AlphaNorth Growth Manager Performance Evaluation

0P0000TWFM -- Canada Fund  

CAD 1.36  0.002  0.15%

The organization shows Beta (market volatility) of 0.5419 which signifies that as returns on market increase, AlphaNorth Growth returns are expected to increase less than the market. However during bear market, the loss on holding AlphaNorth Growth will be expected to be smaller as well. Even though it is essential to pay attention to AlphaNorth Growth Fund historical returns, it is always good to be careful when utilizing equity current trending 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. AlphaNorth Growth Fund Series exposes twenty-one different technical indicators which can help you to evaluate its performance.
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Risk-Adjusted Fund Performance

Over the last 30 days AlphaNorth Growth Fund Series has generated negative risk-adjusted returns adding no value to fund investors. In spite of weak performance in the last few months, the Fund's essential indicators remain comparatively unchanging which may send shares a bit higher in December 2019. The late uproar may also be a sign of mid-term up-swing for the fund leadership.
Fifty Two Week Low1.3820
Fifty Two Week High2.2730
Annual Report Expense Ratio7.54%
Horizon     30 Days    Login   to change

AlphaNorth Growth Fund Relative Risk vs. Return Landscape

If you would invest  178.70  in AlphaNorth Growth Fund Series on October 13, 2019 and sell it today you would lose (42.50)  from holding AlphaNorth Growth Fund Series or give up 23.78% of portfolio value over 30 days. AlphaNorth Growth Fund Series is generating negative expected returns and assumes 4.8511% volatility on return distribution over the 30 days horizon. Simply put, 43% of equities are less volatile than AlphaNorth Growth and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, AlphaNorth Growth is expected to under-perform the market. In addition to that, the company is 6.54 times more volatile than its market benchmark. It trades about -0.06 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.18 per unit of volatility.

AlphaNorth Growth Current Valuation

Undervalued
November 12, 2019
1.36
Market Value
1.42
Real Value
15.97
Upside
AlphaNorth Growth is out of control asset. AlphaNorth Growth Fund shows prevailing Real Value of C$1.42 per share. The current price of the fund is C$1.36. the entity appears to be undervalued. We determine the value of AlphaNorth Growth Fund from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.

AlphaNorth Growth Market Risk Analysis

Sharpe Ratio = -0.0596
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AlphaNorth Growth Relative Performance Indicators

Estimated Market Risk
 4.85
  actual daily
 
 43 %
of total potential
 
4343
Expected Return
 -0.29
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.06
  actual daily
 
 0 %
of total potential
 
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Based on monthly moving average AlphaNorth Growth is performing at about 0% 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 AlphaNorth Growth by adding it to a well-diversified portfolio.

AlphaNorth Growth Alerts

Equity Alerts and Improvement Suggestions

AlphaNorth Growth generates negative expected return over the last 30 days
AlphaNorth Growth may become a speculative penny stock
AlphaNorth Growth has high historical volatility and very poor performance
The fund holds 87.63% of its total net assets in equities
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