Ab Municipal Competition

MISHX Fund

USD 11.27 0.01 0.09%

Ab Municipal Income competes with Ab Global, Ab Global, Ab Global, Ab All, and Ab All; as well as few others. The fund is listed under Miscellaneous Fixed Income category and is part of AllianceBernstein family. Analyzing Ab Municipal 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 Ab Municipal to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ab Municipal Correlation with its peers.

Ab Municipal vs Ab Global Correlation

Almost no diversification

The correlation between Ab Municipal Income and ANAGX is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Municipal Income and ANAGX in the same portfolio, assuming nothing else is changed.

Moving together with MISHX Mutual Fund

0.63	GCEAX	Ab Global E	Pair Corr
0.61	GCEYX	Ab Global E	Pair Corr
0.87	AMTZX	Ab All Market	Pair Corr

Moving against MISHX Mutual Fund

0.53	SUTAX	Ab Sustainable Thematic	Pair Corr
0.53	SUTCX	Ab Sustainable Thematic	Pair Corr
0.53	SUTZX	Ab Sustainable Thematic	Pair Corr

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Hype

Prediction

Low	Estimated	High
11.15	11.27	11.39

Details

Intrinsic

Valuation

Low	Real	High
10.23	10.35	12.40

Details

Naive

Forecast

Low	Next	High
11.20	11.32	11.44

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
10.87	11.24	11.62

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ab Municipal. Your research has to be compared to or analyzed against Ab Municipal's peers to derive any actionable benefits. When done correctly, Ab Municipal'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 Ab Municipal Income.

Ab Municipal Competition Correlation Matrix

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

	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX
GCEAX		0.98	0.98	0.19	0.73	0.73	0.73	0.49	-0.14	0.5	GCEAX
GCECX	0.98		1.0	0.14	0.72	0.71	0.72	0.47	-0.18	0.49	GCECX
GCEYX	0.98	1.0		0.14	0.72	0.72	0.72	0.47	-0.18	0.49	GCEYX
AMTAX	0.19	0.14	0.14		0.55	0.56	0.56	0.48	0.75	0.46	AMTAX
AMTZX	0.73	0.72	0.72	0.55		1.0	1.0	0.79	0.25	0.8	AMTZX
AMTYX	0.73	0.71	0.72	0.56	1.0		1.0	0.79	0.25	0.79	AMTYX
AMTOX	0.73	0.72	0.72	0.56	1.0	1.0		0.79	0.25	0.8	AMTOX
ANAZX	0.49	0.47	0.47	0.48	0.79	0.79	0.79		0.5	0.94	ANAZX
ANAYX	-0.14	-0.18	-0.18	0.75	0.25	0.25	0.25	0.5		0.51	ANAYX
ANAGX	0.5	0.49	0.49	0.46	0.8	0.79	0.8	0.94	0.51		ANAGX
	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX

