American Independence Competition

Mutual Funds . USA . 
Fund . American Independence Kansas
SEKSX Fund  USD 10.13  0.01  0.1%   
American Independence competes with Kentucky Tax-free, Hawaiian Tax-free, HUMANA, Barloworld, and Morningstar Unconstrained; as well as few others. The fund is listed under Muni Single State Interm category and is part of American Independence family. Analyzing American Independence 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 American Independence to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out American Independence Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of American Independence competition on your existing holdings.
  
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Independence's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.9510.1310.31
Details
Intrinsic
Valuation
LowRealHigh
9.9510.1310.31
Details
Naive
Forecast
LowNextHigh
9.9610.1410.32
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.1210.1310.14
Details

American Independence Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between American Independence 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 American 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 American Independence does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
HULYX
+ 0.97
KYTFX
ABHYX
+ 0.9
KYTFX
ABHYX
+ 0.85
HULYX
LBHIX
+ 0.69
MSTSX
LBHIX
+ 0.56
ABHYX
444859BR2
+ 0.36
HULYX
  
High negative correlations   
VIASP
- 0.75
SCAXF
MSTSX
- 0.63
444859BR2
LBHIX
- 0.58
444859BR2
MSTSX
- 0.51
BRRAY
ABHYX
- 0.43
BRRAY
LBHIX
- 0.41
BRRAY

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Independence 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 American Independence'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
KYTFX  0.12 (0.01)(0.23)(0.09) 0.18 
(0.24)
 0.28 
(0.41)
 1.25 
HULYX  0.11 (0.01)(0.47)(0.33) 0.15 
(0.16)
 0.19 
(0.28)
 0.95 
444859BR2  1.31 (0.03) 0.00  0.36  0.00 
 0.00 
 5.93 
(4.50)
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.11) 0.00  0.01  0.00 
 0.00 
 0.00 
(2.98)
 34.02 
MSTSX  0.49  0.04 (0.11)(0.30) 0.52 
(0.59)
 1.21 
(1.02)
 2.80 
ABHYX  0.16  0.00 (0.20) 0.08  0.26 
(0.24)
 0.34 
(0.33)
 1.91 
LBHIX  0.11  0.01 (0.32) 0.44  0.00 
(0.29)
 0.24 
(0.24)
 0.96 
SCAXF  0.70 (0.40) 0.00 (1.01) 0.00 
 0.00 
 0.00 
 0.00 
 23.47 
VIASP  0.74  0.11  0.01 (3.65) 1.04 
(0.83)
 2.28 
(1.15)
 7.18 
All Fundamental Data

