Global Absolute Return Fund Manager Performance Evaluation
| JHASX Fund | USD 10.85 0.03 0.28% |
The fund retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Absolute's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Absolute is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Global Absolute Return are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Global Absolute is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.1300 |
Global |
Global Absolute Relative Risk vs. Return Landscape
If you would invest 1,066 in Global Absolute Return on September 1, 2024 and sell it today you would earn a total of 19.00 from holding Global Absolute Return or generate 1.78% return on investment over 90 days. Global Absolute Return is currently producing 0.0286% returns and takes up 0.3467% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Global, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Global Absolute Current Valuation
Fairly Valued
Today
Please note that Global Absolute's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Global Absolute Return retains a regular Real Value of $10.81 per share. The prevalent price of the fund is $10.85. We determine the value of Global Absolute Return from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Global Absolute is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Global Mutual Fund. However, Global Absolute's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.85 | Real 10.81 | Hype 10.85 | Naive 10.95 |
The intrinsic value of Global Absolute's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Global Absolute's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Global Absolute Return helps investors to forecast how Global mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Global Absolute more accurately as focusing exclusively on Global Absolute's fundamentals will not take into account other important factors: Global Absolute Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Absolute's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Global Absolute Return, and traders can use it to determine the average amount a Global Absolute'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 = 0.0826
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | JHASX |
Estimated Market Risk
| 0.35 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Global Absolute is performing at about 6% 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 Global Absolute by adding it to a well-diversified portfolio.
Global Absolute Fundamentals Growth
Global Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Global Absolute, and Global Absolute fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Global Mutual Fund performance.
| Price To Earning | 16.33 X | ||||
| Price To Book | 1.75 X | ||||
| Price To Sales | 1.68 X | ||||
| Total Asset | 566.16 M | ||||
About Global Absolute Performance
Evaluating Global Absolute's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Global Absolute has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Global Absolute has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective. It may invest in equity and fixed-income securities of companies and government and supranational entities around the world, including in emerging markets. The fund is not subject to any maturity, market capitalization, or credit quality restrictions and may invest in high-yield below-investment-grade bonds without limitation. It may invest significantly in particular economic sectors.Things to note about Global Absolute Return performance evaluation
Checking the ongoing alerts about Global Absolute for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Global Absolute Return help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains about 33.35% of its assets under management (AUM) in fixed income securities |
- Analyzing Global Absolute'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 Global Absolute's stock is overvalued or undervalued compared to its peers.
- Examining Global Absolute'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 Global Absolute's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Global Absolute's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Global Absolute's mutual fund. These opinions can provide insight into Global Absolute's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Global Mutual Fund
Global Absolute financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Absolute security.
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| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |