Sierra Tactical Competition

STMKX Fund

USD 25.97 0.06 0.23%

Sierra Tactical Municipal competes with Nuveen High, Nuveen High, Nuveen High, Nuveen High, and American High-income; as well as few others. The fund is listed under High Yield Muni category and is part of Sierra Trust family. Analyzing Sierra Tactical 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 Sierra Tactical to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Sierra Tactical 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 Sierra Tactical competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
25.64	25.91	26.18

Details

Intrinsic

Valuation

Low	Real	High
24.95	25.22	28.50

Details

Sierra Tactical Competition Correlation Matrix

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

	NHMAX	NHCCX	NHMRX	NHMFX	ABHFX	AMHIX	GHYAX
NHMAX		1.0	1.0	1.0	0.45	0.45	0.52	NHMAX
NHCCX	1.0		1.0	1.0	0.44	0.44	0.51	NHCCX
NHMRX	1.0	1.0		1.0	0.45	0.45	0.52	NHMRX
NHMFX	1.0	1.0	1.0		0.45	0.45	0.52	NHMFX
ABHFX	0.45	0.44	0.45	0.45		1.0	0.99	ABHFX
AMHIX	0.45	0.44	0.45	0.45	1.0		0.99	AMHIX
GHYAX	0.52	0.51	0.52	0.52	0.99	0.99		GHYAX
	NHMAX	NHCCX	NHMRX	NHMFX	ABHFX	AMHIX	GHYAX

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Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sierra Mutual Fund performing well and Sierra Tactical 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 Sierra Tactical'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
NHMAX	0.25	0.01	(0.26)	0.05	0.42	(0.27)	0.61	(0.59)	2.28
NHCCX	0.25	0.01	0.00	0.08	0.00	0.00	0.60	(0.59)	2.17
NHMRX	0.25	0.01	(0.27)	0.05	0.39	(0.31)	0.61	(0.59)	2.35
NHMFX	0.26	0.01	(0.26)	0.05	0.41	(0.28)	0.61	(0.65)	2.28
ABHFX	0.16	0.03	(0.26)	(0.14)	0.24	(0.18)	0.33	(0.32)	1.50
AMHIX	0.16	0.03	(0.26)	(0.14)	0.24	(0.18)	0.33	(0.32)	1.50
GHYAX	0.18	0.02	(0.24)	(0.10)	0.23	(0.26)	0.43	(0.42)	1.72

Unable to evaluate fundamental data of [NHMAX, NHCCX, NHMRX, NHMFX, ABHFX, AMHIX, GHYAX] at this time. Please try again later

