Absolute Equity Performance Fund Ltd
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Quick analysis of Absolute Equity Performance Fund Ltd (30 sec.)

1. Valuation of Absolute Equity Performance Fund Ltd (5 min.)

Live pricePrice per share (EOD)

A$0.96

Book Value per Share

A$1.00

2. Growth of Absolute Equity Performance Fund Ltd (5 min.)

Is Absolute Equity Performance Fund Ltd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$59.9m	$74.8m	-$10.3m	-16.1%

How much money is Absolute Equity Performance Fund Ltd making?

	Current year	Previous year	Grow	Grow %
Making money	-$5.2m	$1.6m	-$6.8m	?
Net Profit Margin	21.3%	9.5%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Absolute Equity Performance Fund Ltd (5 min.)

4. Comparing to competitors in the Capital Markets industry (5 min.)

Industry Rankings (Capital Markets)

Fundamentals of Absolute Equity Performance Fund Ltd

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is very efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

1.1. Profitability of Absolute Equity Performance Fund Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Absolute Equity Performance Fund Ltd earns for each $1 of revenue.

Above 10% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
A Net Profit Margin of 99.2% means that $0.99 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Absolute Equity Performance Fund Ltd:

The MRQ is 99.2%. The company is making a huge profit. +2
The TTM is 21.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	99.2%	TTM	21.3%	+78.0%
TTM	21.3%	YOY	9.5%	+11.7%
TTM	21.3%	5Y	-30.1%	+51.4%
5Y	-30.1%	10Y	-14.5%	-15.6%

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	99.2%	47.3%	+51.9%
TTM	21.3%	42.0%	-20.7%
YOY	9.5%	42.1%	-32.6%
5Y	-30.1%	28.6%	-58.7%
10Y	-14.5%	26.3%	-40.8%

Measures how much net profit Absolute Equity Performance Fund Ltd earns for each $1 of revenue.

Revenue is the amount of profit Absolute Equity Performance Fund Ltd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Absolute Equity Performance Fund Ltd earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be used to compare companies within the Capital Markets industry.

You typically want a high profit margin. This means that for each $1 in sales, Absolute Equity Performance Fund Ltd makes more profit. This shows the investor how efficiently Absolute Equity Performance Fund Ltd is operating in general and compared to other companies in the same industry. Absolute Equity Performance Fund Ltd operates in the Capital Markets industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Absolute Equity Performance Fund Ltd. If profit margins remain low (compared to the Capital Markets industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Absolute Equity Performance Fund Ltd is 0.99. This means that Absolute Equity Performance Fund Ltd earned $0.99 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Capital Markets industry is 47.3%.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Absolute Equity Performance Fund Ltd with other companies in the same industry (Capital Markets).
Net profit margin should rise over the years.
Can be influenced when Absolute Equity Performance Fund Ltd sells assets (profit will increase while costs remain the same).
It won’t show what part of Absolute Equity Performance Fund Ltd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Absolute Equity Performance Fund Ltd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Absolute Equity Performance Fund Ltd = -13,516
Total revenue MRQ Absolute Equity Performance Fund Ltd = -13,618
$-13,516 / $-13,618 = 0.99 or 99.2%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Absolute Equity Performance Fund Ltd is using its assets to generate profit.

Above 5% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
-5.4% Return on Assets means that Absolute Equity Performance Fund Ltd generated $-0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Absolute Equity Performance Fund Ltd:

The MRQ is -5.4%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -3.1%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-5.4%	TTM	-3.1%	-2.4%
TTM	-3.1%	YOY	0.6%	-3.7%
TTM	-3.1%	5Y	0.0%	-3.1%
5Y	0.0%	10Y	0.1%	0.0%

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	-5.4%	1.5%	-6.9%
TTM	-3.1%	1.0%	-4.1%
YOY	0.6%	0.2%	+0.4%
5Y	0.0%	0.7%	-0.7%
10Y	0.1%	0.9%	-0.8%

Shows how efficient Absolute Equity Performance Fund Ltd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Absolute Equity Performance Fund Ltd is using its resources to generate profit. If the return on assets (-5.4%) from Absolute Equity Performance Fund Ltd are higher than the Capital Markets mean (1.5%) that means Absolute Equity Performance Fund Ltd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Absolute Equity Performance Fund Ltd is -5.4%. This means the company generated $-0.05 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Capital Markets industry is 1.5%.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Absolute Equity Performance Fund Ltd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Absolute Equity Performance Fund Ltd = -13,516
Total assets MRQ (balance sheet) from Absolute Equity Performance Fund Ltd = 248,265
-13,516 / 248,265 = -0.05 or -5.4%

ROA is an important ratio as it will tell you how effectively Absolute Equity Performance Fund Ltd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Absolute Equity Performance Fund Ltd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
-15.0% Return on Equity means Absolute Equity Performance Fund Ltd generated $-0.15 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Absolute Equity Performance Fund Ltd:

The MRQ is -15.0%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -8.5%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-15.0%	TTM	-8.5%	-6.5%
TTM	-8.5%	YOY	2.2%	-10.7%
TTM	-8.5%	5Y	0.4%	-8.9%
5Y	0.4%	10Y	0.4%	0.0%

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	-15.0%	1.6%	-16.6%
TTM	-8.5%	1.5%	-10.0%
YOY	2.2%	0.4%	+1.8%
5Y	0.4%	0.6%	-0.2%
10Y	0.4%	1.2%	-0.8%

Shows how efficient Absolute Equity Performance Fund Ltd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Capital Markets industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Absolute Equity Performance Fund Ltd is -15.0%. This means Absolute Equity Performance Fund Ltd generated $-0.15 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Capital Markets industry is 1.6%.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if Absolute Equity Performance Fund Ltd existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Absolute Equity Performance Fund Ltd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Absolute Equity Performance Fund Ltd = -13,516
Shareholders equity (balance sheet) MRQ Absolute Equity Performance Fund Ltd = 90,082
-13,516 / 90,082 = -0.15 or -15.0%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Absolute Equity Performance Fund Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Absolute Equity Performance Fund Ltd is operating .

Measures how much profit Absolute Equity Performance Fund Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Absolute Equity Performance Fund Ltd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	-	41.6%	-41.6%
TTM	-	41.6%	-41.6%
YOY	-	34.2%	-34.2%
5Y	-	20.8%	-20.8%
10Y	-	24.6%	-24.6%

Measures how efficient Absolute Equity Performance Fund Ltd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Absolute Equity Performance Fund Ltd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Absolute Equity Performance Fund Ltd is 0.0%. This means that Absolute Equity Performance Fund Ltd earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Capital Markets industry is 41.6%.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Absolute Equity Performance Fund Ltd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Absolute Equity Performance Fund Ltd = -19,721
Total revenue MRQ Absolute Equity Performance Fund Ltd = -13,618
$-19,721 / $-13,618 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Absolute Equity Performance Fund Ltd is keeping operating costs low.

Below 1 is considered healthy (always compare to Capital Markets industry mean).
An Operation Ratio of -0.13 means that the operating costs are $-0.13 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Absolute Equity Performance Fund Ltd:

The MRQ is -0.126.
The TTM is 0.178. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	-0.126	TTM	0.178	-0.304
TTM	0.178	YOY	0.230	-0.052
TTM	0.178	5Y	0.483	-0.305
5Y	0.483	10Y	0.338	+0.145

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	-0.126	0.355	-0.481
TTM	0.178	0.469	-0.291
YOY	0.230	0.566	-0.336
5Y	0.483	0.382	+0.101
10Y	0.338	0.454	-0.116

Measures how efficient Absolute Equity Performance Fund Ltd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Absolute Equity Performance Fund Ltd is -12.6%. This means that Absolute Equity Performance Fund Ltd earned $-0.13 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Capital Markets industry is 0.36.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Absolute Equity Performance Fund Ltd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(1,716 +) \ -13,618 = -0.13

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Absolute Equity Performance Fund Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Absolute Equity Performance Fund Ltd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Capital Markets industry mean).
A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Absolute Equity Performance Fund Ltd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	-	2.139	-2.139
TTM	-	2.172	-2.172
YOY	-	2.734	-2.734
5Y	-	3.459	-3.459
10Y	-	3.782	-3.782

Measures if Absolute Equity Performance Fund Ltd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Capital Markets industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Absolute Equity Performance Fund Ltd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Absolute Equity Performance Fund Ltd is 0.00. This means Absolute Equity Performance Fund Ltd has $0.00 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Capital Markets industry is 2.14.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Absolute Equity Performance Fund Ltd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
\ ) = 0.00

The current ratio measures if Absolute Equity Performance Fund Ltd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Absolute Equity Performance Fund Ltd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Absolute Equity Performance Fund Ltd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Absolute Equity Performance Fund Ltd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Absolute Equity Performance Fund Ltd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Absolute Equity Performance Fund Ltd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	0.060	-0.060
5Y	0.060	10Y	0.042	+0.018

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	-	1.371	-1.371
TTM	-	1.652	-1.652
YOY	-	4.025	-4.025
5Y	0.060	3.614	-3.554
10Y	0.042	4.025	-3.983

Measures if Absolute Equity Performance Fund Ltd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Absolute Equity Performance Fund Ltd can pay off its short term debts. This shows if Absolute Equity Performance Fund Ltd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Absolute Equity Performance Fund Ltd is 0.00. This means that Absolute Equity Performance Fund Ltd can pay off $0.00 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Capital Markets industry is 1.37.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Absolute Equity Performance Fund Ltd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Absolute Equity Performance Fund Ltd: (78,699 + +570) / = 0.00

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Absolute Equity Performance Fund Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Absolute Equity Performance Fund Ltd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Absolute Equity Performance Fund Ltd to Capital Markets industry mean.
A Debt to Asset Ratio of 0.64 means that Absolute Equity Performance Fund Ltd assets are financed with 63.7% credit (debt) and the remaining percentage (100% - 63.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Absolute Equity Performance Fund Ltd:

The MRQ is 0.637. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.656. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.637	TTM	0.656	-0.019
TTM	0.656	YOY	0.699	-0.043
TTM	0.656	5Y	0.695	-0.039
5Y	0.695	10Y	0.627	+0.068

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	0.637	0.103	+0.534
TTM	0.656	0.101	+0.555
YOY	0.699	0.215	+0.484
5Y	0.695	0.246	+0.449
10Y	0.627	0.282	+0.345

Measures how much % of Absolute Equity Performance Fund Ltd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Absolute Equity Performance Fund Ltd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Absolute Equity Performance Fund Ltd to Capital Markets industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Absolute Equity Performance Fund Ltd is 0.64. This means means that Absolute Equity Performance Fund Ltd is financed with 63.7% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Capital Markets industry is 213.9%.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Absolute Equity Performance Fund Ltd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Absolute Equity Performance Fund Ltd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
158,183 \ 248,265 = 63.7% or 0.64.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Absolute Equity Performance Fund Ltd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
A Debt to Equity ratio of 175.6% means that company has $1.76 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Absolute Equity Performance Fund Ltd:

