Ab Concentrated Competition

Mutual Funds . USA . 
Fund . Ab Centrated Growth
WPASX Fund  USD 47.47  0.02  0.04%   
Ab Centrated Growth competes with Ab Large, Ab Large, HAL Trust, Tiaa-cref Large-cap, and Sprott Physical; as well as few others. The fund is listed under Large Growth category and is part of AllianceBernstein family. The entity is thematically classified as Large Growth Funds. Analyzing Ab Concentrated 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 Ab Concentrated to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ab Concentrated Correlation with its peers.

Ab Concentrated vs T Rowe Correlation

Very weak diversification

The correlation between Ab Centrated Growth and TRIGX is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Centrated Growth and TRIGX in the same portfolio, assuming nothing else is changed.

Moving together with WPASX Mutual Fund

  0.87GCEAX Ab Global EPairCorr
  0.9GCECX Ab Global EPairCorr
  0.89GCEYX Ab Global EPairCorr

Moving against WPASX Mutual Fund

  0.88SUTAX Ab Sustainable ThematicPairCorr
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Concentrated'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
45.8747.4749.07
Details
Intrinsic
Valuation
LowRealHigh
45.8547.4549.05
Details

Ab Concentrated Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ab Concentrated 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 WPASX 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 Ab Centrated Growth does not affect the price movement of the other competitor.

High positive correlations

APGCX
+ 1.0
APGYX
TRIGX
+ 0.99
CIVIX
TRIGX
+ 0.97
HALFF
CIVIX
+ 0.94
HALFF
JACTX
+ 0.92
APGYX
JACTX
+ 0.92
APGCX
  

High negative correlations

JFRDX
- 0.59
HALFF
TRIGX
- 0.5
JFRDX
JFRDX
- 0.41
CIVIX
JFRDX
- 0.39
PHYS
JFRDX
- 0.03
PSLV

Risk-Adjusted Indicators

There is a big difference between WPASX Mutual Fund performing well and Ab Concentrated 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 Ab Concentrated'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
APGYX  0.82  0.06  0.04  0.13  0.90 
(0.88)
 1.14 
(1.65)
 12.71 
APGCX  0.82  0.05  0.04  0.12  0.91 
(0.87)
 1.13 
(1.66)
 12.77 
HALFF  0.67  0.30  0.30  2.08  0.00 
(1.60)
 1.96 
(1.02)
 4.93 
TRIRX  0.73 (0.06) 0.00 (0.05) 0.00 
 0.00 
 1.33 
(1.98)
 4.79 
PSLV  3.88  0.63  0.09  0.34  6.88 
(3.99)
 6.43 
(6.80)
 35.91 
PHYS  1.42  0.24  0.08  0.45  2.49 
(1.42)
 3.44 
(3.57)
 14.75 
CIVIX  0.64  0.16  0.19  0.24  0.51 
(0.76)
 1.54 
(0.96)
 4.36 
JFRDX  0.84 (0.15) 0.00 (0.14) 0.00 
 0.00 
 1.62 
(2.33)
 4.78 
JACTX  1.04  0.07  0.05  0.11  1.21 
(1.08)
 1.62 
(2.33)
 17.38 
TRIGX  0.59  0.18  0.24  0.30  0.35 
(0.67)
 1.47 
(1.01)
 2.94 

