Absolute Capital Defender Fund Market Value
| ACMDX Fund | USD 11.03 0.02 0.18% |
| Symbol | Absolute |
Absolute Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Absolute Capital's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Absolute Capital.
| 09/17/2024 |
| 12/16/2024 |
If you would invest 0.00 in Absolute Capital on September 17, 2024 and sell it all today you would earn a total of 0.00 from holding Absolute Capital Defender or generate 0.0% return on investment in Absolute Capital over 90 days. Absolute Capital is related to or competes with Qs Growth, T Rowe, T Rowe, Ab Small, Commodities Strategy, L Abbett, and Nasdaq 100. The fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds and closed-end funds in domestic and foreign fixed income securities of any maturity or credit quality equity securities of any market capitalization cash and cash equivalents and exchange traded notes . More
Absolute Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Absolute Capital's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Absolute Capital Defender upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4032 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.95 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.7286 |
Absolute Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Absolute Capital's standard deviation. In reality, there are many statistical measures that can use Absolute Capital historical prices to predict the future Absolute Capital's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | 0.0069 | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1089 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Absolute Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Absolute Capital Defender Backtested Returns
At this stage we consider Absolute Mutual Fund to be very steady. Absolute Capital Defender secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Absolute Capital Defender, which you can use to evaluate the volatility of the entity. Please confirm Absolute Capital's Risk Adjusted Performance of 0.111, downside deviation of 0.4032, and Mean Deviation of 0.3338 to double-check if the risk estimate we provide is consistent with the expected return of 0.0603%. The fund shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Absolute Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Absolute Capital is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Absolute Capital Defender has good predictability. Overlapping area represents the amount of predictability between Absolute Capital time series from 17th of September 2024 to 1st of November 2024 and 1st of November 2024 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Absolute Capital Defender price movement. The serial correlation of 0.69 indicates that around 69.0% of current Absolute Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Absolute Capital Defender lagged returns against current returns
Autocorrelation, which is Absolute Capital mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Absolute Capital's mutual fund expected returns. We can calculate the autocorrelation of Absolute Capital returns to help us make a trade decision. For example, suppose you find that Absolute Capital has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Absolute Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Absolute Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Absolute Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Absolute Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Absolute Capital Lagged Returns
When evaluating Absolute Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Absolute Capital mutual fund have on its future price. Absolute Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Absolute Capital autocorrelation shows the relationship between Absolute Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Absolute Capital Defender.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Absolute Mutual Fund
Absolute Capital 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 Capital security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |