Absolute Strategies Fund Price on August 26, 2024

ASFIX Fund  USD 5.97  0.00  0.00%   
Below is the normalized historical share price chart for Absolute Strategies Fund extending back to July 27, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Absolute Strategies stands at 5.97, as last reported on the 2nd of December, with the highest price reaching 5.97 and the lowest price hitting 5.97 during the day.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Absolute Mutual Fund, it is important to understand the factors that can impact its price. Absolute Strategies secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the fund had a -0.11% return per unit of risk over the last 3 months. Absolute Strategies Fund exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Absolute Strategies' Mean Deviation of 0.3488, standard deviation of 0.4718, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
  
Absolute Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1084

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Estimated Market Risk

 0.4
  actual daily
3
97% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Absolute Strategies is not performing at its full potential. However, 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 Absolute Strategies to a well-diversified portfolio.

Absolute Strategies Valuation on August 26, 2024

It is possible to determine the worth of Absolute Strategies on a given historical date. On August 26, 2024 Absolute was worth 6.05 at the beginning of the trading date compared to the closed value of 6.05. 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
  6.02    6.02    6.02    6.02    1.00  
08/26/2024
  6.05    6.05    6.05    6.05    1.00  
  6.04    6.04    6.04    6.04    1.00  
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Open Value
6.05
6.05
Closing Value
7.25
Upside

Absolute Strategies Trading Date Momentum on August 26, 2024

On August 27 2024 Absolute Strategies Fund was traded for  6.04  at the closing time. The highest daily price throughout the period was 6.04  and the lowest price was  6.04 . There was no trading activity during the period 1.0. Lack of trading volume on 08/27/2024 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 0.50% .

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, has responsibility for allocating fund assets across strategies and investment styles that the adviser believes are complementary and, when combined, will produce long-term risk-adjusted returns. The adviser considers long-term risk-adjusted investment returns to be those that do not incur a permanent loss of capital over a full market cycle.

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.
A focus of Absolute Strategies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Absolute Strategies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Absolute Strategies Period Price Range

Low
December 2, 2024
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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 2, 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.

Other Information on Investing in Absolute Mutual Fund

Absolute Strategies 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 Strategies security.
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