Compare Aristotle to Aristotle, Aristotle, Aristotle, Aristotle, Aristotlesaul, Aristotle

Comparing Aristotle to Aristotle, Aristotle, Aristotle, Aristotle, Aristotlesaul, Aristotle can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

	ARAGX	ARAFX	ARAHX	ARABX	ARAQX	ARIOX	ARILX
ARAGX		-0.54	0.82	0.77	0.12	-0.67	0.9	ARAGX
ARAFX	-0.54		-0.37	-0.32	0.0	0.32	-0.54	ARAFX
ARAHX	0.82	-0.37		0.99	0.53	-0.3	0.92	ARAHX
ARABX	0.77	-0.32	0.99		0.55	-0.25	0.87	ARABX
ARAQX	0.12	0.0	0.53	0.55		0.56	0.32	ARAQX
ARIOX	-0.67	0.32	-0.3	-0.25	0.56		-0.45	ARIOX
ARILX	0.9	-0.54	0.92	0.87	0.32	-0.45		ARILX
	ARAGX	ARAFX	ARAHX	ARABX	ARAQX	ARIOX	ARILX

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High positive correlations

ARABX	+ 0.99	ARAHX
ARILX	+ 0.92	ARAHX
ARILX	+ 0.9	ARAGX
ARILX	+ 0.87	ARABX
ARAHX	+ 0.82	ARAGX
ARABX	+ 0.77	ARAGX

High negative correlations

ARIOX	- 0.67	ARAGX
ARILX	- 0.54	ARAFX
ARAFX	- 0.54	ARAGX
ARILX	- 0.45	ARIOX
ARAHX	- 0.37	ARAFX
ARABX	- 0.32	ARAFX

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
ARAGX	0.70	0.11	0.08	0.15	0.97	(0.71)	1.44	(1.53)	5.77
ARAFX	0.58	(0.08)	0.00	(0.48)	0.00	0.00	1.23	(1.10)	3.99
ARAHX	0.72	(0.01)	(0.03)	(0.02)	0.91	(0.85)	1.68	(1.45)	6.25
ARABX	0.77	(0.04)	0.00	(0.12)	0.00	0.00	1.70	(1.39)	7.50
ARAQX	0.57	(0.11)	0.00	(0.11)	0.00	0.00	1.07	(1.14)	5.38
ARIOX	0.99	(0.51)	0.00	(0.54)	0.00	0.00	1.02	(1.24)	27.58
ARILX	0.60	0.04	0.02	0.50	1.00	(0.59)	1.15	(1.69)	4.84

Unable to evaluate fundamental data of [ARAGX, ARAFX, ARAHX, ARABX, ARAQX, ARIOX, ARILX] at this time. Please try again later

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Competitive Analysis

Better Than Average

Worse Than Peers

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	ARAGX	ARAFX	ARAHX	ARABX	ARAQX	ARIOX	ARILX
	1.14 9.80 Aristotle	0.38 10.48 Aristotle	3.38 6.86 Aristotle	0.07 14.70 Aristotle	0.86 10.55 Aristotle	0.45 11.07 Aristotlesaul	0.14 14.29 Aristotle
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Very steady	Very steady	Somewhat reliable	Very steady
Market Performance (90 Days Performance)	OK	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Insignificant
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Cautious Hold	Cautious Hold	Cautious Hold	Strong Hold	Strong Hold	Cautious Hold
Net Asset	305.86 M	622.22 M	42.71 M	207.3 M	677.18 M	54.12 M	429.55 M
Annual Yield	0 %	N/A	0.01 %	N/A	N/A	N/A	0 %
Day Typical Price	9.8	10.48	6.86	14.7	10.55	11.07	14.29
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
Period Momentum Indicator	0.11	0.04	(0.24)	0.01	0.09	0.05	0.02
Rate Of Daily Change	1.01	1.0	0.97	1.0	1.01	1.0	1.0
Day Median Price	9.8	10.48	6.86	14.7	10.55	11.07	14.29
Price Action Indicator	0.055	0.02	(0.12)	0.005	0.045	0.025	0.01
Relative Strength Index	65.01	42.94	50.04	49.31	35.73	11.82	57.59
Coefficient Of Variation	745.0	(1,146)	32158.06	(5,830)	(960.19)	(681.17)	1573.28
Mean Deviation	0.7029	0.5825	0.7168	0.7719	0.5657	0.9872	0.6007
Jensen Alpha	0.1072	(0.08)	(0.01)	(0.04)	(0.11)	(0.51)	0.0446
Total Risk Alpha	0.0973	(0.10)	(0.04)	(0.06)	(0.12)	(0.59)	0.0205
Sortino Ratio	0.0771	N/A	(0.03)	N/A	N/A	N/A	0.0206
Downside Variance	1.82	N/A	0.987	N/A	N/A	N/A	1.29
Standard Deviation	1.02	0.7926	1.06	1.16	0.7944	3.27	0.8942
Kurtosis	2.2	1.76	6.14	8.02	3.06	60.05	3.21
Potential Upside	1.44	1.23	1.68	1.7	1.07	1.02	1.15
Treynor Ratio	0.1472	(0.48)	(0.02)	(0.12)	(0.11)	(0.54)	0.5009
Maximum Drawdown	5.77	3.99	6.25	7.5	5.38	27.58	4.84
Variance	1.05	0.6282	1.12	1.35	0.631	10.69	0.7996
Market Risk Adjusted Performance	0.1572	(0.47)	(0.01)	(0.11)	(0.1)	(0.53)	0.5109
Risk Adjusted Performance	0.1088	(0.07)	0.005	(0.01)	(0.08)	(0.11)	0.0516
Skewness	(0.76)	(0.05)	0.9481	1.48	(0.12)	(7.58)	(0.90)
Semi Deviation	0.9706	N/A	0.9075	N/A	N/A	N/A	0.9996
Information Ratio	0.1016	(0.13)	(0.03)	(0.05)	(0.15)	(0.16)	0.0262
Value At Risk	(1.53)	(1.10)	(1.45)	(1.39)	(1.14)	(1.24)	(1.69)
Expected Short fall	(0.71)	N/A	(0.85)	N/A	N/A	N/A	(0.59)
Downside Deviation	1.35	N/A	0.9935	N/A	N/A	N/A	1.13
Semi Variance	0.9422	N/A	0.8235	N/A	N/A	N/A	0.9992

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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.

Use Investing Themes to Complement your positions

You can quickly originate your optimal portfoio 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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Run Financials Thematic Idea Now

Financials

Companies that provide financial services to business or retail customers. The Financials theme has 20 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 Financials Theme or any other thematic opportunities.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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