361 Global Longshort Fund Year To Date Return
| AGAWX Fund | USD 12.29 0.11 0.89% |
361 Global Longshort fundamentals help investors to digest information that contributes to 361 Global's financial success or failures. It also enables traders to predict the movement of 361 Mutual Fund. The fundamental analysis module provides a way to measure 361 Global'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 361 Global mutual fund.
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361 Global Longshort Mutual Fund Year To Date Return Analysis
361 Global's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current 361 Global Year To Date Return | 6.63 % |
Most of 361 Global's fundamental indicators, such as Year To Date 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, 361 Global Longshort is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
| Competition |
In accordance with the company's disclosures, 361 Global Longshort has a Year To Date Return of 6.6322%. This is much higher than that of the 361 Funds family and significantly higher than that of the Long-Short Equity category. The year to date return for all United States funds is notably lower than that of the firm.
361 Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 361 Global's direct or indirect competition against its Year To Date 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 361 Global could also be used in its relative valuation, which is a method of valuing 361 Global by comparing valuation metrics of similar companies.361 Global is currently under evaluation in year to date return among similar funds.
Fund Asset Allocation for 361 Global
The fund consists of 76.97% investments in stocks, with the rest of investments allocated between different money market instruments and various exotic instruments.Asset allocation divides 361 Global'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.
361 Fundamentals
| Price To Earning | 15.71 X | |||
| Price To Book | 1.88 X | |||
| Price To Sales | 1.20 X | |||
| Total Asset | 688.55 M | |||
| Annual Yield | 0.03 % | |||
| Year To Date Return | 6.63 % | |||
| One Year Return | 12.47 % | |||
| Three Year Return | 3.12 % | |||
| Five Year Return | 3.59 % | |||
| Net Asset | 766.81 M | |||
| Minimum Initial Investment | 1000 K | |||
| Last Dividend Paid | 0.04 | |||
| Cash Position Weight | 13.36 % | |||
| Equity Positions Weight | 76.97 % |
About 361 Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 361 Global Longshort's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 361 Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 361 Global Longshort 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 361 Global
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 361 Global 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 361 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with 361 Mutual Fund
| 0.85 | QLERX | Aqr Long Short | PairCorr |
| 0.94 | DHLSX | Diamond Hill Long | PairCorr |
The ability to find closely correlated positions to 361 Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 361 Global 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 361 Global - 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 361 Global Longshort to buy it.
The correlation of 361 Global 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 361 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 361 Global Longshort 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 361 Global 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 361 Global Longshort. 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 housing. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.