The MRQ is 1.756. The company is just able to pay all its debts with equity.
The TTM is 1.918. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.756	TTM	1.918	-0.162
TTM	1.918	YOY	2.334	-0.417
TTM	1.918	5Y	2.290	-0.372
5Y	2.290	10Y	2.076	+0.214

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	1.756	0.181	+1.575
TTM	1.918	0.181	+1.737
YOY	2.334	0.267	+2.067
5Y	2.290	0.386	+1.904
10Y	2.076	0.414	+1.662

Measures if Absolute Equity Performance Fund Ltd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Absolute Equity Performance Fund Ltd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Absolute Equity Performance Fund Ltd is 1.76. This means that Absolute Equity Performance Fund Ltd can pay off $1.76 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Capital Markets industry is 0.18.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Absolute Equity Performance Fund Ltd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
158,183 \ 90,082 = 1.76 or 175.6%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Absolute Equity Performance Fund Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Absolute Equity Performance Fund Ltd generates.

Above 15 is considered overpriced but always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
A PE ratio of -5.68 means the investor is paying $-5.68 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Absolute Equity Performance Fund Ltd:

The EOD is -6.378. Company is losing money. -2
The MRQ is -5.677. Company is losing money. -2
The TTM is -24.251. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-6.378	MRQ	-5.677	-0.701
MRQ	-5.677	TTM	-24.251	+18.575
TTM	-24.251	YOY	-0.820	-23.432
TTM	-24.251	5Y	2.070	-26.322
5Y	2.070	10Y	58.330	-56.260

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
EOD	-6.378	5.379	-11.757
MRQ	-5.677	8.147	-13.824
TTM	-24.251	7.391	-31.642
YOY	-0.820	1.826	-2.646
5Y	2.070	3.860	-1.790
10Y	58.330	5.105	+53.225

Measures how much money you pay for each share for every $1 in earnings Absolute Equity Performance Fund Ltd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Absolute Equity Performance Fund Ltd to the Capital Markets industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Absolute Equity Performance Fund Ltd is -5.68. This means the investor is paying $-5.68 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Capital Markets industry is 8.15.
What is the trend?
The trend is important because it shows you how Absolute Equity Performance Fund Ltd is performing over time. The most recent quarter might be important if Absolute Equity Performance Fund Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Absolute Equity Performance Fund Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Absolute Equity Performance Fund Ltd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-13,516 \ 90,265 = EPS
PE ratio MRQ = -5.68

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Absolute Equity Performance Fund Ltd.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Absolute Equity Performance Fund Ltd:

The MRQ is 1.334. Seems overpriced? -1
The TTM is -32.466. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	1.334	TTM	-32.466	+33.800
TTM	-32.466	YOY	70.001	-102.467
TTM	-32.466	5Y	0.660	-33.127
5Y	0.660	10Y	42.659	-41.999

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
MRQ	1.334	4.921	-3.587
TTM	-32.466	5.054	-37.520
YOY	70.001	4.316	+65.685
5Y	0.660	14.287	-13.627
10Y	42.659	17.971	+24.688

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Absolute Equity Performance Fund Ltd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Capital Markets industry mean).
A PB ratio of 0.85 means the investor is paying $0.85 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Absolute Equity Performance Fund Ltd:

The EOD is 0.957. Very good. +2
The MRQ is 0.852. Very good. +2
The TTM is 0.873. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.957	MRQ	0.852	+0.105
MRQ	0.852	TTM	0.873	-0.021
TTM	0.873	YOY	1.037	-0.165
TTM	0.873	5Y	0.952	-0.080
5Y	0.952	10Y	0.864	+0.089

Compared to industry (Capital Markets)

Period	Company	Industry (mean)	+/-
EOD	0.957	1.219	-0.262
MRQ	0.852	1.285	-0.433
TTM	0.873	1.259	-0.386
YOY	1.037	1.103	-0.066
5Y	0.952	1.023	-0.071
10Y	0.864	1.023	-0.159

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Absolute Equity Performance Fund Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Absolute Equity Performance Fund Ltd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.149	-0.098	-34%	0.026	-685%	-0.010	-94%	0.050	-400%
Book Value Growth	-	-	0.869	0.906	-4%	0.990	-12%	0.991	-12%	0.996	-13%
Book Value Per Share	-	-	0.998	1.073	-7%	1.184	-16%	1.120	-11%	1.003	-1%
Book Value Per Share Growth	-	-	0.870	0.915	-5%	1.024	-15%	0.994	-12%	0.996	-13%
Current Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Debt To Asset Ratio	-	-	0.637	0.656	-3%	0.699	-9%	0.695	-8%	0.627	+2%
Debt To Equity Ratio	-	-	1.756	1.918	-8%	2.334	-25%	2.290	-23%	2.076	-15%
Dividend Per Share	-	-	0.027	0.027	+0%	0.031	-15%	0.019	+43%	0.013	+105%
Dividend Per Share Growth	-	-	1.001	0.755	+33%	1.555	-36%	1.122	-11%	1.122	-11%
Eps	-	-	-0.150	-0.087	-42%	0.025	-705%	0.014	-1135%	0.012	-1325%
Eps Growth	-	-	-4.256	-1.805	-58%	0.287	-1584%	0.867	-591%	0.965	-541%
Free Cash Flow Per Share	-	-	-0.212	-0.112	-47%	-0.004	-98%	0.003	-6593%	0.001	-16293%
Free Cash Flow Per Share Growth	-	-	-16.782	-7.437	-56%	-1.983	-88%	-0.523	-97%	-0.254	-98%
Free Cash Flow To Equity Per Share	-	-	-0.259	-0.158	-39%	0.001	-44273%	0.018	-1577%	0.010	-2609%
Free Cash Flow To Equity Per Share Growth	-	-	-2.518	-0.424	-83%	-4.964	+97%	-0.160	-94%	0.013	-19521%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	31.742	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-70.743	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.480	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-1.585	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.499	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-9.557	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	9.001	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-22.724	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.992	0.213	+366%	0.095	+941%	-0.301	+130%	-0.145	+115%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	-0.126	0.178	-171%	0.230	-155%	0.483	-126%	0.338	-137%
Pb Ratio	0.957	+11%	0.852	0.873	-2%	1.037	-18%	0.952	-11%	0.864	-1%
Pe Ratio	-6.378	-12%	-5.677	-24.251	+327%	-0.820	-86%	2.070	-374%	58.330	-110%
Peg Ratio	-	-	1.334	-32.466	+2534%	70.001	-98%	0.660	+102%	42.659	-97%
Price Per Share	0.955	+11%	0.850	0.938	-9%	1.223	-31%	1.068	-20%	1.083	-21%
Price To Total Gains Ratio	-7.767	-12%	-6.913	-28.028	+305%	75.463	-109%	53.881	-113%	43.104	-116%
Profit Growth	-	-	-4.248	-1.788	-58%	0.328	-1394%	0.696	-711%	0.840	-605%
Quick Ratio	-	-	-	-	0%	-	0%	0.060	-100%	0.042	-100%
Return On Assets	-	-	-0.054	-0.031	-44%	0.006	-999%	0.000	-30104%	0.001	-9536%
Return On Equity	-	-	-0.150	-0.085	-43%	0.022	-797%	0.004	-4061%	0.004	-3702%
Revenue Growth	-	-	-3.569	-1.147	-68%	0.788	-553%	1.419	-352%	1.352	-364%
Total Gains Per Share	-	-	-0.123	-0.072	-42%	0.057	-317%	0.009	-1491%	0.063	-296%
Total Gains Per Share Growth	-	-	-3.895	-3.201	-18%	4.839	-180%	1.708	-328%	1.619	-341%
Usd Book Value	-	-	59931470.772	64463729.223	-7%	74856097.771	-20%	72835888.897	-18%	64381154.882	-7%
Usd Book Value Change Per Share	-	-	-0.099	-0.065	-34%	0.017	-685%	-0.006	-94%	0.033	-400%
Usd Book Value Per Share	-	-	0.664	0.714	-7%	0.788	-16%	0.745	-11%	0.668	-1%
Usd Dividend Per Share	-	-	0.018	0.018	+0%	0.021	-15%	0.012	+43%	0.009	+105%
Usd Eps	-	-	-0.100	-0.058	-42%	0.016	-705%	0.010	-1135%	0.008	-1325%
Usd Free Cash Flow	-	-	-12724521.147	-6701440.493	-47%	-41132.727	-100%	367165.693	-3566%	194668.086	-6637%
Usd Free Cash Flow Per Share	-	-	-0.141	-0.074	-47%	-0.003	-98%	0.002	-6593%	0.001	-16293%
Usd Free Cash Flow To Equity Per Share	-	-	-0.172	-0.105	-39%	0.000	-44273%	0.012	-1577%	0.007	-2609%
Usd Price Per Share	0.635	+11%	0.566	0.624	-9%	0.814	-31%	0.710	-20%	0.720	-21%
Usd Profit	-	-	-8992088.352	-5215622.677	-42%	1639357.746	-649%	467852.266	-2022%	455425.842	-2074%
Usd Revenue	-	-	-9060155.195	-3260771.687	-64%	5573018.621	-263%	3224957.815	-381%	2824676.460	-421%
Usd Total Gains Per Share	-	-	-0.082	-0.048	-42%	0.038	-317%	0.006	-1491%	0.042	-296%
	EOD	+2 -3	MRQ	TTM	+10 -29	YOY	+9 -30	5Y	+9 -31	10Y	+9 -31

4.2. Fundamental Score

Let's check the fundamental score of Absolute Equity Performance Fund Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-6.378
Price to Book Ratio (EOD)	Between	0-1	0.957
Net Profit Margin (MRQ)	Greater than	0	0.992
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.000
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.637
Debt to Equity Ratio (MRQ)	Less than	1	1.756
Return on Equity (MRQ)	Greater than	0.15	-0.150
Return on Assets (MRQ)	Greater than	0.05	-0.054
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Absolute Equity Performance Fund Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	51.506
Ma 20	Greater than	Ma 50	0.955
Ma 50	Greater than	Ma 100	0.955
Ma 100	Greater than	Ma 200	0.913
Open	Greater than	Close	0.955
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2020-09-30		2020-12-31		2021-06-30		2021-12-31		2022-06-30
Total Revenue		10,512	1,113	11,626	-8,633	2,992	824	3,816	-17,434	-13,618

Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in AUD. All numbers in thousands.

Summary

Total Assets	248,265
Total Liabilities	158,183
Total Stockholder Equity	90,082

	As reported
Total Liabilities	158,183
Total Stockholder Equity	+ 90,082
Total Assets	= 248,265

Assets

Total Assets	248,265
Total Current Assets	-
Long-term Assets	-

Total Current Assets

Total Current Assets (as reported)	0
Cash And Cash Equivalents	78,699
Net Receivables	570
Total Current Assets (calculated)	79,269
+/-	79,269

Long-term Assets

Long-term Assets (as reported)	0
Long Term Investments	163,542
Long-term Assets (calculated)	163,542
+/-	163,542

Liabilities & Shareholders' Equity

Total Current Liabilities	-
Long-term Liabilities	-
Total Stockholder Equity	90,082

Total Current Liabilities

Total Current Liabilities (as reported)	0
Accounts payable	2,578
Total Current Liabilities (calculated)	2,578
+/-	2,578

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long term Debt Total	155,501
Long-term Liabilities (calculated)	155,501
+/-	155,501

Total Stockholder Equity

Total Stockholder Equity (as reported)	90,082
Common Stock	97,660
Retained Earnings	-44,321
Accumulated Other Comprehensive Income	36,743
Total Stockholder Equity (calculated)	90,082
+/-	0

Other

Capital Stock	97,660
Cash And Equivalents	78,699
Cash and Short Term Investments	78,699
Common Stock Shares Outstanding	90,265
Liabilities and Stockholders Equity	248,265
Net Debt	-78,699

Balance Sheet

Currency in AUD. All numbers in thousands.

