Compare Siit to Columbia, Janus, Nationwide, Nationwide

Comparing Siit to Columbia, Janus, Nationwide, Nationwide can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

	SDLAX	CLXRX	JDNAX	GRISX	GRMAX
SDLAX		0.99	0.95	0.96	0.99	SDLAX
CLXRX	0.99		0.97	0.96	1.0	CLXRX
JDNAX	0.95	0.97		0.92	0.97	JDNAX
GRISX	0.96	0.96	0.92		0.96	GRISX
GRMAX	0.99	1.0	0.97	0.96		GRMAX
	SDLAX	CLXRX	JDNAX	GRISX	GRMAX

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Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
SDLAX	0.58	0.01	0.00	0.14	0.74	(0.61)	1.21	(1.24)	4.70
CLXRX	0.55	0.01	(0.02)	0.13	0.65	(0.59)	1.17	(1.31)	3.84
JDNAX	0.56	(0.02)	(0.06)	0.10	0.66	(0.57)	1.01	(1.20)	3.34
GRISX	0.55	0.10	(0.04)	(3.96)	0.67	(0.60)	1.16	(1.30)	3.84
GRMAX	0.55	0.00	(0.02)	0.13	0.65	(0.60)	1.13	(1.31)	3.83

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Competitive Analysis

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	SDLAX	CLXRX	JDNAX	GRISX	GRMAX
	0.49 24.55 Siit	0.56 66.76 Columbia	0.49 80.67 Janus	0.38 28.65 Nationwide	0.56 28.57 Nationwide
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Good	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Buy	Buy	Cautious Hold	Buy
Net Asset	2.6 B	3.77 B	5.62 B	3.13 B	1.27 B
Minimum Initial Investment	100 K	N/A	N/A	N/A	N/A
Price To Book	2.71 X	2.63 X	3.57 X	2.68 X	2.61 X
Five Year Return	16.24 %	15.54 %	11.57 %	15.16 %	14.98 %
One Year Return	32.21 %	32.57 %	21.22 %	32.60 %	32.35 %
Last Dividend Paid	N/A	0.11	0.11	0.05	0.04
Price To Earning	19.38 X	18.51 X	17.72 X	19.07 X	18.77 X
Price To Sales	1.89 X	1.73 X	1.86 X	1.86 X	1.83 X
Cash Position Weight	0.68 %	0.61 %	0.36 %	0.16 %	0.16 %
Equity Positions Weight	88.19 %	99.39 %	99.64 %	99.84 %	99.84 %
Three Year Return	9.43 %	9.93 %	6.47 %	9.61 %	9.43 %
Annual Yield	0.01 %	0.01 %	0.01 %	0.01 %	0.01 %
Year To Date Return	26.72 %	26.45 %	16.55 %	26.57 %	26.38 %
Bond Positions Weight	1.22 %	N/A	N/A	N/A	N/A
Ten Year Return	N/A	12.94 %	11.70 %	12.69 %	12.49 %
Day Typical Price	24.55	66.76	80.67	28.65	28.57
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T
Period Momentum Indicator	0.12	0.37	0.39	(0.11)	0.16
Rate Of Daily Change	1.0	1.01	1.0	1.0	1.01
Day Median Price	24.55	66.76	80.67	28.65	28.57
Price Action Indicator	0.06	0.19	0.2	(0.06)	0.08
Relative Strength Index	72.37	72.51	68.56	72.47	73.12
Coefficient Of Variation	622.19	626.03	779.39	738.79	635.1
Mean Deviation	0.5833	0.5461	0.5555	0.5507	0.5471
Jensen Alpha	0.0094	0.0059	(0.02)	0.0965	0.0042
Total Risk Alpha	(0.02)	(0.02)	(0.04)	(0.03)	(0.02)
Sortino Ratio	0.0016	(0.02)	(0.06)	(0.04)	(0.02)
Downside Variance	1.06	0.7023	0.617	0.7108	0.7044
Standard Deviation	0.8665	0.7646	0.7214	0.7647	0.7643
Kurtosis	3.61	2.12	0.8105	1.99	2.1
Potential Upside	1.21	1.17	1.01	1.16	1.13
Treynor Ratio	0.1376	0.1348	0.0996	(3.96)	0.1327
Maximum Drawdown	4.7	3.84	3.34	3.84	3.83
Variance	0.7508	0.5846	0.5204	0.5847	0.5841
Market Risk Adjusted Performance	0.1476	0.1448	0.1096	(3.95)	0.1427
Risk Adjusted Performance	0.124	0.1221	0.0975	0.1035	0.1204
Skewness	0.1873	(0.30)	(0.27)	(0.22)	(0.31)
Semi Deviation	0.7412	0.6465	0.6607	0.666	0.6491
Information Ratio	0.0019	(0.02)	(0.06)	(0.04)	(0.02)
Value At Risk	(1.24)	(1.31)	(1.20)	(1.30)	(1.31)
Expected Short fall	(0.61)	(0.59)	(0.57)	(0.60)	(0.60)
Downside Deviation	1.03	0.838	0.7855	0.8431	0.8393
Semi Variance	0.5494	0.4179	0.4365	0.4435	0.4213

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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.

Explore Investing Ideas

You can quickly originate your optimal portfoio 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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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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