ASA Competitors
| ASA Stock | USD 72.06 0.59 0.83% |
ASA Gold vs Tortoise Energy Correlation
Very weak diversification
The correlation between ASA Gold and and TYG is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASA Gold and and TYG in the same portfolio, assuming nothing else is changed.
Moving together with ASA Stock
| 0.91 | LBS | Life Banc Split | PairCorr |
| 0.92 | DFN | Dividend 15 Split | PairCorr |
| 0.73 | CSOC-A | Canso Select Opportu | PairCorr |
| 0.93 | DGS | Dividend Growth Split | PairCorr |
Moving against ASA Stock
| 0.46 | NMFC | New Mountain Finance | PairCorr |
| 0.44 | EPGG | Empire Global Gaming | PairCorr |
| 0.38 | MFIC | MidCap Financial Inv Normal Trading | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASA Gold'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.
ASA Gold Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ASA Gold and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of ASA 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 ASA Gold does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ASA Stock performing well and ASA Gold Company 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 ASA Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCSF | 1.05 | 0.02 | (0.02) | 0.11 | 1.35 | 2.90 | 6.32 | |||
| KBDC | 1.11 | (0.03) | (0.04) | 0.03 | 1.31 | 2.84 | 6.04 | |||
| CGBD | 1.01 | 0.01 | (0.02) | 0.10 | 1.24 | 2.23 | 5.52 | |||
| PFLT | 0.85 | (0.01) | (0.04) | 0.06 | 1.06 | 1.95 | 4.47 | |||
| GAINI | 0.19 | (0.01) | (0.19) | (0.03) | 0.37 | 0.35 | 1.98 | |||
| TRIN | 0.97 | 0.19 | 0.15 | 0.44 | 0.85 | 2.45 | 5.81 | |||
| NMFC | 1.04 | (0.18) | 0.00 | (0.21) | 0.00 | 2.64 | 8.09 | |||
| GAM | 0.47 | 0.11 | 0.06 | 9.06 | 0.32 | 1.24 | 2.57 | |||
| HQH | 1.00 | 0.09 | 0.06 | 0.20 | 1.00 | 2.64 | 6.53 | |||
| TYG | 0.91 | 0.13 | 0.07 | 0.67 | 0.79 | 1.98 | 6.80 |
Cross Equities Net Income Analysis
Compare ASA Gold and related stocks such as Bain Capital Specialty, Kayne Anderson BDC, and Carlyle Secured Lending Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BCSF | 609 K | 609 K | 609 K | 609 K | 609 K | 609 K | 609 K | 19.3 M | 26.6 M | 98.1 M | 8.3 M | 119.8 M | 105.5 M | 123.4 M | 119.4 M | 137.3 M | 75.9 M |
| KBDC | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 22.3 M | 45.8 M | 77.1 M | 131.9 M | 151.7 M | 76.2 M |
| CGBD | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | 5.6 M | 18.7 M | 69.8 M | 84.2 M | 39.1 M | 61.3 M | 6.8 M | 160.4 M | 85.6 M | 92.3 M | 89 M | 102.3 M | 65.2 M |
| PFLT | 12 M | 12 M | 12 M | 20.5 M | 12.5 M | 33.5 M | 36.3 M | 33.5 M | (11.1 M) | 18.4 M | 56.5 M | 3.5 M | 39.3 M | 91.8 M | 66.4 M | 76.3 M | 80.1 M |
| TRIN | (524 K) | (524 K) | (524 K) | (524 K) | (524 K) | (524 K) | (524 K) | (524 K) | (524 K) | (524 K) | (6.1 M) | 132.3 M | (30.4 M) | 76.9 M | 115.6 M | 132.9 M | 139.6 M |
| NMFC | (1.2 M) | 31.7 M | 31.8 M | 61.9 M | 45.6 M | 33 M | 111.7 M | 109.4 M | 72.4 M | 112.6 M | 58.5 M | 201.4 M | 74.7 M | 135.3 M | 113.4 M | 130.5 M | 89.4 M |
| GAM | 147.4 M | 140.4 M | 140.4 M | 306.7 M | 72.5 M | (28.4 M) | 84.4 M | 170.7 M | (71.7 M) | 296.9 M | 77 M | 293.6 M | (177.3 M) | 273.4 M | 245.5 M | 282.3 M | 296.4 M |
| HQH | 30 M | 157.8 M | 200.1 M | 222 M | 96.2 M | (56 M) | 121.3 M | 69.2 M | (145.3 M) | 241.2 M | 155.2 M | (194.2 M) | 56.3 M | 184.9 M | 98.6 M | 113.4 M | 119.1 M |
| TYG | 47.6 M | 135.8 M | 270.8 M | 233.6 M | (839 M) | 106.3 M | (113.4 M) | 96.4 M | (191.4 M) | (575.7 M) | 133.7 M | 103.3 M | (15.6 M) | 210.9 M | 19.4 M | 17.4 M | 18.3 M |
ASA Gold and related stocks such as Bain Capital Specialty, Kayne Anderson BDC, and Carlyle Secured Lending Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in ASA Gold financial statement analysis. It represents the amount of money remaining after all of ASA Gold and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.ASA Gold Competitive Analysis
The better you understand ASA Gold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ASA Gold'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 ASA Gold'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 |
ASA Gold Competition Performance Charts
Five steps to successful analysis of ASA Gold Competition
ASA Gold'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 ASA Gold in relation to its competition. ASA Gold's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ASA Gold 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 ASA Gold's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ASA Gold, 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.
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Check out ASA Gold Correlation with its peers. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive ASA Gold assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 6.766 | Dividend Share 0.05 | Earnings Share 13.93 | Revenue Per Share | Quarterly Revenue Growth 0.125 |
Investors evaluate ASA Gold using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ASA Gold's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause ASA Gold's market price to deviate significantly from intrinsic value.
Understanding that ASA Gold's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether ASA Gold represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, ASA Gold's market price signifies the transaction level at which participants voluntarily complete trades.
