Ab Discovery Competition

ABSIX Fund

USD 22.09 0.26 1.19%

Ab Discovery Value competes with Ab Global, Ab Global, Ab Global, Ab All, and Ab All; 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.

Ab Discovery vs Ab Global Correlation

Poor diversification

The correlation between Ab Discovery Value and ANAGX is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Discovery Value and ANAGX in the same portfolio, assuming nothing else is changed.

Moving together with ABSIX Mutual Fund

0.9	GCEAX	Ab Global E	Pair Corr
0.9	GCECX	Ab Global E	Pair Corr
0.9	GCEYX	Ab Global E	Pair Corr
0.88	AMTAX	Ab All Market	Pair Corr
0.88	AMTZX	Ab All Market	Pair Corr

Moving against ABSIX Mutual Fund

0.82	SUTAX	Ab Sustainable Thematic	Pair Corr
0.82	SUTCX	Ab Sustainable Thematic	Pair Corr
0.82	SUTZX	Ab Sustainable Thematic	Pair Corr

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Hype

Prediction

Low	Estimated	High
20.81	22.09	23.37

Details

Intrinsic

Valuation

Low	Real	High
19.88	23.44	24.72

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 ABSIX 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.

	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX
GCEAX		1.0	1.0	0.74	0.74	0.73	0.74	0.44	0.43	0.5	GCEAX
GCECX	1.0		1.0	0.73	0.73	0.73	0.73	0.44	0.43	0.5	GCECX
GCEYX	1.0	1.0		0.74	0.74	0.74	0.74	0.44	0.43	0.5	GCEYX
AMTAX	0.74	0.73	0.74		1.0	1.0	1.0	0.72	0.73	0.75	AMTAX
AMTZX	0.74	0.73	0.74	1.0		1.0	1.0	0.72	0.73	0.75	AMTZX
AMTYX	0.73	0.73	0.74	1.0	1.0		1.0	0.72	0.74	0.75	AMTYX
AMTOX	0.74	0.73	0.74	1.0	1.0	1.0		0.72	0.73	0.75	AMTOX
ANAZX	0.44	0.44	0.44	0.72	0.72	0.72	0.72		0.97	0.99	ANAZX
ANAYX	0.43	0.43	0.43	0.73	0.73	0.74	0.73	0.97		0.96	ANAYX
ANAGX	0.5	0.5	0.5	0.75	0.75	0.75	0.75	0.99	0.96		ANAGX
	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX

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Risk-Adjusted Indicators

There is a big difference between ABSIX 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCEAX	0.73	0.12	0.12	0.25	0.60	(0.86)	1.36	(1.40)	11.09
GCECX	0.73	0.13	0.13	0.26	0.56	(0.91)	1.27	(1.41)	11.42
GCEYX	0.73	0.12	0.12	0.26	0.58	(0.91)	1.30	(1.43)	11.04
AMTAX	0.60	0.11	0.08	0.27	0.73	(0.61)	1.17	(1.21)	3.68
AMTZX	0.61	0.11	0.08	0.26	0.77	(0.62)	1.10	(1.24)	3.57
AMTYX	0.61	0.11	0.08	0.27	0.81	(0.61)	1.18	(1.32)	3.70
AMTOX	0.61	0.11	0.08	0.26	0.77	(0.65)	1.11	(1.25)	3.61
ANAZX	0.10	0.00	(0.27)	0.12	0.00	(0.17)	0.29	(0.29)	0.58
ANAYX	0.10	0.00	(0.23)	0.10	0.03	(0.16)	0.14	(0.29)	0.72
ANAGX	0.11	0.00	(0.26)	0.10	0.00	(0.18)	0.29	(0.29)	0.58

