ABSOLUTE Mutual Fund Manager Performance Evaluation

Mutual Funds . USA . 
Fund . ABSOLUTE CAPITAL DEFENDER
ACMIX Fund  USD 9.90  0.01  0.10%   
The entity shows a Beta (market volatility) of 0.0095, 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 0.0764% will be sustainable into the future.
  

ABSOLUTE Performance

13 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in ABSOLUTE CAPITAL DEFENDER are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, ABSOLUTE CAPITAL is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fifty Two Week Low9.28
Fifty Two Week High12.17
Annual Report Expense Ratio1.82%

ABSOLUTE CAPITAL Relative Risk vs. Return Landscape

If you would invest  944.00  in ABSOLUTE CAPITAL DEFENDER on March 12, 2023 and sell it today you would earn a total of  46.00  from holding ABSOLUTE CAPITAL DEFENDER or generate 4.87% return on investment over 90 days. ABSOLUTE CAPITAL DEFENDER is currently producing 0.0764% returns and takes up 0.4229% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than ABSOLUTE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon ABSOLUTE CAPITAL is expected to generate 1.06 times less return on investment than the market. But when comparing it to its historical volatility, the company is 2.05 times less risky than the market. It trades about 0.18 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.09 of returns per unit of risk over similar time horizon.

ABSOLUTE CAPITAL Current Valuation

Undervalued
Today 9.90
Please note that ABSOLUTE CAPITAL's price fluctuation is very steady at this time.
ABSOLUTE CAPITAL DEFENDER shows a prevailing Real Value of $10.73 per share. The current price of the fund is $9.9. At this time, the entity appears to be undervalued. We determine the value of ABSOLUTE CAPITAL DEFENDER from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, in the future, mutual fund prices and their ongoing real values will blend.
Our valuation method for ABSOLUTE CAPITAL DEFENDER is useful when determining the fair value of the ABSOLUTE mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of ABSOLUTE CAPITAL. Since ABSOLUTE CAPITAL is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ABSOLUTE Mutual Fund. However, ABSOLUTE CAPITAL's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
The real value of a stock, also known as the intrinsic value, is the underlying worth of a company that is reflected in its stock price. It is based on the company's financial performance, assets, liabilities, growth prospects, management team, industry conditions, and other relevant factors. The real value of a stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, price-to-book ratio, and other valuation metrics. The real value of a stock may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence the stock's price. It is important to note that the real value of a stock is not a fixed number and may change over time based on changes in the company's performance and other relevant factors.
10.73
Real Value
11.15
Upside
Estimating the potential upside or downside of ABSOLUTE CAPITAL DEFENDER helps investors to forecast how ABSOLUTE mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ABSOLUTE CAPITAL more accurately as focusing exclusively on ABSOLUTE CAPITAL's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.659.809.94
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Hype
Prediction
LowEstimatedHigh
9.489.9010.32
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Potential
Annual Dividend
LowForecastedHigh
0.330.340.34
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ABSOLUTE CAPITAL Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for ABSOLUTE CAPITAL's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as ABSOLUTE CAPITAL DEFENDER, and traders can use it to determine the average amount a ABSOLUTE CAPITAL'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 = 0.1807

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Estimated Market Risk

 0.42
  actual daily
 3 
97% of assets are more volatile
33

Expected Return

 0.08
  actual daily
 1 
99% of assets have higher returns
11

Risk-Adjusted Return

 0.18
  actual daily
 13 
87% of assets perform better
1313
Based on monthly moving average ABSOLUTE CAPITAL is performing at about 13% of its full potential. 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 CAPITAL by adding it to a well-diversified portfolio.

ABSOLUTE CAPITAL Fundamentals Growth

ABSOLUTE Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of ABSOLUTE CAPITAL, and ABSOLUTE CAPITAL 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 Mutual Fund performance.
Price to Earning19.08 X
Price to Book3.09 X
Price to Sales1.52 X
Total Asset22.32 M

About ABSOLUTE CAPITAL Performance

To evaluate ABSOLUTE CAPITAL DEFENDER Mutual Fund 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 CAPITAL 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 Mutual Fund'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 CAPITAL DEFENDER 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.
The fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds and closed-end funds in domestic and foreign fixed income securities of any maturity or credit quality equity securities of any market capitalization cash and cash equivalents and exchange traded notes . Absolute Capital is traded on NASDAQ Exchange in the United States.

Things to note about ABSOLUTE CAPITAL DEFENDER performance evaluation

Checking the ongoing alerts about ABSOLUTE CAPITAL for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for ABSOLUTE CAPITAL DEFENDER help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
ABSOLUTE CAPITAL is unlikely to experience financial distress in the next 2 years
The fund holds about 5.55% of its assets under management (AUM) in cash
Evaluating ABSOLUTE CAPITAL's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate ABSOLUTE CAPITAL's mutual fund performance include:
  • Analyzing ABSOLUTE CAPITAL'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 CAPITAL's stock is overvalued or undervalued compared to its peers.
  • Examining ABSOLUTE CAPITAL'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 CAPITAL's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ABSOLUTE CAPITAL's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of ABSOLUTE CAPITAL's mutual fund. These opinions can provide insight into ABSOLUTE CAPITAL's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating ABSOLUTE CAPITAL's mutual fund performance is not an exact science, and many factors can impact ABSOLUTE CAPITAL's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABSOLUTE CAPITAL DEFENDER. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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.
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Please note, there is a significant difference between ABSOLUTE CAPITAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if ABSOLUTE CAPITAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABSOLUTE CAPITAL'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.
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