Thornburg New Mexico Fund Buy Hold or Sell Recommendation
| THNIX Fund | USD 12.38 0.01 0.08% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Thornburg New Mexico is 'Not Rated'. Macroaxis provides Thornburg New buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding THNIX positions. The advice algorithm takes into account all of Thornburg New's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Thornburg New's buy or sell advice are summarized below:
Real Value 0.0 | Hype Value 0.0 | Market Value 12.38 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Thornburg New Mexico given historical horizon and risk tolerance towards Thornburg New. When Macroaxis issues a 'buy' or 'sell' recommendation for Thornburg New Mexico, the advice is generated through an automated system that utilizes algorithms and statistical models.
Thornburg |
Execute Thornburg New Buy or Sell Advice
The Thornburg recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Thornburg New Mexico. Macroaxis does not own or have any residual interests in Thornburg New Mexico or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Thornburg New's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
Thornburg New Trading Alerts and Improvement Suggestions
| The fund generated three year return of -1.0% | |
| Thornburg New Mexico maintains about 99.35% of its assets in bonds |
Thornburg New Returns Distribution Density
The distribution of Thornburg New's historical returns is an attempt to chart the uncertainty of Thornburg New's future price movements. The chart of the probability distribution of Thornburg New daily returns describes the distribution of returns around its average expected value. We use Thornburg New Mexico price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Thornburg New returns is essential to provide solid investment advice for Thornburg New.
| Mean Return | 0.01 | Value At Risk | -0.16 | Potential Upside | 0.24 | Standard Deviation | 0.11 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Thornburg New historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Thornburg New Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Thornburg New or Thornburg sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Thornburg New's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Thornburg fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.0082 | |
β | Beta against NYSE Composite | 0.04 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.73 |
Thornburg New Volatility Alert
Thornburg New Mexico exhibits very low volatility with skewness of 0.99 and kurtosis of 5.32. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Thornburg New's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Thornburg New's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Thornburg New Fundamentals Vs Peers
Comparing Thornburg New's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Thornburg New's direct or indirect competition across all of the common fundamentals between Thornburg New and the related equities. This way, we can detect undervalued stocks with similar characteristics as Thornburg New or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Thornburg New's fundamental indicators could also be used in its relative valuation, which is a method of valuing Thornburg New by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Thornburg New to competition |
| Fundamentals | Thornburg New | Peer Average |
| Annual Yield | 0 % | 0.29 % |
| Year To Date Return | 0.14 % | 0.39 % |
| One Year Return | 1.43 % | 4.15 % |
| Three Year Return | (0.70) % | 3.60 % |
| Five Year Return | 0.95 % | 3.24 % |
| Ten Year Return | 2.84 % | 1.79 % |
| Net Asset | 113 M | 4.11 B |
| Minimum Initial Investment | 2.5 M | 976.16 K |
| Last Dividend Paid | 0.02 | 0.65 |
| Cash Position Weight | 0.65 % | 10.61 % |
| Bond Positions Weight | 99.35 % | 11.24 % |
Thornburg New Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Thornburg . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.38 | |||
| Day Typical Price | 12.38 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
About Thornburg New Buy or Sell Advice
When is the right time to buy or sell Thornburg New Mexico? Buying financial instruments such as Thornburg Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Thornburg New in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies manufacturing rubber and plastics accessories. The Plastics theme has 41 constituents at this time.
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Check out Thornburg New Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.