Altegrisaaca Opportunistic Real Fund Manager Performance Evaluation
| RAAAX Fund | USD 13.76 0.11 0.81% |
The fund shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altegris/aaca Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altegris/aaca Opportunistic is expected to be smaller as well.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Altegrisaaca Opportunistic Real are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Altegris/aaca Opportunistic may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio Date | 1st of May 2023 | |
| Expense Ratio | 2.9600 |
Altegris/aaca |
Altegris/aaca Opportunistic Relative Risk vs. Return Landscape
If you would invest 1,278 in Altegrisaaca Opportunistic Real on September 2, 2024 and sell it today you would earn a total of 98.00 from holding Altegrisaaca Opportunistic Real or generate 7.67% return on investment over 90 days. Altegrisaaca Opportunistic Real is currently producing 0.1196% returns and takes up 0.9121% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than Altegris/aaca, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Altegris/aaca Opportunistic Current Valuation
Fairly Valued
Today
Please note that Altegris/aaca Opportunistic's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Altegris/aaca Opportunistic shows a prevailing Real Value of $13.61 per share. The current price of the fund is $13.76. We determine the value of Altegris/aaca Opportunistic from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Altegris/aaca Opportunistic is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Altegris/aaca Mutual Fund. However, Altegris/aaca Opportunistic'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 13.76 | Real 13.61 | Hype 13.76 | Naive 14.27 |
The intrinsic value of Altegris/aaca Opportunistic'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 Altegris/aaca Opportunistic'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 Altegrisaaca Opportunistic Real helps investors to forecast how Altegris/aaca 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 Altegris/aaca Opportunistic more accurately as focusing exclusively on Altegris/aaca Opportunistic's fundamentals will not take into account other important factors: Altegris/aaca Opportunistic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altegris/aaca Opportunistic's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Altegrisaaca Opportunistic Real, and traders can use it to determine the average amount a Altegris/aaca Opportunistic'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 = 0.1311
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| Cash | RAAAX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.91 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Altegris/aaca Opportunistic is performing at about 10% 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 Altegris/aaca Opportunistic by adding it to a well-diversified portfolio.
Altegris/aaca Opportunistic Fundamentals Growth
Altegris/aaca Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Altegris/aaca Opportunistic, and Altegris/aaca Opportunistic 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 Altegris/aaca Mutual Fund performance.
| Price To Earning | 27.50 X | ||||
| Price To Book | 2.08 X | ||||
| Price To Sales | 3.27 X | ||||
| Total Asset | 5.77 M | ||||
About Altegris/aaca Opportunistic Performance
Evaluating Altegris/aaca Opportunistic's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altegris/aaca Opportunistic 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 Altegris/aaca Opportunistic 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.
Under normal circumstances, the fund invests at least 80 percent of its net assets in both long and short positions in equity securities of real estate companies and real estate related companies . It is non-diversified.Things to note about Altegris/aaca Opportunistic performance evaluation
Checking the ongoing alerts about Altegris/aaca Opportunistic for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Altegris/aaca Opportunistic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -9.0% | |
| Altegris/aaca Opportunistic maintains 102.7% of its assets in stocks |
- Analyzing Altegris/aaca Opportunistic'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 Altegris/aaca Opportunistic's stock is overvalued or undervalued compared to its peers.
- Examining Altegris/aaca Opportunistic'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 Altegris/aaca Opportunistic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altegris/aaca Opportunistic's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Altegris/aaca Opportunistic's mutual fund. These opinions can provide insight into Altegris/aaca Opportunistic's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Altegris/aaca Mutual Fund
Altegris/aaca Opportunistic financial ratios help investors to determine whether Altegris/aaca 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 Altegris/aaca with respect to the benefits of owning Altegris/aaca Opportunistic security.
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