Absolute Etf Profile

ABEQ
 Etf
  

USD 28.03  0.02  0.07%   

Market Performance
5 of 100
Odds Of Distress
Less than 38
Absolute Core is selling at 28.03 as of the 7th of December 2022; that is 0.07 percent up since the beginning of the trading day. The etf's last reported lowest price was 27.98. Absolute Core has about a 38 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Absolute Core Strategy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of December 2020 and ending today, the 7th of December 2022. Click here to learn more.
The funds investment sub-adviser , seeks to achieve its objective by investing primarily in equity securities of U.S. companies that the Subadviser believes are priced at a substantial discount to the Subadvisers estimate of fair value. Absolute Core is traded on NYSEARCA Exchange in the United States.. More on Absolute Core Strategy

Moving together with Absolute Core

+0.99VYMVanguard High Dividend Sell-off TrendPairCorr
+0.98IWDIShares Russell 1000 Sell-off TrendPairCorr
+0.99SPYVSPDR Portfolio SP Sell-off TrendPairCorr
+0.96IBMInternational Business Sell-off TrendPairCorr

Absolute Core Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Absolute Core's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Absolute Core or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Absolute Core's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
IssuerAbsolute Investment Advisers
Inception Date2020-01-21
Entity TypeRegulated Investment Company
Asset Under Management85.12 Million
Asset TypeEquity
CategoryBroad Equity
FocusBroad Equity
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorUltimus Fund Solutions, LLC
AdvisorAbsolute Investment Advisers LLC
CustodianBrown Brothers Harriman & Co.
DistributorNorthern Lights Distributors, LLC
Portfolio ManagerRobert J. Mark
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End31-Mar
ExchangeNYSE Arca, Inc.
Number of Constituents26.0
Market MakerGTS
Total Expense1.24
Management Fee0.85
Nav Price26.69
Two Hundred Day Average27.73
Ytd-6.33%
Average Daily Volume In Three Month14.56k
Fifty Two Week Low24.86
As Of Date25th of October 2022
Average Daily Volume Last 10 Day10.27k
Fifty Two Week High31.0
One Month4.86%
Fifty Day Average26.46
Three Month-0.86%
Absolute Core Strategy [ABEQ] is traded in USA and was established 2020-01-21. The fund is listed under Large Value category and is part of Absolute Investment Advisers family. Absolute Core Strategy presently have 71.61 M in assets under management (AUM). , while the total return for the last year was -4.29%.
Check Absolute Core Probability Of Bankruptcy

Geographic 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 Absolute Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Absolute Etf, 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 Absolute Core Strategy Etf, 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 Absolute Core Strategy Etf Constituents

Absolute Core Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of Absolute Core jumping above the current price in 90 days from now is about 9.07%. The Absolute Core Strategy probability density function shows the probability of Absolute Core etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Absolute Core has a beta of 0.6964. This suggests as returns on the market go up, Absolute Core average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Absolute Core Strategy will be expected to be much smaller as well. Additionally, the company has an alpha of 0.041, implying that it can generate a 0.041 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 28.03HorizonTargetOdds Above 28.03
90.80%90 days
 28.03 
9.07%
Based on a normal probability distribution, the odds of Absolute Core to move above the current price in 90 days from now is about 9.07 (This Absolute Core Strategy probability density function shows the probability of Absolute Etf to fall within a particular range of prices over 90 days) .

Absolute Core Major Institutional Holders

Institutional Holdings refers to the ownership stake in Absolute Core that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Absolute Core's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Absolute Core's value.
InstituionSecurity TypeTotal SharesValue
Wells Fargo CompanyFund Units1.4 K37 K
View Absolute Core Diagnostics

Absolute Core Strategy Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Absolute Core market risk premium is the additional return an investor will receive from holding Absolute Core 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 Absolute Core. 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 Absolute Core's alpha and beta are two of the key measurements used to evaluate Absolute Core's performance over the market, the standard measures of volatility play an important role as well.

Absolute Core Against Markets

Picking the right benchmark for Absolute Core etf 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 Absolute Core etf 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 Absolute Core is critical whether you are bullish or bearish towards Absolute Core Strategy at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Absolute Core 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.

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Invested in Absolute Core Strategy?

The danger of trading Absolute Core Strategy is mainly related to its market volatility and ETF 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 Absolute Core 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 Absolute Core. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Absolute Core Strategy 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.
Please continue to Trending Equities. Note that the Absolute Core Strategy information on this page should be used as a complementary analysis to other Absolute Core's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running Absolute Core Strategy price analysis, check to measure Absolute Core'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 Absolute Core is operating at the current time. Most of Absolute Core's value examination focuses on studying past and present price action to predict the probability of Absolute Core's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Absolute Core's price. Additionally, you may evaluate how the addition of Absolute Core to your portfolios can decrease your overall portfolio volatility.
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The market value of Absolute Core Strategy is measured differently than its book value, which is the value of Absolute that is recorded on the company's balance sheet. Investors also form their own opinion of Absolute Core's value that differs from its market value or its book value, called intrinsic value, which is Absolute Core's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Absolute Core's market value can be influenced by many factors that don't directly affect Absolute Core's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Absolute Core's value and its price as these two are different measures arrived at by different means. Investors typically determine Absolute Core value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Core's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.