American Independence Competitive Analysis

The better you understand American Independence competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, American Independence'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 American Independence'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
SEKSX KYTFX HULYX 444859BR2 AQUI BRRAY MSTSX ABHYX LBHIX SCAXF
 0.1 
 10.13 
American
 0.14 
 7.23 
Kentucky
 0.19 
 10.58 
Hawaiian
 0.37 
 80.35 
HUMANA
 0.00 
 0.01 
Aquagold
 0.00 
 4.23 
Barloworld
 0.43 
 11.73 
Morningstar
 0.11 
 8.96 
High-yield
 0.24 
 4.25 
Thrivent
 23.47 
 0.01 
Sparta
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Relatively risky
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
Weak
Weak
Very Weak
Very Weak
Very Weak
Very Weak
Insignificant
Insignificant
Good
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Below Average
Average
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Under 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
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Cautious Hold
Sell
Strong Sell
Strong Sell
Hold
Sell
Cautious Hold
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
N/A
1.49
N/A
N/A
N/A
0.62
Net Asset
128.53 M
796.03 M
666.83 M
N/A
3.19 K
54.41 B
116.1 M
672.37 M
674.44 M
3.06 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
0.0519
N/A
N/A
N/A
-0.1
EBITDA
N/A
N/A
N/A
N/A
(727.69 K)
2.77 B
N/A
N/A
N/A
(21.53 K)
Current Valuation
N/A
N/A
N/A
N/A
912.76 K
1.11 B
N/A
N/A
N/A
5.73 M
Operating Margin
N/A
N/A
N/A
N/A
N/A
0.1
N/A
N/A
N/A
-0.15
Price To Book
N/A
N/A
N/A
N/A
N/A
0.99
N/A
N/A
1.58
34.42
Five Year Return
0.5
0.9
0.47
N/A
N/A
3.98
8.13
1.68
3.31
N/A
Retained Earnings
N/A
N/A
N/A
N/A
(4.18 M)
13.37 B
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
25.84 B
N/A
N/A
N/A
N/A
One Year Return
5.35
5.84
5.38
N/A
N/A
N/A
18.78
12.1
11.68
N/A
Beta
N/A
N/A
N/A
N/A
7.05
0.63
N/A
N/A
N/A
1.75
Cash Position Weight
1.48
0.17
2.55
N/A
N/A
N/A
14.28
0.1
6.56
N/A
Number Of Employees
1
1
1
N/A
7
36
1
1
1
8
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
61.63
N/A
0.07
N/A
Shares Outstanding
N/A
N/A
N/A
N/A
965.83 K
185.7 M
N/A
N/A
N/A
233.95 M
Three Year Return
-1.11
-0.69
-0.57
N/A
N/A
N/A
5.8
-0.71
2.59
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
(218.19 K)
1.89 B
N/A
N/A
N/A
210.37 K
Annual Yield
0.0046
0.0066
0.0043
N/A
N/A
0.0543
0.021
0.0041
0.0617
N/A
Total Debt
N/A
N/A
N/A
N/A
N/A
8.64 B
N/A
N/A
N/A
125 K
Return On Equity
N/A
N/A
N/A
N/A
N/A
0.0588
N/A
N/A
N/A
N/A
Bond Positions Weight
N/A
99.83
97.45
N/A
N/A
N/A
22.72
2.0
92.23
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
37.6
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
-5.5
0.047
N/A
N/A
N/A
-0.21
Book Value Per Share
N/A
N/A
N/A
N/A
-1.18
99.76
N/A
N/A
N/A
-0.002
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
100
N/A
N/A
N/A
N/A
N/A
N/A
2 K
N/A
Current Liabilities
N/A
N/A
N/A
N/A
794 K
13.9 B
N/A
N/A
N/A
N/A
Total Asset
127.52 M
N/A
630.74 M
N/A
3.19 K
54.41 B
215.11 M
243.16 M
347.66 M
3.06 M
Last Dividend Paid
N/A
N/A
0.02
N/A
N/A
4.6
N/A
0.03
0.02
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
0.68
N/A
N/A
N/A
101.0
Target Price
N/A
N/A
N/A
N/A
N/A
7.68
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
Market Capitalization
N/A
N/A
N/A
N/A
96.58 K
955.54 M
50.36 M
N/A
N/A
7.72 M
Price To Earning
N/A
N/A
N/A
N/A
-0.22
9.18
N/A
N/A
35.48