Trend

2022-06-30

2021-12-31

2021-06-30

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-06-30

2019-03-31

2018-12-31

2018-06-30

2018-03-31

2017-12-31

2017-06-30

2017-03-31

2016-12-31

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2012-06-30

2012-03-31

2011-12-31

2011-09-30

> Total Assets

3,000
3,000
2,000
2,000
0
0
0
0
0
0
335,860
0
0
347,596
0
0
410,325
360,756
0
353,101
391,942
0
400,096
0
382,040
344,057
319,324
248,265

248,265

319,324

344,057

382,040

400,096

391,942

353,101

360,756

410,325

347,596

335,860

2,000

3,000

> Total Current Assets

2,000
2,000
2,000
2,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,000

Cash And Cash Equivalents

2,000
2,000
1,000
1,000
0
0
0
0
0
0
101,496
0
0
95,921
0
0
115,686
108,782
0
96,796
107,526
0
118,093
0
117,197
102,100
96,914
78,699

78,699

96,914

102,100

117,197

118,093

107,526

96,796

108,782

115,686

95,921

101,496

1,000

2,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
227,379
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

227,379

Net Receivables

0
0
0
0
0
0
0
0
0
0
3,364
0
0
914
0
0
1,453
550
0
1,814
327
0
2,510
0
345
1,151
167
570

570

167

1,151

345

2,510

327

1,814

550

1,453

914

3,364

> Long-term Assets

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
237,739
0
0
258,721
0
0
240,805
0
163,542

163,542

240,805

258,721

237,739

Other Assets

0
0
0
0
0
0
0
0
0
0
335,860
0
0
347,596
0
0
410,325
11,222
0
353,101
16,181
0
400,096
0
0
344,057
0
248,265

248,265

344,057

400,096

16,181

353,101

11,222

410,325

347,596

335,860

> Total Liabilities

0
0
0
0
0
0
0
0
0
0
236,457
0
0
243,098
0
0
291,163
248,551
0
247,199
277,219
0
286,647
0
267,980
234,020
215,617
158,183

158,183

215,617

234,020

267,980

286,647

277,219

247,199

248,551

291,163

243,098

236,457

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
279,393
0
0
232,345
0
0
0
0
0
0
0
0

232,345

279,393

Short-term Debt

0
0
0
0
0
0
0
0
0
0
230,713
0
0
233,957
0
0
275,432
0
0
231,820
0
0
0
0
0
0
0
0

231,820

275,432

233,957

230,713

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
231,820
0
0
0
0
0
0
0
0

231,820

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,961
0
0
525
0
0
4,890
0
0
904
0
2,578

2,578

904

4,890

525

3,961

> Long-term Liabilities

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
238,517
0
231,820
257,317
0
257,539
0
262,609
230,670
214,083
155,501

155,501

214,083

230,670

262,609

257,539

257,317

231,820

238,517

> Total Stockholder Equity

0
0
0
0
0
0
0
0
0
0
99,403
0
0
104,498
0
0
119,161
112,204
0
105,902
114,723
0
113,449
0
114,059
110,036
103,707
90,082

90,082

103,707

110,036

114,059

113,449

114,723

105,902

112,204

119,161

104,498

99,403

Common Stock

33,000
33,000
32,000
32,000
0
0
0
0
0
0
97,816
0
0
99,370
0
0
109,112
109,403
0
109,525
105,728
0
99,605
0
99,541
99,541
97,769
97,660

97,660

97,769

99,541

99,605

105,728

109,525

109,403

109,112

99,370

97,816

32,000

33,000

Retained Earnings

-31,000
-31,000
-30,000
-30,000
0
0
0
0
0
0
-1,387
0
0
-143
0
0
-143
2,802
0
-12,192
8,995
0
-12,192
0
14,518
-25,683
5,938
-44,321

-44,321

5,938

-25,683

14,518

-12,192

8,995

-12,192

2,802

-143

-1,387

-30,000

-31,000

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
2,974
0
0
5,271
0
0
10,193
0
0
8,569
0
0
26,037
0
0
0
0
0

