Ab Ultra Short Etf Fundamentals
| YEAR Etf | USD 50.65 0.01 0.02% |
AB Ultra Short fundamentals help investors to digest information that contributes to AB Ultra's financial success or failures. It also enables traders to predict the movement of YEAR Etf. The fundamental analysis module provides a way to measure AB Ultra's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AB Ultra etf.
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AB Ultra Short ETF One Year Return Analysis
AB Ultra's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current AB Ultra One Year Return | 5.80 % |
Most of AB Ultra's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AB Ultra Short is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, AB Ultra Short has an One Year Return of 5.8%. This is much higher than that of the AllianceBernstein family and significantly higher than that of the Ultrashort Bond category. The one year return for all United States etfs is notably lower than that of the firm.
YEAR One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AB Ultra's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of AB Ultra could also be used in its relative valuation, which is a method of valuing AB Ultra by comparing valuation metrics of similar companies.AB Ultra is currently under evaluation in one year return as compared to similar ETFs.
YEAR Fundamentals
| Total Asset | 149.41 M | |||
| One Year Return | 5.80 % | |||
| Net Asset | 149.41 M |
About AB Ultra Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AB Ultra Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AB Ultra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AB Ultra Short based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
Please read more on our fundamental analysis page.The investment seeks to provide current income, consistent with preservation of capital. Ab Ultra is traded on NYSEARCA Exchange in the United States.
Pair Trading with AB Ultra
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AB Ultra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AB Ultra will appreciate offsetting losses from the drop in the long position's value.Moving together with YEAR Etf
| 0.89 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.9 | SHV | iShares Short Treasury | PairCorr |
| 0.95 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.87 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.92 | ICSH | iShares Ultra Short | PairCorr |
Moving against YEAR Etf
| 0.79 | VIIX | VIIX | PairCorr |
| 0.69 | ULE | ProShares Ultra Euro | PairCorr |
| 0.64 | YCL | ProShares Ultra Yen | PairCorr |
| 0.62 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to AB Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Ultra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AB Ultra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AB Ultra Short to buy it.
The correlation of AB Ultra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AB Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AB Ultra Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AB Ultra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AB Ultra Piotroski F Score and AB Ultra Altman Z Score analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of AB Ultra Short is measured differently than its book value, which is the value of YEAR that is recorded on the company's balance sheet. Investors also form their own opinion of AB Ultra's value that differs from its market value or its book value, called intrinsic value, which is AB Ultra's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AB Ultra's market value can be influenced by many factors that don't directly affect AB Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AB Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if AB Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AB Ultra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.