Absolute Capital Competition

AAMAX Fund

USD 11.58 0.11 0.94%

Absolute Capital Asset competes with Blrc Sgy, California High, National Tax, Counterpoint Tactical, and Pace Municipal; as well as few others. The fund is listed under Tactical Allocation category and is part of Absolute Capital family. Analyzing Absolute Capital competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Absolute Capital to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Absolute Capital Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Absolute Capital competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
10.81	11.58	12.35

Details

Intrinsic

Valuation

Low	Real	High
10.89	11.66	12.43

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Absolute Capital. Your research has to be compared to or analyzed against Absolute Capital's peers to derive any actionable benefits. When done correctly, Absolute Capital's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Absolute Capital Asset.

Absolute Capital Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Absolute Capital and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Absolute and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Absolute Capital Asset does not affect the price movement of the other competitor.

	MDMTX	BCHIX	CFNLX	TMNIX	PCMNX	MSTPX
MDMTX		0.98	0.98	0.91	0.97	0.98	MDMTX
BCHIX	0.98		0.98	0.96	0.98	0.98	BCHIX
CFNLX	0.98	0.98		0.92	0.99	0.96	CFNLX
TMNIX	0.91	0.96	0.92		0.94	0.93	TMNIX
PCMNX	0.97	0.98	0.99	0.94		0.96	PCMNX
MSTPX	0.98	0.98	0.96	0.93	0.96		MSTPX
	MDMTX	BCHIX	CFNLX	TMNIX	PCMNX	MSTPX

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Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute Capital Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Absolute Capital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MDMTX	0.20	(0.04)	(0.51)	0.38	(0.57)	1.71
BCHIX	0.20	(0.04)	(0.59)	0.40	(0.40)	1.63
CFNLX	0.15	(0.03)	(0.68)	0.22	(0.32)	1.35
TMNIX	0.20	(0.05)	(0.81)	0.37	(0.82)	1.85
PCMNX	0.15	(0.03)	(1.13)	0.25	(0.41)	1.32
MSTPX	0.13	(0.03)	(0.69)	0.30	(0.50)	1.30

Unable to evaluate fundamental data of [MDMTX, BCHIX, CFNLX, TMNIX, PCMNX, MSTPX] at this time. Please try again later

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Absolute Capital Competitive Analysis

The better you understand Absolute Capital competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Absolute Capital's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Absolute Capital's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	AAMAX	MDMTX	BCHIX	CFNLX	TMNIX	PCMNX	MSTPX
	0.94 11.58 Absolute	0.1 10.47 Blrc	0.21 9.74 California	0.05 18.52 National	0.09 10.72 Counterpoint	0.08 12.10 Pace	0.20 9.94 Morningstar
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Buy	Buy	Buy	Buy	Buy	Buy
Net Asset	35.65 M	5.05 B	1.22 B	377.99 M	207.24 M	343.58 M	240.61 M
Minimum Initial Investment	N/A	N/A	5 M	1 K	100 K	N/A	N/A
Price To Book	N/A	N/A	N/A	6.68 X	N/A	N/A	N/A
Five Year Return	4.73 %	0.31 %	1.11 %	0.59 %	3.40 %	0.74 %	1.15 %
One Year Return	13.20 %	2.96 %	3.56 %	0.86 %	3.91 %	0.73 %	2.42 %
Last Dividend Paid	0.04	0.02	0.03	0.03	0.02	0.02	0.02
Price To Earning	N/A	N/A	N/A	7.02 X	N/A	N/A	N/A
Price To Sales	N/A	N/A	N/A	0.94 X	N/A	N/A	N/A
Cash Position Weight	24.75 %	2.84 %	0.12 %	7.67 %	1.42 %	0.04 %	5.74 %
Equity Positions Weight	57.37 %	N/A	N/A	N/A	N/A	N/A	N/A
Three Year Return	2.27 %	(1.45) %	(0.90) %	(0.70) %	2.52 %	(0.56) %	0.11 %
Annual Yield	N/A	0 %	0 %	0 %	0.03 %	0 %	0 %
Year To Date Return	11.82 %	2.81 %	3.27 %	0.60 %	3.91 %	0.51 %	2.37 %
Bond Positions Weight	2.28 %	8.73 %	99.88 %	92.33 %	98.57 %	N/A	94.26 %
Ten Year Return	N/A	3.81 %	5.29 %	3.79 %	N/A	3.42 %	N/A
Daily Balance Of Power	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	11.58	10.47	9.74	18.52	10.72	12.1	9.94
Period Momentum Indicator	(0.11)	0.01	0.02	0.01	0.01	0.01	0.02
Rate Of Daily Change	0.99	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	11.58	10.47	9.74	18.52	10.72	12.1	9.94
Price Action Indicator	(0.06)	0.005	0.01	0.005	0.005	0.005	0.01
Coefficient Of Variation	49217.85	(1,192)	(1,153)	(1,047)	(823.05)	(1,021)	(1,340)
Mean Deviation	0.5056	0.1983	0.1976	0.1515	0.1971	0.1484	0.1341
Jensen Alpha	(0.01)	(0.04)	(0.04)	(0.03)	(0.05)	(0.03)	(0.03)
Total Risk Alpha	(0.03)	(0.04)	(0.04)	(0.04)	(0.06)	(0.04)	(0.03)
Sortino Ratio	(0.03)	N/A	N/A	N/A	N/A	N/A	N/A
Downside Variance	0.8369	N/A	N/A	N/A	N/A	N/A	N/A
Standard Deviation	0.7588	0.3023	0.2973	0.2268	0.3174	0.2259	0.2202
Kurtosis	6.46	2.35	3.87	3.92	4.97	3.71	3.95
Potential Upside	0.8354	0.3824	0.402	0.2165	0.369	0.2471	0.2991
Treynor Ratio	(0.07)	(0.51)	(0.59)	(0.68)	(0.81)	(1.13)	(0.69)
Maximum Drawdown	5.8	1.71	1.63	1.35	1.85	1.32	1.3
Variance	0.5758	0.0914	0.0884	0.0515	0.1007	0.051	0.0485
Market Risk Adjusted Performance	(0.06)	(0.50)	(0.58)	(0.67)	(0.80)	(1.12)	(0.68)
Risk Adjusted Performance	0.0011	(0.08)	(0.09)	(0.10)	(0.11)	(0.10)	(0.09)
Skewness	(0.97)	(0.45)	(1.29)	(1.21)	(1.41)	(1.23)	(1.16)
Semi Deviation	0.8529	N/A	N/A	N/A	N/A	N/A	N/A
Information Ratio	(0.04)	(0.19)	(0.20)	(0.24)	(0.22)	(0.24)	(0.22)
Value At Risk	(1.00)	(0.57)	(0.40)	(0.32)	(0.82)	(0.41)	(0.50)
Expected Short fall	(0.49)	N/A	N/A	N/A	N/A	N/A	N/A
Downside Deviation	0.9148	N/A	N/A	N/A	N/A	N/A	N/A
Semi Variance	0.7274	N/A	N/A	N/A	N/A	N/A	N/A

Absolute Capital Competition Performance Charts

Five steps to successful analysis of Absolute Capital Competition

Absolute Capital's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Absolute Capital Asset in relation to its competition. Absolute Capital's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Absolute Capital in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Absolute Capital's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Absolute Capital Asset, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Absolute Capital position

In addition to having Absolute Capital 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.

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Apparel

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Apparel Theme or any other thematic opportunities.

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Other Information on Investing in Absolute Mutual Fund

Absolute Capital financial ratios help investors to determine whether Absolute 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 Absolute with respect to the benefits of owning Absolute Capital security.

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