Ab Discovery Competition

Mutual Funds . USA . 
Fund . Ab Discovery Value
ABASX Fund  USD 25.17  0.39  1.57%   
Ab Discovery Value competes with Small Cap, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe; as well as few others. The fund is listed under Small Value category and is part of AllianceBernstein family. Analyzing Ab Discovery competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ab Discovery to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ab Discovery Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Ab Discovery competition on your existing holdings.
  
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
24.0425.1726.30
Details
Intrinsic
Valuation
LowRealHigh
23.6724.8025.93
Details
Naive
Forecast
LowNextHigh
23.4824.6025.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.1124.6925.28
Details

Ab Discovery Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ab Discovery and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of ABASX and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ab Discovery Value does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
RRTLX
+ 0.87
MSTSX
SITKF
+ 0.79
MSTSX
OSHDF
+ 0.78
VIASP
RWAYL
+ 0.75
LBHIX
RRTLX
+ 0.72
LBHIX
RRTLX
+ 0.69
SCRYX
  
High negative correlations   
SITKF
- 0.13
VIASP
VIASP
- 0.11
MSTSX
SITKF
- 0.08
OSHDF
OSHDF
- 0.02
MSTSX
RRTLX
- 0.0
VIASP
RWAYL
- 0.0
AQUI

Risk-Adjusted Indicators

There is a big difference between ABASX Mutual Fund performing well and Ab Discovery Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ab Discovery's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SCRYX  0.98 (0.04) 0.03  0.10  0.90 
(1.13)
 2.39 
(1.69)
 7.88 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
MSTSX  0.48 (0.04)(0.13) 0.06  0.50 
(0.59)
 1.21 
(1.02)
 2.80 
LBHIX  0.11  0.01 (0.41) 0.46  0.00 
(0.29)
 0.24 
(0.24)
 0.96 
VIASP  0.72  0.00 (0.02) 0.00  1.05 
(0.80)
 2.28 
(1.15)
 7.18 
RRTLX  0.24 (0.02)(0.31) 0.05  0.24 
(0.27)
 0.56 
(0.56)
 1.37 
OSHDF  39.65  20.22  0.00 (24.88) 0.00 
 0.00 
 0.00 
 0.00 
 1,329 
70082LAB3  1.00  0.07 (0.04)(0.12) 2.25 
(1.07)
 1.75 
(1.69)
 24.27 
SITKF  5.58  1.06  0.14  3.03  5.02 
(8.21)
 14.29 
(9.09)
 32.64 
RWAYL  0.13  0.03 (0.46) 2.12  0.00 
(0.18)
 0.32 
(0.20)
 1.21 
All Fundamental Data