26,037

8,569

10,193

5,271

2,974

Balance Sheet

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30
Accounts Payable	2,578	904	4,890	525	3,961	3,416	3,343	-	-	-	-	-
Accumulated Other Comprehensive Income	36,743	36,178	26,037	8,569	10,193	5,271	2,974	-	-	-	-	-
Capital Stock	97,660	99,541	99,605	109,525	-	-	-	-	-	-	-	-
Cash	78,699	102,100	118,093	96,796	115,686	95,921	101,496	97,077	1,000	2,000	3,000	1,000
Cash And Equivalents	78,699	102,100	118,093	96,796	115,686	95,921	-	-	-	-	-	-
Cash And Short Term Investments	78,699	102,100	118,093	96,796	115,686	95,921	328,874	-	-	-	-	-
Common Stock	97,660	99,541	99,605	109,525	109,112	99,370	97,816	98,074	32,000	32,000	32,000	32,000
Common Stock Shares Outstanding	101,457	101,457	97,141	101,457	98,062	92,212	63,024	90,909	-	-	-	-
Common Stock Total Equity	-	-	99,605	109,525	109,112	99,370	97,816	98,074	-	-	-	-
Liabilities And Stockholders Equity	248,265	344,057	400,096	353,101	410,325	347,596	335,860	-	-	-	-	-
Long Term Debt	155,501	230,670	257,539	231,820	275,432	233,957	230,713	-	-	-	-	-
Long Term Debt Total	155,501	230,670	257,539	231,820	275,432	233,957	230,713	-	-	-	-	-
Long Term Investments	163,542	240,805	258,721	237,739	282,441	243,523	227,379	-	-	-	-	-
Net Debt	-78,699	-102,100	-118,093	135,024	159,746	138,036	129,218	-97,077	-	-	-	-
Net Invested Capital	-	-	-	337,722	394,593	338,454	-	-	-	-	-	-
Net Receivables	570	1,151	2,510	1,814	1,453	914	3,364	172	-	-	-	-
Other Assets	248,265	344,057	400,096	353,101	410,325	347,596	335,860	98,074	-	-	-	-
Other Stockholder Equity	-	-	26,037	8,569	10,193	5,271	2,974	-	-	-	-	-
Retained Earnings	-44,321	-25,683	-12,192	-12,192	-143	-143	-1,387	-	-30,000	-30,000	-30,000	-30,000
Short Long Term Debt	-	-	-	231,820	275,432	233,957	230,713	-	-	-	-	-
Short Long Term Debt Total	-	230,670	257,539	231,820	275,432	233,957	230,713	-	-	-	-	-
Short Term Debt	0	0	0	231,820	275,432	233,957	230,713	-	-	-	-	-
Short Term Investments	-	-	-	-	-	-	227,379	-	-	-	-	1,000
Total Assets	248,265	344,057	400,096	353,101	410,325	347,596	335,860	98,074	2,000	2,000	3,000	2,000
Total Current Assets	-	-	-	-	-	-	-	-	2,000	2,000	3,000	2,000
Total Current Liabilities	-	-	-	232,345	279,393	-	-	-	-	-	-	-
Total Liab	158,183	234,020	286,647	247,199	291,163	243,098	236,457	-	-	-	-	-
Total Stockholder Equity	90,082	110,036	113,449	105,902	119,161	104,498	99,403	98,074	-	-	-	-

	2022-06-30	2021-12-31	2021-06-30	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-06-30	2019-03-31	2018-12-31	2018-06-30	2018-03-31	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30
Accounts Payable	2,578	-	904	-	-	4,890	-	-	525	-	-	3,961	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	36,743	-	36,178	-	-	26,037	-	-	8,569	-	-	10,193	-	-	5,271	-	-	2,974	-	-	-	-	-	-	-	-	-	-
Capital Stock	97,660	-	99,541	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	78,699	96,914	102,100	117,197	-	118,093	-	107,526	96,796	-	108,782	115,686	-	-	95,921	-	-	101,496	-	-	-	-	-	-	1,000	1,000	2,000	2,000
Cash And Equivalents	78,699	96,914	102,100	117,197	-	118,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	78,699	96,914	102,100	117,197	-	118,093	-	107,526	96,796	-	108,782	115,686	-	-	-	-	-	328,874	-	-	-	-	-	-	-	-	-	-
Common Stock	97,660	97,769	99,541	99,541	-	99,605	-	105,728	109,525	-	109,403	109,112	-	-	99,370	-	-	97,816	-	-	-	-	-	-	32,000	32,000	33,000	33,000
Common Stock Shares Outstanding	90,265	90,380	92,096	92,096	101,457	101,457	101,457	101,457	101,457	101,457	101,457	98,062	98,062	98,062	92,212	92,212	92,212	63,024	63,024	63,024	90,909	90,909	90,909	90,909	-	-	-	-
Common Stock Total Equity	-	-	-	-	-	99,605	-	-	109,525	-	-	109,112	-	-	99,370	-	-	97,816	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	248,265	319,324	344,057	382,040	-	400,096	-	-	353,101	-	-	410,325	-	-	347,596	-	-	335,860	-	-	-	-	-	-	-	-	-	-
Long Term Debt	155,501	214,083	230,670	262,609	-	257,539	-	257,317	231,820	-	238,517	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	155,501	214,083	230,670	262,609	-	257,539	-	257,317	231,820	-	238,517	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	163,542	-	240,805	-	-	258,721	-	-	237,739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-78,699	-	-102,100	-	-	-118,093	-	-	135,024	-	-	159,746	-	-	138,036	-	-	129,218	-	-	-	-	-	-	-	-	-	-
Net Receivables	570	167	1,151	345	-	2,510	-	327	1,814	-	550	1,453	-	-	914	-	-	3,364	-	-	-	-	-	-	-	-	-	-
Other Assets	248,265	-	344,057	0	-	400,096	-	16,181	353,101	-	11,222	410,325	-	-	347,596	-	-	335,860	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	-	-	-	-	-	26,037	-	-	8,569	-	-	10,193	-	-	5,271	-	-	2,974	-	-	-	-	-	-	-	-	-	-
Retained Earnings	-44,321	5,938	-25,683	14,518	-	-12,192	-	8,995	-12,192	-	2,802	-143	-	-	-143	-	-	-1,387	-	-	-	-	-	-	-30,000	-30,000	-31,000	-31,000
Short Long Term Debt	-	-	-	-	-	-	-	-	231,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	-	-	230,670	262,609	-	257,539	-	257,317	231,820	-	238,517	275,432	-	-	233,957	-	-	230,713	-	-	-	-	-	-	-	-	-	-
Short Term Debt	0	0	0	0	-	0	-	-	231,820	-	-	275,432	-	-	233,957	-	-	230,713	-	-	-	-	-	-	-	-	-	-
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	227,379	-	-	-	-	-	-	-	-	-	-
Total Assets	248,265	319,324	344,057	382,040	-	400,096	-	391,942	353,101	-	360,756	410,325	-	-	347,596	-	-	335,860	-	-	-	-	-	-	2,000	2,000	3,000	3,000
Total Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	2,000	2,000	2,000
Total Current Liabilities	-	-	-	-	-	-	-	-	232,345	-	-	279,393	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liab	158,183	215,617	234,020	267,980	-	286,647	-	277,219	247,199	-	248,551	291,163	-	-	243,098	-	-	236,457	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	90,082	103,707	110,036	114,059	-	113,449	-	114,723	105,902	-	112,204	119,161	-	-	104,498	-	-	99,403	-	-	-	-	-	-	-	-	-	-

