Relative Risk vs. Return Landscape
If you would invest 1,134
in Absolute Strategies I on April 20, 2013
and sell it today you would lose (3.00)
from holding Absolute Strategies I or give up 0.26%
of portfolio value over 30
days. Absolute Strategies I is currently producing negative expected returns and takes up 0.14% volatility of returns over 30 trading days. Put another way, 1% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, Absolute Strategies I is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 4.0 times less risky than the market. the firm trades about -0.14 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.59 of returns per unit of risk over similar time horizon.
Absolute Price to Book
Based on latest financial disclosure the price to book indicator of Absolute Strategies I is roughly 1.84 times. This is 3.95% higher than that of Absolute Strategies family, and 4.15% higher than that of Multialternative
category, The Price to Book for all funds is 76.92% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Absolute Year to Date Return
Absolute Strategies I has Year to Date Return of 0.45%. This is 15.09% lower than that of Absolute Strategies family, and 15.62% lower than that of Multialternative
category, The Year to Date Return for all funds is 85.15% higher than the company.
Year-To-Date typically refers to a period starting from the beginning of the current year, and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Absolute Price to Earning vs Price to Book
Absolute Strategies I is rated below average
in price to earning among similar funds. It is third
largest fund in price to book among similar funds fabricating about 0.14
of Price to Book per Price to Earning. The ratio of Price to Earning to Price to Book for Absolute Strategies I is roughly 7.13