Absolute Strategies Fund Price on September 27, 2024
| ASFIXDelisted Fund | USD 5.97 0.00 0.00% |
If you're considering investing in Absolute Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Absolute Strategies stands at 5.97, as last reported on the 27th of December, with the highest price reaching 5.97 and the lowest price hitting 5.97 during the day. At this stage we consider Absolute Mutual Fund to be very steady. Absolute Strategies secures Sharpe Ratio (or Efficiency) of 0.0902, which signifies that the fund had a 0.0902% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Absolute Strategies Fund, which you can use to evaluate the volatility of the entity. Please confirm Absolute Strategies' Mean Deviation of 0.3488, risk adjusted performance of (0.09), and Standard Deviation of 0.4718 to double-check if the risk estimate we provide is consistent with the expected return of 0.033%.
Absolute Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Absolute |
Sharpe Ratio = 0.0902
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| Negative Returns | ASFIX |
Estimated Market Risk
| 0.37 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
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Absolute Strategies is performing at about 7% 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 Absolute Strategies by adding it to a well-diversified portfolio.
Absolute Strategies Valuation on September 27, 2024
It is possible to determine the worth of Absolute Strategies on a given historical date. On September 27, 2024 Absolute was worth 5.93 at the beginning of the trading date compared to the closed value of 5.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absolute Strategies mutual fund. Still, in general, we apply an absolute valuation method to find Absolute Strategies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Absolute Strategies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absolute Strategies' related companies.
| Open | High | Low | Close | Volume | |
| 5.94 | 5.94 | 5.94 | 5.94 | 1.00 | |
09/27/2024 | 5.93 | 5.93 | 5.93 | 5.93 | 1.00 |
| 5.92 | 5.92 | 5.92 | 5.92 | 1.00 |
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Absolute Strategies Trading Date Momentum on September 27, 2024
| On September 30 2024 Absolute Strategies Fund was traded for 5.92 at the closing time. The highest daily price throughout the period was 5.92 and the lowest price was 5.92 . There was no trading activity during the period 1.0. Lack of trading volume on 09/30/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.17% . The overall trading delta to current closing price is 0.51% . |
Absolute Strategies Fundamentals Correlations and Trends
By evaluating Absolute Strategies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Absolute Strategies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Absolute financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Absolute Strategies Mutual Fund history
Absolute Strategies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Absolute is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Absolute Strategies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Absolute Strategies stock prices may prove useful in developing a viable investing in Absolute Strategies
The funds investment adviser, believes that there are important benefits that come from investing through skilled asset managers whose strategies, when combined, seek to provide attractive long-term risk-adjusted returns, with lower volatility and low sensitivity to traditional market measures. Absolute Strategies is traded on NASDAQ Exchange in the United States.
Absolute Strategies Mutual Fund Technical Analysis
Absolute Strategies technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Absolute Strategies Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Absolute Strategies Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Absolute Strategies December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Absolute Strategies mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Absolute Strategies shares will generate the highest return on investment. By undertsting and applying Absolute Strategies mutual fund market strength indicators, traders can identify Absolute Strategies Fund entry and exit signals to maximize returns
Absolute Strategies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absolute Strategies' price direction in advance. Along with the technical and fundamental analysis of Absolute Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absolute to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.6588 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Consideration for investing in Absolute Mutual Fund
If you are still planning to invest in Absolute Strategies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Absolute Strategies' history and understand the potential risks before investing.
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