Vela Large Competition

VELAX Fund

USD 18.19 0.04 0.22%

Vela Large Cap competes with Champlain Mid, Kinetics Small, Tfa Alphagen, Artisan Small, and T Rowe; as well as few others. The fund is listed under Large Blend category and is part of VELA Funds family. Analyzing Vela Large 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 Vela Large to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Vela Large 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 Vela Large competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
17.66	18.15	18.64

Details

Intrinsic

Valuation

Low	Real	High
17.53	18.02	18.51

Details

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

Vela Large Competition Correlation Matrix

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

	CIPMX	KSCYX	TFAGX	APDSX	TRBCX	NMFAX	EIPIX
CIPMX		0.93	0.92	0.93	0.89	0.92	0.92	CIPMX
KSCYX	0.93		0.9	0.88	0.91	0.87	0.95	KSCYX
TFAGX	0.92	0.9		0.93	0.98	0.99	0.88	TFAGX
APDSX	0.93	0.88	0.93		0.91	0.93	0.84	APDSX
TRBCX	0.89	0.91	0.98	0.91		0.97	0.86	TRBCX
NMFAX	0.92	0.87	0.99	0.93	0.97		0.87	NMFAX
EIPIX	0.92	0.95	0.88	0.84	0.86	0.87		EIPIX
	CIPMX	KSCYX	TFAGX	APDSX	TRBCX	NMFAX	EIPIX

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Risk-Adjusted Indicators

There is a big difference between Vela Mutual Fund performing well and Vela Large 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 Vela Large'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
CIPMX	0.66	0.02	0.01	0.14	0.71	(0.70)	1.24	(1.23)	4.05
KSCYX	1.28	0.54	0.30	0.63	1.15	(1.49)	3.29	(2.03)	13.94
TFAGX	0.60	(0.02)	(0.03)	0.09	0.82	(0.64)	1.32	(1.38)	4.35
APDSX	0.96	0.01	0.03	0.13	1.14	(0.97)	2.03	(1.99)	5.77
TRBCX	0.72	0.01	(0.01)	0.13	0.97	(0.68)	1.66	(2.18)	4.86
NMFAX	0.55	(0.01)	(0.05)	0.10	0.66	(0.62)	1.13	(1.30)	3.64
EIPIX	0.57	0.14	0.10	0.43	0.43	(0.68)	1.26	(0.98)	2.96

Unable to evaluate fundamental data of [CIPMX, KSCYX, TFAGX, APDSX, TRBCX, NMFAX, EIPIX] at this time. Please try again later

