Adirondack Small Cap Fund Price To Sales
| ADKSX Fund | USD 27.02 0.22 0.82% |
Adirondack Small Cap fundamentals help investors to digest information that contributes to Adirondack Small's financial success or failures. It also enables traders to predict the movement of Adirondack Mutual Fund. The fundamental analysis module provides a way to measure Adirondack Small'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 Adirondack Small mutual fund.
Adirondack |
Adirondack Small Cap Mutual Fund Price To Sales Analysis
Adirondack Small's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Adirondack Small Price To Sales | 0.58 X |
Most of Adirondack Small's fundamental indicators, such as Price To Sales, 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, Adirondack Small Cap is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Adirondack Small Cap has a Price To Sales of 0.58 times. This is much higher than that of the Adirondack Funds family and significantly higher than that of the Small Value category. The price to sales for all United States funds is notably lower than that of the firm.
Adirondack Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Adirondack Small's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Adirondack Small could also be used in its relative valuation, which is a method of valuing Adirondack Small by comparing valuation metrics of similar companies.Adirondack Small is rated below average in price to sales among similar funds.
Fund Asset Allocation for Adirondack Small
The fund consists of 98.57% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Adirondack Small's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Adirondack Fundamentals
| Price To Earning | 15.68 X | ||||
| Price To Book | 1.14 X | ||||
| Price To Sales | 0.58 X | ||||
| Year To Date Return | 0.49 % | ||||
| One Year Return | 19.64 % | ||||
| Three Year Return | 6.19 % | ||||
| Five Year Return | 8.85 % | ||||
| Ten Year Return | 4.33 % | ||||
| Net Asset | 34.14 M | ||||
| Minimum Initial Investment | 3 K | ||||
| Last Dividend Paid | 0.02 | ||||
| Cash Position Weight | 1.43 % | ||||
| Equity Positions Weight | 98.57 % |
About Adirondack Small Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Adirondack Small Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Adirondack Small using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Adirondack Small Cap based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Pair Trading with Adirondack Small
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 Adirondack Small 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 Adirondack Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Adirondack Mutual Fund
| 0.89 | VSIIX | Vanguard Small Cap | PairCorr |
| 0.89 | VISVX | Vanguard Small Cap | PairCorr |
| 0.94 | DFSVX | Us Small Cap | PairCorr |
The ability to find closely correlated positions to Adirondack Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adirondack Small 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 Adirondack Small - 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 Adirondack Small Cap to buy it.
The correlation of Adirondack Small 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 Adirondack Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adirondack Small Cap 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 Adirondack Small 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adirondack Small Cap. 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 state. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.