|Horizon||30 Days Login to change|
Thornburg Developing Market Sensitivity
|As returns on market increase, returns on owning Thornburg Developing are expected to decrease at a much smaller rate. During bear market, Thornburg Developing is likely to outperform the market.One Month Beta |Analyze Thornburg Developing Demand TrendCheck current 30 days Thornburg Developing correlation with market (DOW)|
β = -0.3106
Thornburg Developing Technical Analysis
Thornburg Developing Projected Return Density Against MarketAssuming 30 trading days horizon, Thornburg Developing World I USD Acc has beta of -0.3106 suggesting as returns on benchmark increase, returns on holding Thornburg Developing are expected to decrease at a much smaller rate. During bear market, however, Thornburg Developing World I USD Acc is likely to outperform the market. Additionally, Thornburg Developing World I USD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Thornburg Developing Return VolatilityThornburg Developing World I USD Acc accepts 2.271% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.