Ancorathelen Small Mid Cap Fund Three Year Return
| AATIX Fund | USD 18.40 0.14 0.77% |
Ancorathelen Small Mid Cap fundamentals help investors to digest information that contributes to Ancora/thelen Small-mid's financial success or failures. It also enables traders to predict the movement of Ancora/thelen Mutual Fund. The fundamental analysis module provides a way to measure Ancora/thelen Small-mid's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ancora/thelen Small-mid mutual fund.
Ancora/thelen |
Ancorathelen Small Mid Cap Mutual Fund Three Year Return Analysis
Ancora/thelen Small-mid's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Ancora/thelen Small-mid Three Year Return | 3.24 % |
Most of Ancora/thelen Small-mid's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ancorathelen Small Mid Cap is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, Ancorathelen Small Mid Cap has a Three Year Return of 3.2424%. This is much higher than that of the Ancora family and significantly higher than that of the Small Blend category. The three year return for all United States funds is notably lower than that of the firm.
Ancora/thelen Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ancora/thelen Small-mid's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Ancora/thelen Small-mid could also be used in its relative valuation, which is a method of valuing Ancora/thelen Small-mid by comparing valuation metrics of similar companies.Ancorathelen Small is currently under evaluation in three year return among similar funds.
Fund Asset Allocation for Ancora/thelen Small-mid
The fund consists of 94.34% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Ancora/thelen Small-mid's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Ancora/thelen Fundamentals
| Price To Earning | 21.25 X | ||||
| Price To Book | 1.92 X | ||||
| Price To Sales | 0.96 X | ||||
| Total Asset | 97.99 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 7.60 % | ||||
| One Year Return | 29.44 % | ||||
| Three Year Return | 3.24 % | ||||
| Five Year Return | 9.04 % | ||||
| Net Asset | 145.94 M | ||||
| Last Dividend Paid | 0.05 | ||||
| Cash Position Weight | 5.66 % | ||||
| Equity Positions Weight | 94.34 % |
About Ancora/thelen Small-mid Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ancorathelen Small Mid Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ancora/thelen Small-mid using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ancorathelen Small Mid Cap based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ancora/thelen Small-mid
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ancora/thelen Small-mid position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ancora/thelen Small-mid will appreciate offsetting losses from the drop in the long position's value.Moving together with Ancora/thelen Mutual Fund
| 0.77 | AAIIX | Ancora Income | PairCorr |
| 1.0 | AATSX | Ancora/thelen Small-mid | PairCorr |
| 0.66 | ADEIX | Proxy Voting Where | PairCorr |
| 0.85 | VSMAX | Vanguard Small Cap | PairCorr |
The ability to find closely correlated positions to Ancora/thelen Small-mid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ancora/thelen Small-mid when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ancora/thelen Small-mid - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ancorathelen Small Mid Cap to buy it.
The correlation of Ancora/thelen Small-mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ancora/thelen Small-mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ancora/thelen Small-mid moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ancora/thelen Small-mid can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ancorathelen Small Mid Cap. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.