Absolute Core Strategy Etf One Year Return
| ABEQ Etf | USD 33.28 0.08 0.24% |
Absolute Core Strategy fundamentals help investors to digest information that contributes to Absolute Core's financial success or failures. It also enables traders to predict the movement of Absolute Etf. The fundamental analysis module provides a way to measure Absolute Core's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Absolute Core etf.
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Absolute Core Strategy ETF One Year Return Analysis
Absolute Core's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Absolute Core One Year Return | 20.90 % |
Most of Absolute Core's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Absolute Core Strategy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Absolute Core Strategy has an One Year Return of 20.9%. This is much higher than that of the Absolute Investment Advisers family and significantly higher than that of the Large Value category. The one year return for all United States etfs is notably lower than that of the firm.
Absolute One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Absolute Core's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Absolute Core could also be used in its relative valuation, which is a method of valuing Absolute Core by comparing valuation metrics of similar companies.Absolute Core is currently under evaluation in one year return as compared to similar ETFs.
Fund Asset Allocation for Absolute Core
The fund consists of 77.1% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Absolute Core's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Absolute Fundamentals
| Beta | 0.57 | |||
| Total Asset | 71.61 M | |||
| One Year Return | 20.90 % | |||
| Three Year Return | 8.00 % | |||
| Net Asset | 71.61 M | |||
| Equity Positions Weight | 77.10 % |
About Absolute Core Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Absolute Core Strategy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Absolute Core using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Absolute Core Strategy based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Absolute Core
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Absolute Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Absolute Core will appreciate offsetting losses from the drop in the long position's value.Moving together with Absolute Etf
| 0.64 | VTV | Vanguard Value Index | PairCorr |
| 0.63 | VYM | Vanguard High Dividend | PairCorr |
| 0.62 | IWD | iShares Russell 1000 | PairCorr |
| 0.67 | DGRO | iShares Core Dividend | PairCorr |
| 0.65 | IVE | iShares SP 500 | PairCorr |
The ability to find closely correlated positions to Absolute Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Absolute Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Absolute Core Strategy to buy it.
The correlation of Absolute Core 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Absolute Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Core Strategy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Absolute Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Absolute Core Piotroski F Score and Absolute Core Altman Z Score analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.