Absolute Core Strategy Etf Performance
| ABEQ Etf | USD 33.36 0.20 0.60% |
The etf shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Absolute Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Absolute Core is expected to be smaller as well.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Absolute Core Strategy are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable technical and fundamental indicators, Absolute Core is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors. ...more
| In Threey Sharp Ratio | 0.26 |
Absolute |
Absolute Core Relative Risk vs. Return Landscape
If you would invest 3,283 in Absolute Core Strategy on December 2, 2024 and sell it today you would earn a total of 53.00 from holding Absolute Core Strategy or generate 1.61% return on investment over 90 days. Absolute Core Strategy is currently generating 0.028% in daily expected returns and assumes 0.5851% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than Absolute, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Absolute Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Absolute Core Strategy, and traders can use it to determine the average amount a Absolute Core's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0478
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ABEQ |
Estimated Market Risk
| 0.59 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Absolute Core 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 Core by adding it to a well-diversified portfolio.
Absolute Core Fundamentals Growth
Absolute Etf prices reflect investors' perceptions of the future prospects and financial health of Absolute Core, and Absolute Core fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Absolute Etf performance.
| Total Asset | 71.61 M | |||
About Absolute Core Performance
Assessing Absolute Core's fundamental ratios provides investors with valuable insights into Absolute Core's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Absolute Core is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The funds investment sub-adviser , seeks to achieve its objective by investing primarily in equity securities of U.S. companies that the Subadviser believes are priced at a substantial discount to the Subadvisers estimate of fair value. Absolute Core is traded on NYSEARCA Exchange in the United States.