Absolute Strategies Correlations
| ASFIXDelisted Fund | USD 5.97 0.00 0.00% |
The current 90-days correlation between Absolute Strategies and Federated High Yield is -0.02 (i.e., Good diversification). The correlation of Absolute Strategies 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Absolute Strategies Correlation With Market
Good diversification
The correlation between Absolute Strategies Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Strategies Fund and DJI in the same portfolio, assuming nothing else is changed.
Absolute |
Moving together with Absolute Mutual Fund
| 0.62 | INTC | Intel | PairCorr |
| 0.93 | JNJ | Johnson Johnson | PairCorr |
| 0.75 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.62 | VZ | Verizon Communications | PairCorr |
Moving against Absolute Mutual Fund
| 0.81 | BXMDX | Blackstone Alternative | PairCorr |
| 0.8 | BXMYX | Blackstone Alternative | PairCorr |
| 0.8 | BXMIX | Blackstone Alternative | PairCorr |
| 0.7 | QSPRX | Aqr Style Premia | PairCorr |
| 0.69 | CSCO | Cisco Systems | PairCorr |
| 0.67 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | AXP | American Express | PairCorr |
| 0.5 | JPM | JPMorgan Chase | PairCorr |
| 0.44 | IBM | International Business Tech Boost | PairCorr |
| 0.4 | BAC | Bank of America | PairCorr |
| 0.37 | MMM | 3M Company | PairCorr |
| 0.31 | GARTX | Goldman Sachs Absolute | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Absolute Mutual Fund performing well and Absolute Strategies Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Absolute Strategies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FHTIX | 0.16 | 0.02 | (0.23) | 0.46 | 0.00 | 0.47 | 1.10 | |||
| VRHYX | 0.15 | 0.02 | (0.21) | 2.36 | 0.00 | 0.52 | 1.30 | |||
| ARTFX | 0.11 | 0.02 | (0.31) | (11.49) | 0.00 | 0.44 | 1.10 | |||
| TIHHX | 0.15 | 0.02 | (0.26) | 0.57 | 0.00 | 0.46 | 1.03 |
Absolute Strategies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Absolute Strategies mutual fund to make a market-neutral strategy. Peer analysis of Absolute Strategies could also be used in its relative valuation, which is a method of valuing Absolute Strategies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Absolute Strategies Fund?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.