Thornburg E Growth Fund Quote
| THCGX Fund | USD 27.99 0.08 0.29% |
Performance7 of 100
| Odds Of DistressLess than 20
|
Thornburg is trading at 27.99 as of the 25th of April 2024; that is 0.29% increase since the beginning of the trading day. The fund's open price was 27.91. Thornburg has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Thornburg E Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of January 2024 and ending today, the 25th of April 2024. Click here to learn more.
The investment seeks long-term growth of capital by investing in equity securities selected for their growth potential. Thornburg Core is traded on NASDAQ Exchange in the United States. More on Thornburg E Growth
Moving together with Thornburg Mutual Fund
| 0.9 | TVRRX | Thornburg Value | PairCorr |
| 0.9 | TVRFX | Thornburg Value | PairCorr |
| 0.84 | TGIRX | Thornburg International | PairCorr |
| 0.87 | TGVAX | Thornburg International | PairCorr |
| 0.87 | TGVIX | Thornburg International | PairCorr |
| 0.87 | TGVRX | Thornburg International | PairCorr |
Thornburg Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Thornburg's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Thornburg or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Thornburg Funds, Large Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Thornburg (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of February 2023 |
| Fiscal Year End | September |
Thornburg E Growth [THCGX] is traded in USA and was established 25th of April 2024. Thornburg is listed under Thornburg category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Thornburg family. This fund at this time has accumulated 293.93 M in assets with no minimum investment requirementsThornburg E Growth is currently producing year-to-date (YTD) return of 7.43%, while the total return for the last 3 years was -7.54%.
Check Thornburg Probability Of Bankruptcy
Instrument Allocation
Top Thornburg E Growth Mutual Fund Constituents
| LVS | Las Vegas Sands | Stock | Consumer Discretionary |
| FOXF | Fox Factory Holding | Stock | Consumer Discretionary |
| FRPT | Freshpet | Stock | Consumer Staples |
| CWST | Casella Waste Systems | Stock | Industrials |
| BKI | Black Knight | Stock | Information Technology |
| ESTC | Elastic NV | Stock | Information Technology |
| HZNP | Horizon Pharma PLC | Stock | Health Care |
Thornburg Target Price Odds Analysis
Based on a normal probability distribution, the odds of Thornburg jumping above the current price in 90 days from now is about 57.33%. The Thornburg E Growth probability density function shows the probability of Thornburg mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.3338. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Thornburg will likely underperform. Additionally, thornburg E Growth has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Thornburg to move above the current price in 90 days from now is about 57.33 (This Thornburg E Growth probability density function shows the probability of Thornburg Mutual Fund to fall within a particular range of prices over 90 days) .
Thornburg E Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Thornburg market risk premium is the additional return an investor will receive from holding Thornburg long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Thornburg. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Thornburg's alpha and beta are two of the key measurements used to evaluate Thornburg's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8994 | |||
| Semi Deviation | 1.05 | |||
| Standard Deviation | 1.11 | |||
| Variance | 1.24 |
Thornburg Against Markets
Picking the right benchmark for Thornburg mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Thornburg mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Thornburg is critical whether you are bullish or bearish towards Thornburg E Growth at a given time. Please also check how Thornburg's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thornburg without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Thornburg Mutual Fund?
Before investing in Thornburg, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Thornburg. To buy Thornburg fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Thornburg. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Thornburg fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Thornburg E Growth fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Thornburg E Growth fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Thornburg E Growth, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Thornburg E Growth?
The danger of trading Thornburg E Growth is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Thornburg is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Thornburg. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Thornburg E Growth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thornburg E Growth. 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 E Growth information on this page should be used as a complementary analysis to other Thornburg'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.