Hawaii Municipal Competition

BSHIX Fund

USD 9.88 0.01 0.10%

Hawaii Municipal Bond competes with Hawaii Municipal, Vanguard 500, T Rowe, and Gabelli Equity; as well as few others. The fund is listed under Muni Single State Interm category and is part of Bishop Street family. The entity is thematically classified as Munis Funds. Analyzing Hawaii Municipal 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 Hawaii Municipal to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Hawaii Municipal 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 Hawaii Municipal competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
9.69	9.87	10.05

Details

Intrinsic

Valuation

Low	Real	High
9.50	9.68	10.86

Details

Hawaii Municipal Competition Correlation Matrix

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

	BSHIX	BHIAX	VFIAX	MISXX	TUHYX	GAB	NML	SIGVX	VFINX	JHQCX
BSHIX		0.92	0.14	-0.15	0.38	0.42	0.26	0.19	0.14	0.11	BSHIX
BHIAX	0.92		0.3	0.01	0.53	0.55	0.4	0.34	0.3	0.25	BHIAX
VFIAX	0.14	0.3		0.68	0.79	0.83	0.75	0.61	1.0	0.92	VFIAX
MISXX	-0.15	0.01	0.68		0.78	0.63	0.73	0.84	0.68	0.69	MISXX
TUHYX	0.38	0.53	0.79	0.78		0.88	0.84	0.83	0.79	0.8	TUHYX
GAB	0.42	0.55	0.83	0.63	0.88		0.85	0.69	0.83	0.88	GAB
NML	0.26	0.4	0.75	0.73	0.84	0.85		0.72	0.75	0.78	NML
SIGVX	0.19	0.34	0.61	0.84	0.83	0.69	0.72		0.61	0.65	SIGVX
VFINX	0.14	0.3	1.0	0.68	0.79	0.83	0.75	0.61		0.92	VFINX
JHQCX	0.11	0.25	0.92	0.69	0.8	0.88	0.78	0.65	0.92		JHQCX
	BSHIX	BHIAX	VFIAX	MISXX	TUHYX	GAB	NML	SIGVX	VFINX	JHQCX

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High positive correlations

VFINX	+ 1.0	VFIAX
BHIAX	+ 0.92	BSHIX
JHQCX	+ 0.92	VFIAX
JHQCX	+ 0.92	VFINX
GAB	+ 0.88	TUHYX
JHQCX	+ 0.88	GAB

High negative correlations

MISXX

- 0.15

BSHIX

Risk-Adjusted Indicators

There is a big difference between Hawaii Mutual Fund performing well and Hawaii Municipal 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 Hawaii Municipal'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
BSHIX	0.12	(0.03)	0.00	(3.18)	0.00	0.00	0.20	(0.30)	1.01
BHIAX	0.12	(0.02)	0.00	(0.61)	0.00	0.00	0.20	(0.30)	1.12
VFIAX	0.55	0.02	0.02	0.39	0.78	(0.54)	1.09	(1.10)	5.48
MISXX	0.03	0.01	0.00	0.34	0.00	0.00	0.00	0.00	1.01
TUHYX	0.09	0.00	(0.09)	0.00	0.07	(0.16)	0.12	(0.24)	0.95
GAB	0.67	0.02	0.01	0.47	0.96	(0.68)	1.28	(1.47)	5.32
NML	0.91	0.14	0.10	0.30	1.12	(0.94)	2.21	(1.88)	6.14
SIGVX	0.03	(0.01)	(0.16)	(2.72)	0.02	(0.14)	0.10	(0.10)	0.51
VFINX	0.55	0.02	0.01	0.39	0.78	(0.54)	1.09	(1.10)	5.48
JHQCX	0.34	0.03	0.03	0.33	0.54	(0.34)	0.79	(0.90)	3.78

Unable to evaluate fundamental data of [BSHIX, BHIAX, VFIAX, MISXX, TUHYX, GAB, NML, SIGVX, VFINX, JHQCX] at this time. Please try again later

