Performance Trust Competition

Mutual Funds . USA . 
Fund . Performance Trust Municipal
PTRMX Fund  USD 23.06  0.01  0.04%   
Performance Trust competes with Performance Trust, Dreyfus Intermediate, Pioneer Amt-free, Core Bond, and California Tax-free; as well as few others. The fund is listed under Muni National Interm category and is part of Performance Trust Asset Management family. Analyzing Performance Trust 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 Performance Trust to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Performance Trust Correlation with its peers.

Performance Trust vs Invesco Municipal Correlation

Almost no diversification

The correlation between Performance Trust Municipal and VMO is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Trust Municipal and VMO in the same portfolio, assuming nothing else is changed.

Moving together with Performance Mutual Fund

  0.7PTAOX Performance TrustPairCorr
  0.85PTCRX Performance Trust CreditPairCorr
  0.7PTIAX Performance TrustPairCorr
  1.0PTIMX Performance TrustPairCorr

Moving against Performance Mutual Fund

  0.63CISGX Touchstone Sands CapitalPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
22.9723.0623.15
Details
Intrinsic
Valuation
LowRealHigh
21.0821.1725.37
Details

Performance Trust Competition Correlation Matrix

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

Risk-Adjusted Indicators

There is a big difference between Performance Mutual Fund performing well and Performance Trust 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 Performance Trust'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PTIMX  0.07  0.02 (0.39) 3.93  0.00 
(0.08)
 0.18 
(0.09)
 0.53 
DITEX  0.06  0.01 (0.64) 3.88  0.00 
(0.11)
 0.16 
(0.08)
 0.39 
PBYMX  0.11 (0.02) 0.00 (0.35) 0.00 
 0.00 
 0.24 
(0.24)
 1.96 
EXCRX  0.15  0.00 (0.36) 0.00  0.14 
(0.18)
 0.22 
(0.22)
 0.86 
PRXCX  0.08  0.00 (0.36) 0.11  0.00 
(0.12)
 0.19 
(0.19)
 0.74 
ERBAX  0.59  0.01 (0.01) 0.09  0.73 
(0.60)
 1.17 
(1.23)
 3.25 
ERBIX  0.59  0.01 (0.01) 0.10  0.71 
(0.59)
 1.16 
(1.23)
 3.30 
PTTFX  0.15  0.00 (0.39) 0.02  0.11 
(0.20)
 0.24 
(0.24)
 0.71 
ABHYX  0.08  0.00 (0.29) 0.37  0.00 
(0.17)
 0.23 
(0.12)
 0.92 
VMO  0.32  0.05 (0.09)(4.85) 0.25 
(0.37)
 0.73 
(0.53)
 1.36 

