Absolute Software Performance
| ABSTDelisted Stock | USD 11.49 0.00 0.00% |
The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Absolute Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Absolute Software is expected to be smaller as well. Absolute Software right now shows a risk of 0.0%. Please confirm Absolute Software value at risk, as well as the relationship between the skewness and day typical price , to decide if Absolute Software will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Absolute Software has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Absolute Software is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 140.2 M | |
| Total Cashflows From Investing Activities | -343.8 M |
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Absolute Software Relative Risk vs. Return Landscape
If you would invest 1,149 in Absolute Software on January 26, 2024 and sell it today you would earn a total of 0.00 from holding Absolute Software or generate 0.0% return on investment over 90 days. Absolute Software is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Absolute, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Absolute Software Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Software's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Absolute Software, and traders can use it to determine the average amount a Absolute Software's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Absolute Software is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Absolute Software by adding Absolute Software to a well-diversified portfolio.
Absolute Software Fundamentals Growth
Absolute Stock prices reflect investors' perceptions of the future prospects and financial health of Absolute Software, and Absolute Software fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Absolute Stock performance.
| Return On Equity | -9.67 | |||
| Return On Asset | 0.0049 | |||
| Profit Margin | (0.12) % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 827.11 M | |||
| Shares Outstanding | 53.12 M | |||
| Price To Book | 163.97 X | |||
| Price To Sales | 2.54 X | |||
| Revenue | 197.31 M | |||
| EBITDA | 18.02 M | |||
| Cash And Equivalents | 64.03 M | |||
| Cash Per Share | 1.25 X | |||
| Total Debt | 277.14 M | |||
| Book Value Per Share | (0.22) X | |||
| Cash Flow From Operations | 39.79 M | |||
| Earnings Per Share | (0.50) X | |||
| Total Asset | 555.62 M | |||
| Retained Earnings | (208.61 M) | |||
About Absolute Software Performance
To evaluate Absolute Software Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Absolute Software generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Absolute Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Absolute Software market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Absolute's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. Absolute Software Corporation was incorporated in 1993 and is headquartered in Vancouver, Canada. Absolute Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange.Things to note about Absolute Software performance evaluation
Checking the ongoing alerts about Absolute Software for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Absolute Software help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Absolute Software is not yet fully synchronised with the market data | |
| Absolute Software has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 277.14 M in liabilities. Absolute Software has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Absolute Software until it has trouble settling it off, either with new capital or with free cash flow. So, Absolute Software's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Absolute Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Absolute to invest in growth at high rates of return. When we think about Absolute Software's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 197.31 M. Net Loss for the year was (24.48 M) with profit before overhead, payroll, taxes, and interest of 160.54 M. | |
| Over 82.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Absolute Software's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Absolute Software's stock is overvalued or undervalued compared to its peers.
- Examining Absolute Software's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Absolute Software's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Absolute Software's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Absolute Software's stock. These opinions can provide insight into Absolute Software's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Consideration for investing in Absolute Stock
If you are still planning to invest in Absolute Software check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Absolute Software's history and understand the potential risks before investing.
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