Thornburg Core Plus Fund Market Value
| THCAX Fund | 10.31 0.01 0.1% |
| Symbol | Thornburg |
Thornburg Core '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 Core'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 Core.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Thornburg Core on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Thornburg Core Plus or generate 0.0% return on investment in Thornburg Core over 90 days. Thornburg Core is related to or competes with Black Oak, Nasdaq 100, Doubleline Emerging, Wcm Focused, Delaware Emerging, Fidelity Series, and Multi-asset Growth. Under normal conditions, the fund invests at least 80 percent of its net assets, plus the amount of any borrowings for i... More
Thornburg Core 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 Core'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 Core Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3626 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4936 |
Thornburg Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thornburg Core's standard deviation. In reality, there are many statistical measures that can use Thornburg Core historical prices to predict the future Thornburg Core's volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.0149 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | 2.54 |
Thornburg Core Plus Backtested Returns
At this stage we consider Thornburg Mutual Fund to be very steady. Thornburg Core Plus owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0758, which indicates the fund had a 0.0758 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thornburg Core Plus, which you can use to evaluate the volatility of the fund. Please validate Thornburg Core's Semi Deviation of 0.2819, coefficient of variation of 1279.2, and Risk Adjusted Performance of 0.0545 to confirm if the risk estimate we provide is consistent with the expected return of 0.0245%. The entity has a beta of 0.0062, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thornburg Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thornburg Core is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
Thornburg Core Plus has modest reverse predictability. Overlapping area represents the amount of predictability between Thornburg Core time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 Core Plus price movement. The serial correlation of -0.49 indicates that about 49.0% of current Thornburg Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thornburg Core Plus lagged returns against current returns
Autocorrelation, which is Thornburg Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Thornburg Core returns to help us make a trade decision. For example, suppose you find that Thornburg Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thornburg Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thornburg Core Lagged Returns
When evaluating Thornburg Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thornburg Core mutual fund have on its future price. Thornburg Core 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 Core autocorrelation shows the relationship between Thornburg Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thornburg Core Plus.
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 Core 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 Core security.
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