Absolute Convertible Arbitrage Fund Price on February 6, 2023
| ARBOX Fund | USD 11.24 0.01 0.09% |
If you're considering investing in Absolute Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Absolute Convertible stands at 11.24, as last reported on the 23rd of May, with the highest price reaching 11.24 and the lowest price hitting 11.24 during the day. We consider Absolute Convertible very steady. Absolute Convertible secures Sharpe Ratio (or Efficiency) of 0.52, which signifies that the fund had a 0.52% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Absolute Convertible Arbitrage, which you can use to evaluate the volatility of the entity. Please confirm Absolute Convertible's Risk Adjusted Performance of 0.2023, mean deviation of 0.0509, and Standard Deviation of 0.0597 to double-check if the risk estimate we provide is consistent with the expected return of 0.0314%.
Absolute Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Absolute |
Sharpe Ratio = 0.5168
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Based on monthly moving average Absolute Convertible is performing at about 40% 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 Main Headline on 6th of February 2023
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Gym Management Software Market is Expected to Reach USD 27,617.50 million By 2029 openPR
Absolute Convertible Valuation on February 6, 2023
It is possible to determine the worth of Absolute Convertible on a given historical date. On February 6, 2023 Absolute was worth 10.87 at the beginning of the trading date compared to the closed value of 10.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absolute Convertible mutual fund. Still, in general, we apply an absolute valuation method to find Absolute Convertible's 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 Convertible where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absolute Convertible's related companies.
| Open | High | Low | Close | Volume | |
| 10.87 | 10.87 | 10.52 | 10.52 | 1.00 | |
02/06/2023 | 10.87 | 10.87 | 10.52 | 10.52 | 1.00 |
| 10.87 | 10.87 | 10.52 | 10.52 | 1.00 |
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Absolute Convertible Trading Date Momentum on February 6, 2023
| On February 07 2023 Absolute Convertible Arbitrage was traded for 10.52 at the closing time. The highest daily price throughout the period was 10.87 and the lowest price was 10.52 . There was no trading activity during the period 1.0. Lack of trading volume on 02/07/2023 did not affect price variability. The overall trading delta to current closing price is 3.23% . |
Absolute Convertible Fundamentals Correlations and Trends
By evaluating Absolute Convertible's 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 Convertible's 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 Convertible Mutual Fund history
Absolute Convertible 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 Convertible 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 Convertible stock prices may prove useful in developing a viable investing in Absolute Convertible
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.
Absolute Convertible Mutual Fund Technical Analysis
Absolute Convertible 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 Convertible Period Price Range
Low | February 6, 2023
| High |
10.87 | 10.52 |
Absolute Convertible May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Absolute Convertible 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 Convertible shares will generate the highest return on investment. By undertsting and applying Absolute Convertible mutual fund market strength indicators, traders can identify Absolute Convertible Arbitrage entry and exit signals to maximize returns
Absolute Convertible Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absolute Convertible's 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 | 0.2023 | |||
| Jensen Alpha | 0.0185 | |||
| Total Risk Alpha | 0.0129 | |||
| Treynor Ratio | 0.8956 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Absolute Convertible Arbitrage. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.