Absolute Capital Defender Fund Z Score
| ACMIX Fund | USD 10.11 0.01 0.1% |
Absolute |
Absolute Z Score Analysis
Absolute Capital's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
Absolute Capital Z Score Component Assessment
In accordance with the company's disclosures, Absolute Capital Defender has a Z Score of 0.0. This indicator is about the same for the Absolute Capital average (which is currently at 0.0) family and about the same as Tactical Allocation (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
Absolute Z Score 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 Z Score 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 rated below average in z score among similar funds.
Fund Asset Allocation for Absolute Capital
The fund consists of 71.9% investments in stocks, with the rest of investments allocated between bonds, cashand 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
| Price To Earning | 19.08 X | |||
| Price To Book | 3.09 X | |||
| Price To Sales | 1.52 X | |||
| Total Asset | 22.32 M | |||
| Annual Yield | 0.01 % | |||
| Year To Date Return | 6.30 % | |||
| One Year Return | 4.22 % | |||
| Three Year Return | 1.58 % | |||
| Five Year Return | 2.61 % | |||
| Net Asset | 15.28 M | |||
| Minimum Initial Investment | 100 K | |||
| Last Dividend Paid | 0.05 | |||
| Cash Position Weight | 5.55 % | |||
| Equity Positions Weight | 71.90 % | |||
| Bond Positions Weight | 21.91 % |
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 investment seeks long term capital appreciation. 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 .
Be your own money manager
Our tools can tell you how much better you can do entering a position in Absolute Capital 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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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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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
| + | 0.99 | STFGX | State Farm Growth | PairCorr | ||
| + | 0.94 | AAMIX | Absolute Capital Asset | PairCorr | ||
| + | 0.94 | AAMAX | Absolute Capital Asset | PairCorr | ||
| + | 0.95 | AAMCX | Absolute Capital Asset | PairCorr |
Moving against Absolute Mutual Fund
| - | 0.89 | RYVNX | Inverse Nasdaq-100 | PairCorr | ||
| - | 0.89 | RYVTX | Inverse Nasdaq-100 | PairCorr | ||
| - | 0.88 | RYCDX | Rydex Inverse Nasdaq-100 | PairCorr | ||
| - | 0.86 | USPSX | Profunds Ultrashort | 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 equities. 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 Absolute Capital Piotroski F Score and Portfolio Optimization analysis. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Absolute Mutual Fund analysis
When running Absolute Capital's price analysis, check to measure Absolute Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Absolute Capital is operating at the current time. Most of Absolute Capital's value examination focuses on studying past and present price action to predict the probability of Absolute Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolute Capital's price. Additionally, you may evaluate how the addition of Absolute Capital to your portfolios can decrease your overall portfolio volatility.
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