Cash Flow

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30
Begin Period Cash Flow	102,100	118,093	96,796	115,686	95,921	101,496	-	-	-	-	-
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-23,401	-15,993	21,297	-18,890	19,765	-5,575	101,496	-1,000	-1,000	1,000	1,000
Change In Working Capital	-18,897	-10,868	37,589	-14,690	14,642	-7,086	4,659	-	-	-	-
Dividends Paid	2,394	4,789	6,340	4,148	4,557	0	-	-	-	-	-
End Period Cash Flow	78,699	102,100	118,093	96,796	115,686	95,921	101,496	-	-	-	-
Free Cash Flow	-19,126	-11,140	37,570	-14,740	14,580	-7,129	4,630	-	-	-	-
Net Income	-15,679	1,440	23,808	-9,111	9,479	3,541	1,587	-1,000	0	0	-1,000
Other Cashflows From Financing Activities	-	-	37,570	-14,740	14,580	-7,129	4,630	-	-	1,000	1,000
Other Non Cash Items	-	-1,440	-23,808	9,111	-9,479	-3,541	-1,587	-	-	-	-
Sale Purchase Of Stock	-1,881	-64	-9,920	0	9,742	1,554	-3,256	-	-	-	-
Total Cash From Financing Activities	-4,275	-4,853	-16,261	-4,148	5,185	1,554	96,839	-	-1,000	-1,000	-1,000
Total Cash From Operating Activities	-19,126	-11,140	37,570	-14,740	14,580	-7,129	4,630	-	-	-	-
Total Cashflows From Investing Activities	-	-	-	-	-	-	-	-	-	2,000	1,000

	2022-06-30	2021-12-31	2021-06-30	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-06-30	2019-03-31	2018-12-31	2018-06-30	2018-03-31	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-12-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30
Begin Period Cash Flow	-	-	-	29,523	24,199	24,199	24,199	24,199	28,921	28,921	28,921	23,980	23,980	23,980	25,374	25,374	25,374	25,374	25,374	-	-	-	-	-
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-23,401	-5,186	-15,993	-896	5,324	5,324	5,324	5,324	-4,722	-4,722	-4,722	4,941	4,941	4,941	-1,394	-1,394	-1,394	-	-	-	-1,000	-1,000	-1,000	-1,000
Change In Working Capital	-18,897	-890	-10,868	1,688	-	37,589	-	18,509	-14,690	-	-4,646	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	2,394	2,394	4,789	2,394	1,585	1,585	1,585	1,585	1,037	1,037	1,037	1,139	1,139	1,139	-	-	-	-	-	-	-	-	-	-
End Period Cash Flow	-	-	-	-	29,523	29,523	29,523	29,523	24,199	24,199	24,199	28,921	28,921	28,921	23,980	23,980	23,980	25,374	25,374	25,374	-	-	-	-
Free Cash Flow	-	-	-	-	9,392	9,392	9,392	9,392	-3,685	-3,685	-3,685	3,645	3,645	3,645	-1,782	-1,782	-1,782	1,157	1,157	1,157	-	-	-	-
Net Income	-	-	-	-	5,952	5,952	5,952	5,952	-2,278	-2,278	-2,278	2,370	2,370	2,370	885	885	885	397	397	397	0	0	0	0
Other Cashflows From Financing Activities	-	-	-	-	13,458	13,458	13,458	13,458	-2,648	-2,648	-2,648	2,349	2,349	2,349	-2,171	-2,171	-2,171	-23,052	-23,052	-23,052	-	-	-	-
Other Non Cash Items	-	-	-	-	-5,952	-5,952	-5,952	-5,952	2,278	2,278	2,278	-2,370	-2,370	-2,370	-885	-885	-885	-397	-397	-397	-	-	-	-
Sale Purchase Of Stock	-1,881	-1,772	-64	-64	-2,480	-2,480	-2,480	-2,480	-	-	-	9,742	-	9,742	-	-	-	-814	-814	-814	-	-	-	-
Total Cash From Financing Activities	-4,275	-4,167	-4,853	-2,459	9,392	9,392	9,392	9,392	-3,685	-3,685	-3,685	3,645	3,645	3,645	-1,782	-1,782	-1,782	1,157	1,157	1,157	-1,000	-1,000	-1,000	-1,000
Total Cash From Operating Activities	-19,126	-1,020	-11,140	1,562	-	37,570	-	18,490	-14,740	-	-4,663	14,580	-	-5,204	-	-	-	-	-	-	-	-	-	-