19.55
Price To Sales
N/A
N/A
N/A
N/A
N/A
0.0285
N/A
N/A
1.23
0.63
Net Income
N/A
N/A
N/A
N/A
(627.79 K)
2.04 B
N/A
N/A
N/A
(609.44 K)
Earnings Per Share
N/A
N/A
N/A
N/A
-0.63
0.35
N/A
N/A
N/A
-0.003
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9.51
Year To Date Return
0.57
1.18
1.44
N/A
N/A
N/A
11.76
5.77
6.69
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
39.38 B
N/A
N/A
N/A
5.19 M
Ten Year Return
3.44
3.63
2.75
N/A
N/A
N/A
N/A
4.84
6.0
N/A
Working Capital
N/A
N/A
N/A
N/A
(794 K)
11.95 B
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
1.15 K
5.11 B
N/A
N/A
N/A
909.32 K
Cash Per Share
N/A
N/A
N/A
N/A
N/A
25.52
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
(143.88 K)
5.12 B
N/A
N/A
N/A
3.68 M
Day Typical Price
10.13
7.23
10.58
80.35
0.006
4.23
11.73
8.96
4.25
0.015
Accumulation Distribution
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
(9,223,372,036,855)
0.0
0.0
9.2 T
9.2 T
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
0.01
0.01
0.02
(0.30)
N/A
N/A
0.05
0.01
0.01
(0)
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.77
Day Median Price
10.13
7.23
10.58
80.35
0.006
4.23
11.73
8.96
4.25
0.015
Price Action Indicator
0.005
0.005
0.01
(0.15)
N/A
N/A
0.025
0.005
0.005
(0)
Relative Strength Index
2.47
17.03
2.26
27.16
N/A
18.98
20.48
4.99
11.7
N/A
Coefficient Of Variation
2902.57
3420.9
10864.5
(7,322)
N/A
25169.77
1576.86
2042.34
583.8
(812.40)
Mean Deviation
0.1125
0.1188
0.1108
1.31
N/A
1.27
0.4856
0.1632
0.1099
0.7004
Jensen Alpha
(0.01)
(0.01)
(0.01)
(0.03)
N/A
(0.11)
0.0402
(0.0008)
0.0147
(0.40)
Total Risk Alpha
(0.03)
(0.03)
(0.03)
(0.38)
N/A
(0.54)
(0.05)
(0.03)
(0)
(0.74)
Sortino Ratio
(0.39)
(0.23)
(0.47)
N/A
N/A
N/A
(0.11)
(0.20)
(0.32)
N/A
Downside Variance
0.0706
0.2007
0.0527
N/A
N/A
N/A
0.3987
0.2328
0.0625
N/A
Standard Deviation
0.1786
0.224
0.1714
2.57
N/A
4.2
0.6318
0.2858
0.1689
2.89
Kurtosis
5.58
5.98
4.53
5.85
N/A
11.15
0.1097
8.76
3.69
66.0
Potential Upside
0.1988
0.2793
0.1908
5.93
N/A
N/A
1.21
0.3382
0.2381
N/A
Treynor Ratio
(0.10)
(0.09)
(0.33)
0.3578
N/A
0.0057
(0.30)
0.0825
0.4414
(1.01)
Maximum Drawdown
0.8921
1.25
0.9492
16.62
N/A
34.02
2.8
1.91
0.9552
23.47
Variance
0.0319
0.0502
0.0294
6.6
N/A
17.65
0.3991
0.0817
0.0285
8.35
Market Risk Adjusted Performance
(0.09)
(0.08)
(0.32)
0.3678
N/A
0.0157
(0.29)
0.0925
0.4514
(1.00)
Risk Adjusted Performance
(0.01)
(0)
(0.03)
(0)
N/A
0.0112
0.0463
0.0207
0.0955
(0.09)
Skewness
(0.99)
(0.56)
(0.61)
1.05
N/A
0.4951
0.1403
(1.73)
1.16
(8.12)
Semi Deviation
0.1516
0.1759
0.1533
N/A
N/A
N/A
0.5186
0.2553
0.0
N/A
Information Ratio
(0.58)
(0.46)
(0.63)
(0.06)
N/A
(0.02)
(0.11)
(0.33)
(0.48)
(0.16)
Value At Risk
(0.29)
(0.41)
(0.28)
(4.50)
N/A
(2.98)
(1.02)
(0.33)
(0.24)
N/A
Expected Short fall
(0.16)
(0.24)
(0.16)
N/A
N/A
N/A
(0.59)
(0.24)
(0.29)
N/A
Downside Deviation
0.2657
0.448
0.2296
N/A
N/A
N/A
0.6314
0.4825
0.25
N/A
Semi Variance
0.023
0.031
0.0235
N/A
N/A
N/A
0.2689
0.0652
(0.02)
N/A

American Independence Competition Performance Charts

Five steps to successful analysis of American Independence Competition

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

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Other Information on Investing in American Mutual Fund

American Independence financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Independence security.
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