# ABSOLUTE Mutual Fund Market Value

ACMIX Fund | USD 9.87 0.01 0.10% |

Symbol | ABSOLUTE |

## ABSOLUTE CAPITAL 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ABSOLUTE CAPITAL's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ABSOLUTE CAPITAL.

12/08/2022 |
| 06/06/2023 |

If you would invest

**0.00**in ABSOLUTE CAPITAL on**December 8, 2022**and sell it all today you would**earn a total of 0.00**from holding ABSOLUTE CAPITAL DEFENDER or generate**0.0%**return on investment in ABSOLUTE CAPITAL over**180**days. ABSOLUTE CAPITAL is related to or competes with IShares MSCI, and AmTrust Financial. The fund seeks to achieve its investment objective by investing directly or indirectly through other investment companie... More## ABSOLUTE CAPITAL Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ABSOLUTE CAPITAL's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ABSOLUTE CAPITAL DEFENDER upside and downside potential and time the market with a certain degree of confidence.

Downside Deviation | 0.4378 | |||

Information Ratio | 0.16 | |||

Maximum Drawdown | 1.65 | |||

Value At Risk | (0.72) | |||

Potential Upside | 0.7261 |

## ABSOLUTE CAPITAL Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ABSOLUTE CAPITAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABSOLUTE CAPITAL's standard deviation. In reality, there are many statistical measures that can use ABSOLUTE CAPITAL historical prices to predict the future ABSOLUTE CAPITAL's volatility.Risk Adjusted Performance | 0.0965 | |||

Jensen Alpha | 0.0415 | |||

Total Risk Alpha | 0.0551 | |||

Sortino Ratio | 0.1623 | |||

Treynor Ratio | 1.99 |

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ABSOLUTE CAPITAL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of ABSOLUTE CAPITAL in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as ABSOLUTE CAPITAL. Your research has to be compared to or analyzed against ABSOLUTE CAPITAL's peers to derive any actionable benefits. When done correctly, ABSOLUTE CAPITAL's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ABSOLUTE CAPITAL DEFENDER.

## ABSOLUTE CAPITAL DEFENDER Backtested Returns

We consider ABSOLUTE CAPITAL very steady. ABSOLUTE CAPITAL DEFENDER secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had 0.12% of return per unit of risk over the last 3 months. Our approach towards foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for ABSOLUTE CAPITAL DEFENDER, which you can use to evaluate the future volatility of the entity. Please confirm ABSOLUTE CAPITAL DEFENDER Semi Deviation of 0.3069, mean deviation of 0.3449, and Coefficient Of Variation of 872.98 to double-check if the risk estimate we provide is consistent with the expected return of 0.0507%.

The entity shows a Beta (market volatility) of 0.0205, which signifies not very significant fluctuations relative to the market. Let's try to break down what ABSOLUTE's beta means in this case. As returns on the market increase, ABSOLUTE CAPITAL returns are expected to increase less than the market. However, during the bear market, the loss on holding ABSOLUTE CAPITAL will be expected to be smaller as well. Although it is important to respect ABSOLUTE CAPITAL DEFENDER historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The approach towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining ABSOLUTE CAPITAL DEFENDER technical indicators, you can right now evaluate if the expected return of 0.0507% will be sustainable into the future.

## Auto-correlation | 0.29 |

### Poor predictability

ABSOLUTE CAPITAL DEFENDER has poor predictability. Overlapping area represents the amount of predictability between ABSOLUTE CAPITAL time series from 8th of December 2022 to 8th of March 2023 and 8th of March 2023 to 6th of June 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ABSOLUTE CAPITAL DEFENDER price movement. The serial correlation of

**0.29**indicates that nearly 29.0% of current ABSOLUTE CAPITAL price fluctuation can be explain by its past prices.Correlation Coefficient | 0.29 | |

Spearman Rank Test | 0.38 | |

Residual Average | 0.0 | |

Price Variance | 0.01 |

## ABSOLUTE CAPITAL DEFENDER lagged returns against current returns

Autocorrelation, which is ABSOLUTE CAPITAL mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ABSOLUTE CAPITAL's mutual fund expected returns. We can calculate the autocorrelation of ABSOLUTE CAPITAL returns to help us make a trade decision. For example, suppose you find that ABSOLUTE CAPITAL mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.

Current and Lagged Values |

Timeline |

## ABSOLUTE CAPITAL regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ABSOLUTE CAPITAL mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABSOLUTE CAPITAL mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABSOLUTE CAPITAL mutual fund over time.

Current vs Lagged Prices |

Timeline |

## ABSOLUTE CAPITAL Lagged Returns

When evaluating ABSOLUTE CAPITAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABSOLUTE CAPITAL mutual fund have on its future price. ABSOLUTE CAPITAL autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ABSOLUTE CAPITAL autocorrelation shows the relationship between ABSOLUTE CAPITAL mutual fund current value and its past values and can show if there is a momentum factor associated with investing in ABSOLUTE CAPITAL DEFENDER.

Regressed Prices |

Timeline |

## 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?

### Run Crypto Correlations Now

## Crypto CorrelationsUse cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |

All Next | Launch Module |

## 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

+ | 0.7 | PAAIX | ALL ASSET FUND | PairCorr | |||

+ | 0.67 | PATRX | PIMCO ALL ASSET | PairCorr | |||

+ | 0.69 | PAALX | ALL ASSET FUND | PairCorr | |||

+ | 0.69 | PALPX | PIMCO ALL ASSET | PairCorr | |||

+ | 0.69 | PAANX | PIMCO All Asset | 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 Correlation, ABSOLUTE CAPITAL Volatility and ABSOLUTE CAPITAL Alpha and Beta module to complement your research on ABSOLUTE CAPITAL. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

## 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.

Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |

Share Portfolio Track or share privately all of your investments from the convenience of any device | |

Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |

Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |

Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |

Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |

CEO Directory Screen CEOs from public companies around the world | |

Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |

Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |

Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |

Share Portfolio Track or share privately all of your investments from the convenience of any device | |

Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |

Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |

ABSOLUTE CAPITAL technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.