Absolute Capital Opportunities Fund Price on November 7, 2023
If you're considering investing in Absolute Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Absolute Mutual Fund to be very steady. Absolute Capital Opp secures Sharpe Ratio (or Efficiency) of 0.0411, which signifies that the fund had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Absolute Capital Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Absolute Capital's Risk Adjusted Performance of 0.0158, downside deviation of 0.327, and Mean Deviation of 0.2282 to double-check if the risk estimate we provide is consistent with the expected return of 0.0124%.
Absolute Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Absolute |
Sharpe Ratio = 0.0411
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Estimated Market Risk
0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Absolute Capital is performing at about 3% 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 Capital by adding it to a well-diversified portfolio.
Absolute Capital Valuation on November 7, 2023
It is possible to determine the worth of Absolute Capital on a given historical date. On November 7, 2023 Absolute was worth 9.41 at the beginning of the trading date compared to the closed value of 9.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absolute Capital mutual fund. Still, in general, we apply an absolute valuation method to find Absolute Capital's 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 Capital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absolute Capital's related companies.
Open | High | Low | Close | Volume | |
9.44 | 9.44 | 9.44 | 9.44 | 1.00 | |
11/07/2023 | 9.41 | 9.41 | 9.41 | 9.41 | 1.00 |
9.39 | 9.39 | 9.39 | 9.39 | 1.00 |
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Absolute Capital Trading Date Momentum on November 7, 2023
On November 08 2023 Absolute Capital Opportunities was traded for 9.39 at the closing time. The highest daily price throughout the period was 9.39 and the lowest price was 9.39 . There was no trading activity during the period 1.0. Lack of trading volume on 11/08/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.21% . The overall trading delta to current closing price is 0.85% . |
Absolute Capital Opp Fundamentals Correlations and Trends
By evaluating Absolute Capital's 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 Capital's 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 Capital Mutual Fund history
Absolute Capital 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 Capital Opp 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 Capital stock prices may prove useful in developing a viable investing in Absolute Capital
The funds investment adviser will pursue its investment objective by allocating fund assets to a subadviser ,who employs a range of specialized investment strategies. Absolute Capital is traded on NASDAQ Exchange in the United States.
Absolute Capital Mutual Fund Technical Analysis
Absolute Capital 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 Capital Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Absolute Capital Opportunities 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 Capital December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Absolute Capital 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 Capital shares will generate the highest return on investment. By undertsting and applying Absolute Capital mutual fund market strength indicators, traders can identify Absolute Capital Opportunities entry and exit signals to maximize returns
Absolute Capital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absolute Capital's 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 | 0.0158 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | (0.27) | |||
Treynor Ratio | 0.0113 |
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Volume Indicators |
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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