ABSOLUTE Mutual Fund Manager Performance Evaluation

Mutual Funds . USA . 
Fund . ABSOLUTE CAPITAL DEFENDER
ACMIX Fund  USD 9.53  0.03  0.32%   
The entity shows a Beta (market volatility) of -0.0534, 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, returns on owning ABSOLUTE CAPITAL are expected to decrease at a much lower rate. During the bear market, ABSOLUTE CAPITAL is likely to outperform the market. Even though it is essential to pay attention to ABSOLUTE CAPITAL DEFENDER historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach towards foreseeing any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ABSOLUTE CAPITAL DEFENDER exposes twenty-six different technical indicators, which can help you to evaluate its performance.
  

ABSOLUTE Performance

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Over the last 90 days ABSOLUTE CAPITAL DEFENDER has generated negative risk-adjusted returns adding no value to fund investors. 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  953.00  in ABSOLUTE CAPITAL DEFENDER on December 24, 2022 and sell it today you would lose (3.00)  from holding ABSOLUTE CAPITAL DEFENDER or give up 0.31% of portfolio value over 90 days. ABSOLUTE CAPITAL DEFENDER is currently producing negative expected returns and takes up 0.4934% volatility of returns over 90 trading days. Put another way, 4% 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 0.52 times more return on investment than the market. However, the company is 1.94 times less risky than the market. It trades about -0.01 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.05 per unit of risk.

ABSOLUTE CAPITAL Current Valuation

Fairly Valued
Today 9.53
Please note that ABSOLUTE CAPITAL's price fluctuation is very steady at this time.
ABSOLUTE CAPITAL DEFENDER shows a prevailing Real Value of $9.53 per share. The current price of the fund is $9.53. At this time, the entity appears to be fairly valued. 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.
9.53
Real Value
10.02
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:
Hype
Prediction
LowEstimated ValueHigh
9.019.509.99
Details

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 = -0.0082

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Negative ReturnsACMIX

Estimated Market Risk

 0.49
  actual daily
 4 
96% of assets are more volatile
44

Expected Return

 0.0
  actual daily
 0 
Most of other assets have higher returns
00

Risk-Adjusted Return

 -0.01
  actual daily
 0 
Most of other assets perform better
00
Based on monthly moving average ABSOLUTE CAPITAL is performing at about 0% 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
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