Thornburg New Mexico Fund Price on May 23, 2020

THNIX Fund  USD 12.46  0.01  0.08%   
Below is the normalized historical share price chart for Thornburg New Mexico extending back to February 01, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Thornburg New stands at 12.46, as last reported on the 28th of March, with the highest price reaching 12.46 and the lowest price hitting 12.46 during the day.
 
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If you're considering investing in Thornburg Mutual Fund, it is important to understand the factors that can impact its price. Thornburg New Mexico owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0349, which indicates the fund had a -0.0349% return per unit of risk over the last 3 months. Thornburg New Mexico exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thornburg New's Risk Adjusted Performance of (0.03), coefficient of variation of 8666.72, and Semi Deviation of 0.0644 to confirm the risk estimate we provide.
  
Thornburg Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0349

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Based on monthly moving average Thornburg New is not performing at its full potential. However, 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 New by adding Thornburg New to a well-diversified portfolio.

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.

About Thornburg New Mutual Fund history

Thornburg New 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 New Mexico 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 New stock prices may prove useful in developing a viable investing in Thornburg New
The fund pursues its primary goal by investing principally in a laddered maturity portfolio of municipal obligations issued by the State of New Mexico and its agencies, and by New Mexico local governments and their agencies. It is non-diversified.

Thornburg New Mutual Fund Technical Analysis

Thornburg New 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.
A focus of Thornburg New technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thornburg New trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Thornburg New Period Price Range

Thornburg New March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Thornburg New 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 New shares will generate the highest return on investment. By undertsting and applying Thornburg New mutual fund market strength indicators, traders can identify Thornburg New Mexico entry and exit signals to maximize returns

Thornburg New Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Thornburg New'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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thornburg New Mexico. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Thornburg New's price analysis, check to measure Thornburg New's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thornburg New is operating at the current time. Most of Thornburg New's value examination focuses on studying past and present price action to predict the probability of Thornburg New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thornburg New's price. Additionally, you may evaluate how the addition of Thornburg New to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Thornburg New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thornburg New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.