Thornburg Limited Term Fund Price on April 3, 2024
| LTMIX Fund | USD 13.52 0.01 0.07% |
If you're considering investing in Thornburg Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Thornburg Limited stands at 13.52, as last reported on the 19th of May, with the highest price reaching 13.52 and the lowest price hitting 13.52 during the day. We consider Thornburg Limited very steady. Thornburg Limited Term owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.031, which indicates the fund had a 0.031% 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 Semi Deviation of 0.0547, coefficient of variation of 3221.34, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0035%.
Thornburg Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Thornburg |
Sharpe Ratio = 0.031
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| Negative Returns | LTMIX |
Estimated Market Risk
| 0.11 actual daily | 0 100% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Thornburg Limited is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thornburg Limited by adding it to a well-diversified portfolio.
Thornburg Limited Valuation on April 3, 2024
It is possible to determine the worth of Thornburg Limited on a given historical date. On April 3, 2024 Thornburg was worth 13.54 at the beginning of the trading date compared to the closed value of 13.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thornburg Limited mutual fund. Still, in general, we apply an absolute valuation method to find Thornburg Limited's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Thornburg Limited where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thornburg Limited's related companies.
| Open | High | Low | Close | Volume | |
| 13.54 | 13.54 | 13.50 | 13.50 | 1.00 | |
04/03/2024 | 13.54 | 13.54 | 13.50 | 13.50 | 1.00 |
| 13.54 | 13.54 | 13.50 | 13.50 | 1.00 |
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Thornburg Limited Trading Date Momentum on April 3, 2024
| On April 04 2024 Thornburg Limited Term was traded for 13.50 at the closing time. The highest daily price throughout the period was 13.54 and the lowest price was 13.50 . There was no trading activity during the period 1.0. Lack of trading volume on 04/04/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.07% . |
Thornburg Limited Term Fundamentals Correlations and Trends
By evaluating Thornburg Limited's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Thornburg Limited's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thornburg financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thornburg Limited Mutual Fund history
Thornburg Limited investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Thornburg is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thornburg Limited Term will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Thornburg Limited stock prices may prove useful in developing a viable investing in Thornburg Limited
The investment seeks to obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the funds investment advisor, with preservation of capital to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios is the secondary objective. Thornburg Limited is traded on NASDAQ Exchange in the United States.
Thornburg Limited Mutual Fund Technical Analysis
Thornburg Limited technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Thornburg Limited Period Price Range
Low | April 3, 2024
| High |
13.54 | 13.50 |
Thornburg Limited May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Thornburg Limited 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 Limited shares will generate the highest return on investment. By undertsting and applying Thornburg Limited mutual fund market strength indicators, traders can identify Thornburg Limited Term entry and exit signals to maximize returns
Thornburg Limited Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thornburg Limited's price direction in advance. Along with the technical and fundamental analysis of Thornburg Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thornburg to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.67) | |||
| Treynor Ratio | (0.19) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Thornburg Limited Term. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.