Ab Select Longshort Fund Price on September 6, 2024
| ASLAX Fund | USD 15.58 0.04 0.26% |
Below is the normalized historical share price chart for Ab Select Longshort extending back to December 13, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ab Select stands at 15.58, as last reported on the 26th of November, with the highest price reaching 15.58 and the lowest price hitting 15.58 during the day.
If you're considering investing in ASLAX Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider ASLAX Mutual Fund to be very steady. Ab Select Longshort retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the fund had a 0.15% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Select, which you can use to evaluate the volatility of the entity. Please confirm Ab Select's Market Risk Adjusted Performance of 0.1274, standard deviation of 0.5289, and Coefficient Of Variation of 649.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.0819%.
ASLAX Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
ASLAX |
Sharpe Ratio = 0.1538
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | ASLAX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Ab Select is performing at about 12% 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 Ab Select by adding it to a well-diversified portfolio.
Ab Select Valuation on September 6, 2024
It is possible to determine the worth of Ab Select on a given historical date. On September 6, 2024 ASLAX was worth 14.5 at the beginning of the trading date compared to the closed value of 14.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ab Select mutual fund. Still, in general, we apply an absolute valuation method to find Ab Select's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ab Select where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ab Select's related companies.
| Open | High | Low | Close | Volume | |
| 14.66 | 14.66 | 14.66 | 14.66 | 1.00 | |
09/06/2024 | 14.50 | 14.50 | 14.50 | 14.50 | 1.00 |
| 14.61 | 14.61 | 14.61 | 14.61 | 1.00 |
| Backtest Ab Select | | | Ab Select History | | | Ab Select Valuation | Previous | Next |
Ab Select Trading Date Momentum on September 6, 2024
| On September 09 2024 Ab Select Longshort was traded for 14.61 at the closing time. The highest daily price throughout the period was 14.61 and the lowest price was 14.61 . There was no trading activity during the period 1.0. Lack of trading volume on 09/09/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.76% . The overall trading delta to current closing price is 2.55% . |
Ab Select Longshort Fundamentals Correlations and Trends
By evaluating Ab Select's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ab Select's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ASLAX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ab Select Mutual Fund history
Ab Select investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ASLAX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ab Select Longshort will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ab Select stock prices may prove useful in developing a viable investing in Ab Select
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of U.S. companies, short positions in such securities, and cash and U.S. cash equivalents. Its investments will be focused on securities of companies with large and medium market capitalizations, but it may also take long and short positions in securities of small-capitalization companies. The fund may invest in non-U.S. companies, but currently intends to limit its investments in such companies to no more than 10 percent of its net assets.
Ab Select Mutual Fund Technical Analysis
Ab Select technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Ab Select Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Ab Select Longshort cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ab Select November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Ab Select mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ab Select shares will generate the highest return on investment. By undertsting and applying Ab Select mutual fund market strength indicators, traders can identify Ab Select Longshort entry and exit signals to maximize returns
Ab Select Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ab Select's price direction in advance. Along with the technical and fundamental analysis of ASLAX Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of ASLAX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1174 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in ASLAX Mutual Fund
Ab Select financial ratios help investors to determine whether ASLAX 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 ASLAX with respect to the benefits of owning Ab Select security.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |