Optimum Fixed Three Year Return vs. Net Asset

OAFIX
 Fund
  

USD 8.16  0.10  1.24%   

For Optimum Fixed profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Optimum Fixed to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Optimum Fixed Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Optimum Fixed's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Optimum Fixed Income over time as well as its relative position and ranking within its peers. Please check Your Equity Center.
  
Please note, there is a significant difference between Optimum Fixed's value and its price as these two are different measures arrived at by different means. Investors typically determine Optimum Fixed value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optimum Fixed'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.

Optimum Fixed Income Net Asset vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Optimum Fixed's current stock value. Our valuation model uses many indicators to compare Optimum Fixed value to that of its competitors to determine the firm's financial worth.
Optimum Fixed Income is number one fund in three year return among similar funds. It is number one fund in net asset among similar funds making up about  719,714,964  of Net Asset per Three Year Return. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Optimum Fixed by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Optimum Fixed's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Optimum Fixed's earnings, one of the primary drivers of an investment's value.

Optimum Net Asset vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Optimum Fixed 
Three Year Return 
 = 
(Mean of Monthly Returns - 1) 
X  
100% 
4.21 %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Optimum Fixed 
Net Asset 
 = 
Current Market Value 
Current Liabilities 
3.03 B
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.

Optimum Fixed Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Optimum Fixed, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Optimum Fixed will eventually generate negative long term returns. The profitability progress is the general direction of Optimum Fixed's change in net profit over the period of time. It can combine multiple indicators of Optimum Fixed, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities . Optimum Fixed is traded on NASDAQ Exchange in the United States.

Optimum Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Optimum Fixed. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Optimum Fixed position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Optimum Fixed's important profitability drivers and their relationship over time.

Use Optimum Fixed in pair-trading

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 Optimum Fixed 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 Optimum Fixed will appreciate offsetting losses from the drop in the long position's value.

Optimum Fixed Pair Trading

Optimum Fixed Income Pair Trading Analysis

The ability to find closely correlated positions to Optimum Fixed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optimum Fixed 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 Optimum Fixed - 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 Optimum Fixed Income to buy it.
The correlation of Optimum Fixed is a statistical measure of how it moves in relation to other equities. 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 Optimum Fixed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Optimum Fixed Income 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 Optimum Fixed 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Optimum Fixed position

In addition to having Optimum Fixed in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Data Storage Thematic Idea Now

Data Storage
Data Storage Theme
Companies making data storages or providing data storage services. The Data Storage theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Data Storage Theme or any other thematic opportunities.
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Please check Your Equity Center. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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To fully project Optimum Fixed's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Optimum Fixed Income at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Optimum Fixed's income statement, its balance sheet, and the statement of cash flows.
Potential Optimum Fixed investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Optimum Fixed investors may work on each financial statement separately, they are all related. The changes in Optimum Fixed's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Optimum Fixed's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.