All Fundamental Data

Sierra Tactical Competitive Analysis

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

	STMKX	NHMAX	NHCCX	NHMRX	NHMFX	ABHFX	AMHIX	GHYAX
	0.23 25.97 Sierra	0.27 15.13 Nuveen	0.33 15.07 Nuveen	0.33 15.14 Nuveen	0.26 15.14 Nuveen	0.19 15.57 American	0.19 15.57 American	0.21 9.42 Goldman
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Modest	Modest	Insignificant
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over 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
Trade Advice (90 Days Macroaxis Advice)	Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Sell	Sell	Sell
Net Asset	179.2 M	17.78 B	17.78 B	17.46 B	17.46 B	9.7 B	9.7 B	9.53 B
Minimum Initial Investment	N/A	N/A	N/A	100 K	N/A	N/A	N/A	N/A
Price To Book	N/A	8.54 X	8.54 X	8.54 X	N/A	N/A	N/A	N/A
Five Year Return	2.12 %	1.42 %	0.60 %	1.72 %	1.65 %	2.42 %	2.39 %	1.79 %
One Year Return	6.71 %	11.44 %	10.50 %	12.15 %	11.70 %	12.31 %	11.90 %	11.53 %
Last Dividend Paid	0.05	0.07	0.06	0.07	0.07	N/A	N/A	0.02
Price To Earning	N/A	10.30 X	10.30 X	10.30 X	N/A	N/A	N/A	N/A
Price To Sales	N/A	1.16 X	1.16 X	1.16 X	N/A	N/A	N/A	N/A
Cash Position Weight	99.73 %	0.08 %	0.08 %	7.23 %	0.08 %	1.95 %	1.95 %	0.67 %
Equity Positions Weight	N/A	8.71 %	8.71 %	4.14 %	8.71 %	0.15 %	0.15 %	N/A
Three Year Return	1.14 %	(1.83) %	(2.64) %	(1.48) %	(1.61) %	0.78 %	0.68 %	(0.47) %
Annual Yield	0.02 %	0.05 %	0.04 %	0.05 %	0.05 %	0 %	0.01 %	0 %
Year To Date Return	2.45 %	5.73 %	4.99 %	6.36 %	5.95 %	7.18 %	6.76 %	5.96 %
Bond Positions Weight	0.02 %	8.76 %	8.76 %	88.63 %	8.76 %	5.86 %	5.86 %	9.13 %
Ten Year Return	N/A	6.43 %	5.58 %	6.65 %	6.66 %	5.14 %	5.22 %	5.66 %
Day Typical Price	25.97	15.13	15.07	15.14	15.14	15.57	15.57	9.42
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
Period Momentum Indicator	0.06	0.04	0.05	0.05	0.04	0.03	0.03	0.02
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	25.97	15.13	15.07	15.14	15.14	15.57	15.57	9.42
Price Action Indicator	0.03	0.02	0.025	0.025	0.02	0.015	0.015	0.01
Relative Strength Index	52.4	53.8	52.58	53.39	53.7	53.01	53.01	52.73
Coefficient Of Variation	17540.55	52019.57	(11,730)	51932.49	51624.88	1080.86	1080.86	1343.64
Mean Deviation	0.1529	0.2516	0.2504	0.2537	0.2555	0.1592	0.1592	0.1762
Jensen Alpha	5.0E-4	0.0115	0.0068	0.0108	0.0106	0.0253	0.0253	0.0243
Total Risk Alpha	(0.05)	(0.07)	(0.07)	(0.07)	(0.07)	(0.03)	(0.03)	(0.03)
Sortino Ratio	(0.34)	(0.26)	N/A	(0.27)	(0.26)	(0.26)	(0.26)	(0.24)
Downside Variance	0.1347	0.2381	N/A	0.2126	0.2272	0.1568	0.1568	0.1932
Standard Deviation	0.2669	0.3893	0.3852	0.3901	0.3924	0.2585	0.2585	0.2885
Kurtosis	7.82	4.7	4.37	4.01	4.2	7.89	7.89	7.3
Potential Upside	0.3075	0.6135	0.596	0.6135	0.6052	0.3272	0.3272	0.431
Treynor Ratio	0.1095	0.0515	0.0763	0.0533	0.0538	(0.14)	(0.14)	(0.10)
Maximum Drawdown	1.51	2.28	2.17	2.35	2.28	1.5	1.5	1.72
Variance	0.0713	0.1515	0.1484	0.1522	0.154	0.0668	0.0668	0.0832
Market Risk Adjusted Performance	0.1195	0.0615	0.0863	0.0633	0.0638	(0.13)	(0.13)	(0.09)
Risk Adjusted Performance	(0.01)	(0.01)	(0.02)	(0.01)	(0.01)	0.0513	0.0513	0.0405
Skewness	(1.51)	(1.10)	(1.09)	(0.89)	(0.95)	(1.87)	(1.87)	(1.42)
Semi Deviation	0.2841	0.4175	N/A	0.3877	0.4099	0.2422	0.2422	0.2311
Information Ratio	(0.46)	(0.32)	(0.33)	(0.32)	(0.32)	(0.39)	(0.39)	(0.36)
Value At Risk	(0.46)	(0.59)	(0.59)	(0.59)	(0.65)	(0.32)	(0.32)	(0.42)
Expected Short fall	(0.18)	(0.27)	N/A	(0.31)	(0.28)	(0.18)	(0.18)	(0.26)
Downside Deviation	0.367	0.4879	N/A	0.4611	0.4767	0.396	0.396	0.4395
Semi Variance	0.0807	0.1743	N/A	0.1503	0.168	0.0586	0.0586	0.0534

Sierra Tactical Competition Performance Charts

Five steps to successful analysis of Sierra Tactical Competition

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

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

Sierra Tactical financial ratios help investors to determine whether Sierra 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 Sierra with respect to the benefits of owning Sierra Tactical security.

	Fundamental Analysis View fundamental data based on most recent published financial statements
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.

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