Vela Small Competition

VESAX Fund

USD 21.76 0.06 0.27%

Vela Small Cap competes with Vela Short, Vela International, Vela International, Vela Large, and Vela Large; as well as few others. The fund is listed under Small Blend category and is part of VELA Funds family. Analyzing Vela Small 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 Small to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Vela Small Correlation with its peers.

Vela Small vs Vela Income Correlation

Almost no diversification

The correlation between Vela Small Cap and VIOIX is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vela Small Cap and VIOIX in the same portfolio, assuming nothing else is changed.

Moving together with Vela Mutual Fund

0.93	VASDX	Vela Short Duration	Pair Corr
0.93	VEILX	Vela International	Pair Corr
0.93	VEITX	Vela International	Pair Corr
0.92	VELAX	Vela Large Cap	Pair Corr
0.91	VELIX	Vela Large Cap	Pair Corr

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Hype

Prediction

Low	Estimated	High
20.94	21.76	22.58

Details

Intrinsic

Valuation

Low	Real	High
19.58	23.30	24.12

Details

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

Vela Small Competition Correlation Matrix

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

	VASDX	VEILX	VEITX	VELAX	VELIX	VESMX	VESAX	VESDX	VIOAX	VIOIX
VASDX		0.93	0.93	0.94	0.94	0.93	0.93	0.97	0.88	0.88	VASDX
VEILX	0.93		0.98	0.98	0.96	0.91	0.93	0.91	0.89	0.88	VEILX
VEITX	0.93	0.98		0.96	0.97	0.93	0.93	0.91	0.89	0.9	VEITX
VELAX	0.94	0.98	0.96		0.98	0.9	0.92	0.92	0.84	0.83	VELAX
VELIX	0.94	0.96	0.97	0.98		0.92	0.91	0.92	0.83	0.84	VELIX
VESMX	0.93	0.91	0.93	0.9	0.92		0.98	0.94	0.95	0.97	VESMX
VESAX	0.93	0.93	0.93	0.92	0.91	0.98		0.93	0.97	0.95	VESAX
VESDX	0.97	0.91	0.91	0.92	0.92	0.94	0.93		0.88	0.88	VESDX
VIOAX	0.88	0.89	0.89	0.84	0.83	0.95	0.97	0.88		0.98	VIOAX
VIOIX	0.88	0.88	0.9	0.83	0.84	0.97	0.95	0.88	0.98		VIOIX
	VASDX	VEILX	VEITX	VELAX	VELIX	VESMX	VESAX	VESDX	VIOAX	VIOIX

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Risk-Adjusted Indicators

There is a big difference between Vela Mutual Fund performing well and Vela Small 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 Small'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
VASDX	0.05	0.00	(0.64)	0.34	0.00	(0.15)	0.20	(0.10)	0.50
VEILX	0.70	0.29	0.27	(17.56)	0.33	(0.88)	1.41	(1.19)	9.17
VEITX	0.68	0.22	0.26	0.39	0.32	(0.84)	1.39	(1.12)	9.11
VELAX	0.55	0.15	0.14	2.23	0.19	(0.74)	1.07	(0.65)	7.46
VELIX	0.56	0.10	0.14	0.24	0.17	(0.70)	1.06	(0.70)	7.39
VESMX	0.68	0.13	0.16	0.23	0.41	(0.82)	1.82	(1.03)	3.19
VESAX	0.68	0.20	0.17	3.07	0.42	(0.83)	1.83	(1.04)	3.15
VESDX	0.05	0.01	(0.70)	1.32	0.00	(0.15)	0.10	(0.10)	0.50
VIOAX	0.31	0.11	0.06	(3.54)	0.00	(0.42)	0.90	(0.41)	1.83
VIOIX	0.30	0.07	0.07	0.27	0.00	(0.44)	0.88	(0.42)	1.74

