Ab Select Us Fund One Year Return

ASLAX Fund  USD 14.09  0.02  0.14%   
Ab Select Us fundamentals help investors to digest information that contributes to Ab Select's financial success or failures. It also enables traders to predict the movement of ASLAX Mutual Fund. The fundamental analysis module provides a way to measure Ab Select'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 Ab Select mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

ASLAX One Year Return Analysis

Ab Select's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

More About One Year Return | All Equity Analysis

Current Ab Select One Year Return

    
  20.82 %  
Most of Ab Select's fundamental indicators, such as One 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, Ab Select Us is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Competition

Ab Select One Year Return Component Assessment

Based on the recorded statements, Ab Select Us has an One Year Return of 20.8207%. This is 787.15% lower than that of the AllianceBernstein family and significantly higher than that of the Long-Short Equity category. The one year return for all United States funds is notably lower than that of the firm.

ASLAX One Year Return Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ab Select's direct or indirect competition against its One 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 Ab Select could also be used in its relative valuation, which is a method of valuing Ab Select by comparing valuation metrics of similar companies.
Ab Select is currently under evaluation in one year return among similar funds.

Fund Asset Allocation for Ab Select

The fund invests 47.98% of asset under management in tradable equity instruments, with the rest of investments concentrated in cash (51.67%) and various exotic instruments (0.35%).
Asset allocation divides Ab Select'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.

ASLAX Fundamentals

About Ab Select Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ab Select Us's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ab Select using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ab Select Us 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.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of U.S. companies, short positions in such securities, and cash and U.S. cash equivalents. Its investments will be focused on securities of companies with large and medium market capitalizations, but it may also take long and short positions in securities of small-capitalization companies. The fund may invest in non-U.S. companies, but currently intends to limit its investments in such companies to no more than 10 percent of its net assets.

Pair Trading with Ab Select

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 Ab Select 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 Ab Select will appreciate offsetting losses from the drop in the long position's value.

Moving together with ASLAX Mutual Fund

  0.98STFGX State Farm GrowthPairCorr
  0.95GCEAX Ab Global EPairCorr
  0.95GCECX Ab Global EPairCorr
  0.95GCEYX Ab Global EPairCorr
The ability to find closely correlated positions to Ab Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ab Select 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 Ab Select - 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 Ab Select Us to buy it.
The correlation of Ab Select 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 Ab Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Select Us 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 Ab Select 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.
Pair CorrelationCorrelation Matching
Check out Ab Select Piotroski F Score and Ab Select Altman Z Score analysis.
Note that the Ab Select Us information on this page should be used as a complementary analysis to other Ab Select'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for ASLAX Mutual Fund analysis

When running Ab Select's price analysis, check to measure Ab Select'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 Ab Select is operating at the current time. Most of Ab Select's value examination focuses on studying past and present price action to predict the probability of Ab Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ab Select's price. Additionally, you may evaluate how the addition of Ab Select to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ab Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ab Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ab Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.