Alliancebernstein Year To Date Return vs. Price To Earning
| AWF Fund | USD 11.01 0.04 0.36% |
For Alliancebernstein profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alliancebernstein to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alliancebernstein Global High utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alliancebernstein's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alliancebernstein Global High over time as well as its relative position and ranking within its peers.
Alliancebernstein |
Alliancebernstein Price To Earning vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alliancebernstein's current stock value. Our valuation model uses many indicators to compare Alliancebernstein value to that of its competitors to determine the firm's financial worth. Alliancebernstein Global High is rated below average in year to date return among similar funds. It is second largest fund in price to earning among similar funds reporting about 35.76 of Price To Earning per Year To Date Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value Alliancebernstein by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Alliancebernstein Price To Earning vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Alliancebernstein |
| = | 9.32 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Alliancebernstein |
| = | 333.33 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Alliancebernstein Price To Earning Comparison
Alliancebernstein is currently under evaluation in price to earning among similar funds.
Alliancebernstein Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alliancebernstein, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alliancebernstein will eventually generate negative long term returns. The profitability progress is the general direction of Alliancebernstein's change in net profit over the period of time. It can combine multiple indicators of Alliancebernstein, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of JPMorgan Government Bond Index-Emerging Markets, JPMorgan Emerging Markets Bond Index Global, and the Barclays U.S. Corporate High Yield 2 percent Issuer Capped Index. It was previously known as Alliance World Dollar Government Fund II, Inc. AllianceBernstein Global High Income Fund was formed on May 20, 1993 and is domiciled in the United States.
Alliancebernstein Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alliancebernstein. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alliancebernstein position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alliancebernstein's important profitability drivers and their relationship over time.
Use Alliancebernstein in pair-trading
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 Alliancebernstein 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 Alliancebernstein will appreciate offsetting losses from the drop in the long position's value.Alliancebernstein Pair Trading
Alliancebernstein Global High Pair Trading Analysis
The ability to find closely correlated positions to Alliancebernstein could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliancebernstein 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 Alliancebernstein - 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 Alliancebernstein Global High to buy it.
The correlation of Alliancebernstein 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 Alliancebernstein moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliancebernstein 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 Alliancebernstein 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.Use Investing Themes to Complement your Alliancebernstein position
In addition to having Alliancebernstein in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Alliancebernstein Fund
To fully project Alliancebernstein's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alliancebernstein at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alliancebernstein's income statement, its balance sheet, and the statement of cash flows.
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