Absolute Convertible Financials
| ARBOX Fund | USD 11.48 0.01 0.09% |
Absolute |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Absolute Convertible Fund Summary
Absolute Convertible competes with Absolute Capital, Invesco Small, Vanguard 500, Rivernorth Opportunities, and Vanguard Total. The fund invests primarily in a diversified portfolio of convertible securities issued by both U.S. and foreign companies. These convertible securities are typically debt securities or preferred stocks that can be exchanged for, or convert automatically to, common stock.Specialization | Relative Value Arbitrage, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Forum Funds |
| Mutual Fund Family | Absolute Investment Advisers |
| Mutual Fund Category | Relative Value Arbitrage |
| Benchmark | Dow Jones Industrial |
| Phone | 888 992 2765 |
| Currency | USD - US Dollar |
Absolute Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Absolute Convertible's current stock value. Our valuation model uses many indicators to compare Absolute Convertible value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Convertible competition to find correlations between indicators driving Absolute Convertible's intrinsic value. More Info.Absolute Convertible Arbitrage is the top fund in annual yield among similar funds. It also is the top fund in net asset among similar funds making up about 29,046,966,372 of Net Asset per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Absolute Convertible's earnings, one of the primary drivers of an investment's value.Absolute Convertible Systematic Risk
Absolute Convertible's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Absolute Convertible volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Absolute Convertible correlated with the market. If Beta is less than 0 Absolute Convertible generally moves in the opposite direction as compared to the market. If Absolute Convertible Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Absolute Convertible is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Absolute Convertible is generally in the same direction as the market. If Beta > 1 Absolute Convertible moves generally in the same direction as, but more than the movement of the benchmark.
Absolute Convertible Thematic Clasifications
Absolute Convertible Arbitrage is part of Convertibles Funds investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Funds investing in convertibles debt instruments. Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date
This theme covers Funds investing in convertibles debt instruments. Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. Get More Thematic Ideas
Absolute Convertible Arbitrage is the top fund in net asset among similar funds. Total Asset Under Management (AUM) of Relative Value Arbitrage category is currently estimated at about 1.3 Trillion. Absolute Convertible adds roughly 984.69 Million in net asset claiming only tiny portion of funds listed under Relative Value Arbitrage category.| Convertibles Funds | View |
Absolute Convertible November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Absolute Convertible help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Absolute Convertible Arbitrage. We use our internally-developed statistical techniques to arrive at the intrinsic value of Absolute Convertible Arbitrage based on widely used predictive technical indicators. In general, we focus on analyzing Absolute Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Absolute Convertible's daily price indicators and compare them against related drivers.
| Information Ratio | (2.00) | |||
| Maximum Drawdown | 0.2638 | |||
| Potential Upside | 0.0887 |
Other Information on Investing in Absolute Mutual Fund
Absolute Convertible financial ratios help investors to determine whether Absolute Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Absolute with respect to the benefits of owning Absolute Convertible security.
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