Performance Trust Competitive Analysis

The better you understand Performance Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Performance Trust'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 Performance Trust'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
PTRMX PTIMX DITEX PBYMX EXCRX PRXCX ERBAX ERBIX PTTFX ABHYX
 0.04 
 23.06 
Performance
 0.04 
 23.00 
Performance
 0.15 
 12.99 
Dreyfus
 0.08 
 12.27 
PIONEER
 0.43 
 9.33 
Core
 0.09 
 10.81 
California
 2.16 
 18.89 
Eaton
 2.16 
 18.90 
Eaton
 0.12 
 8.44 
PTTFX
 0.11 
 8.77 
High-yield
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
Solid
Solid
Weakest
Soft
Mild
Fair
Fair
Weak
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
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly 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 Sell
Sell
Cautious Hold
Strong Sell
Strong Hold
Strong Hold
Cautious Hold
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net Asset
735.42 M
711.37 M
353.85 M
915.51 M
633.56 M
769.97 M
455.95 M
455.95 M
39.86 M
558 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
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
N/A
N/A
2.11
2.11
N/A
N/A
Operating Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Valuation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Five Year Return
0.52
0.7
0.88
-1.5
-0.49
1.0
9.84
10.43
-0.23
0.91
Retained Earnings
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
4.78
5.03
5.53
-0.91
6.35
3.52
20.81
20.39
6.41
3.55
Beta
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Position Weight
3.61
3.48
0.62
7.22
2.34
0.44
1.62
2.46
2.42
0.1
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
98.04
97.51
0.63
N/A
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Three Year Return
3.69
3.73
3.16
1.49
3.43
3.25
15.29
15.5
4.24
3.59
Cash Flow From Operations
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Annual Yield
0.0363
0.0402
0.0281
0.0138
0.0418
0.0052
0.0078
0.0103
0.0511
0.0041
Total Debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Bond Positions Weight
96.39
1.37
99.38
92.77
5.39
99.56
N/A
N/A
5.47
2.0
Return On Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Minimum Initial Investment
1 K
N/A
2.5 K
5 M
N/A
2.5 K
1 K
N/A
N/A
N/A
Total Asset
15.52 M
696.16 M
353.85 M
414.23 M
2.36 M
407.72 M
160.87 M
280.18 M
639.11 M
218.83 M
Last Dividend Paid
0.05
0.06
0.02
0.03
0.03
0.02
N/A
N/A
0.02
0.03
Debt To Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Earning
N/A
N/A
17.98
N/A
N/A
N/A
17.78
17.78
N/A
N/A
Price To Sales
N/A
N/A
N/A
N/A
N/A
N/A
1.61
1.61
N/A
N/A
Net Income
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Year To Date Return
1.28
0.82
0.75
0.4
0.13
0.33
4.24
4.07
0.5
0.41
Revenue
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Ten Year Return
N/A
N/A
3.39
5.43
4.04
4.21
N/A
N/A
N/A
4.84
Cash And Equivalents
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Day Typical Price
23.06
23.0
12.99
12.27
9.33
10.81
18.89
18.9
8.44
8.77
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
9.2 T
9.2 T
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
0.01
0.02
0.01
0.04
0.01
0.4
0.4
0.01
0.01
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.0
1.02
1.02
1.0
1.0
Day Median Price
23.06
23.0
12.99
12.27
9.33
10.81
18.89
18.9
8.44
8.77
Price Action Indicator
0.005
0.005
0.01
0.005
0.02
0.005
0.2
0.2
0.005
0.005
Coefficient Of Variation
360.17
358.26
327.52
(3,789)
1886.53
922.59
942.48
932.58
1675.67
959.72
Mean Deviation
0.0667
0.0669
0.0622
0.1093
0.1483
0.0758
0.5938
0.585
0.1468
0.0767
Jensen Alpha
0.015
0.017
0.0144
(0.02)
(0)
8.0E-4
0.01
0.0123
(0)
0.0031
Total Risk Alpha
0.0067
0.0076
0.0067
(0.04)
(0.02)
(0.01)
(0)
(0)
(0.02)
(0.01)
Sortino Ratio
(0.47)
(0.39)
(0.64)
N/A
(0.36)
(0.36)
(0.01)
(0.01)
(0.39)
(0.29)
Downside Variance
0.0188
0.0258
0.0103
N/A
0.0483
0.0447
0.7198
0.744
0.0411
0.0686
Standard Deviation
0.0932
0.0978
0.081
0.2241
0.1877
0.1175
0.7728
0.7721
0.1839
0.1341
Kurtosis
2.62
4.49
0.8454
18.97
0.0317
4.91
0.1152
0.1812
(0.48)
5.34
Potential Upside
0.1324
0.1759
0.1564
0.2445
0.2162
0.1864
1.17
1.16
0.2389
0.2291
Treynor Ratio
1.5
3.93
3.88
(0.35)
(0)
0.1126
0.0925
0.0959
0.0233
0.3714
Maximum Drawdown
0.5674
0.5295
0.3909
1.96
0.863
0.7435
3.25
3.3
0.7143
0.9164
Variance
0.0087
0.0096
0.0066
0.0502
0.0352
0.0138
0.5973
0.5962
0.0338
0.018
Market Risk Adjusted Performance
1.51
3.94
3.89
(0.34)
0.0086
0.1226
0.1025
0.1059
0.0333
0.3814
Risk Adjusted Performance
0.1473
0.1525
0.1565
(0.05)
0.0098
0.0288
0.0851
0.086
0.0143
0.0339
Skewness
(0.89)
(1.51)
0.5068
2.88
(0.19)
(1.24)
(0.18)
(0.18)
0.1558
(0.46)
Semi Deviation
0.0
0.0
0.0
N/A
0.1407
0.0
0.732
0.7141
0.1112
0.0
Information Ratio
(0.68)
(0.64)
(0.80)
(0.43)
(0.42)
(0.65)
(0.01)
(0.01)
(0.43)
(0.56)
Value At Risk
(0.13)
(0.09)
(0.08)
(0.24)
(0.22)
(0.19)
(1.23)
(1.23)
(0.24)
(0.12)
Expected Short fall
(0.09)
(0.08)
(0.11)
N/A
(0.18)
(0.12)
(0.60)
(0.59)
(0.20)
(0.17)
Downside Deviation
0.137
0.1605
0.1016
N/A
0.2197
0.2114
0.8484
0.8625
0.2027
0.262
Semi Variance
(0.02)
(0.02)
(0.02)
N/A
0.0198
(0)
0.5359
0.5099
0.0124
(0)

Performance Trust Competition Performance Charts

Five steps to successful analysis of Performance Trust Competition

Performance Trust'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 Performance Trust in relation to its competition. Performance Trust's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Performance Trust 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 Performance Trust's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Performance Trust, 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 Performance Trust position

In addition to having Performance Trust 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.

Did You Try This Idea?

Run Air Thematic Idea Now

Air
Air Theme
Companies specializing in air services and air delivery. The Air theme has 39 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 Air Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Performance Mutual Fund

Performance Trust financial ratios help investors to determine whether Performance 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 Performance with respect to the benefits of owning Performance Trust security.
Equity Valuation
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Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
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