Ab Concentrated Competitive Analysis

The better you understand Ab Concentrated competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ab Concentrated'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 Ab Concentrated'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
WPASX APGYX APGCX HALFF TRIRX PSLV PHYS CIVIX JFRDX JACTX
 0.04 
 47.47 
WPASX
 0.89 
 108.63 
APGYX
 0.90 
 107.87 
APGCX
 0.83 
 196.65 
HAL
 0.63 
 73.29 
Tiaa-cref
 5.92 
 25.42 
Sprott
 2.37 
 37.59 
Sprott
 0.23 
 25.67 
Causeway
 0.79 
 49.78 
Janus
 0.78 
 50.64 
Janus
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Fair
Fair
Fair
Strong
Soft
Good
Good
High
Weakest
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Strong Sell
Strong Sell
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Hold
Hold
Hold
Strong Hold
Hold
Strong Hold
Strong Buy
Hold
Strong Buy
Current Ratio
N/A
N/A
N/A
2.7
N/A
1688.55
3559.47
N/A
N/A
N/A
Net Asset
636.41 M
8 B
24.9 B
22.62 B
6.71 B
5.23 B
8.61 B
18.42 B
13.22 B
23.12 B
Profit Margin
N/A
N/A
N/A
0.43
N/A
N/A
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
5.25 B
N/A
821.21 M
1.73 B
N/A
N/A
N/A
Price To Book
6.2
4.73
4.95
0.88
5.1
1.71
1.29
1.23
N/A
5.57
Operating Margin
N/A
N/A
N/A
0.0978
N/A
N/A
N/A
N/A
N/A
N/A
Current Valuation
N/A
N/A
N/A
11.07 B
N/A
N/A
N/A
N/A
N/A
N/A
Five Year Return
4.31
10.57
9.47
N/A
12.47
3.4
7.1
14.8
8.64
8.53
Retained Earnings
N/A
N/A
N/A
6.82 B
N/A
559.25 M
2.91 B
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
4.89 B
N/A
678.99 M
1.24 B
N/A
N/A
N/A
One Year Return
-0.61
4.43
3.38
N/A
7.84
-20.4
1.5
40.69
5.38
5.25
Beta
N/A
N/A
N/A
0.72
N/A
0.8
0.33
N/A
N/A
N/A
Cash Position Weight
1.1
5.5
4.97
N/A
N/A
N/A
N/A
2.51
1.33
1.33
Equity Positions Weight
98.9
94.5
95.03
N/A
99.99
N/A
N/A
97.15
98.67
98.67
Number Of Employees
1
1
1
26 K
1
N/A
N/A
1
1
1
Shares Outstanding
N/A
N/A
N/A
88.59 M
N/A
637.77 M
480.37 M
N/A
N/A
N/A
Three Year Return
7.37
19.92
18.73
N/A
23.89
9.3
8.8
22.2
20.69
20.55
Cash Flow From Operations
N/A
N/A
N/A
1.49 B
N/A
(27.69 M)
(27.32 M)
N/A
N/A
N/A
Annual Yield
N/A
N/A
N/A
0.0204
0.0028
N/A
N/A
0.0126
N/A
N/A
Total Debt
N/A
N/A
N/A
2.92 B
N/A
2.45 M
3.03 M
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
0.27
N/A
N/A
N/A
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
2.4
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
0.0228
N/A
N/A
N/A
N/A
N/A
N/A
Book Value Per Share
N/A
N/A
N/A
138.48
N/A
N/A
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1000 K
N/A
N/A
Current Liabilities
N/A
N/A
N/A
2.46 B
N/A
402.11 K
347.45 K
N/A
N/A
N/A
Total Asset
50.79 M
20.48 B
403.6 M
22.62 B
14.11 B
5.23 B
8.61 B
17.63 B
16.05 B
4.71 B
Debt To Equity
N/A
N/A
N/A
0.36
N/A
0.001
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
2.79
0.24
N/A
N/A
0.22
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
1.07
N/A
26.15
29.49
N/A
N/A
N/A
Market Capitalization
N/A
N/A
N/A
11.85 B
N/A
15.31 B
17.64 B
N/A
N/A
N/A
Price To Earning
25.39
4.34
2.55
14.67
2.68
71.1
-8.39
13.91
1.87
1.9
Price To Sales
3.31
2.6
3.1
1.41
2.06
4.93
4.19
0.92
N/A
3.39
Net Income
N/A
N/A
N/A
4.27 B
N/A
821.21 M
1.73 B
N/A
N/A
N/A
Earnings Per Share
N/A
N/A
N/A
44.01
N/A
4.68
9.0
N/A
N/A
N/A
Year To Date Return
0.52
0.19
0.12
N/A
0.63
N/A
N/A
8.77
1.22
1.68
Revenue
N/A
N/A
N/A
7.31 B
N/A
827.54 M
1.73 B
N/A
N/A
N/A
Ten Year Return
14.42
17.08
15.9
N/A
15.71
-4.2
0.6
4.33
14.83
14.96
Working Capital
N/A
N/A
N/A
2.43 B
N/A
678.58 M
1.24 B
