Health Care Competition

FSPHX Fund

USD 28.45 0.18 0.63%

Health Care Portfolio competes with Blackrock Health, Blackrock Health, Blackrock Health, Blackrock Health, and Blackrock Health; as well as few others. The fund is listed under Health category and is part of Fidelity Investments family. Analyzing Health Care 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 Health Care to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Health Care Correlation with its peers.

Health Care vs Emerging Markets Correlation

Weak diversification

The correlation between Health Care Portfolio and DFEMX is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Health Care Portfolio and DFEMX in the same portfolio, assuming nothing else is changed.

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
27.52	28.45	29.38

Details

Intrinsic

Valuation

Low	Real	High
27.45	28.38	29.31

Details

Naive

Forecast

Low	Next	High
27.02	27.95	28.88

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
28.08	28.84	29.60

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Health Care. Your research has to be compared to or analyzed against Health Care's peers to derive any actionable benefits. When done correctly, Health Care's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Health Care Portfolio.

Health Care Competition Correlation Matrix

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

	SHSAX	SHISX	SHSCX	SHSSX	SHSKX	PRPFX	CSXRX	VVORX	DFEMX
SHSAX		0.9	1.0	1.0	1.0	0.79	0.84	0.84	0.53	SHSAX
SHISX	0.9		0.87	0.91	0.91	0.6	0.59	0.66	0.36	SHISX
SHSCX	1.0	0.87		1.0	1.0	0.8	0.86	0.85	0.54	SHSCX
SHSSX	1.0	0.91	1.0		1.0	0.79	0.83	0.83	0.52	SHSSX
SHSKX	1.0	0.91	1.0	1.0		0.79	0.83	0.83	0.52	SHSKX
PRPFX	0.79	0.6	0.8	0.79	0.79		0.88	0.95	0.88	PRPFX
CSXRX	0.84	0.59	0.86	0.83	0.83	0.88		0.91	0.73	CSXRX
VVORX	0.84	0.66	0.85	0.83	0.83	0.95	0.91		0.81	VVORX
DFEMX	0.53	0.36	0.54	0.52	0.52	0.88	0.73	0.81		DFEMX
	SHSAX	SHISX	SHSCX	SHSSX	SHSKX	PRPFX	CSXRX	VVORX	DFEMX

Risk-Adjusted Indicators

There is a big difference between Health Mutual Fund performing well and Health Care 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 Health Care'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
SHSAX	0.67	0.13	0.19	0.31	0.40	(0.87)	1.83	(1.07)	4.62
SHISX	0.63	0.06	0.07	0.15	0.54	(0.79)	1.78	(1.14)	3.69
SHSCX	0.70	0.16	0.20	0.41	0.42	(0.91)	1.81	(1.09)	6.04
SHSSX	0.67	0.13	0.18	0.30	0.41	(0.86)	1.84	(1.07)	4.23
SHSKX	0.67	0.13	0.18	0.30	0.41	(0.86)	1.82	(1.06)	4.24
PRPFX	0.56	0.24	0.30	0.52	0.18	(0.64)	1.49	(0.90)	3.96
CSXRX	0.62	0.05	0.06	0.08	0.70	(0.69)	1.28	(1.22)	7.00
VVORX	0.87	0.12	0.11	0.14	0.90	(0.91)	2.05	(1.95)	4.71
DFEMX	0.60	0.10	0.13	0.23	0.51	(0.73)	1.14	(1.02)	2.82