Ab Discovery Competitive Analysis

The better you understand Ab Discovery competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ab Discovery's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ab Discovery's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ABASX SCRYX AQUI MSTSX LBHIX VIASP RRTLX OSHDF 70082LAB3 SITKF
 1.57 
 25.17 
ABASX
 1.64 
 14.86 
Small
 0.00 
 0.01 
Aquagold
 0.43 
 11.73 
Morningstar
 0.24 
 4.25 
Thrivent
 0.54 
 22.46 
Via
 0.24 
 12.60 
RRTLX
 0.00 
 0.01 
Oshidori
 5.13 
 85.38 
70082LAB3
 8.70 
 0.25 
Sitka
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Out of control
Very steady
Out of control
Market Performance
(90 Days Performance)
OK
OK
Very Weak
Insignificant
Good
OK
Insignificant
OK
Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Average
Low
Low
Average
Low
Above Average
Below Average
Average
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
N/A
3.49
N/A
N/A
N/A
4.24
Net Asset
2.69 B
973.72 M
3.19 K
116.1 M
674.44 M
355.28 M
1.46 B
6.31 B
N/A
13.41 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
0.0094
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
(727.69 K)
N/A
N/A
33.09 M
N/A
(3.49 B)
N/A
(1.57 M)
Price To Book
1.67
N/A
N/A
N/A
1.58
N/A
2.13
0.005
N/A
1.1
Current Valuation
N/A
N/A
912.76 K
N/A
N/A
535.95 M
N/A
103.84 M
N/A
8.05 M
Operating Margin
N/A
N/A
N/A
N/A
N/A
-0.14
N/A
1.04
N/A
N/A
Five Year Return
9.75
10.7
N/A
8.6
3.31
8.97
0.0406
N/A
N/A
N/A
Retained Earnings
N/A
N/A
(4.18 M)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
27.94
31.82
N/A
19.87
11.68
N/A
0.067
N/A
N/A
N/A
Beta
N/A
N/A
7.05
N/A
N/A
1.16
N/A
0.67
N/A
1.45
Cash Position Weight
0.72
1.28
N/A
14.28
6.56
N/A
7.22
N/A
N/A
N/A
Equity Positions Weight
99.28
98.72
N/A
61.63
0.07
N/A
38.52
N/A
N/A
N/A
Number Of Employees
1
1
7
1
1
169
1
31
N/A
1
Shares Outstanding
N/A
N/A
965.83 K
N/A
N/A
N/A
N/A
6.11 B
N/A
159.12 M
Three Year Return
3.26
4.27
N/A
7.0
2.59
N/A
0.0491
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
(218.19 K)
N/A
N/A
12.7 M
N/A
499.26 M
N/A
(1.27 M)
Annual Yield
0.0041
0.0063
N/A
0.021
0.0617
0.0972
0.0211
N/A
N/A
N/A
Total Debt
N/A
N/A
N/A
N/A
N/A
135 M
N/A
N/A
N/A
40 K
Return On Equity
N/A
N/A
N/A
N/A
N/A
0.017
N/A
-0.5
N/A
-0.0611
Bond Positions Weight
N/A
N/A
N/A
22.72
92.23
N/A
14.43
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
1.0
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
-5.5
N/A
N/A
-0.11
N/A
-0.46
N/A
-0.033
Book Value Per Share
N/A
N/A
-1.18
N/A
N/A
3.66
N/A
0.89
N/A
0.1
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
N/A
Current Liabilities
N/A
N/A
794 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
246.13 M
686.96 M
3.19 K
215.11 M
347.66 M
355.28 M
1.03 B
6.31 B
N/A
13.41 M
Last Dividend Paid
0.11
0.06
N/A
N/A
0.02
0.73
0.14
N/A
N/A
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
0.69
N/A
N/A
N/A
0.002
Short Ratio
N/A
N/A
N/A
N/A
N/A
0.7
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.84
N/A
10.92
Market Capitalization
N/A
N/A
96.58 K
50.36 M
N/A
N/A
N/A
233.49 M
N/A
12.62 M
Price To Earning
18.55
N/A
-0.22
N/A
35.48
26.83
18.25
N/A
N/A
N/A
Price To Sales
0.91
N/A
N/A
N/A
1.23
N/A
1.57
N/A
N/A
N/A
Net Income
N/A
N/A
(627.79 K)
N/A
N/A
5.2 M
N/A
(3.15 B)
N/A
(1.28 M)
Earnings Per Share
N/A
N/A
-0.63
N/A
N/A
1.17
N/A
N/A
N/A
-0.01
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
30.28
N/A
5.97
Year To Date Return
13.54
17.19
N/A
13.69
6.69
N/A
-0.0211
N/A
N/A
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
393.49 M
N/A
(3.1 B)
N/A
N/A
Ten Year Return
6.63
N/A
N/A
N/A
6.0
N/A
5.76
N/A
N/A
N/A
Working Capital
N/A
N/A
(794 K)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
1.15 K
