Absolute Return Currency Fund Key Fundamental Indicators
Absolute Return Currency technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
Absolute Return's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Absolute Return's valuation are provided below:Absolute Return Currency does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Absolute |
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Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
CompetitionBased on the latest financial disclosure, Absolute Return Currency has a Three Year Return of 1.51%. This is 46.45% lower than that of the John Hancock family and significantly higher than that of the Macro Trading category. The three year return for all United States funds is notably lower than that of the firm.
Absolute Return Currency Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Absolute Return's current stock value. Our valuation model uses many indicators to compare Absolute Return value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Return competition to find correlations between indicators driving Absolute Return's intrinsic value. More Info.Absolute Return Currency is currently considered the top fund in one year return among similar funds. It also is currently considered the top fund in three year return among similar funds reporting about 0.09 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for Absolute Return Currency is roughly 10.91 . 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 Return's earnings, one of the primary drivers of an investment's value.Absolute Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Absolute Return's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Absolute Return could also be used in its relative valuation, which is a method of valuing Absolute Return by comparing valuation metrics of similar companies.Absolute Return is currently under evaluation in three year return among similar funds.
Absolute Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Absolute Return's current stock value. Our valuation model uses many indicators to compare Absolute Return value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Return competition to find correlations between indicators driving Absolute Return's intrinsic value. More Info.Absolute Return Currency is currently considered the top fund in one year return among similar funds. It also is currently considered the top fund in three year return among similar funds reporting about 0.09 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for Absolute Return Currency is roughly 10.91 . 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 Return's earnings, one of the primary drivers of an investment's value.Fund Asset Allocation for Absolute Return
The fund invests most of its asset under management in cash, cash equivalents, or other money market funds. .Asset allocation divides Absolute Return'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 for 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 manage securities in the fund's portfolio as market conditions and the fund's objectives change.
Absolute Fundamentals
| Total Asset | 521.79 M | |||
| One Year Return | 16.48 % | |||
| Three Year Return | 1.51 % | |||
| Five Year Return | 4.57 % | |||
| Net Asset | 521.79 M | |||
| Last Dividend Paid | 0.27 | |||
| Cash Position Weight | 100.00 % |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Other Consideration for investing in Absolute Mutual Fund
If you are still planning to invest in Absolute Return Currency check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Absolute Return's history and understand the potential risks before investing.
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