Global Hard Competition

GHACX Fund

USD 34.17 0.26 0.77%

Global Hard Assets competes with Icon Natural, Gmo Resources, Dreyfus Natural, Oil Gas, and Jennison Natural; as well as few others. The fund is listed under Natural Resources category and is part of VanEck family. Analyzing Global Hard 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 Global Hard to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Global Hard 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 Global Hard competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Hard'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

Low	Estimated	High
33.33	34.17	35.01

Details

Intrinsic

Valuation

Low	Real	High
33.16	34.00	34.84

Details

Global Hard Competition Correlation Matrix

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

	ICBAX	GMOWX	DLDCX	ENPSX	XNDPX	PNRCX	XGNTX
ICBAX		0.06	0.82	0.84	0.87	0.67	-0.02	ICBAX
GMOWX	0.06		0.48	0.12	-0.06	0.68	0.72	GMOWX
DLDCX	0.82	0.48		0.86	0.81	0.94	0.34	DLDCX
ENPSX	0.84	0.12	0.86		0.96	0.69	-0.1	ENPSX
XNDPX	0.87	-0.06	0.81	0.96		0.61	-0.18	XNDPX
PNRCX	0.67	0.68	0.94	0.69	0.61		0.6	PNRCX
XGNTX	-0.02	0.72	0.34	-0.1	-0.18	0.6		XGNTX
	ICBAX	GMOWX	DLDCX	ENPSX	XNDPX	PNRCX	XGNTX

Click cells to compare fundamentals

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High positive correlations

XNDPX	+ 0.96	ENPSX
PNRCX	+ 0.94	DLDCX
XNDPX	+ 0.87	ICBAX
ENPSX	+ 0.86	DLDCX
ENPSX	+ 0.84	ICBAX
DLDCX	+ 0.82	ICBAX

High negative correlations

XGNTX	- 0.18	XNDPX
XGNTX	- 0.1	ENPSX
XNDPX	- 0.06	GMOWX
XGNTX	- 0.02	ICBAX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Hard 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 Global Hard'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
ICBAX	0.89	(0.10)	(0.05)	0.04	1.42	(0.92)	1.49	(1.76)	6.37
GMOWX	1.05	(0.11)	0.00	(0.12)	0.00	0.00	1.80	(2.79)	5.49
DLDCX	0.90	(0.04)	(0.04)	0.08	1.28	(0.90)	1.58	(2.05)	4.99
ENPSX	1.36	0.01	0.00	0.14	1.91	(1.33)	2.58	(3.15)	8.91
XNDPX	0.91	0.10	0.04	0.28	1.12	(0.94)	1.83	(2.38)	6.62
PNRCX	0.88	(0.07)	(0.07)	0.04	1.41	(0.80)	2.06	(2.27)	5.47
XGNTX	0.54	(0.06)	0.00	(0.06)	0.00	0.00	1.23	(1.26)	3.30

Unable to evaluate fundamental data of [ICBAX, GMOWX, DLDCX, ENPSX, XNDPX, PNRCX, XGNTX] at this time. Please try again later

