Absa Multi (South Africa) Manager Performance Evaluation
| 0P0000JYW0 | 2.57 0.02 0.77% |
The fund shows a Beta (market volatility) of 0.019, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Absa Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Absa Multi is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Absa Multi Managed are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. Even with relatively steady basic indicators, Absa Multi is not utilizing all of its potentials. The current stock price chaos, may contribute to medium-term losses for the stakeholders.
...moreAbsa |
Absa Multi Relative Risk vs. Return Landscape
If you would invest 248.00 in Absa Multi Managed on September 5, 2024 and sell it today you would earn a total of 9.00 from holding Absa Multi Managed or generate 3.63% return on investment over 90 days. Absa Multi Managed is generating 0.0571% of daily returns and assumes 0.3229% volatility on return distribution over the 90 days horizon. Simply put, 2% of funds are less volatile than Absa, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Absa Multi Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absa Multi's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Absa Multi Managed, and traders can use it to determine the average amount a Absa Multi's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1769
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| Cash | 0P0000JYW0 | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.32 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Absa Multi is performing at about 13% 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 Absa Multi by adding it to a well-diversified portfolio.
Things to note about Absa Multi Managed performance evaluation
Checking the ongoing alerts about Absa Multi for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Absa Multi Managed help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Absa Multi's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Absa Multi's fund performance include:- Analyzing Absa Multi's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Absa Multi's stock is overvalued or undervalued compared to its peers.
- Examining Absa Multi's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Absa Multi's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Absa Multi's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Absa Multi's fund. These opinions can provide insight into Absa Multi's potential for growth and whether the stock is currently undervalued or overvalued.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |