Basic Materials Competition

BMPIX Fund

USD 132.73 2.44 1.87%

Basic Materials Ultr competes with Oil Gas, Hennessy, New Alternatives, Calvert Global, and Short Oil; as well as few others. The fund is listed under Trading--Leveraged Equity category and is part of ProFunds family. Analyzing Basic Materials 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 Basic Materials to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Basic Materials Correlation with its peers.

Basic Materials vs Short Oil Correlation

Pay attention - limited upside

The correlation between Basic Materials Ultrasector and SNPIX is -0.9 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Basic Materials Ultrasector and SNPIX in the same portfolio, assuming nothing else is changed.

Moving against Basic Mutual Fund

0.92	UIPIX	Ultrashort Mid Cap	Pair Corr
0.92	UIPSX	Ultrashort Mid Cap	Pair Corr
0.9	UKPSX	Ultrashort Japan Profund	Pair Corr
0.9	UKPIX	Ultrashort Japan Profund	Pair Corr
0.71	GVPSX	Us Government Plus	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
128.58	130.25	131.92

Details

Intrinsic

Valuation

Low	Real	High
117.26	137.30	138.97

Details

Basic Materials Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Basic Materials 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 Basic 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 Basic Materials Ultr does not affect the price movement of the other competitor.

	ENPSX	HNRGX	XGNTX	NALFX	CGAEX	SNPIX
ENPSX		0.98	0.81	0.86	0.9	-1.0	ENPSX
HNRGX	0.98		0.87	0.85	0.91	-0.99	HNRGX
XGNTX	0.81	0.87		0.77	0.86	-0.83	XGNTX
NALFX	0.86	0.85	0.77		0.97	-0.87	NALFX
CGAEX	0.9	0.91	0.86	0.97		-0.9	CGAEX
SNPIX	-1.0	-0.99	-0.83	-0.87	-0.9		SNPIX
	ENPSX	HNRGX	XGNTX	NALFX	CGAEX	SNPIX

High positive correlations

HNRGX	+ 0.98	ENPSX
CGAEX	+ 0.97	NALFX
CGAEX	+ 0.91	HNRGX
CGAEX	+ 0.9	ENPSX
XGNTX	+ 0.87	HNRGX
NALFX	+ 0.86	ENPSX

High negative correlations

SNPIX	- 1.0	ENPSX
SNPIX	- 0.99	HNRGX
SNPIX	- 0.9	CGAEX
SNPIX	- 0.87	NALFX
SNPIX	- 0.83	XGNTX

Risk-Adjusted Indicators

There is a big difference between Basic Mutual Fund performing well and Basic Materials 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 Basic Materials' 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
ENPSX	1.57	0.43	0.20	1.04	1.51	(1.75)	3.62	(2.77)	7.98
HNRGX	0.94	0.23	0.15	0.60	0.86	(1.03)	2.19	(1.65)	5.75
XGNTX	0.78	0.23	0.11	10.06	0.90	(0.88)	1.71	(1.19)	6.37
NALFX	0.63	0.11	0.02	(1.30)	0.64	(0.71)	1.59	(1.23)	3.50
CGAEX	0.79	0.13	0.03	(1.55)	0.93	(0.79)	1.57	(1.66)	3.90
SNPIX	1.05	(0.30)	0.00	1.07	0.00	0.00	1.89	(2.37)	6.18