All Fundamental Data

Global Hard Competitive Analysis

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

	GHACX	ICBAX	GMOWX	DLDCX	ENPSX	XNDPX	PNRCX	XGNTX
	0.77 34.17 Global	6.67 18.47 Icon	0.40 20.29 Gmo	0.99 43.89 Dreyfus	0.50 40.08 Oil	0.09 44.62 Tortoise	0.85 42.72 Jennison	0.47 6.46 Gamco
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)	Insignificant	Insignificant	Weak	OK	OK	Good	OK	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	About Average	Low	About Average
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly 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
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Hold	Hold	Strong Hold	Hold	Strong Hold	Strong Hold	Hold
Net Asset	791.36 M	39.88 M	2.1 B	1.15 B	25.64 M	N/A	760.82 M	N/A
Price To Book	1.65 X	2.11 X	N/A	1.58 X	1.55 X	N/A	1.67 X	N/A
Five Year Return	10.02 %	13.67 %	N/A	17.51 %	13.37 %	N/A	14.64 %	N/A
One Year Return	8.31 %	31.10 %	N/A	12.85 %	21.12 %	N/A	12.22 %	N/A
Last Dividend Paid	0.25	0.04	N/A	0.18	0.14	0.1	0.38	0.05
Price To Earning	32.35 X	16.47 X	N/A	19.12 X	32.66 X	N/A	26.72 X	N/A
Price To Sales	1.64 X	0.89 X	N/A	0.85 X	1.32 X	N/A	1.56 X	N/A
Cash Position Weight	3.60 %	19.97 %	N/A	2.85 %	18.18 %	N/A	2.85 %	N/A
Equity Positions Weight	96.40 %	79.35 %	N/A	97.15 %	77.51 %	N/A	96.71 %	N/A
Three Year Return	2.37 %	11.02 %	N/A	14.13 %	28.35 %	N/A	9.04 %	N/A
Annual Yield	0.02 %	0.01 %	0.04 %	0.02 %	N/A	N/A	0.02 %	N/A
Year To Date Return	4.11 %	21.60 %	N/A	9.78 %	21.80 %	N/A	9.14 %	N/A
Ten Year Return	(5.73) %	4.80 %	N/A	0.84 %	(7.33) %	N/A	(5.85) %	N/A
Daily Balance Of Power	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T
Day Typical Price	34.17	18.47	20.29	43.89	40.08	44.62	42.72	6.46
Period Momentum Indicator	0.26	(1.32)	0.08	0.43	0.2	(0.04)	0.36	0.03
Rate Of Daily Change	1.01	0.93	1.0	1.01	1.01	1.0	1.01	1.0
Day Median Price	34.17	18.47	20.29	43.89	40.08	44.62	42.72	6.46
Price Action Indicator	0.13	(0.66)	0.04	0.21	0.1	(0.02)	0.18	0.015
Coefficient Of Variation	5512.83	2465.11	(2,971)	1493.9	1238.39	620.19	3355.14	(10,641)
Mean Deviation	0.6958	0.8872	1.05	0.9004	1.36	0.9122	0.8816	0.5422
Jensen Alpha	(0.07)	(0.10)	(0.11)	(0.04)	0.0098	0.104	(0.07)	(0.06)
Total Risk Alpha	(0.15)	(0.19)	(0.29)	(0.13)	(0.17)	(0.02)	(0.18)	(0.14)
Sortino Ratio	(0.11)	(0.05)	N/A	(0.04)	0.0044	0.0427	(0.07)	N/A
Downside Variance	1.13	2.27	N/A	1.79	4.07	2.26	2.27	N/A
Standard Deviation	0.916	1.39	1.38	1.19	1.81	1.25	1.22	0.7219
Kurtosis	1.19	9.98	1.25	1.85	1.13	1.53	2.64	0.9663
Potential Upside	1.27	1.49	1.8	1.58	2.58	1.83	2.06	1.23
Treynor Ratio	0.0108	0.0399	(0.12)	0.0809	0.1374	0.2787	0.0364	(0.06)
Maximum Drawdown	3.81	6.37	5.49	4.99	8.91	6.62	5.47	3.3
Variance	0.8391	1.92	1.89	1.41	3.29	1.57	1.49	0.5211
Market Risk Adjusted Performance	0.0208	0.0499	(0.11)	0.0909	0.1474	0.2887	0.0464	(0.05)
Risk Adjusted Performance	0.0155	0.0355	(0.02)	0.0547	0.0675	0.1272	0.0265	(0.01)
Skewness	(0.69)	(1.04)	(1.03)	(0.81)	(0.23)	(0.24)	(0.98)	(0.20)
Semi Deviation	1.03	1.42	N/A	1.28	1.91	1.12	1.41	N/A
Information Ratio	(0.13)	(0.06)	(0.13)	(0.05)	0.0049	0.0513	(0.08)	(0.20)
Value At Risk	(1.59)	(1.76)	(2.79)	(2.05)	(3.15)	(2.38)	(2.27)	(1.26)
Expected Short fall	(0.65)	(0.92)	N/A	(0.90)	(1.33)	(0.94)	(0.80)	N/A
Downside Deviation	1.06	1.51	N/A	1.34	2.02	1.5	1.51	N/A
Semi Variance	1.07	2.01	N/A	1.65	3.63	1.25	1.99	N/A

Global Hard Competition Performance Charts

Five steps to successful analysis of Global Hard Competition

Global Hard'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 Global Hard Assets in relation to its competition. Global Hard's competition analysis typically involves several steps, including:

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

In addition to having Global Hard 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 Global Mutual Fund

Global Hard financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Hard security.

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