Athena Value Fund Quote
| ATVIX Fund | USD 9.72 0.01 0.10% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Athena Value is trading at 9.72 as of the 19th of April 2024; that is -0.1 percent down since the beginning of the trading day. The fund's open price was 9.73. Athena Value has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Athena Value Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of April 2022 and ending today, the 19th of April 2024. Click here to learn more.
To achieve its investment objective, the fund seeks investment exposure to domestic, foreign and emerging market equity markets. It is designed to invest in global markets which the portfolio managers believe have the most attractive expected returns on an unconstrained basis. More on Athena Value Fund
Moving together with Athena Mutual Fund
| 1.0 | ATVAX | Athena Value | PairCorr |
| 0.88 | PAALX | All Asset Fund | PairCorr |
| 0.76 | PATRX | Pimco All Asset | PairCorr |
| 0.76 | PAAIX | All Asset Fund | PairCorr |
| 0.87 | PALPX | Pimco All Asset | PairCorr |
| 0.76 | PASAX | All Asset Fund | PairCorr |
Athena 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. Athena Value's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Athena Value or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Athena Fund Funds, Large Funds, Tactical Allocation Funds, Tactical Allocation, Athena Fund (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 29th of August 2022 |
| Fiscal Year End | April |
Athena Value Fund [ATVIX] is traded in USA and was established 19th of April 2024. Athena Value is listed under Athena Fund category by Fama And French industry classification. The fund is listed under Tactical Allocation category and is part of Athena Fund family. This fund presently has accumulated 32.5 M in assets under management (AUM) with no minimum investment requirementsAthena Value is currently producing year-to-date (YTD) return of 1.78% with the current yeild of 0.03%, while the total return for the last 3 years was -4.23%.
Check Athena Value Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Athena Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Athena Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Athena Value Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Athena Value Fund Mutual Fund Constituents
| TGNA | Tegna Inc | Stock | Communication Services |
| UPS | United Parcel Service | Stock | Industrials |
| F | Ford Motor | Stock | Consumer Discretionary |
| ORI | Old Republic International | Stock | Financials |
| CVI | CVR Energy | Stock | Energy |
| ETR | Entergy | Stock | Utilities |
| KR | Kroger Company | Stock | Consumer Staples |
Athena Value Target Price Odds Analysis
Based on a normal probability distribution, the odds of Athena Value jumping above the current price in 90 days from now is about 92.03%. The Athena Value Fund probability density function shows the probability of Athena Value 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 1.7365. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Athena Value will likely underperform. Additionally, athena Value Fund 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 Athena Value to move above the current price in 90 days from now is about 92.03 (This Athena Value Fund probability density function shows the probability of Athena Mutual Fund to fall within a particular range of prices over 90 days) .
Athena Value Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Athena Value market risk premium is the additional return an investor will receive from holding Athena Value 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 Athena Value. 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 Athena Value's alpha and beta are two of the key measurements used to evaluate Athena Value's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.01 | |||
| Semi Deviation | 1.34 | |||
| Standard Deviation | 1.29 | |||
| Variance | 1.66 |
Athena Value Against Markets
Picking the right benchmark for Athena Value 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 Athena Value 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 Athena Value is critical whether you are bullish or bearish towards Athena Value Fund at a given time. Please also check how Athena Value'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 Athena Value 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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| All Next | Launch Module |
How to buy Athena Mutual Fund?
Before investing in Athena Value, 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 Athena Value. To buy Athena Value fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Athena Value. 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 Athena Value fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Athena Value Fund 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 Athena Value Fund 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 Athena Value Fund, 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 Athena Value Fund?
The danger of trading Athena Value Fund 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 Athena Value 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 Athena Value. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Athena Value 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Athena Value Fund. 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 gross domestic product. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..