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High positive correlations

GCEYX	+ 1.0	GCECX
AMTYX	+ 1.0	AMTZX
AMTOX	+ 1.0	AMTZX
AMTOX	+ 1.0	AMTYX
GCECX	+ 0.98	GCEAX
GCEYX	+ 0.98	GCEAX

High negative correlations

ANAYX	- 0.18	GCEYX
ANAYX	- 0.18	GCECX
ANAYX	- 0.14	GCEAX

Risk-Adjusted Indicators

There is a big difference between MISHX Mutual Fund performing well and Ab Municipal 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 Ab Municipal'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
GCEAX	0.72	0.20	0.15	(1.86)	0.52	(0.88)	1.36	(1.30)	11.09
GCECX	0.73	0.16	0.18	0.34	0.47	(0.93)	1.27	(1.28)	11.42
GCEYX	0.72	0.16	0.17	0.33	0.49	(0.93)	1.30	(1.30)	11.04
AMTAX	0.58	0.21	0.12	(1.33)	0.62	(0.62)	1.18	(1.38)	3.68
AMTZX	0.61	0.14	0.10	0.32	0.74	(0.64)	1.10	(1.24)	3.57
AMTYX	0.60	0.13	0.10	0.32	0.77	(0.63)	1.18	(1.32)	3.70
AMTOX	0.61	0.13	0.09	0.32	0.74	(0.67)	1.11	(1.25)	3.61
ANAZX	0.10	0.00	(0.31)	0.20	0.00	(0.17)	0.29	(0.29)	0.58
ANAYX	0.10	0.01	(0.26)	(0.33)	0.00	(0.16)	0.14	(0.29)	0.72
ANAGX	0.10	0.01	(0.31)	0.22	0.00	(0.18)	0.29	(0.29)	0.58

Ab Municipal Competitive Analysis

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

	MISHX	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX
	0.09 11.27 MISHX	0.22 17.86 GCEAX	0.75 17.44 GCECX	0.78 18.00 GCEYX	0.18 11.18 AMTAX	0.91 11.05 AMTZX	0.90 11.22 AMTYX	0.92 10.94 AMTOX	0.14 7.02 ANAZX	0.14 7.02 ANAYX
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)	Solid	Good	Good	Good	Solid	Solid	Solid	Solid	Fair	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Under 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	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Buy	Strong Buy	Cautious Hold	Strong Buy	Strong Buy	Strong Buy	Strong Sell	Strong Sell
Net Asset	3.01 B	534.4 M	534.4 M	534.4 M	746.42 M	2.19 B	2.19 B	2.19 B	6.88 B	6.88 B
Minimum Initial Investment	N/A	N/A	2.5 K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	1.36	N/A	1.27	1.34	N/A	N/A
Five Year Return	1.72	6.3	5.5	6.56	10.27	10.65	10.58	10.38	0.57	0.54
One Year Return	5.82	8.69	7.92	8.99	24.76	24.92	24.63	24.2	5.57	5.7
Last Dividend Paid	0.04	N/A	0.05	N/A	0.25	0.29	0.27	0.27	0.01	0.01
Price To Earning	N/A	N/A	N/A	N/A	20.27	N/A	20.91	19.56	N/A	N/A
Price To Sales	N/A	N/A	N/A	N/A	1.29	N/A	1.23	1.33	18.09	18.09
Cash Position Weight	3.44	0.02	N/A	0.02	21.58	21.58	21.58	21.58	-2.47	37.13
Equity Positions Weight	N/A	99.98	100.0	99.98	78.03	78.03	78.03	78.03	0.09	N/A
Three Year Return	4.93	11.54	10.69	11.81	11.59	11.92	12.48	12.23	4.64	4.62
Annual Yield	0.0036	0.0057	N/A	0.0084	0.0622	0.0663	0.0649	0.0648	0.0334	0.0332
Year To Date Return	1.53	0.63	0.53	0.68	9.33	9.33	9.68	9.63	1.33	1.33
Bond Positions Weight	96.56	N/A	N/A	N/A	N/A	N/A	N/A	N/A	48.26	43.96
Ten Year Return	N/A	N/A	N/A	N/A	-0.64	-0.28	-0.37	-0.53	3.97	4.03
Day Typical Price	11.27	17.86	17.44	18.0	11.18	11.05	11.22	10.94	7.02	7.02
Daily Balance Of Power	9.2 T	0	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.01	(0.04)	0.13	0.14	0.02	0.1	0.1	0.1	0.01	0.01
Rate Of Daily Change	1.0	1.0	1.01	1.01	1.0	1.01	1.01	1.01	1.0	1.0
Day Median Price	11.27	17.86	17.44	18.0	11.18	11.05	11.22	10.94	7.02	7.02
Price Action Indicator	0.005	(0.02)	0.065	0.07	0.01	0.05	0.05	0.05	0.005	0.005
Relative Strength Index	68.02	50.18	50.17	50.09	60.89	61.2	60.82	61.02	57.58	54.91