Income Statement

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30
Cost Of Revenue	3,555	4,490	8,356	3,449	6,099	4,104	2,218	0	0	0	0
Ebit	-	-	-	-	-	-	-	-1,000	0	0	0
Ebitda	-23,203	845	28,996	-12,054	12,051	3,281	1,174	-	-	-	-
Gross Profit	-13,357	10,127	40,247	1,785	22,765	13,152	7,218	0	0	0	0
Income Before Tax	-23,411	552	28,996	-12,054	12,051	3,281	1,174	-	-	-	-
Income Tax Expense	-7,732	-888	5,188	-2,943	2,572	-260	-413	0	0	0	0
Interest Expense	208	293	0	0	0	0	0	0	0	0	0
Interest Income	45	24	325	1,232	1,071	956	777	-	-	-	-
Net Income	-15,679	1,440	23,808	-9,111	9,479	3,541	1,587	-1,000	0	0	-1,000
Net Income Applicable To Common Shares	-15,679	1,440	23,808	-9,111	9,479	3,541	1,587	-	-	-	-
Net Income From Continuing Ops	-15,679	1,440	23,808	-9,111	9,479	3,541	1,587	-	-	-	-
Net Interest Income	-163	-269	325	1,232	1,071	956	777	-	-	-	-
Operating Income	-23,243	637	29,103	-11,771	12,119	3,347	1,202	-1,000	-1,000	-1,000	-1,000
Selling General Administrative	144	147	146	138	104	134	73	-	-	-	-
Tax Provision	-7,732	-888	5,188	-2,943	2,572	-260	-413	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	-	1,000	0	0	0
Total Revenue	-11,578	12,203	42,050	3,509	24,488	14,657	8,078	0	0	0	0

	2022-06-30	2021-12-31	2021-06-30	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-06-30	2019-03-31	2018-12-31	2018-06-30	2018-03-31	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-12-31
Cost Of Revenue	1,716	1,839	1,222	3,268	-	4,488	-	3,869	1,643	-	1,806	3,951	-	2,148	-	-	-	-	-	-
Ebitda	-	-	-	-	7,249	7,249	7,249	7,249	-3,014	-3,014	-3,014	3,013	3,013	3,013	820	820	820	293	293	293
Gross Profit	-15,334	1,977	1,770	8,357	-	14,587	-	25,661	2,047	-	-262	15,167	-	7,599	-	-	-	-	-	-
Income Before Tax	-19,819	-3,593	-2,988	3,540	7,249	7,249	7,249	7,249	-3,014	-3,014	-3,014	3,013	3,013	3,013	820	820	820	293	293	293
Income Tax Expense	-	-	-	-	1,297	1,297	1,297	1,297	-736	-736	-736	643	643	643	-65	-65	-65	-103	-103	-103
Net Income	-13,516	-2,163	-1,628	3,069	5,952	5,952	5,952	5,952	-2,278	-2,278	-2,278	2,370	2,370	2,370	885	885	885	397	397	397
Net Income Applicable To Common Shares	-13,516	-2,163	-1,628	3,069	-	7,232	-	16,576	-4,395	-	-4,716	7,961	-	1,518	-	-	-	-	-	-
Operating Income	-19,721	-3,522	-2,945	3,582	-	9,432	-	19,671	-4,710	-	-7,061	9,962	-	2,156	-	-	-	-	-	-
Selling General Administrative	55	56	54	77	37	37	37	37	34	34	34	26	26	26	33	33	33	18	18	18
Tax Provision	-6,303	-1,430	-1,360	472	-	2,126	-	3,062	-352	-	-2,591	1,943	-	629	-	-	-	-	-	-
Total Revenue	-13,618	3,816	2,992	11,626	10,512	10,512	10,512	10,512	877	877	877	6,122	6,122	6,122	3,664	3,664	3,664	2,019	2,019	2,019

Latest Income Statement (annual, 2022-06-30)

Gross Profit (+$)
totalRevenue	-11,578
Cost of Revenue	-3,555
Gross Profit	-13,357	-15,133

Operating Income (+$)
Gross Profit	-13,357
Operating Expense	--
Operating Income	-23,243	-13,357

Operating Expense (+$)
Research Development	-
Selling General Administrative	144
Selling And Marketing Expenses	-
Operating Expense	-	144

Net Interest Income (+$)
Interest Income	45
Interest Expense	-208
Other Finance Cost	-0
Net Interest Income	-163

Pretax Income (+$)
Operating Income	-23,243
Net Interest Income	-163
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-23,411	-23,243 EBIT - interestExpense = -208 -23,411 -15,471
Interest Expense	208
Earnings Before Interest and Taxes (EBIT)	-	-23,203
Earnings Before Interest and Taxes (EBITDA)	-23,203

After tax Income (+$)
Income Before Tax	-23,411
Tax Provision	--7,732
Net Income From Continuing Ops	-15,679	-15,679
Net Income	-15,679
Net Income Applicable To Common Shares	-15,679

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	163

Technicals of Absolute Equity Performance Fund Ltd

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Absolute Equity Performance Fund Ltd Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Absolute Equity Performance Fund Ltd:

The Moving Average Convergence/Divergence (MACD) is 0.001. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
The MACD is lower than the signal line. This is a bearish indication. -1

Absolute Equity Performance Fund Ltd Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Absolute Equity Performance Fund Ltd:

The ADX is 23.152. Absent or Weak Trend. -1
The ADX is declining, there is no upcoming trend indication. -1
The +DI is lower than the -DI. The current trend is down. -2

Absolute Equity Performance Fund Ltd Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is higher than the price. The current trend is down. -2

Absolute Equity Performance Fund Ltd Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is above 50. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.