Basic Materials Competitive Analysis

The better you understand Basic Materials competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Basic Materials' 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 Basic Materials' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	BMPIX	ENPSX	HNRGX	XGNTX	NALFX	CGAEX	SNPIX
	1.87 132.73 Basic	1.07 44.39 Oil	0.14 34.75 Hennessy	1.60 8.89 Gamco	1.95 82.58 New	2.72 15.10 Calvert	0.73 10.84 Short
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile
Market Performance (90 Days Performance)	Solid	Good	Good	Solid	Fair	Fair	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Fair	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Under 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
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Sell	Strong Sell	Strong Sell
Net Asset	3.9 M	25.64 M	14.9 M	N/A	283.04 M	170.79 M	590 K
Minimum Initial Investment	15 K	N/A	N/A	N/A	2.5 K	1 K	15 K
Price To Book	3.25 X	1.55 X	N/A	N/A	1.42 X	1.53 X	N/A
Five Year Return	10.53 %	28.85 %	24.51 %	N/A	(0.60) %	3.27 %	(22.06) %
One Year Return	15.91 %	12.08 %	24.85 %	N/A	39.19 %	44.97 %	(13.44) %
Last Dividend Paid	N/A	0.14	N/A	0.05	4.71	0.08	0.13
Price To Earning	1.60 X	32.66 X	N/A	N/A	19.64 X	16.67 X	N/A
Price To Sales	1.50 X	1.32 X	N/A	N/A	0.75 X	0.90 X	N/A
Cash Position Weight	26.92 %	18.18 %	1.10 %	N/A	5.06 %	0.39 %	100.00 %
Equity Positions Weight	73.08 %	77.51 %	98.90 %	N/A	94.88 %	99.47 %	N/A
Three Year Return	6.53 %	1.99 %	16.01 %	N/A	6.22 %	9.03 %	(3.83) %
Annual Yield	0.02 %	0.02 %	0 %	N/A	0.01 %	0 %	0.57 %
Year To Date Return	15.36 %	16.38 %	15.24 %	N/A	7.46 %	9.82 %	3.11 %
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	0.14 %	N/A
Ten Year Return	5.04 %	(7.33) %	N/A	N/A	9.30 %	0.22 %	(6.55) %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	0
Day Typical Price	132.73	44.39	34.75	8.89	82.58	15.1	10.84
Period Momentum Indicator	2.44	0.47	0.05	0.14	1.58	0.4	(0.08)
Rate Of Daily Change	1.02	1.01	1.0	1.02	1.02	1.03	0.99
Day Median Price	132.73	44.39	34.75	8.89	82.58	15.1	10.84
Price Action Indicator	1.22	0.23	0.025	0.07	0.79	0.2	(0.04)
Coefficient Of Variation	343.08	409.83	437.61	438.23	735.46	760.94	(421.40)
Mean Deviation	1.29	1.57	0.941	0.7829	0.6254	0.7861	1.05
Jensen Alpha	0.3384	0.4336	0.2284	0.2314	0.1066	0.131	(0.30)
Total Risk Alpha	0.2875	0.2555	0.1338	0.116	0.0109	0.0117	(0.47)
Sortino Ratio	0.2372	0.1973	0.1498	0.1146	0.0153	0.0318	N/A
Downside Variance	2.56	3.82	1.43	1.6	0.5718	1.26	N/A
Standard Deviation	1.64	1.98	1.21	1.07	0.808	1.02	1.32
Kurtosis	(0.18)	(0.02)	0.0441	2.86	0.2355	0.0102	(0.08)
Potential Upside	3.21	3.62	2.19	1.71	1.59	1.57	1.89
Treynor Ratio	0.3187	1.04	0.6047	10.06	(1.30)	(1.55)	1.07
Maximum Drawdown	7.42	7.98	5.75	6.37	3.5	3.9	6.18
Variance	2.69	3.93	1.47	1.14	0.6529	1.04	1.74
Market Risk Adjusted Performance	0.3287	1.05	0.6147	10.07	(1.29)	(1.54)	1.08
Risk Adjusted Performance	0.2389	0.2017	0.1867	0.1855	0.1091	0.1075	(0.19)
Skewness	(0.17)	(0.09)	(0.12)	(1.02)	(0.03)	(0.21)	0.0822
Semi Deviation	1.11	1.51	0.8556	0.9003	0.638	0.9311	N/A
Information Ratio	0.2315	0.1944	0.1475	0.136	0.0143	0.0349	(0.31)
Value At Risk	(2.29)	(2.77)	(1.65)	(1.19)	(1.23)	(1.66)	(2.37)
Expected Short fall	(1.45)	(1.75)	(1.03)	(0.88)	(0.71)	(0.79)	N/A
Downside Deviation	1.6	1.95	1.2	1.27	0.7562	1.12	N/A
Semi Variance	1.23	2.27	0.7321	0.8106	0.407	0.8669	N/A

Basic Materials Competition Performance Charts

Five steps to successful analysis of Basic Materials Competition

Basic Materials' 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 Basic Materials Ultr in relation to its competition. Basic Materials' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Basic Materials 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 Basic Materials' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Basic Materials Ultr, 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.

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Other Information on Investing in Basic Mutual Fund

Basic Materials financial ratios help investors to determine whether Basic 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 Basic with respect to the benefits of owning Basic Materials security.

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