Morgan Stanleys Strategic Reduction in Eaton Vance Floating-rat - GuruFocus.com

AFTDelisted Fund  USD 14.86  0.05  0.34%   
Slightly above 61% of Apollo Senior's investor base is looking to short. The analysis of overall sentiment of trading Apollo Senior Floating fund suggests that many investors are alarmed at this time. Apollo Senior's investing sentiment can be driven by a variety of factors including economic data, Apollo Senior's earnings reports, geopolitical events, and overall market trends.
  
Morgan Stanleys Strategic Reduction in Eaton Vance Floating-rat GuruFocus.com

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Apollo Senior Fundamental Analysis

We analyze Apollo Senior's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Apollo Senior using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Apollo Senior based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Current Valuation

Current Valuation Comparative Analysis

Apollo Senior is currently under evaluation in current valuation among similar funds. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Apollo Senior Floating Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Apollo Senior fund to make a market-neutral strategy. Peer analysis of Apollo Senior could also be used in its relative valuation, which is a method of valuing Apollo Senior by comparing valuation metrics with similar companies.

Peers

Apollo Senior Related Equities

NXGNXG NextGen   1.07   
0%
69.0%
EFTEaton Vance   0.37   
0%
24.0%
FCTFirst Trust   0.29   
0%
18.0%
CXHMFS Investment   0.25   
16.0%
0%
BGTBlackRock Floating   0.30   
19.0%
0%
PHDPioneer Floating   0.30   
19.0%
0%
JFRNuveen Floating   0.33   
21.0%
0%
BGBBlackstone Gso   0.40   
25.0%
0%
MUIBlackrock Muni   0.47   
30.0%
0%
BSLBlackstone Gso   0.48   
31.0%
0%
EVFEaton Vance   0.48   
31.0%
0%
BGXBlackstone Gso   1.14   
74.0%
0%
GNTGAMCO Natural   1.54   
100.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Consideration for investing in Apollo Fund

If you are still planning to invest in Apollo Senior Floating 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 Apollo Senior's history and understand the potential risks before investing.
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