361 Domestic Longshort Fund Quote
ADMQX Fund | USD 7.94 0.03 0.38% |
Performance19 of 100
| Odds Of DistressLess than 32
|
361 Domestic is trading at 7.94 as of the 28th of March 2024; that is -0.38 percent decrease since the beginning of the trading day. The fund's open price was 7.97. 361 Domestic has about a 32 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for 361 Domestic Longshort are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Under normal circumstances, the sub-adviser invests at least 80 percent of the funds net assets in equity securities. The sub-adviser invest principally in equity securities such as common stocks, warrants and rights of U.S. issuers of any market capitalization. More on 361 Domestic Longshort
Moving together with 361 Mutual Fund
0.64 | USG | USCF Gold Strategy Symbol Change | PairCorr |
1.0 | ADMZX | 361 Domestic Longshort | PairCorr |
0.93 | AGAZX | 361 Global Longshort | PairCorr |
0.78 | NLSCX | Neuberger Berman Long | PairCorr |
0.8 | NLSAX | Neuberger Berman Long | PairCorr |
0.81 | NLSIX | Neuberger Berman Long | PairCorr |
0.94 | QLERX | Aqr Long-short Equity | PairCorr |
Moving against 361 Mutual Fund
0.7 | GABFX | Gmo Asset Allocation | PairCorr |
361 Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 361 Domestic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 361 Domestic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | 361 Funds, Large Funds, Long-Short Equity Funds, Long-Short Equity, 361 Funds (View all Sectors) |
Update Date | 31st of March 2024 |
Expense Ratio Date | 1st of March 2022 |
Fiscal Year End | October |
361 Domestic Longshort [ADMQX] is traded in USA and was established 28th of March 2024. 361 Domestic is listed under 361 Funds category by Fama And French industry classification. The fund is listed under Long-Short Equity category and is part of 361 Funds family. This fund presently has accumulated 5.34 M in assets under management (AUM) with no minimum investment requirements361 Domestic Longshort is currently producing year-to-date (YTD) return of 7.85%, while the total return for the last 3 years was 9.96%.
Check 361 Domestic Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on 361 Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding 361 Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as 361 Domestic Longshort Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top 361 Domestic Longshort Mutual Fund Constituents
CSCO | Cisco Systems | Stock | Information Technology |
FRC | FIRST REP BK | Stock | Financials |
NRZ | New Residential Investment | Stock | REIT—Mortgage |
AGR | Avangrid | Stock | Utilities |
MO | Altria Group | Stock | Consumer Staples |
PNW | Pinnacle West Capital | Stock | Utilities |
ACN | Accenture Plc | Stock | Information Technology |
361 Domestic Target Price Odds Analysis
Based on a normal probability distribution, the odds of 361 Domestic jumping above the current price in 90 days from now is about 6.68%. The 361 Domestic Longshort probability density function shows the probability of 361 Domestic mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon 361 Domestic has a beta of 0.459. This suggests as returns on the market go up, 361 Domestic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding 361 Domestic Longshort will be expected to be much smaller as well. Additionally, 361 Domestic Longshort has an alpha of 0.0469, implying that it can generate a 0.0469 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of 361 Domestic to move above the current price in 90 days from now is about 6.68 (This 361 Domestic Longshort probability density function shows the probability of 361 Mutual Fund to fall within a particular range of prices over 90 days) .
361 Domestic Longshort Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. 361 Domestic market risk premium is the additional return an investor will receive from holding 361 Domestic long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in 361 Domestic. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although 361 Domestic's alpha and beta are two of the key measurements used to evaluate 361 Domestic's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.3483 | |||
Semi Deviation | 0.2106 | |||
Standard Deviation | 0.46 | |||
Variance | 0.2116 |
361 Domestic Against Markets
Picking the right benchmark for 361 Domestic mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 361 Domestic mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 361 Domestic is critical whether you are bullish or bearish towards 361 Domestic Longshort at a given time. Please also check how 361 Domestic's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in 361 Domestic without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy 361 Mutual Fund?
Before investing in 361 Domestic, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in 361 Domestic. To buy 361 Domestic fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of 361 Domestic. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase 361 Domestic fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located 361 Domestic Longshort fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased 361 Domestic Longshort fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as 361 Domestic Longshort, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in 361 Domestic Longshort?
The danger of trading 361 Domestic Longshort is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 361 Domestic is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 361 Domestic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 361 Domestic Longshort is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 361 Domestic Longshort. 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 producer price index. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for 361 Mutual Fund analysis
When running 361 Domestic's price analysis, check to measure 361 Domestic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 361 Domestic is operating at the current time. Most of 361 Domestic's value examination focuses on studying past and present price action to predict the probability of 361 Domestic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 361 Domestic's price. Additionally, you may evaluate how the addition of 361 Domestic to your portfolios can decrease your overall portfolio volatility.
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