Absolute Capital Defender Fund Price on April 25, 2023
| ACMIX Fund | USD 10.63 0.06 0.56% |
Below is the normalized historical share price chart for Absolute Capital Defender extending back to December 18, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Absolute Capital stands at 10.63, as last reported on the 17th of April 2024, with the highest price reaching 10.63 and the lowest price hitting 10.63 during the day.
If you're considering investing in Absolute Mutual Fund, it is important to understand the factors that can impact its price. We consider Absolute Capital very steady. Absolute Capital Defender secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Absolute Capital Defender, which you can use to evaluate the volatility of the entity. Please confirm Absolute Capital's Mean Deviation of 0.2992, downside deviation of 0.4292, and Risk Adjusted Performance of 0.0502 to double-check if the risk estimate we provide is consistent with the expected return of 0.0406%.
Absolute Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Absolute |
Sharpe Ratio = 0.1077
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| Negative Returns | ACMIX |
Estimated Market Risk
| 0.38 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Absolute Capital is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Absolute Capital by adding it to a well-diversified portfolio.
Absolute Capital Valuation on April 25, 2023
It is possible to determine the worth of Absolute Capital on a given historical date. On April 25, 2023 Absolute was worth 9.68 at the beginning of the trading date compared to the closed value of 9.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absolute Capital mutual fund. Still, in general, we apply an absolute valuation method to find Absolute Capital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Absolute Capital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absolute Capital's related companies.
| Open | High | Low | Close | Volume | |
| 9.77 | 9.77 | 9.77 | 9.77 | 1.00 | |
04/25/2023 | 9.68 | 9.68 | 9.68 | 9.68 | 1.00 |
| 9.66 | 9.66 | 9.66 | 9.66 | 1.00 |
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Absolute Capital Trading Date Momentum on April 25, 2023
| On April 26 2023 Absolute Capital Defender was traded for 9.66 at the closing time. The highest daily price throughout the period was 9.66 and the lowest price was 9.66 . There was no trading activity during the period 1.0. Lack of trading volume on 04/26/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.21% . The overall trading delta to current closing price is 0.83% . |
Absolute Capital Defender Fundamentals Correlations and Trends
By evaluating Absolute Capital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Absolute Capital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Absolute financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Absolute Capital Mutual Fund history
Absolute Capital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Absolute is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Absolute Capital Defender will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Absolute Capital stock prices may prove useful in developing a viable investing in Absolute Capital
The fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds and closed-end funds in domestic and foreign fixed income securities of any maturity or credit quality equity securities of any market capitalization cash and cash equivalents and exchange traded notes .
Absolute Capital Mutual Fund Technical Analysis
Absolute Capital 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.
Price Boundaries
Absolute Capital Period Price Range
Low | April 25, 2023
| High |
9.68 | 9.68 |
Absolute Capital April 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Absolute Capital mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Absolute Capital shares will generate the highest return on investment. By undertsting and applying Absolute Capital mutual fund market strength indicators, traders can identify Absolute Capital Defender entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.68 | |||
| Day Typical Price | 9.68 | |||
| Period Momentum Indicator | 0.95 | |||
| Relative Strength Index | 58.93 |
Absolute Capital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absolute Capital's price direction in advance. Along with the technical and fundamental analysis of Absolute Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absolute to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 4.58 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Absolute Capital Defender. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.