Absolute Capital Defender Fund Fundamentals
| ACMAX Fund | USD 10.59 0.02 0.19% |
Absolute Capital Defender fundamentals help investors to digest information that contributes to Absolute Capital's financial success or failures. It also enables traders to predict the movement of ABSOLUTE Mutual Fund. The fundamental analysis module provides a way to measure Absolute Capital'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 Absolute Capital mutual fund.
ABSOLUTE |
Absolute Capital Defender Mutual Fund Net Asset Analysis
Absolute Capital's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Absolute Capital Net Asset | 26.37 M |
Most of Absolute Capital's fundamental indicators, such as Net Asset, 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, Absolute Capital Defender is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Absolute Capital Defender has a Net Asset of 26.37 M. This is much higher than that of the Absolute Capital family and significantly higher than that of the Tactical Allocation category. The net asset for all United States funds is notably lower than that of the firm.
Absolute Capital Defender Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Absolute Capital's current stock value. Our valuation model uses many indicators to compare Absolute Capital value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Capital competition to find correlations between indicators driving Absolute Capital's intrinsic value. More Info.Absolute Capital Defender is the top fund in year to date return among similar funds. It is the top fund in one year return among similar funds reporting about 4.79 of One Year Return per Year To Date Return. Comparative valuation analysis is a catch-all model that can be used if you cannot value Absolute Capital by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Absolute Capital's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Absolute Capital's earnings, one of the primary drivers of an investment's value.ABSOLUTE Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Absolute Capital's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Absolute Capital could also be used in its relative valuation, which is a method of valuing Absolute Capital by comparing valuation metrics of similar companies.Absolute Capital is currently under evaluation in net asset among similar funds.
Fund Asset Allocation for Absolute Capital
The fund invests 31.6% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (3.05%) , cash (48.27%) and various exotic instruments.Asset allocation divides Absolute Capital'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.
ABSOLUTE Fundamentals
| Total Asset | 10.15 M | ||||
| Year To Date Return | 1.73 % | ||||
| One Year Return | 8.28 % | ||||
| Three Year Return | 0.49 % | ||||
| Five Year Return | 3.34 % | ||||
| Net Asset | 26.37 M | ||||
| Last Dividend Paid | 0.03 | ||||
| Cash Position Weight | 48.27 % | ||||
| Equity Positions Weight | 31.60 % | ||||
| Bond Positions Weight | 3.05 % |
About Absolute Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Absolute Capital Defender's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Absolute Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Absolute Capital Defender 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.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 .
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Absolute Capital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Absolute Capital's short interest history, or implied volatility extrapolated from Absolute Capital options trading.
Pair Trading with Absolute Capital
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 Absolute Capital 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 Absolute Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with ABSOLUTE Mutual Fund
| 1.0 | AAMIX | Absolute Capital Asset | PairCorr |
| 1.0 | AAMAX | Absolute Capital Asset | PairCorr |
| 1.0 | AAMCX | Absolute Capital Asset | PairCorr |
| 1.0 | ACMIX | Absolute Capital Defender | PairCorr |
| 1.0 | ACMDX | Absolute Capital Defender | PairCorr |
The ability to find closely correlated positions to Absolute Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Capital 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 Absolute Capital - 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 Absolute Capital Defender to buy it.
The correlation of Absolute Capital 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 Absolute Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Capital Defender 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 Absolute Capital 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 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 nation. Note that the Absolute Capital Defender information on this page should be used as a complementary analysis to other Absolute Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.