SPASX 200 Competition

Summary

AXVI Index

10.81 0.33 3.15%

SPASX 200 VIX competes with Dicker Data, Auswide Bank, Pioneer Credit, and National Storage; as well as few others. Analyzing SPASX 200 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 SPASX 200 to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 SPASX 200 competition on your existing holdings.

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SPASX 200 Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SPASX 200 and its competitors represents the degree of relationship between the price movements of corresponding indexs. A correlation of about +1.0 implies that the price of SPASX 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 SPASX 200 VIX does not affect the price movement of the other competitor.

	AME	DDR	WTL	ABA	PNC	NSR	SLB
AME		-0.72	0.47	0.58	0.79	0.14	-0.83	AME
DDR	-0.72		-0.58	-0.73	-0.65	-0.02	0.62	DDR
WTL	0.47	-0.58		0.35	0.67	0.39	-0.46	WTL
ABA	0.58	-0.73	0.35		0.45	0.11	-0.57	ABA
PNC	0.79	-0.65	0.67	0.45		0.31	-0.75	PNC
NSR	0.14	-0.02	0.39	0.11	0.31		-0.06	NSR
SLB	-0.83	0.62	-0.46	-0.57	-0.75	-0.06		SLB
	AME	DDR	WTL	ABA	PNC	NSR	SLB

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High positive correlations

PNC	+ 0.79	AME
PNC	+ 0.67	WTL
SLB	+ 0.62	DDR
ABA	+ 0.58	AME
WTL	+ 0.47	AME
PNC	+ 0.45	ABA

High negative correlations

SLB	- 0.83	AME
SLB	- 0.75	PNC
ABA	- 0.73	DDR
DDR	- 0.72	AME
PNC	- 0.65	DDR
WTL	- 0.58	DDR

Risk-Adjusted Indicators

There is a big difference between SPASX Index performing well and SPASX 200 Index 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 SPASX 200'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
AME	2.22	0.52	0.14	1.08	2.06	(3.41)	5.06	(4.69)	13.62
DDR	1.06	(0.14)	0.00	(0.20)	0.00	0.00	2.40	(2.08)	6.44
WTL	1.89	0.27	0.01	(0.19)	2.32	(2.77)	5.62	(4.61)	13.96
ABA	1.40	0.09	0.00	0.42	1.79	(1.46)	2.64	(3.25)	8.01
PNC	2.22	0.43	0.05	(0.34)	2.59	(3.14)	5.08	(5.88)	19.05
NSR	0.74	0.05	(0.07)	(0.61)	0.88	(0.89)	1.61	(1.22)	4.85
SLB	2.43	(0.21)	0.00	(2.03)	0.00	0.00	5.88	(6.90)	34.87

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SPASX 200 Competitive Analysis

The better you understand SPASX 200 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SPASX 200'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 SPASX 200'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

