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ABEQ - AI Analysis
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Absolute Core Strategy ETF (ABEQ)
Rating:64Neutral
Price Target:
$38.00
Positive Factors
Strong Top Holdings
Several key holdings, such as Loews and Agnico Eagle, have delivered strong year-to-date performance, supporting the ETF's overall returns.
Sector Diversification
The ETF invests across multiple sectors, including financials, materials, and consumer defensive, reducing reliance on any single industry.
Healthy Year-to-Date Performance
The fund has achieved positive year-to-date performance, indicating resilience in its portfolio.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio, which could eat into investor returns over time.
Over-Concentration in U.S. Market
With nearly 88% exposure to U.S. companies, the fund lacks significant global diversification.
Underperforming Holding
Oneok, a top holding, has experienced negative year-to-date performance, which may drag on the fund's overall results.
ABEQ vs. SPDR S&P 500 ETF (SPY)
AUM115.24M
RegionNorth America
Expense Ratio0.85%
Beta0.36
IssuerAbsolute
Inception DateJan 21, 2020
Dividend Yield1.47%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume10,766
30 Day Avg. Volume10,186
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
41.24Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering28
ABEQ Summary
The Absolute Core Strategy ETF (ABEQ) is an investment fund that focuses on value investing, meaning it targets companies that appear to be undervalued compared to their true worth. It includes a mix of small, mid, and large-sized companies across various industries, such as financials, materials, and consumer defensive. Some well-known companies in the fund are Berkshire Hathaway and Unilever. ABEQ could be a good choice for investors looking for diversification and potential long-term growth by investing in undervalued stocks. However, new investors should know that its performance depends on the broader market and the success of value-focused strategies, which can be unpredictable.
How much will it cost me?The Absolute Core Strategy ETF (ABEQ) has an expense ratio of 0.85%, meaning you’ll pay $8.50 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on identifying undervalued companies across the market spectrum.
What would affect this ETF?The Absolute Core Strategy ETF (ABEQ), with its focus on undervalued companies across sectors like financials, materials, and consumer defensive, could benefit from stable economic growth and increased investor interest in value investing during uncertain market conditions. However, it may face challenges if interest rates rise, as this could pressure valuations in sectors like financials and energy, or if economic slowdowns negatively impact cyclical sectors such as materials and industrials. Its U.S.-centric exposure also makes it sensitive to domestic economic and regulatory changes.
ABEQ Top 10 Holdings
The Absolute Core Strategy ETF (ABEQ) leans heavily into value investing, with a notable concentration in financials and materials. Berkshire Hathaway and Loews are steady performers, providing stability and driving the fund’s overall momentum. Agnico Eagle shines with rising gains, bolstered by strong growth projects, while Franco-Nevada’s mixed signals reflect its premium valuation despite solid fundamentals. On the weaker side, Oneok is dragging the fund with bearish momentum, and Enbridge’s regulatory risks add further headwinds. With its U.S.-focused portfolio, ABEQ balances resilience and growth but faces challenges from select lagging names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Berkshire Hathaway B | 10.66% | $12.57M | $1.03T | 5.62% | 69 Neutral | |
| Loews | 7.26% | $8.55M | $20.65B | 25.60% | 64 Neutral | |
| Franco-Nevada | 6.25% | $7.37M | $36.01B | 41.70% | 74 Outperform | |
| Agnico Eagle | 6.21% | $7.32M | $80.82B | 87.42% | 80 Outperform | |
| Unilever | 5.96% | $7.03M | $147.80B | -1.84% | 73 Outperform | |
| Medtronic | 4.26% | $5.03M | $116.34B | 0.70% | 71 Outperform | |
| Enbridge | 3.89% | $4.59M | $101.70B | 15.34% | 70 Outperform | |
| Travelers Companies | 3.71% | $4.37M | $59.92B | 9.36% | 78 Outperform | |
| Oneok | 3.65% | $4.31M | $42.16B | -28.23% | 74 Outperform | |
| The Hershey Company | 2.98% | $3.51M | $34.40B | -5.37% | 65 Neutral |
ABEQ Technical Analysis
Negative
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Price Trends
35.51
Negative
34.95
Negative
34.06
Positive
Market Momentum
-0.24
Positive
32.85
Neutral
14.60
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ABEQ, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 35.26, equal to the 50-day MA of 35.51, and equal to the 200-day MA of 34.06, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 32.85 is Neutral, neither overbought nor oversold. The STOCH value of 14.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ABEQ.
ABEQ Peer Comparison
Comparison Results
Performance Comparison
ABEQ
Absolute Core Strategy ETF
34.62
2.73
8.56%
VFVA
Vanguard U.S. Value Factor ETF
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LSVD
LSV Disciplined Value ETF
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QVAL
Alpha Architect U.S. Quantitative Value ETF
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AIVL
WisdomTree U.S. AI Enhanced Value Fund
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BUSA
Brandes U.S. Value ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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