N/A
N/A
51.31 M
N/A
N/A
N/A
5.77 M
Cash Per Share
N/A
N/A
N/A
N/A
N/A
3.23
N/A
N/A
N/A
0.04
Gross Profit
N/A
N/A
(143.88 K)
N/A
N/A
74.67 M
N/A
(4.09 B)
N/A
N/A
Day Typical Price
25.17
14.86
0.006
11.73
4.25
22.4
12.6
0.01
85.38
0.25
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
0.0085
N/A
N/A
N/A
0.0769
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
0.19
N/A
N/A
N/A
0.02
Daily Balance Of Power
9.2 T
9.2 T
0.0
9.2 T
9.2 T
0.6316
9.2 T
0.0
(9,223,372,036,855)
1.0
Period Momentum Indicator
0.39
0.24
N/A
0.05
0.01
0.12
0.03
N/A
(4.62)
0.02
Rate Of Daily Change
1.02
1.02
1.0
1.0
1.0
1.01
1.0
1.0
0.95
1.09
Day Median Price
25.17
14.86
0.006
11.73
4.25
22.37
12.6
0.01
85.38
0.25
Price Action Indicator
0.2
0.12
N/A
0.025
0.005
0.16
0.015
N/A
(2.31)
0.01
Relative Strength Index
68.03
72.03
N/A
60.67
69.23
58.19
63.99
N/A
63.17
48.41
Coefficient Of Variation
795.71
834.04
N/A
1347.71
583.8
1077.04
1246.41
812.4
5494.07
626.92
Mean Deviation
0.8271
0.9787
N/A
0.477
0.1099
0.7202
0.2378
39.65
0.9995
5.58
Jensen Alpha
(0.02)
(0.04)
N/A
(0.04)
0.0139
N/A
(0.02)
20.22
0.0666
1.06
Total Risk Alpha
(0.05)
(0.06)
N/A
(0.06)
(0.01)
(0.08)
(0.03)
(5.63)
(0.34)
0.0042
Sortino Ratio
0.0174
0.0311
N/A
(0.13)
(0.41)
(0.02)
(0.31)
N/A
(0.04)
0.1412
Downside Variance
0.9133
1.2
N/A
0.4033
0.0625
1.57
0.1188
N/A
5.43
48.97
Standard Deviation
1.17
1.38
N/A
0.6268
0.1689
1.14
0.308
163.54
2.36
7.01
Kurtosis
3.76
4.38
N/A
0.1933
3.69
5.9
0.049
66.0
21.69
(0.10)
Potential Upside
1.92
2.39
N/A
1.21
0.2381
2.28
0.5564
N/A
1.75
14.29
Treynor Ratio
0.1032
0.0977
N/A
0.0581
0.4574
N/A
0.0495
(24.88)
(0.12)
3.03
Maximum Drawdown
5.95
7.88
N/A
2.8
0.9552
7.18
1.37
1328.57
24.27
32.64
Variance
1.38
1.89
N/A
0.3929
0.0285
1.31
0.0949
26743.97
5.55
49.18
Market Risk Adjusted Performance
0.1132
0.1077
N/A
0.0681
0.4674
N/A
0.0595
(24.87)
(0.11)
3.04
Risk Adjusted Performance
0.0998
0.0964
N/A
0.0547
0.096
0.0745
0.0466
0.1044
0.0207
0.1312
Skewness
0.986
1.26
N/A
0.1197
1.16
(0.94)
0.0337
8.12
0.7359
0.4228
Semi Deviation
0.8254
0.8991
N/A
0.5046
0.0
1.05
0.2395
N/A
2.25
5.02
Information Ratio
0.0141
0.0248
N/A
(0.13)
(0.60)
(0.02)
(0.34)
0.1223
(0.04)
0.1409
Value At Risk
(1.78)
(1.69)
N/A
(1.02)
(0.24)
(1.15)
(0.56)
N/A
(1.69)
(9.09)
Expected Short fall
(0.97)
(1.13)
N/A
(0.59)
(0.29)
(0.80)
(0.27)
N/A
(1.07)
(8.21)
Downside Deviation
0.9557
1.1
N/A
0.635
0.25
1.25
0.3447
N/A
2.33
7.0
Semi Variance
0.6813
0.8084
N/A
0.2546
(0.02)
1.1
0.0574
N/A
5.05
25.22

Ab Discovery Competition Performance Charts

Five steps to successful analysis of Ab Discovery Competition

Ab Discovery's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ab Discovery Value in relation to its competition. Ab Discovery's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Ab Discovery in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ab Discovery's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ab Discovery Value, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Ab Discovery position

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

Did You Try This Idea?

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Plastics
Plastics Theme
Companies manufacturing rubber and plastics accessories. The Plastics theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Plastics Theme or any other thematic opportunities.
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Other Information on Investing in ABASX Mutual Fund

Ab Discovery financial ratios help investors to determine whether ABASX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ABASX with respect to the benefits of owning Ab Discovery security.
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