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

	ABSIX	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX
	1.19 22.09 ABSIX	0.34 17.68 GCEAX	0.35 17.13 GCECX	0.40 17.68 GCEYX	0.63 11.13 AMTAX	0.65 10.90 AMTZX	0.64 11.07 AMTYX	0.65 10.79 AMTOX	0.29 7.02 ANAZX	0.14 7.02 ANAYX
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Good	Good	Good	Solid	Solid	Solid	Solid	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Over Valued	Fairly 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 Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Sell	Cautious Hold
Net Asset	3.49 B	534.4 M	534.4 M	534.4 M	746.42 M	2.19 B	2.19 B	2.19 B	6.88 B	6.88 B
Minimum Initial Investment	2 M	N/A	2.5 K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	1.51	N/A	N/A	N/A	1.36	N/A	1.27	1.34	N/A	N/A
Five Year Return	8.61	6.3	5.5	6.56	10.42	10.65	10.7	10.7	0.57	0.54
One Year Return	12.11	8.69	7.92	8.99	26.39	24.92	25.65	26.64	5.57	5.7
Last Dividend Paid	0.16	N/A	0.05	N/A	0.25	0.29	0.27	0.27	0.01	0.01
Price To Earning	16.51	N/A	N/A	N/A	20.27	N/A	20.91	19.56	N/A	N/A
Price To Sales	0.83	N/A	N/A	N/A	1.29	N/A	1.23	1.33	18.09	18.09
Cash Position Weight	0.67	0.02	N/A	0.02	21.58	21.58	21.58	21.58	-2.47	37.13
Equity Positions Weight	99.33	99.98	100.0	99.98	78.03	78.03	78.03	78.03	0.09	N/A
Three Year Return	10.15	11.54	10.69	11.81	11.85	11.92	11.98	12.17	4.64	4.62
Annual Yield	0.0076	0.0057	N/A	0.0084	0.0622	0.0663	0.0649	0.0648	0.0334	0.0332
Year To Date Return	12.17	0.63	0.53	0.68	9.14	9.33	9.19	10.33	1.33	1.33
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	48.26	43.96
Ten Year Return	6.95	N/A	N/A	N/A	-0.64	-0.28	-0.37	-0.53	3.97	4.03
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	22.09	17.68	17.13	17.68	11.13	10.9	11.07	10.79	7.02	7.02
Period Momentum Indicator	0.26	0.06	0.06	0.07	0.07	0.07	0.07	0.07	0.02	0.01
Rate Of Daily Change	1.01	1.0	1.0	1.0	1.01	1.01	1.01	1.01	1.0	1.0
Day Median Price	22.09	17.68	17.13	17.68	11.13	10.9	11.07	10.79	7.02	7.02
Price Action Indicator	0.13	0.03	0.03	0.035	0.035	0.035	0.035	0.035	0.01	0.005
Coefficient Of Variation	454.03	792.52	803.82	788.04	518.91	525.68	524.48	523.0	905.89	920.23
Mean Deviation	0.8497	0.725	0.7291	0.727	0.5981	0.6096	0.6057	0.6118	0.1031	0.1022
Jensen Alpha	0.1995	0.1227	0.1264	0.1249	0.1093	0.1087	0.1097	0.1087	0.0027	0.002
Total Risk Alpha	0.1769	0.0606	0.0599	0.0615	0.0823	0.0818	0.0823	0.0821	(0.01)	(0.01)
Sortino Ratio	0.2444	0.1207	0.127	0.1226	0.0796	0.0764	0.0765	0.0764	(0.27)	(0.23)
Downside Variance	0.7526	0.7088	0.6664	0.7006	1.02	1.11	1.13	1.11	0.0398	0.0568
Standard Deviation	1.28	1.36	1.4	1.36	0.7796	0.7913	0.793	0.7873	0.1384	0.1406
Kurtosis	7.35	30.17	32.2	30.26	1.05	0.8784	0.9536	0.9269	(0.05)	0.9579
Potential Upside	2.4	1.36	1.27	1.3	1.17	1.1	1.18	1.11	0.2857	0.1445
Treynor Ratio	0.2249	0.2489	0.264	0.259	0.2713	0.2649	0.2685	0.2648	0.1245	0.0971
Maximum Drawdown	8.33	11.09	11.42	11.04	3.68	3.57	3.7	3.61	0.5764	0.7178
Variance	1.64	1.85	1.95	1.85	0.6078	0.6262	0.6288	0.6198	0.0192	0.0198
Market Risk Adjusted Performance	0.2349	0.2589	0.274	0.269	0.2813	0.2749	0.2785	0.2748	0.1345	0.1071
Risk Adjusted Performance	0.1814	0.1059	0.1046	0.1065	0.1552	0.1533	0.1537	0.154	0.0408	0.0403
Skewness	1.82	4.51	4.74	4.52	(0.89)	(0.86)	(0.90)	(0.91)	(0.22)	(0.83)
Semi Deviation	0.4729	0.597	0.5604	0.5786	0.7326	0.7661	0.8103	0.7653	0.0	0.031
Information Ratio	0.1656	0.0747	0.0743	0.0755	0.103	0.1018	0.1025	0.1024	(0.39)	(0.39)
Value At Risk	(1.26)	(1.40)	(1.41)	(1.43)	(1.21)	(1.24)	(1.32)	(1.25)	(0.29)	(0.29)
Expected Short fall	(1.05)	(0.86)	(0.91)	(0.91)	(0.61)	(0.62)	(0.61)	(0.65)	(0.17)	(0.16)
Downside Deviation	0.8675	0.8419	0.8163	0.837	1.01	1.05	1.06	1.05	0.1996	0.2383
Semi Variance	0.2237	0.3564	0.3141	0.3348	0.5367	0.5868	0.6566	0.5857	(0)	0.001

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

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Other Information on Investing in ABSIX Mutual Fund

Ab Discovery financial ratios help investors to determine whether ABSIX 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 ABSIX with respect to the benefits of owning Ab Discovery security.

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