Mh Elite Competition

MHELX Fund

USD 8.93 0.01 0.11%

Mh Elite Small competes with Us Government, Short-term Government, Short Term, Us Government, and Us Government; as well as few others. The fund is listed under Allocation--85%+ Equity category and is part of MH Elite family. Analyzing Mh Elite 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 Mh Elite to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Mh Elite Correlation with its peers.

Mh Elite vs Blackrock Correlation

Weak diversification

The correlation between Mh Elite Small and BIGBX is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mh Elite Small and BIGBX in the same portfolio, assuming nothing else is changed.

Moving together with MHELX Mutual Fund

0.91	MHEFX	Mh Elite Fund	Pair Corr
0.83	MHEIX	Mh Elite Income	Pair Corr
0.92	MHESX	Mh Elite Select	Pair Corr
0.77	GWPCX	American Funds Growth	Pair Corr

Moving against MHELX Mutual Fund

0.47

GABFX

Gmo Asset Allocation

Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
6.02	8.93	11.84

Details

Intrinsic

Valuation

Low	Real	High
5.82	8.73	11.64

Details

Naive

Forecast

Low	Next	High
6.00	8.91	11.82

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
7.45	8.45	9.45

Details

Mh Elite Competition Correlation Matrix

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

	USGFX	TWACX	TWUOX	GVTFX	UGSDX	BIGBX
USGFX		0.75	0.77	1.0	0.45	0.84	USGFX
TWACX	0.75		0.92	0.75	0.77	0.88	TWACX
TWUOX	0.77	0.92		0.76	0.82	0.87	TWUOX
GVTFX	1.0	0.75	0.76		0.44	0.84	GVTFX
UGSDX	0.45	0.77	0.82	0.44		0.58	UGSDX
BIGBX	0.84	0.88	0.87	0.84	0.58		BIGBX
	USGFX	TWACX	TWUOX	GVTFX	UGSDX	BIGBX

Risk-Adjusted Indicators

There is a big difference between MHELX Mutual Fund performing well and Mh Elite 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 Mh Elite'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
USGFX	0.13	(0.01)	(0.37)	(0.14)	0.15	(0.15)	0.25	(0.25)	0.66
TWACX	0.05	0.00	(0.53)	(0.15)	0.00	(0.14)	0.11	(0.11)	0.33
TWUOX	0.07	0.00	(0.51)	0.87	0.00	(0.14)	0.11	(0.11)	0.44
GVTFX	0.13	(0.01)	(0.37)	(0.17)	0.16	(0.15)	0.25	(0.25)	0.58
UGSDX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.52
BIGBX	0.09	(0.01)	(0.45)	(0.15)	0.08	(0.14)	0.20	(0.20)	0.50