All Fundamental Data

Hawaii Municipal Competitive Analysis

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

	BSHIX	BHIAX	VFIAX	MISXX	TUHYX	GAB	NML	SIGVX	VFINX	JHQCX
	0.10 9.88 Hawaii	0.10 9.88 Hawaii	0.22 541.57 Vanguard	0.00 1.00 Morgan	0.12 8.46 TUHYX	0.93 5.42 Gabelli	0.22 8.91 Neuberger	0.10 9.89 Ridgeworth	1.27 548.51 VANGUARD	0.79 32.98 Jpmorgan
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Not too volatile	Very steady	Not too volatile	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Modest	OK	Modest	Modest	OK	Modest	Modest	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	About Average	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly 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)	Hold	Strong Hold	Strong Hold	Strong Hold	Strong Buy	Strong Hold	Strong Buy	Hold	Strong Sell	Buy
Net Asset	133.49 M	133.49 M	852.72 B	1000 K	421.8 M	N/A	N/A	316.69 M	483.17 B	15.87 B
Minimum Initial Investment	1000 K	N/A	N/A	N/A	2.5 K	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	N/A	2.75	N/A	N/A	1.03	N/A	N/A	2.75	2.48
Five Year Return	0.22	-0.0294	14.76	N/A	3.34	9.5	10.89	2.23	14.65	9.79
One Year Return	1.25	1.01	26.56	N/A	7.98	13.33	35.04	5.85	26.43	19.3
Last Dividend Paid	0.01	0.01	0.03	N/A	0.04	0.6	0.27	N/A	0.02	0.02
Price To Earning	N/A	N/A	4.33	N/A	N/A	10.34	2.22	N/A	4.33	18.92
Beta	N/A	N/A	N/A	N/A	N/A	0.94	1.21	N/A	N/A	N/A
Price To Sales	N/A	N/A	1.93	N/A	N/A	51.46	N/A	N/A	1.93	1.75
Cash Position Weight	1.58	1.85	0.67	N/A	6.78	N/A	N/A	6.41	0.67	1.09
Equity Positions Weight	N/A	N/A	99.33	N/A	N/A	N/A	N/A	N/A	99.33	98.91
Three Year Return	-1.07	-1.31	9.25	N/A	1.73	5.18	22.15	3.36	9.14	7.74
Annual Yield	0.0041	0.0041	0.0121	0.0064	0.0733	0.0137	0.0052	0.04	0.0113	0.0015
Year To Date Return	1.22	0.88	26.85	N/A	8.0	13.55	1.97	5.85	26.73	19.09
Bond Positions Weight	98.42	N/A	N/A	N/A	91.03	N/A	N/A	N/A	N/A	N/A
Ten Year Return	3.07	2.8	13.12	N/A	N/A	N/A	N/A	1.19	12.99	N/A
Day Typical Price	9.88	9.88	541.57	1.0	8.46	5.42	8.92	9.89	548.51	32.98
Accumulation Distribution	N/A	N/A	N/A	N/A	N/A	2847.9	2000.94	N/A	N/A	N/A
Daily Balance Of Power	9.2 T	9.2 T	(9,223,372,036,855)	0.0	9.2 T	1.0	0.1429	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.01	0.01	(1.19)	N/A	0.01	0.05	0.02	0.01	6.87	0.26
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.01	1.0	1.0	1.01	1.01
Day Median Price	9.88	9.88	541.57	1.0	8.46	5.42	8.93	9.89	548.51	32.98
Price Action Indicator	0.005	0.005	(0.59)	N/A	0.005	0.03	(0.01)	0.005	3.44	0.13
Coefficient Of Variation	(1,210)	(1,422)	2191.1	812.4	2477.89	2854.48	790.55	4632.07	2216.33	1329.87
Mean Deviation	0.1201	0.1241	0.5526	0.0301	0.0867	0.6713	0.9125	0.0304	0.5525	0.3411
Jensen Alpha	(0.03)	(0.02)	0.0248	0.0051	N/A	0.0219	0.1377	(0.01)	0.0244	0.0284
Total Risk Alpha	(0.03)	(0.03)	0.0138	0.0034	(0.01)	0.0084	0.1252	(0.01)	0.0134	0.0215
Sortino Ratio	N/A	N/A	0.0152	N/A	(0.09)	0.0089	0.0985	(0.16)	0.0148	0.0278
Downside Variance	N/A	N/A	0.7639	N/A	0.0336	1.28	1.78	0.0161	0.7645	0.3832
Standard Deviation	0.1828	0.1928	0.7812	0.1243	0.1356	0.9265	1.21	0.0723	0.7812	0.5256
Kurtosis	3.26	4.21	3.58	66.0	5.02	2.07	0.7222	15.42	3.6	5.01
Potential Upside	0.2033	0.2037	1.09	N/A	0.1195	1.28	2.21	0.1012	1.09	0.7946
Treynor Ratio	(3.18)	(0.61)	0.3917	0.3357	N/A	0.4688	0.2975	(2.72)	0.3879	0.3295
Maximum Drawdown	1.01	1.12	5.48	1.01	0.9513	5.32	6.14	0.5076	5.48	3.78
Variance	0.0334	0.0372	0.6103	0.0155	0.0184	0.8584	1.48	0.0052	0.6103	0.2762
Market Risk Adjusted Performance	(3.17)	(0.60)	0.4017	0.3457	N/A	0.4788	0.3075	(2.71)	0.3979	0.3395
Risk Adjusted Performance	(0.10)	(0.09)	0.0366	0.0446	(0.02)	0.0297	0.1059	(0.08)	0.0362	0.0556
Skewness	(0.97)	(1.31)	(0.62)	8.12	0.8259	(0.42)	(0.28)	2.36	(0.62)	(0.99)
Semi Deviation	N/A	N/A	0.782	N/A	0.0733	0.9577	1.12	0.0189	0.7825	0.5397
Information Ratio	(0.20)	(0.19)	0.017	(0.06)	(0.12)	0.0109	0.1081	(0.29)	0.0165	0.0327
Value At Risk	(0.30)	(0.30)	(1.10)	N/A	(0.24)	(1.47)	(1.88)	(0.10)	(1.10)	(0.90)
Expected Short fall	N/A	N/A	(0.54)	N/A	(0.16)	(0.68)	(0.94)	(0.14)	(0.54)	(0.34)
Downside Deviation	N/A	N/A	0.874	N/A	0.1834	1.13	1.33	0.1269	0.8744	0.619
Semi Variance	N/A	N/A	0.6115	N/A	0.0054	0.9171	1.26	4.0E-4	0.6124	0.2913

Hawaii Municipal Competition Performance Charts

Five steps to successful analysis of Hawaii Municipal Competition

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

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

Hawaii Municipal financial ratios help investors to determine whether Hawaii 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 Hawaii with respect to the benefits of owning Hawaii Municipal security.

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