Astor Star Fund Fundamentals

ASPGX Fund  USD 14.72  0.13  0.89%   
Astor Star Fund fundamentals help investors to digest information that contributes to Astor Star's financial success or failures. It also enables traders to predict the movement of Astor Mutual Fund. The fundamental analysis module provides a way to measure Astor Star'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 Astor Star 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.

Astor Price To Book Analysis

Astor Star's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

 = 

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current Astor Star Price To Book

    
  2.12 X  
Most of Astor Star's fundamental indicators, such as Price To Book, 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, Astor Star Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Competition

Astor Star Price To Book Component Assessment

Based on the latest financial disclosure, Astor Star Fund has a Price To Book of 2.12 times. This is much higher than that of the Astor family and significantly higher than that of the Tactical Allocation category. The price to book for all United States funds is notably lower than that of the firm.

Astor Star Fund Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Astor Star's current stock value. Our valuation model uses many indicators to compare Astor Star value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Astor Star competition to find correlations between indicators driving Astor Star's intrinsic value. More Info.
Astor Star Fund is the top fund in equity positions weight among similar funds. It is fifth largest fund in price to book among similar funds fabricating about  0.06  of Price To Book per Equity Positions Weight. The ratio of Equity Positions Weight to Price To Book for Astor Star Fund is roughly  16.00 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Astor Star by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Astor Star'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 Astor Star's earnings, one of the primary drivers of an investment's value.

Astor Last Dividend Paid Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Astor Star's direct or indirect competition against its Last Dividend Paid to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Astor Star could also be used in its relative valuation, which is a method of valuing Astor Star by comparing valuation metrics of similar companies.
Astor Star is currently under evaluation in last dividend paid among similar funds.

Fund Asset Allocation for Astor Star

The fund invests 33.92% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (10.33%) , cash (17.88%) and various exotic instruments.
Asset allocation divides Astor Star'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.

Astor Fundamentals

About Astor Star Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Astor Star Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astor Star using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astor Star Fund 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 invests predominantly in exchange-traded funds that each invest primarily in equity securities, fixed-income securities, or cash equivalents. It defines equity securities to include ETFs that invest primarily in equity securities, such as common and preferred stocks. The managers define fixed-income securities to include ETFs that invest primarily in fixed-income securities, such as bonds, notes and debentures. It invests at least 80 percent of its assets measured at the time of purchase in ETFs.
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 Astor Star 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, Astor Star's short interest history, or implied volatility extrapolated from Astor Star options trading.

Pair Trading with Astor Star

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 Astor Star 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 Astor Star will appreciate offsetting losses from the drop in the long position's value.

Moving together with Astor Mutual Fund

  0.98STFGX State Farm GrowthPairCorr
  0.98STARX Astor Star FundPairCorr
  0.99ASTIX Astor Longshort FundPairCorr

Moving against Astor Mutual Fund

  0.71ASTMX Astor Macro AlternativePairCorr
  0.7GBLMX Astor Macro AlternativePairCorr
The ability to find closely correlated positions to Astor Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astor Star 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 Astor Star - 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 Astor Star Fund to buy it.
The correlation of Astor Star 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 Astor Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astor Star Fund 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 Astor Star 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 Astor Star Piotroski F Score and Astor Star Altman Z Score analysis.
Note that the Astor Star Fund information on this page should be used as a complementary analysis to other Astor Star'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Astor Mutual Fund analysis

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