Health Care Competitive Analysis

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

	FSPHX	SHSAX	SHISX	SHSCX	SHSSX	SHSKX	PRPFX	CSXRX	VVORX	DFEMX
	0.63 28.45 Health	0.17 64.78 Blackrock	0.17 65.20 BLACKROCK	0.16 50.05 Blackrock	0.17 70.48 Blackrock	0.17 70.65 Blackrock	0.50 83.69 Permanent	0.51 56.54 Calvert	1.61 24.37 Invesco	1.81 40.17 Emerging
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)	Fair	Solid	Fair	Solid	Solid	Solid	Strong	Fair	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Under Valued	Fairly Valued	Over Valued	Under 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 Hold	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Buy	Strong Hold	Strong Buy
Net Asset	6.36 B	6.54 B	6.54 B	6.54 B	6.54 B	7.14 B	6.44 B	1.95 B	803.34 M	5.85 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	2 M	N/A	1 K	N/A	N/A	N/A
Price To Book	2.27	3.1	3.1	3.1	3.1	N/A	2.49	N/A	1.58	1.46
Five Year Return	3.69	5.39	5.49	4.58	6.12	5.52	14.72	12.15	21.47	7.79
One Year Return	12.25	8.55	8.99	7.69	9.57	11.68	39.15	12.38	25.18	46.53
Last Dividend Paid	0.04	N/A	N/A	N/A	0.09	0.14	0.43	0.33	N/A	0.2
Price To Earning	22.71	18.98	18.98	18.98	18.98	N/A	21.11	N/A	14.16	13.42
Price To Sales	2.18	1.37	1.37	1.37	1.37	N/A	2.07	N/A	0.83	1.1
Cash Position Weight	0.55	2.3	2.3	2.3	3.3	2.3	1.04	0.21	3.64	4.79
Equity Positions Weight	98.5	96.9	96.9	96.9	95.5	96.9	38.39	99.79	96.36	95.1
Three Year Return	8.18	8.1	7.96	7.27	8.76	8.64	22.45	20.66	22.06	17.41
Annual Yield	0.0043	0.0027	0.0023	N/A	0.0036	0.0042	0.0114	0.0094	N/A	0.0255
Year To Date Return	3.45	0.14	2.13	0.0799	1.24	1.62	11.22	1.11	7.66	10.58
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	36.26	N/A	N/A	0.01
Ten Year Return	18.94	16.79	16.79	15.95	17.13	16.97	4.45	13.36	5.86	2.47
Day Typical Price	28.45	64.78	65.2	50.05	70.48	70.65	83.69	56.54	24.37	40.17
Daily Balance Of Power	0	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	0	0	0
Period Momentum Indicator	(0.18)	0.11	0.11	0.08	0.12	0.12	0.42	(0.29)	(0.40)	(0.74)
Rate Of Daily Change	0.99	1.0	1.0	1.0	1.0	1.0	1.01	0.99	0.98	0.98
Day Median Price	28.45	64.78	65.2	50.05	70.48	70.65	83.69	56.54	24.37	40.17
Price Action Indicator	(0.09)	0.055	0.055	0.04	0.06	0.06	0.21	(0.14)	(0.20)	(0.37)
Relative Strength Index	50.62	55.76	52.78	56.29	55.65	55.67	80.1	55.85	61.21	66.57
Coefficient Of Variation	1693.78	553.27	898.32	554.98	557.56	556.9	269.1	1024.27	665.33	573.67
Mean Deviation	0.7091	0.6741	0.6348	0.7008	0.6663	0.667	0.5557	0.6194	0.8674	0.6
Jensen Alpha	0.0282	0.1346	0.0621	0.1555	0.1295	0.1298	0.2412	0.0478	0.121	0.1041
Total Risk Alpha	(0.000088)	0.1084	0.0416	0.1218	0.1044	0.1047	0.2237	0.0367	0.1067	0.0857
Sortino Ratio	0.0117	0.1892	0.0715	0.1981	0.1789	0.1818	0.3002	0.059	0.1058	0.1268
Downside Variance	0.6721	0.3803	0.4174	0.4651	0.3898	0.3794	0.5551	0.6463	1.44	0.4757
Standard Deviation	0.9243	0.8943	0.8184	0.9991	0.8733	0.8741	0.7228	0.9463	1.14	0.7595
Kurtosis	0.6408	1.68	0.1687	6.03	0.9715	0.9755	0.6032	10.36	0.079	0.3413
Potential Upside	1.74	1.83	1.78	1.81	1.84	1.82	1.49	1.28	2.05	1.14
Treynor Ratio	0.0951	0.3116	0.149	0.4079	0.2991	0.2985	0.5187	0.0833	0.1383	0.2334
Maximum Drawdown	5.07	4.62	3.69	6.04	4.23	4.24	3.96	7.0	4.71	2.82
Variance	0.8544	0.7998	0.6698	0.9983	0.7626	0.764	0.5224	0.8955	1.31	0.5768
Market Risk Adjusted Performance	0.1051	0.3216	0.159	0.4179	0.3091	0.3085	0.5287	0.0933	0.1483	0.2434
Risk Adjusted Performance	0.0449	0.1326	0.0817	0.1331	0.1314	0.1316	0.2687	0.073	0.1124	0.1265
Skewness	0.0869	1.04	0.5993	1.63	0.8939	0.8902	(0.14)	1.83	(0.09)	(0.02)
Semi Deviation	0.7494	0.3972	0.5387	0.4224	0.4107	0.4118	0.1806	0.7005	0.9031	0.5088
Information Ratio	0.0104	0.1305	0.0564	0.1352	0.1279	0.1281	0.3094	0.0501	0.111	0.1151
Value At Risk	(1.13)	(1.07)	(1.14)	(1.09)	(1.07)	(1.06)	(0.90)	(1.22)	(1.95)	(1.02)
Expected Short fall	(0.89)	(0.87)	(0.79)	(0.91)	(0.86)	(0.86)	(0.64)	(0.69)	(0.91)	(0.73)
Downside Deviation	0.8198	0.6167	0.646	0.682	0.6243	0.616	0.7451	0.8039	1.2	0.6897
Semi Variance	0.5616	0.1578	0.2902	0.1784	0.1687	0.1696	0.0326	0.4907	0.8155	0.2588

Health Care Competition Performance Charts

Five steps to successful analysis of Health Care Competition

Health Care'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 Health Care Portfolio in relation to its competition. Health Care's competition analysis typically involves several steps, including:

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

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Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 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 Online Gaming Theme or any other thematic opportunities.

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Other Information on Investing in Health Mutual Fund

Health Care financial ratios help investors to determine whether Health 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 Health with respect to the benefits of owning Health Care security.

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Health Care Competition

Health Care vs Emerging Markets Correlation

Weak diversification

Specify up to 10 symbols:

Health Care Competition Correlation Matrix

Risk-Adjusted Indicators

Health Care Competitive Analysis

Health Care Competition Performance Charts

Five steps to successful analysis of Health Care Competition

Complement your Health Care position

Did You Try This Idea?

Run Online Gaming Thematic Idea Now

Online Gaming

Other Information on Investing in Health Mutual Fund

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