Absolute Core Strategy Etf Profile
| ABEQ Etf | USD 33.07 0.22 0.67% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Absolute Core is selling at 33.07 as of the 24th of November 2024; that is 0.67 percent increase since the beginning of the trading day. The etf's last reported lowest price was 32.99. Absolute Core has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Absolute Core Strategy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2024 and ending today, the 24th of November 2024. 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
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Absolute Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Equity ETFs, Size And Style ETFs, Large Value, Absolute Investment Advisers (View all Sectors) |
| Issuer | Absolute Investment Advisers |
| Inception Date | 2020-01-21 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 89.56 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Size and Style |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Ultimus Fund Solutions, LLC |
| Advisor | Absolute Investment Advisers LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | Northern Lights Distributors, LLC |
| Portfolio Manager | Robert J. Mark |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 28.0 |
| Market Maker | GTS |
| Total Expense | 1.16 |
| Management Fee | 0.85 |
| Country Name | USA |
| Returns Y T D | 17.28 |
| Name | Absolute Core Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG00RHHGQY2 |
| In Threey Volatility | 12.47 |
| 1y Volatility | 9.18 |
| 200 Day M A | 30.985 |
| 50 Day M A | 32.6765 |
| Code | ABEQ |
| Updated At | 24th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.33 |
| Type | ETF |
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 Broad Equity ETFs. Absolute Core Strategy presently have 71.61 M in assets under management (AUM). , while the total return for the last 3 years was 7.6%.
Check Absolute Core Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Absolute Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Absolute Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Absolute Core Strategy Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Absolute Core Strategy Etf Constituents
| GBIL | Goldman Sachs Access | Etf | Ultrashort Bond | |
| BIL | SPDR Bloomberg 1 3 | Etf | Ultrashort Bond | |
| CSCO | Cisco Systems | Stock | Information Technology | |
| CTVA | Corteva | Stock | Materials | |
| CVS | CVS Health Corp | Stock | Health Care | |
| D | Dominion Energy | Stock | Utilities | |
| DD | Dupont De Nemours | Stock | Materials | |
| EQC | Equity Commonwealth | Stock | Real Estate |
Absolute Core Strategy Risk Profiles
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.
| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) |
Absolute Core Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Absolute Core Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.