Absolute Core is selling at 32.30 as of the 18th of January 2025; that is 0.28 percent increase since the beginning of the trading day. The etf's last reported lowest price was 32.27. Absolute Core has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 19th of December 2024 and ending today, the 18th of January 2025. Click here to learn more.
The funds investment sub-adviser , seeks to achieve its objective by investing primarily in equity securities of U.S. companies that the Subadviser believes are priced at a substantial discount to the Subadvisers estimate of fair value. Absolute Core is traded on NYSEARCA Exchange in the United States.. More on Absolute Core Strategy
Absolute Core Strategy [ABEQ] is traded in USA and was established 2020-01-21. The fund is listed under Large Value category and is part of Absolute Investment Advisers family. The entity is thematically classified as Size And Style ETFs. Absolute Core Strategy presently have 71.61 M in assets under management (AUM). , while the total return for the last 3 years was 5.4%.
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The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Absolute Core. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether Absolute Core Strategy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Absolute Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Absolute Core Strategy Etf. Highlighted below are key reports to facilitate an investment decision about Absolute Core Strategy Etf:
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The market value of Absolute Core Strategy is measured differently than its book value, which is the value of Absolute that is recorded on the company's balance sheet. Investors also form their own opinion of Absolute Core's value that differs from its market value or its book value, called intrinsic value, which is Absolute Core's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Absolute Core's market value can be influenced by many factors that don't directly affect Absolute Core's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Absolute Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Absolute Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Core'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.