Thornburg Mutual Fund Technical Analysis

LTCAX
 Fund
  

USD 12.61  0.01  0.08%   

As of the 2nd of October, Thornburg California has the coefficient of variation of (386.48), and Risk Adjusted Performance of (0.38). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Thornburg California, as well as the relationship between them. In other words, you can use this information to find out if the fund will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Thornburg California Limited, which can be compared to its competition. Please validate Thornburg California standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Thornburg California is priced more or less accurately, providing market reflects its prevalent price of 12.61 per share.
  

Thornburg California Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Thornburg, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Thornburg
Thornburg California's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Thornburg California 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 California technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thornburg California 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...

Thornburg California Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Thornburg California volatility developed by Welles Wilder.
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Thornburg California Trend Analysis

Use this graph to draw trend lines for Thornburg California Limited. You can use it to identify possible trend reversals for Thornburg California as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Thornburg California price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Thornburg California Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Thornburg California Limited applied against its price change over selected period. The best fit line has a slop of   -0.006  , which may suggest that Thornburg California Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.38, which is the sum of squared deviations for the predicted Thornburg California price change compared to its average price change.

About Thornburg California Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Thornburg California Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Thornburg California Limited based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Thornburg California price pattern first instead of the macroeconomic environment surrounding Thornburg California. By analyzing Thornburg California's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Thornburg California's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Thornburg California specific price patterns or momentum indicators. Please read more on our technical analysis page.

Thornburg California October 2, 2022 Technical Indicators

Most technical analysis of Thornburg help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Thornburg from various momentum indicators to cycle indicators. When you analyze Thornburg charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Additionally, see Correlation Analysis. Note that the Thornburg California information on this page should be used as a complementary analysis to other Thornburg California'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Thornburg Mutual Fund analysis

When running Thornburg California price analysis, check to measure Thornburg California'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 California is operating at the current time. Most of Thornburg California's value examination focuses on studying past and present price action to predict the probability of Thornburg California's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Thornburg California's price. Additionally, you may evaluate how the addition of Thornburg California to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Thornburg California's value and its price as these two are different measures arrived at by different means. Investors typically determine Thornburg California value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thornburg California'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.