THDAX Thornburg Developing World A Forecast, Technical & Fundamental Analysis

The investment seeks long-term capital appreciation... Show more

Category: #Diversified Emerging Mkts

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A.I.Advisor

published Highlights

Industry description

The investment seeks long-term capital appreciation. Under normal market conditions, the fund pursues its objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of issuers which Thornburg views as having substantial economic ties to one or more developing countries.

Volume

The average weekly volume growth across all stocks in the Thornburg Developing World A MF was -15%. For the same stocks of the MF, the average monthly volume growth was 43% and the average quarterly volume growth was 68%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45

P/E Growth Rating: 31

Price Growth Rating: 47

SMR Rating: 48

Profit Risk Rating: 33

Seasonality Score: -30 (-100 ... +100)

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A.I. Advisor

published General Information

General Information

Category DiversifiedEmergingMkts

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Details

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THDAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, THDAX has been closely correlated with RNWBX. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if THDAX jumps, then RNWBX could also see price increases.

Ticker / NAME	Correlation To THDAX	1D Price Change %
THDAX	100%	-2.37%
RNWBX - THDAX	82% Closely correlated	-0.80%
RNWHX - THDAX	80% Closely correlated	-0.80%
FNWFX - THDAX	75% Closely correlated	-0.80%
RNWFX - THDAX	74% Closely correlated	-0.80%
RNWEX - THDAX	74% Closely correlated	-0.80%
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