	AXVI	AME	DDR	WTL	ABA	PNC	NSR	SLB
	3.15 10.81 SPASX	1.10 0.09 Alto	2.16 8.51 Dicker	2.17 0.09 WTL	0.45 4.50 Auswide	1.54 0.66 Pioneer	1.19 2.50 National	1.54 0.07 Stelar
Market Volatility (90 Days Market Risk)	Relatively risky	Out of control	Not too volatile	Out of control	Slightly risky	Abnormally volatile	Slightly risky	Out of control
Market Performance (90 Days Performance)	Insignificant	Good	Very Weak	OK	Modest	OK	Insignificant	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Average	Very Small	Very Low	Low	Very High	Very Small	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Over Valued	Over 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
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell
Net Asset		33.23 M	927.03 M	54.29 M	5.26 B	367.94 M	5.17 B	7.28 M
Profit Margin		N/A	0.04 %	0.02 %	0.14 %	(0.30) %	0.08 %	N/A
EBITDA		(1.57 M)	150.81 M	6.34 M	20.29 M	13.45 M	214.88 M	(970.14 K)
Operating Margin		(22.99) %	0.06 %	0.03 %	0.16 %	(5.33) %	0.60 %	N/A
Current Valuation		64.64 M	1.87 B	30.23 M	356.98 M	271.29 M	4.89 B	452.8 K
Price To Book		2.06 X	6.27 X	1.05 X	0.80 X	2.14 X	11.32 X	0.45 X
Retained Earnings		(22.39 M)	40.77 M	(4.34 M)	56.27 M	(80.65 M)	107.22 M	(1.71 M)
Beta		-0.31	0.48	1.35	0.86	0.62	0.68	0.42
Number Of Employees		N/A	920	N/A	N/A	349	670	N/A
Shares Outstanding		721.52 M	180.48 M	342.19 M	51.8 M	143.48 M	1.38 B	63.56 M
Cash Flow From Operations		(1.53 M)	70.12 M	5.46 M	43.76 M	(28.83 M)	124.9 M	(637)
Annual Yield		N/A	0.05 %	0.06 %	0.05 %	N/A	0.04 %	N/A
Total Debt		174.24 K	323.32 M	7.54 M	875.42 M	286.62 M	1.49 B	238.53 K
Return On Equity		-0.0622	0.33	0.14	0.0385	-0.23	0.0668	-0.21
Return On Asset		-0.0336	0.0789	0.0699	0.0022	-0.0289	0.027	-0.14
Book Value Per Share		0.04 X	1.36 X	0.09 X	6.21 X	0.33 X	0.22 X	0.14 X
Total Asset		33.23 M	927.03 M	54.29 M	5.26 B	367.94 M	5.17 B	7.28 M
Target Price		0.2	10.51	N/A	5.01	0.8	2.59	N/A
Last Dividend Paid		N/A	0.47	0.005	0.22	N/A	0.11	N/A
Shares Owned By Institutions		20.99 %	8.17 %	29.33 %	7.71 %	14.57 %	48.83 %	N/A
Market Capitalization		66.38 M	1.54 B	30.8 M	233.1 M	94.7 M	3.5 B	4.19 M
Price To Sales		923.14 X	0.69 X	0.17 X	2.83 X	2.87 X	9.86 X	90.91 X
Net Income		(1.9 M)	82.14 M	3.85 M	11.23 M	(10.04 M)	230.27 M	(949)
Earnings Per Share		N/A	0.44 X	0.01 X	0.24 X	(0.09) X	0.17 X	(0.03) X
Shares Owned By Insiders		47.69 %	54.84 %	59.96 %	13.56 %	39.10 %	10.47 %	31.00 %
Revenue		71.91 K	2.26 B	185.47 M	62.24 M	32.98 M	354.69 M	48.94 K
Working Capital		1.08 M	68.62 M	17.49 K	N/A	(159.4 M)	81.29 M	3.24 M
Cash And Equivalents		1.08 M	N/A	3.38 M	N/A	N/A	N/A	5.93 M
Gross Profit		77.44 K	283.71 M	7.83 M	101.25 M	42.45 M	289.62 M	(95.7 K)
Day Typical Price	10.81	0.0913	8.41	0.09	4.47	0.65	2.51	0.0663
Accumulation Distribution	N/A	61994.39	8234.71	N/A	1306.09	7323.41	49791.75	1144.52
Daily Balance Of Power	9.2 T	0.5	0.5806	(9,223,372,036,855)	0.2	0.3333	(0.60)	1.0
Period Momentum Indicator	0.33	0.001	0.18	(0)	0.02	0.01	(0.03)	0.001
Rate Of Daily Change	1.03	1.01	1.02	0.98	1.0	1.02	0.99	1.02
Day Median Price	10.81	0.091	8.36	0.09	4.45	0.65	2.52	0.0665
Price Action Indicator	0.17	0.0015	0.25	(0)	0.06	0.02	(0.03)	N/A
Relative Strength Index	44.18	72.1	57.57	48.87	51.01	52.18	44.42	30.5
Coefficient Of Variation	2749.43	518.43	(1,828)	1618.23	1278.57	965.48	1801.64	(2,384)
Mean Deviation	4.19	2.22	1.06	1.89	1.4	2.22	0.7372	2.43
Total Risk Alpha	(1.14)	0.0705	(0.32)	(0.30)	(0.17)	(0.21)	(0.12)	(0.96)
Jensen Alpha	N/A	0.5188	(0.14)	0.2704	0.0923	0.4344	0.0531	(0.21)
Sortino Ratio	0.0238	0.1418	N/A	0.009	0.0026	0.0479	(0.07)	N/A
Downside Variance	55.6	10.53	N/A	14.26	4.19	15.27	1.31	N/A
Standard Deviation	8.67	3.1	1.38	2.78	1.83	3.14	0.972	4.56
Kurtosis	16.94	2.04	(0.08)	0.6608	0.2734	2.17	0.5597	9.68
Potential Upside	11.91	5.06	2.4	5.62	2.64	5.08	1.61	5.88
Maximum Drawdown	58.54	13.62	6.44	13.96	8.01	19.05	4.85	34.87
Treynor Ratio	N/A	1.08	(0.20)	(0.19)	0.4184	(0.34)	(0.61)	(2.03)
Variance	75.19	9.61	1.9	7.73	3.34	9.84	0.9447	20.76
Market Risk Adjusted Performance	N/A	1.09	(0.19)	(0.18)	0.4284	(0.33)	(0.60)	(2.02)
Risk Adjusted Performance	0.0369	0.155	(0.04)	0.0545	0.0656	0.0867	0.0446	(0.02)
Skewness	1.61	0.607	0.2019	0.0305	(0.07)	0.0857	(0.29)	1.2
Semi Deviation	7.32	2.06	N/A	2.32	1.79	2.59	0.8838	N/A
Information Ratio	0.0205	0.1485	(0.15)	0.0123	0.0029	0.0597	(0.09)	(0.07)
Value At Risk	(4.51)	(4.69)	(2.08)	(4.61)	(3.25)	(5.88)	(1.22)	(6.90)
Expected Short fall	(4.50)	(3.41)	N/A	(2.77)	(1.46)	(3.14)	(0.89)	N/A
Downside Deviation	7.46	3.25	N/A	3.78	2.05	3.91	1.14	N/A
Semi Variance	53.54	4.25	N/A	5.39	3.2	6.72	0.7811	N/A

SPASX 200 Competition Performance Charts

Five steps to successful analysis of SPASX 200 Competition

SPASX 200'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 SPASX 200 VIX in relation to its competition. SPASX 200's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of SPASX 200 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 SPASX 200's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SPASX 200 VIX, 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 SPASX 200 position

In addition to having SPASX 200 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.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Real Estate theme has 61 constituents at this time.

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