Absolute Convertible Arbitrage Fund Manager Performance Evaluation
| ARBIX Fund | USD 11.54 0.01 0.09% |
The fund shows a Beta (market volatility) of 0.0151, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Absolute Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Absolute Convertible is expected to be smaller as well.
Risk-Adjusted Performance
47 of 100
Weak | Strong |
Excellent
Compared to the overall equity markets, risk-adjusted returns on investments in Absolute Convertible Arbitrage are ranked lower than 47 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Absolute Convertible is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | Good news for the town centre Binns is staying - The Northern Echo | 10/25/2024 |
| Expense Ratio Date | 1st of August 2022 | |
| Expense Ratio | 1.3500 |
Absolute |
Absolute Convertible Relative Risk vs. Return Landscape
If you would invest 1,132 in Absolute Convertible Arbitrage on September 3, 2024 and sell it today you would earn a total of 22.00 from holding Absolute Convertible Arbitrage or generate 1.94% return on investment over 90 days. Absolute Convertible Arbitrage is currently producing 0.0301% returns and takes up 0.0499% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Absolute, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Absolute Convertible Current Valuation
Fairly Valued
Today
Please note that Absolute Convertible's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Absolute Convertible shows a prevailing Real Value of $11.51 per share. The current price of the fund is $11.54. We determine the value of Absolute Convertible from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Absolute Convertible is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Absolute Mutual Fund. However, Absolute Convertible's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 11.54 | Real 11.51 | Hype 11.54 | Naive 11.54 |
The intrinsic value of Absolute Convertible's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Absolute Convertible's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Absolute Convertible Arbitrage helps investors to forecast how Absolute mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Absolute Convertible more accurately as focusing exclusively on Absolute Convertible's fundamentals will not take into account other important factors: Absolute Convertible Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Convertible's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Absolute Convertible Arbitrage, and traders can use it to determine the average amount a Absolute Convertible'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 = 0.6036
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| ARBIX |
Based on monthly moving average Absolute Convertible is performing at about 47% 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 Convertible by adding it to a well-diversified portfolio.
Absolute Convertible Fundamentals Growth
Absolute Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Absolute Convertible, and Absolute Convertible 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 Mutual Fund performance.
| Total Asset | 822.96 M | |||
About Absolute Convertible Performance
Evaluating Absolute Convertible's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Absolute Convertible has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Absolute Convertible has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests primarily in a diversified portfolio of convertible securities issued by both U.S. and foreign companies. These convertible securities are typically debt securities or preferred stocks that can be exchanged for, or convert automatically to, common stock.Things to note about Absolute Convertible performance evaluation
Checking the ongoing alerts about Absolute Convertible for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Absolute Convertible help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Absolute is showing solid risk-adjusted performance over 90 days | |
| The fund holds about 36.68% of its assets under management (AUM) in cash |
- Analyzing Absolute Convertible's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Absolute Convertible's stock is overvalued or undervalued compared to its peers.
- Examining Absolute Convertible's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Absolute Convertible's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Absolute Convertible's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Absolute Convertible's mutual fund. These opinions can provide insight into Absolute Convertible's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Absolute Mutual Fund
Absolute Convertible 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 Convertible security.
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