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
5.88 B
N/A
357.2 K
598.32 K
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
66.35
N/A
-0.044
-0.046
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
4.62 B
N/A
N/A
N/A
N/A
N/A
N/A
Day Typical Price
47.47
108.63
107.87
196.65
73.29
25.46
37.55
25.67
49.78
50.64
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
638273.0
63905.04
N/A
N/A
N/A
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
1.753086
1.673077
9.2 T
9.2 T
9.2 T
Period Momentum Indicator
0.02
0.96
0.96
1.62
0.46
1.42
0.87
0.06
0.39
0.39
Rate Of Daily Change
1.0
1.01
1.01
1.01
1.01
1.06
1.02
1.0
1.01
1.01
Day Median Price
47.47
108.63
107.87
196.65
73.29
25.49
37.53
25.67
49.78
50.64
Price Action Indicator
0.01
0.48
0.48
0.81
0.23
0.65
0.5
0.03
0.2
0.2
Relative Strength Index
48.45
57.42
57.14
97.74
55.36
79.79
91.61
66.81
50.3
52.71
Coefficient Of Variation
3210.4
1752.99
1825.68
306.28
(3,709)
778.18
834.69
418.65
(989.15)
1906.1
Mean Deviation
0.8085
0.8164
0.8176
0.668
0.7329
3.88
1.42
0.6416
0.8384
1.04
Jensen Alpha
0.0339
0.0566
0.0535
0.3046
(0.06)
0.6345
0.2399
0.1604
(0.15)
0.0679
Total Risk Alpha
(0.03)
0.0067
0.0032
0.2646
(0.08)
0.4519
0.1563
0.1506
(0.17)
0.0031
Sortino Ratio
0.002
0.0404
0.0373
0.2998
N/A
0.0918
0.0754
0.1948
N/A
0.0462
Downside Variance
1.03
1.1
1.11
0.8316
N/A
54.13
8.85
0.6137
N/A
2.0
Standard Deviation
1.56
1.56
1.57
0.9802
0.9949
5.62
2.26
0.8343
1.09
2.14
Kurtosis
31.68
30.64
30.89
4.78
0.6959
9.15
8.87
0.7015
0.1211
34.81
Potential Upside
1.39
1.14
1.13
1.96
1.33
6.43
3.44
1.54
1.62
1.62
Treynor Ratio
0.2971
0.129
0.1242
2.08
(0.05)
0.336
0.4514
0.2405
(0.14)
0.1097
Maximum Drawdown
12.69
12.71
12.77
4.93
4.79
35.91
14.75
4.36
4.78
17.38
Variance
2.44
2.44
2.46
0.9608
0.9898
31.59
5.12
0.6961
1.19
4.56
Market Risk Adjusted Performance
0.3071
0.139
0.1342
2.09
(0.04)
0.346
0.4614
0.2505
(0.13)
0.1197
Risk Adjusted Performance
0.0296
0.0501
0.0483
0.2603
(0.02)
0.1103
0.1013
0.1896
(0.08)
0.0478
Skewness
4.66
4.55
4.58
1.95
(0.24)
(2.31)
(1.83)
(0.03)
(0.45)
5.01
Semi Deviation
0.9562
0.9027
0.9074
0.0
N/A
6.88
2.49
0.5122
N/A
1.21
Information Ratio
0.0013
0.0272
0.025
0.2789
(0.07)
0.1202
0.0992
0.1829
(0.14)
0.0306
Value At Risk
(1.73)
(1.65)
(1.66)
(1.02)
(1.98)
(6.80)
(3.57)
(0.96)
(2.33)
(2.33)
Expected Short fall
(0.86)
(0.88)
(0.87)
(1.60)
N/A
(3.99)
(1.42)
(0.76)
N/A
(1.08)
Downside Deviation
1.01
1.05
1.05
0.9119
N/A
7.36
2.98
0.7834
N/A
1.42
Semi Variance
0.9143
0.8149
0.8235
(0.21)
N/A
47.37
6.21
0.2624
N/A
1.46

Ab Concentrated Competition Performance Charts

Five steps to successful analysis of Ab Concentrated Competition

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

In addition to having Ab Concentrated 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.

Did You Try This Idea?

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USD Crypto Fund Theme
Fund from digital currency traded on multiple global exchanges in US dollors. The USD Crypto Fund theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize USD Crypto Fund Theme or any other thematic opportunities.
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Other Information on Investing in WPASX Mutual Fund

Ab Concentrated financial ratios help investors to determine whether WPASX 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 WPASX with respect to the benefits of owning Ab Concentrated security.
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