Vela Small Competitive Analysis

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

	VESAX	VASDX	VEILX	VEITX	VELAX	VELIX	VESMX	VESDX	VIOAX	VIOIX
	0.27 21.76 Vela	0.1 10.12 Vela	0.60 16.57 Vela	0.60 16.75 Vela	0.23 17.02 Vela	0.52 17.13 Vela	0.18 21.90 Vela	0.1 10.13 Vela	0.39 10.38 Vela	0.1 10.37 Vela
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	Good	Solid	Solid	Good	Good	Solid	Solid	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued	Over 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)	Strong Buy	Strong Sell	Sell	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Sell	Strong Sell	Cautious Hold
Cash Position Weight	9.77	N/A	7.08	13.37	13.49	5.85	7.15	N/A	N/A	N/A
Equity Positions Weight	90.23	N/A	92.92	86.63	86.51	94.16	92.85	N/A	N/A	N/A
Last Dividend Paid	N/A	N/A	N/A	N/A	0.01	0.01	0.01	N/A	N/A	N/A
Net Asset	82.22 M	N/A	43.61 M	43.61 M	60.56 M	60.56 M	82.22 M	N/A	28.12 M	28.12 M
Annual Yield	N/A	N/A	0.0127	0.014	0.0112	0.0126	N/A	N/A	0.0347	0.0371
Minimum Initial Investment	1 K	N/A	1 K	N/A	N/A	2.5 K	N/A	N/A	N/A	N/A
Daily Balance Of Power	0	0	0	9.2 T	0	0	0	9.2 T	9.2 T	0
Day Typical Price	21.76	10.12	16.57	16.75	17.02	17.13	21.9	10.13	10.38	10.37
Period Momentum Indicator	(0.06)	(0.01)	(0.10)	0.1	(0.04)	(0.09)	(0.04)	0.01	0.04	(0.01)
Rate Of Daily Change	1.0	1.0	0.99	1.01	1.0	0.99	1.0	1.0	1.0	1.0
Day Median Price	21.76	10.12	16.57	16.75	17.02	17.13	21.9	10.13	10.38	10.37
Price Action Indicator	(0.03)	(0.01)	(0.05)	0.05	(0.02)	(0.04)	(0.02)	0.005	0.02	(0.01)
Coefficient Of Variation	397.21	600.6	394.8	399.36	565.44	559.34	407.34	499.88	348.68	340.13
Mean Deviation	0.6813	0.0493	0.6954	0.6843	0.5536	0.5551	0.6762	0.0457	0.306	0.3043
Jensen Alpha	0.2002	0.0027	0.2876	0.2195	0.147	0.1014	0.1278	0.0062	0.1058	0.0726
Total Risk Alpha	0.1173	(0)	0.1655	0.1594	0.0577	0.0591	0.1116	(0)	0.0625	0.0643
Sortino Ratio	0.172	(0.64)	0.2726	0.2588	0.1385	0.1441	0.1641	(0.70)	0.0612	0.0697
Downside Variance	0.5119	0.0155	0.5579	0.5714	0.2553	0.2426	0.5105	0.0118	0.1142	0.0977
Standard Deviation	0.8569	0.0815	1.17	1.15	0.9196	0.9151	0.8549	0.0829	0.3952	0.3893
Kurtosis	(0.21)	4.14	22.69	22.86	23.55	23.07	(0.17)	12.51	0.0051	(0.02)
Potential Upside	1.83	0.1986	1.41	1.39	1.07	1.06	1.82	0.0998	0.8982	0.8772
Treynor Ratio	3.07	0.3431	(17.56)	0.3916	2.23	0.243	0.229	1.32	(3.54)	0.271
Maximum Drawdown	3.15	0.497	9.17	9.11	7.46	7.39	3.19	0.4981	1.83	1.74
Variance	0.7342	0.0066	1.37	1.33	0.8457	0.8373	0.7308	0.0069	0.1562	0.1515
Market Risk Adjusted Performance	3.08	0.3531	(17.55)	0.4016	2.24	0.253	0.239	1.33	(3.53)	0.281
Risk Adjusted Performance	0.2022	0.0451	0.2059	0.2035	0.1429	0.1444	0.1972	0.0736	0.2194	0.2248
Skewness	0.3259	1.29	3.63	3.64	3.85	3.8	0.3505	2.97	0.3974	0.4888
Semi Deviation	0.4157	0.0	0.3312	0.3158	0.1879	0.1748	0.4099	0.0	0.0	0.0
Information Ratio	0.1436	(0.97)	0.1741	0.1699	0.0761	0.0775	0.1371	(0.92)	0.0524	0.056
Value At Risk	(1.04)	(0.1)	(1.19)	(1.12)	(0.65)	(0.70)	(1.03)	(0.1)	(0.41)	(0.42)
Expected Short fall	(0.83)	(0.15)	(0.88)	(0.84)	(0.74)	(0.70)	(0.82)	(0.15)	(0.42)	(0.44)
Downside Deviation	0.7155	0.1243	0.7469	0.7559	0.5053	0.4925	0.7145	0.1088	0.338	0.3126
Semi Variance	0.1728	(0.01)	0.1097	0.0997	0.0353	0.0305	0.168	(0.02)	(0.05)	(0.06)

Vela Small Competition Performance Charts

Five steps to successful analysis of Vela Small Competition

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

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

In addition to having Vela Small 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 Small 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 Small security.

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