic historical prices to predict the future Thornburg Strategic's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.80) |
Thornburg Strategic Backtested Returns
Thornburg Strategic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0651, which indicates the fund had a -0.0651% return per unit of risk over the last 3 months. Thornburg Strategic Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg Strategic's Variance of 0.0343, risk adjusted performance of (0.05), and Coefficient Of Variation of (3,633) to confirm the risk estimate we provide. The entity has a beta of 0.0188, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Strategic is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Thornburg Strategic Income has average predictability. Overlapping area represents the amount of predictability between Thornburg Strategic time series from 17th of December 2023 to 14th of June 2024 and 14th of June 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 Strategic price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Thornburg Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Thornburg Strategic lagged returns against current returns
Autocorrelation, which is Thornburg Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Strategic returns to help us make a trade decision. For example, suppose you find that Thornburg Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Strategic Lagged Returns
When evaluating Thornburg Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Strategic mutual fund have on its future price. Thornburg Strategic 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 Strategic autocorrelation shows the relationship between Thornburg Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Strategic 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 Strategic 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 Strategic security.
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