Absolute Capital Financial Statements From 2010 to 2024
| AAMIX Fund | USD 11.12 0.02 0.18% |
Check Absolute Capital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Absolute main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Absolute financial statements analysis is a perfect complement when working with Absolute Capital Valuation or Volatility modules.
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Absolute Capital Asset Mutual Fund One Year Return Analysis
Absolute Capital's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Absolute Capital One Year Return | 15.75 % |
Most of Absolute Capital's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Absolute Capital Asset is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Absolute Capital Asset has an One Year Return of 15.7456%. This is much higher than that of the Absolute Capital family and significantly higher than that of the Tactical Allocation category. The one year return for all United States funds is notably lower than that of the firm.
Absolute Capital Asset Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Absolute Capital's current stock value. Our valuation model uses many indicators to compare Absolute Capital value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Capital competition to find correlations between indicators driving Absolute Capital's intrinsic value. More Info.Absolute Capital Asset is the top fund in price to earning among similar funds. It is the top fund in price to book among similar funds fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Absolute Capital Asset is roughly 7.33 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Absolute Capital by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Absolute Capital's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Capital's earnings, one of the primary drivers of an investment's value.About Absolute Capital Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Absolute Capital income statement, its balance sheet, and the statement of cash flows. Absolute Capital investors use historical funamental indicators, such as Absolute Capital's revenue or net income, to determine how well the company is positioned to perform in the future. Although Absolute Capital investors may use each financial statement separately, they are all related. The changes in Absolute Capital's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Absolute Capital's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Absolute Capital Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Absolute Capital. Please read more on our technical analysis and fundamental analysis pages.
The fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds and closed-end funds in domestic and foreign fixed income securities of any maturity or credit quality equity securities of any market capitalization and exchange traded notes .
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Absolute Capital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Absolute Capital's short interest history, or implied volatility extrapolated from Absolute Capital options trading.
Pair Trading with Absolute Capital
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 Absolute Capital 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 Absolute Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Absolute Mutual Fund
| 1.0 | ACMAX | Absolute Capital Defender | PairCorr |
| 0.85 | PAALX | All Asset Fund | PairCorr |
| 0.78 | PATRX | Pimco All Asset | PairCorr |
| 0.85 | PAAIX | All Asset Fund | PairCorr |
| 0.85 | PALPX | Pimco All Asset | PairCorr |
The ability to find closely correlated positions to Absolute Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Capital 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 Absolute Capital - 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 Absolute Capital Asset to buy it.
The correlation of Absolute Capital 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 Absolute Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Capital Asset 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 Absolute Capital 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.Check out the analysis of Absolute Capital Correlation against competitors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.