Absolute Strategies Fund Price on September 27, 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 30th of November, with the highest price reaching 5.97 and the lowest price hitting 5.97 during the day.
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 nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Absolute Strategies' Risk Adjusted Performance of (0.09), standard deviation of 0.4718, and Mean Deviation of 0.3488 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.
Absolute |
Sharpe Ratio = -0.1084
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ASFIX |
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 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, 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.
Price Boundaries
Absolute Strategies Period Price Range
Low | November 30, 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 November 30, 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 | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.66) |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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