Ab Michigan Portfolio Fund Fundamentals
Ab Michigan Portfolio fundamentals help investors to digest information that contributes to Ab Michigan's financial success or failures. It also enables traders to predict the movement of AMICX Mutual Fund. The fundamental analysis module provides a way to measure Ab Michigan'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 Ab Michigan mutual fund.
AMICX |
Ab Michigan Portfolio Mutual Fund Net Asset Analysis
Ab Michigan's 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.
Current Ab Michigan Net Asset | 36.03 M |
Most of Ab Michigan's fundamental indicators, such as Net Asset, 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, Ab Michigan Portfolio is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the recorded statements, Ab Michigan Portfolio has a Net Asset of 36.03 M. This is 93.21% lower than that of the AllianceBernstein family and significantly higher than that of the Muni Single State Interm category. The net asset for all United States funds is notably lower than that of the firm.
Ab Michigan Portfolio Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ab Michigan's current stock value. Our valuation model uses many indicators to compare Ab Michigan value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ab Michigan competition to find correlations between indicators driving Ab Michigan's intrinsic value. More Info.Ab Michigan Portfolio is rated below average in one year return among similar funds. It is rated below average in three year return among similar funds reporting about 0.79 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for Ab Michigan Portfolio is roughly 1.26 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ab Michigan by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ab Michigan'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 Ab Michigan's earnings, one of the primary drivers of an investment's value.AMICX Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ab Michigan's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Ab Michigan could also be used in its relative valuation, which is a method of valuing Ab Michigan by comparing valuation metrics of similar companies.Ab Michigan is rated below average in net asset among similar funds.
Fund Asset Allocation for Ab Michigan
The fund invests most of its asset under management in bonds or other fixed income securities. .Asset allocation divides Ab Michigan'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.
AMICX Fundamentals
| Total Asset | 36.03 M | |||
| One Year Return | 7.60 % | |||
| Three Year Return | 6.01 % | |||
| Five Year Return | 3.68 % | |||
| Ten Year Return | 3.98 % | |||
| Net Asset | 36.03 M | |||
| Minimum Initial Investment | 2.5 K | |||
| Last Dividend Paid | 0.01 | |||
| Bond Positions Weight | 100.00 % |
Pair Trading with Ab Michigan
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 Ab Michigan 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 Ab Michigan will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Edwards Lifesciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edwards Lifesciences 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 Edwards Lifesciences - 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 Edwards Lifesciences Corp to buy it.
The correlation of Edwards Lifesciences 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 Edwards Lifesciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edwards Lifesciences Corp 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 Edwards Lifesciences 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. 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 main economic indicators. Note that the Ab Michigan Portfolio information on this page should be used as a complementary analysis to other Ab Michigan'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 the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Other Consideration for investing in AMICX Mutual Fund
If you are still planning to invest in Ab Michigan Portfolio check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ab Michigan's history and understand the potential risks before investing.
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