Our philosophy towards measuring volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Thornburg Developing World I USD Acc which you can use to evaluate future volatility of the fund. Please validate Thornburg Developing Coefficient Of Variation of
(395.65) and Risk Adjusted Performance of (0.46) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|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. 2 Months Beta |Analyze Thornburg Developing Demand TrendCheck current 30 days Thornburg Developing correlation with market (DOW)|
β = -0.0615
Thornburg Developing Central Daily Price Deviation
Thornburg Developing Technical Analysis
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Thornburg Developing Projected Return Density Against MarketAssuming 30 trading days horizon, Thornburg Developing World I USD Acc has beta of -0.0615 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, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Thornburg Developing is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.34|
|Beta against DOW||=||0.06|
Thornburg Developing Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.8162% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.82 and is 9.223372036854776E16 times more volatile than Thornburg Developing World I USD Acc. 0% of all equities and portfolios are less risky than Thornburg Developing. Compared to the overall equity markets, volatility of historical daily returns of Thornburg Developing World I USD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Thornburg Developing World I USD Acc to protect your portfolios against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Thornburg Developing to be traded at $9.23 in 30 days. . 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.
Thornburg Developing correlation with market