All Fundamental Data

Vela Large Competitive Analysis

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

	VELAX	CIPMX	KSCYX	TFAGX	APDSX	TRBCX	NMFAX	EIPIX
	0.22 18.19 Vela	0.27 26.13 Champlain	1.52 227.98 Kinetics	0.71 11.33 Tfa	0.45 40.02 Artisan	0.85 203.23 TRBCX	0.64 15.64 NATIONWIDE	0.90 20.12 Eip
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)	Good	Good	Very Strong	Good	Solid	Good	Good	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Under 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)	Buy	Buy	Strong Buy	Strong Hold	Buy	Strong Hold	Strong Hold	Strong Buy
Net Asset	60.56 M	5.5 B	300.6 M	38.55 M	1.78 B	55.43 B	1.2 B	148.81 M
Minimum Initial Investment	N/A	10 K	1000 K	250	N/A	2.5 K	N/A	N/A
Price To Book	N/A	2.93 X	1.86 X	N/A	N/A	4.05 X	3.81 X	N/A
Five Year Return	N/A	9.01 %	31.97 %	N/A	7.19 %	15.21 %	13.87 %	14.14 %
Last Dividend Paid	0.01	N/A	0.35	N/A	N/A	N/A	0.02	0.13
One Year Return	N/A	22.39 %	100.00 %	N/A	31.80 %	38.08 %	31.13 %	38.52 %
Price To Earning	N/A	22.27 X	20.38 X	N/A	N/A	2.65 X	18.34 X	N/A
Price To Sales	N/A	2.14 X	0.71 X	N/A	N/A	2.45 X	1.41 X	N/A
Cash Position Weight	13.49 %	2.97 %	6.32 %	N/A	0.82 %	0.33 %	(2.91) %	(4.06) %
Equity Positions Weight	86.51 %	97.03 %	89.48 %	N/A	99.18 %	98.64 %	102.91 %	100.82 %
Three Year Return	N/A	(1.53) %	32.79 %	N/A	(3.73) %	6.32 %	6.87 %	19.68 %
Annual Yield	N/A	N/A	0.01 %	0 %	N/A	N/A	0.01 %	0.03 %
Year To Date Return	N/A	11.41 %	100.00 %	N/A	20.72 %	34.26 %	24.86 %	36.41 %
Ten Year Return	N/A	14.39 %	10.69 %	N/A	16.71 %	16.98 %	13.70 %	7.34 %
Day Typical Price	18.19	26.13	227.98	11.33	40.02	203.23	15.64	20.12
Daily Balance Of Power	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.04	0.07	(3.53)	0.08	0.18	1.72	0.1	0.18
Rate Of Daily Change	1.0	1.0	0.98	1.01	1.0	1.01	1.01	1.01
Day Median Price	18.19	26.13	227.98	11.33	40.02	203.23	15.64	20.12
Price Action Indicator	0.02	0.035	(1.77)	0.04	0.09	0.86	0.05	0.09
Relative Strength Index	67.81	78.34	95.92	75.21	77.01	71.32	72.65	76.96
Coefficient Of Variation	826.89	636.69	287.72	917.88	741.6	878.87	835.9	368.12
Mean Deviation	0.387	0.6575	1.28	0.5993	0.9625	0.7236	0.5496	0.5727
Jensen Alpha	(0.02)	0.0182	0.5449	(0.02)	0.0133	0.0088	(0.01)	0.1398
Total Risk Alpha	(0.02)	(0)	0.3736	(0.05)	(0.03)	(0.05)	(0.03)	0.0794
Sortino Ratio	(0.14)	0.0069	0.2988	(0.03)	0.0319	(0.01)	(0.05)	0.1033
Downside Variance	0.2271	0.778	3.41	1.02	2.17	1.58	0.635	0.5314
Standard Deviation	0.5032	0.837	1.95	0.8617	1.28	1.04	0.7442	0.7386
Kurtosis	1.73	(0.02)	5.96	3.08	1.19	1.3	1.59	0.1582
Potential Upside	0.6738	1.24	3.29	1.32	2.03	1.66	1.13	1.26
Treynor Ratio	0.0835	0.1358	0.6308	0.0928	0.1256	0.1256	0.0978	0.4326
Maximum Drawdown	2.7	4.05	13.94	4.35	5.77	4.86	3.64	2.96
Variance	0.2532	0.7006	3.79	0.7426	1.63	1.08	0.5538	0.5455
Market Risk Adjusted Performance	0.0935	0.1458	0.6408	0.1028	0.1356	0.1356	0.1078	0.4426
Risk Adjusted Performance	0.0874	0.1212	0.2724	0.0846	0.1073	0.0898	0.0914	0.2078
Skewness	0.523	(0.14)	0.9595	(0.76)	(0.60)	(0.53)	(0.26)	(0.0008)
Semi Deviation	0.3436	0.7129	1.15	0.818	1.14	0.9654	0.6638	0.4298
Information Ratio	(0.13)	0.0073	0.2832	(0.04)	0.0367	(0.01)	(0.05)	0.1019
Value At Risk	(0.80)	(1.23)	(2.03)	(1.38)	(1.99)	(2.18)	(1.30)	(0.98)
Expected Short fall	(0.43)	(0.70)	(1.49)	(0.64)	(0.97)	(0.68)	(0.62)	(0.68)
Downside Deviation	0.4766	0.8821	1.85	1.01	1.47	1.26	0.7969	0.729
Semi Variance	0.1181	0.5082	1.32	0.6691	1.29	0.9321	0.4407	0.1847

Vela Large Competition Performance Charts

Five steps to successful analysis of Vela Large Competition

Vela Large'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 Vela Large Cap in relation to its competition. Vela Large's competition analysis typically involves several steps, including:

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

In addition to having Vela Large 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.

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Other Information on Investing in Vela Mutual Fund

Vela Large financial ratios help investors to determine whether Vela 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 Vela with respect to the benefits of owning Vela Large security.

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