Coefficient Of Variation	604.81	673.4	633.75	621.79	377.34	429.64	433.18	432.93	784.42	812.71
Mean Deviation	0.0742	0.7171	0.7262	0.7238	0.5817	0.6066	0.5993	0.6091	0.1017	0.0999
Jensen Alpha	0.01	0.1974	0.165	0.1628	0.2063	0.1356	0.1348	0.1331	0.0048	0.0086
Total Risk Alpha	(0)	0.0655	0.0805	0.0822	0.124	0.1006	0.0992	0.0984	(0.01)	(0.01)
Sortino Ratio	(0.33)	0.1512	0.177	0.1705	0.1161	0.0972	0.0951	0.0949	(0.31)	(0.26)
Downside Variance	0.0352	0.6271	0.6085	0.6402	1.17	1.12	1.14	1.12	0.0413	0.0578
Standard Deviation	0.115	1.35	1.39	1.35	0.7767	0.7887	0.7893	0.7826	0.137	0.1389
Kurtosis	4.14	30.85	32.55	30.65	1.65	1.03	1.13	1.08	0.0711	1.27
Potential Upside	0.1791	1.36	1.27	1.3	1.18	1.1	1.18	1.11	0.2857	0.1445
Treynor Ratio	(0.63)	(1.86)	0.3374	0.3305	(1.33)	0.3226	0.3248	0.32	0.1995	(0.33)
Maximum Drawdown	0.7181	11.09	11.42	11.04	3.68	3.57	3.7	3.61	0.5764	0.7178
Variance	0.0132	1.82	1.92	1.82	0.6033	0.6221	0.6229	0.6125	0.0188	0.0193
Market Risk Adjusted Performance	(0.62)	(1.85)	0.3474	0.3405	(1.32)	0.3326	0.3348	0.33	0.2095	(0.32)
Risk Adjusted Performance	0.0697	0.1176	0.1248	0.127	0.2022	0.1778	0.1763	0.1764	0.0515	0.0489
Skewness	(0.17)	4.6	4.78	4.57	(1.06)	(0.92)	(0.97)	(0.96)	(0.25)	(0.84)
Semi Deviation	0.0	0.5157	0.4707	0.4904	0.6156	0.7392	0.7688	0.7366	0.0	0.0
Information Ratio	(0.54)	0.0888	0.0997	0.1011	0.1614	0.1307	0.1288	0.1281	(0.46)	(0.46)
Value At Risk	(0.09)	(1.30)	(1.28)	(1.30)	(1.38)	(1.24)	(1.32)	(1.25)	(0.29)	(0.29)
Expected Short fall	(0.13)	(0.88)	(0.93)	(0.93)	(0.62)	(0.64)	(0.63)	(0.67)	(0.17)	(0.16)
Downside Deviation	0.1877	0.7919	0.7801	0.8001	1.08	1.06	1.07	1.06	0.2032	0.2404
Semi Variance	(0.01)	0.266	0.2215	0.2405	0.379	0.5464	0.591	0.5425	(0.01)	(0)

Ab Municipal Competition Performance Charts

Five steps to successful analysis of Ab Municipal Competition

Ab Municipal'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 Ab Municipal Income in relation to its competition. Ab Municipal's competition analysis typically involves several steps, including:

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

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Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 19 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 Consumption Theme or any other thematic opportunities.

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Other Information on Investing in MISHX Mutual Fund

Ab Municipal financial ratios help investors to determine whether MISHX 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 MISHX with respect to the benefits of owning Ab Municipal security.

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Ab Municipal Competition

Ab Municipal vs Ab Global Correlation

Almost no diversification

Moving together with MISHX Mutual Fund

Moving against MISHX Mutual Fund

Specify up to 10 symbols:

Ab Municipal Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Ab Municipal Competitive Analysis

Ab Municipal Competition Performance Charts

Five steps to successful analysis of Ab Municipal Competition

Complement your Ab Municipal position

Did You Try This Idea?

Run Consumption Thematic Idea Now

Consumption

Other Information on Investing in MISHX Mutual Fund

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