Thornburg Global Opportunities Fund Manager Performance Evaluation
| THOGX Fund | USD 37.14 0.24 0.65% |
The entity has a beta of -0.053, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thornburg Global are expected to decrease at a much lower rate. During the bear market, Thornburg Global is likely to outperform the market.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Thornburg Global Opportunities are ranked lower than 17 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly inconsistent technical and fundamental indicators, Thornburg Global may actually be approaching a critical reversion point that can send shares even higher in June 2024.
...more| Expense Ratio | 0.8500 |
Thornburg |
Thornburg Global Relative Risk vs. Return Landscape
If you would invest 3,408 in Thornburg Global Opportunities on February 4, 2024 and sell it today you would earn a total of 306.00 from holding Thornburg Global Opportunities or generate 8.98% return on investment over 90 days. Thornburg Global Opportunities is currently producing 0.1384% returns and takes up 0.6118% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Thornburg, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Thornburg Global Current Valuation
Overvalued
Today
Please note that Thornburg Global's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Thornburg Global Opp has a current Real Value of $36.08 per share. The regular price of the fund is $37.14. We determine the value of Thornburg Global Opp from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Our valuation method for Thornburg Global Opportunities is useful when determining the fair value of the Thornburg mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Thornburg Global. Since Thornburg Global is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Thornburg Mutual Fund. However, Thornburg Global's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 37.14 | Real 36.08 | Hype 37.14 | Naive 37.77 |
The real value of Thornburg Mutual Fund, also known as its intrinsic value, is the underlying worth of Thornburg Global Opp Mutual Fund, which is reflected in its stock price. It is based on Thornburg Global's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Thornburg Global's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Thornburg Global's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Thornburg Global Opportunities helps investors to forecast how Thornburg mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Thornburg Global more accurately as focusing exclusively on Thornburg Global's fundamentals will not take into account other important factors: Thornburg Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thornburg Global's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Thornburg Global Opportunities, and traders can use it to determine the average amount a Thornburg Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2262
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| Cash | THOGX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average Thornburg Global is performing at about 17% 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 Global by adding it to a well-diversified portfolio.
Thornburg Global Fundamentals Growth
Thornburg Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Thornburg Global, and Thornburg Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Thornburg Mutual Fund performance.
| Total Asset | 911.14 M | ||||
About Thornburg Global Performance
To evaluate Thornburg Global Opp Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Thornburg Global generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Thornburg Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Thornburg Global Opp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Thornburg's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund pursues its investment goal by investing primarily in a broad range of equity securities, including common stocks, preferred stocks and publicly traded real estate investment trusts. It may invest in any stock or other equity security which its investment advisor, Thornburg Investment Management, Inc. , believes may assist The fund invests in pursuing its goal.Things to note about Thornburg Global Opp performance evaluation
Checking the ongoing alerts about Thornburg Global for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Thornburg Global Opp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Thornburg Global's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Thornburg Global's mutual fund performance include:- Analyzing Thornburg Global's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Thornburg Global's stock is overvalued or undervalued compared to its peers.
- Examining Thornburg Global's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Thornburg Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Thornburg Global's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Thornburg Global's mutual fund. These opinions can provide insight into Thornburg Global's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thornburg Global Opportunities. 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 price. Note that the Thornburg Global Opp information on this page should be used as a complementary analysis to other Thornburg Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.