Mh Elite Competitive Analysis

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

	MHELX	USGFX	TWACX	TWUOX	GVTFX	UGSDX	BIGBX
	0.11 8.93 MHELX	0.08 12.12 USGFX	0.11 9.02 Short-term	0.11 9.18 Short	0.17 12.12 GVTFX	0.00 1.95 UGSDX	0.10 10.00 Blackrock
Market Volatility (90 Days Market Risk)	Somewhat reliable	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Weak	Fair	Fair	Weak	Fair	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly 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)	Hold	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Hold	Cautious Hold
Holdings Turnover	N/A	N/A	N/A	N/A	N/A	N/A	948.00 %
Net Asset	7.71 M	12.15 B	190.21 M	181.71 M	12.15 B	47.18 M	805.65 M
Minimum Initial Investment	10 K	N/A	N/A	N/A	N/A	5 K	N/A
Price To Book	2.06 X	N/A	N/A	N/A	N/A	N/A	N/A
Five Year Return	6.15 %	0.11 %	0.55 %	1.79 %	(0.01) %	2.03 %	4.39 %
One Year Return	13.89 %	7.95 %	3.63 %	5.34 %	7.18 %	3.92 %	6.24 %
Last Dividend Paid	N/A	0.02	N/A	0.01	0.02	N/A	0.01
Price To Earning	19.97 X	N/A	N/A	N/A	N/A	N/A	N/A
Price To Sales	1.11 X	N/A	N/A	N/A	N/A	N/A	N/A
Cash Position Weight	11.00 %	2.36 %	3.79 %	3.79 %	2.36 %	N/A	N/A
Equity Positions Weight	77.46 %	N/A	N/A	N/A	N/A	N/A	N/A
Three Year Return	14.17 %	3.25 %	2.81 %	4.10 %	3.09 %	3.95 %	3.88 %
Annual Yield	N/A	0.04 %	0.03 %	0.04 %	0.04 %	0.0002 %	0.0004 %
Year To Date Return	7.88 %	0.1 %	0.06 %	0.12 %	0.03 %	2.38 %	0.16 %
Bond Positions Weight	10.39 %	N/A	N/A	N/A	N/A	100.00 %	N/A
Ten Year Return	7.27 %	3.24 %	0.04 %	1.24 %	3.37 %	N/A	3.61 %
Day Typical Price	8.93	12.12	9.02	9.18	12.12	1.95	10.0
Daily Balance Of Power	0	9.2 T	9.2 T	9.2 T	9.2 T	0.0	9.2 T
Period Momentum Indicator	(0.01)	0.01	0.01	0.01	0.02	N/A	0.01
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	8.93	12.12	9.02	9.18	12.12	1.95	10.0
Price Action Indicator	(0.01)	0.005	0.005	0.005	0.01	N/A	0.005
Relative Strength Index	66.07	52.49	56.98	57.09	52.7	100.0	49.81
Coefficient Of Variation	1148.54	6180.92	1251.62	842.43	11902.88	570.02	2666.01
Mean Deviation	1.7	0.1281	0.0544	0.0669	0.1293	0.0304	0.091
Jensen Alpha	0.3146	(0.01)	(0)	0.0015	(0.01)	N/A	(0.01)
Total Risk Alpha	(0.01)	(0.02)	(0.01)	(0.01)	(0.02)	(0)	(0.02)
Sortino Ratio	0.0643	(0.37)	(0.53)	(0.51)	(0.37)	N/A	(0.45)
Downside Variance	15.4	0.0381	0.0168	0.0156	0.0395	N/A	0.0242
Standard Deviation	3.76	0.1629	0.0847	0.0981	0.1651	0.0893	0.1234
Kurtosis	10.64	0.2754	1.01	2.14	0.1636	30.37	0.0977
Potential Upside	2.22	0.2488	0.1115	0.1096	0.249	N/A	0.201
Treynor Ratio	7.23	(0.14)	(0.15)	0.8662	(0.17)	N/A	(0.15)
Maximum Drawdown	28.84	0.6639	0.3346	0.4396	0.5808	0.5181	0.4997
Variance	14.14	0.0265	0.0072	0.0096	0.0273	0.008	0.0152
Market Risk Adjusted Performance	7.24	(0.13)	(0.14)	0.8762	(0.16)	N/A	(0.14)
Risk Adjusted Performance	0.0721	(0.02)	(0.02)	0.0223	(0.03)	0.0566	(0.02)
Skewness	0.5721	(0.35)	0.3285	0.8491	(0.34)	5.61	0.0635
Semi Deviation	3.11	0.1507	0.0	0.0	0.1556	N/A	0.0772
Information Ratio	0.0672	(0.44)	(0.80)	(0.64)	(0.45)	(0.66)	(0.57)
Value At Risk	(1.88)	(0.25)	(0.11)	(0.11)	(0.25)	N/A	(0.20)
Expected Short fall	(1.86)	(0.15)	(0.14)	(0.14)	(0.15)	N/A	(0.14)
Downside Deviation	3.92	0.1952	0.1297	0.125	0.1988	N/A	0.1555
Semi Variance	9.67	0.0227	(0)	(0.01)	0.0242	N/A	0.006

Mh Elite Competition Performance Charts

Five steps to successful analysis of Mh Elite Competition

Mh Elite'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 Mh Elite Small in relation to its competition. Mh Elite's competition analysis typically involves several steps, including:

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

In addition to having Mh Elite 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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Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 43 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 Real Estate Theme or any other thematic opportunities.

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Other Information on Investing in MHELX Mutual Fund

Mh Elite financial ratios help investors to determine whether MHELX 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 MHELX with respect to the benefits of owning Mh Elite security.

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Mh Elite Competition

Mh Elite vs Blackrock Correlation

Weak diversification

Moving together with MHELX Mutual Fund

Moving against MHELX Mutual Fund

Specify up to 10 symbols:

Mh Elite Competition Correlation Matrix

Risk-Adjusted Indicators

Mh Elite Competitive Analysis

Mh Elite Competition Performance Charts

Five steps to successful analysis of Mh Elite Competition

Complement your Mh Elite position

Did You Try This Idea?

Run Real Estate Thematic Idea Now

Real Estate

Other Information on Investing in MHELX Mutual Fund

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