The fund shows Beta (market volatility) of -0.13 which signifies that as returns on market increase, returns on owning Absolute are expected to decrease at a much smaller rate. During bear market, Absolute is likely to outperform the market.. Even though it is essential to pay attention to Absolute Strategies I
historical returns, it is always good to be careful when utilizing equity current trading patterns. Macroaxis philosophy towards foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Absolute Strategies I exposes twenty-one different technical indicators which can help you to evaluate its performance.
Relative Risk vs. Return Landscape
If you would invest 1,113
in Absolute Strategies I on November 9, 2013
and sell it today you would lose (10.00)
from holding Absolute Strategies I or give up 0.9%
of portfolio value over 30
days. Absolute Strategies I is currently producing negative expected returns and takes up 0.15% 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 3.07 times less risky than the market. the firm trades about -0.33 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.22 of returns per unit of risk over similar time horizon.
Manager Realized Returns
Prior to that he was a portfolio manager and partner at Abington Capital LP. Before that he was at Tucker Anthony Sutro Inc. Previously Compson was at Lehman Brothers in New York where he analyzed business unit RAROC for the firm executive committee to understand volatility in overall firm ROE and to diversify systemic risk exposures. He began his career as a megayacht and catastrophe underwriter for the Chubb Group.. . The fund's investment adviser, believes that there are important benefits that come from investing alongside skilled money managers whose strategies, when combined, seek to provide riskadjusted returns, lower volatility and lower sensitivity to traditional market indices
Absolute Price to Book
Based on latest financial disclosure the price to book indicator of Absolute Strategies I is roughly 1.98 times. This is 8.79% higher than that of Absolute Strategies family, and 8.59% higher than that of Multialternative
category, The Price to Book for all funds is 110.64% 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 0.18%. This is 136.0% lower than that of Absolute Strategies family, and 136.24% lower than that of Multialternative
category, The Year to Date Return for all funds is 96.53% 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.