Absolute Stock Performance

ABST
 Stock
  

USD 10.15  0.05  0.49%   

The firm shows a Beta (market volatility) of 1.2638, which signifies a somewhat significant risk relative to the market. Let's try to break down what Absolute's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Absolute Software will likely underperform. Even though it is essential to pay attention to Absolute Software historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Absolute Software Cp exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Absolute Software has an expected return of -0.17%. Please be advised to confirm Absolute Software maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to decide if Absolute Software performance from the past will be repeated at some point in the near future.
  
Absolute Performance
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Over the last 90 days Absolute Software Cp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0247
Last Split Factor
2:1
Forward Annual Dividend Rate
0.24
Dividend Date
2022-11-25
Ex Dividend Date
2022-11-16
Last Split Date
2008-01-02

Absolute Price Channel

Quick Ratio0.68
Fifty Two Week Low6.79
Target High Price17.00
Fifty Two Week High12.59
Target Low Price14.00
Trailing Annual Dividend Yield2.78%

Absolute Software Relative Risk vs. Return Landscape

If you would invest  1,178  in Absolute Software Cp on August 28, 2022 and sell it today you would lose (163.00)  from holding Absolute Software Cp or give up 13.84% of portfolio value over 90 days. Absolute Software Cp is currently does not generate positive expected returns and assumes 3.5745% risk (volatility on return distribution) over the 90 days horizon. In different words, 31% of stocks are less volatile than Absolute, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Absolute Software is expected to under-perform the market. In addition to that, the company is 2.6 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.08 per unit of volatility.

Absolute Software Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Software's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Absolute Software Cp, and traders can use it to determine the average amount a Absolute Software'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 = -0.0468

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Negative ReturnsABST
Estimated Market Risk
 3.57
  actual daily
 
 31 %
of total potential
 
3131
Expected Return
 -0.17
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.05
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Absolute Software is performing at about 0% 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 Software by adding it to a well-diversified portfolio.

About Absolute Software Performance

To evaluate Absolute Software Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Absolute Software generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Absolute Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Absolute Software market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Absolute's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. Absolute Software Corporation was incorporated in 1993 and is headquartered in Vancouver, Canada. Absolute Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange.

Things to note about Absolute Software

Checking the ongoing alerts about Absolute Software for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Absolute Software help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Absolute Software Alerts

Equity Alerts and Improvement Suggestions

Absolute Software generated a negative expected return over the last 90 days
Absolute Software has high historical volatility and very poor performance
Absolute Software has high likelihood to experience some financial distress in the next 2 years
The company currently holds 277.14 M in liabilities. Absolute Software has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Absolute Software until it has trouble settling it off, either with new capital or with free cash flow. So, Absolute Software's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Absolute Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Absolute to invest in growth at high rates of return. When we think about Absolute Software's use of debt, we should always consider it together with cash and equity.
The entity reported the previous year's revenue of 197.31 M. Net Loss for the year was (24.48 M) with profit before overhead, payroll, taxes, and interest of 160.54 M.
About 73.0% of the company shares are held by institutions such as insurance companies
On 25th of November 2022 Absolute Software paid $ 0.058 per share dividend to its current shareholders
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When running Absolute Software price analysis, check to measure Absolute Software'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 Software is operating at the current time. Most of Absolute Software's value examination focuses on studying past and present price action to predict the probability of Absolute Software's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Absolute Software's price. Additionally, you may evaluate how the addition of Absolute Software to your portfolios can decrease your overall portfolio volatility.
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Is Absolute Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Absolute Software. If investors know Absolute will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Absolute Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.20) 
Market Capitalization
531.8 M
Quarterly Revenue Growth YOY
0.22
Return On Assets
(0.0006) 
Return On Equity
(4.00) 
The market value of Absolute Software 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 Software's value that differs from its market value or its book value, called intrinsic value, which is Absolute Software'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 Software's market value can be influenced by many factors that don't directly affect Absolute Software'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 Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Absolute Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Software'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.