Spirit Of Competition

Mutual Funds . USA . 
Fund . Spirit Of America
SOAEX Fund  USD 11.86  0.06  0.50%   
Spirit Of America competes with Spirit Of, Spirit Of, Spirit Of, Spirit Of, and Spirit Of; as well as few others. The fund is listed under Energy Limited Partnership category and is part of Spirit of America family. Analyzing Spirit Of 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 Spirit Of to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Spirit Of 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 Spirit Of 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 Spirit Of'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
10.8611.8612.86
Details
Intrinsic
Valuation
LowRealHigh
10.8511.8512.85
Details

Spirit Of Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Spirit Of 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 Spirit 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 Spirit Of America does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
SOAAX
+ 1.0
SACRX
SOAIX
+ 0.98
SACTX
SOAMX
+ 0.97
SACFX
SAIEX
+ 0.95
SACEX
SOAEX
+ 0.88
SACVX
SOAIX
+ 0.64
SACFX
  
High negative correlations   
SACVX
- 0.64
SACTX
SOAIX
- 0.53
SACVX
SOAEX
- 0.52
SACTX
SOAIX
- 0.42
SOAEX
SACFX
- 0.37
SACEX
SOAIX
- 0.36
SACEX

Risk-Adjusted Indicators

There is a big difference between Spirit Mutual Fund performing well and Spirit Of 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 Spirit Of'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
SACEX  0.96 (0.11) 0.00 (0.18) 0.00 
 0.00 
 1.51 
(1.83)
 15.49 
SACFX  0.10 (0.01) 0.00  0.27  0.00 
 0.00 
 0.23 
(0.23)
 0.94 
SACRX  0.65 (0.06) 0.00 (0.26) 0.00 
 0.00 
 1.14 
(1.32)
 3.36 
SACTX  0.25 (0.04) 0.00 (1.22) 0.00 
 0.00 
 0.48 
(0.58)
 1.35 
SACVX  0.53  0.05  0.04  0.16  0.46 
(0.59)
 1.02 
(1.02)
 4.15 
SAIEX  0.95 (0.12) 0.00 (0.09) 0.00 
 0.00 
 1.46 
(1.89)
 16.42 
SOAEX  0.75  0.07  0.03  0.22  0.99 
(0.75)
 1.45 
(1.69)
 5.35 
SOAAX  0.66 (0.05) 0.00 (0.27) 0.00 
 0.00 
 1.14 
(1.29)
 3.39 
SOAMX  0.11 (0.01) 0.00  0.20  0.00 
 0.00 
 0.23 
(0.23)
 0.93 
SOAIX  0.24 (0.04) 0.00 (1.13) 0.00 
 0.00 
 0.48 
(0.58)
 1.45 
All Fundamental Data

Spirit Of Competitive Analysis

The better you understand Spirit Of competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Spirit Of'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 Spirit Of'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
SOAEX SACEX SACFX SACRX SACTX SACVX SAIEX SOAAX SOAMX SOAIX
 0.50 
 11.86 
Spirit
 0.42 
 9.58 
Spirit
 0.23 
 8.58 
Spirit
 0.21 
 9.49 
Spirit
 0.58 
 10.29 
Spirit
 0.62 
 35.21 
Spirit
 0.39 
 10.32 
Spirit
 0.31 
 9.69 
Spirit
 0.23 
 8.60 
Spirit
 0.58 
 10.29 
Spirit
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
OK
Very Weak
Very Weak
Very Weak
Very Weak
Good
Very Weak
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over 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)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Net Asset
590.39 M
590.39 M
77.73 M
92.49 M
149.96 M
104.74 M
212.74 M
92.49 M
77.73 M
149.96 M
Minimum Initial Investment
N/A
500
N/A
500
N/A
500
N/A
N/A
500
500
Price To Book
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2.24
N/A
1.51
Five Year Return
11.54
7.74
-0.35
2.93
1.69
16.34
-14.12
3.62
0.48
2.46
One Year Return
26.99
10.01
3.47
20.34
10.07
44.94
-33.92
20.93
4.32
10.88
Last Dividend Paid
0.25
0.25
0.01
0.32
0.03
0.6
0.25
0.43
0.02
0.04
Price To Earning
N/A
N/A
N/A
N/A
N/A
N/A
N/A
28.7
N/A
22.3
Price To Sales
N/A
N/A
N/A
N/A
N/A
N/A
N/A
5.14
N/A
1.36
Cash Position Weight
0.59
0.25
0.34
0.46
N/A
0.2
0.59
0.13
3.04
N/A
Equity Positions Weight
99.41
99.75
N/A
96.87
14.34
98.45
99.41
97.51
N/A
16.55
Three Year Return
23.3
16.92
-1.5
-2.75
-0.18
13.23
-15.14
-2.25
-0.65
0.59
Annual Yield
0.24
0.15
0.001
0.078
0.0392
0.0344
0.28
0.0842
0.0059
0.0463
Year To Date Return
24.41
7.79
2.15
12.59
7.57
38.42
N/A
13.32
2.84
8.4
Bond Positions Weight
N/A
N/A
N/A
0.21
N/A
N/A
N/A
N/A
96.96
63.36
Ten Year Return
N/A
N/A
2.76
6.55
4.91
9.22
N/A
7.32
3.66
5.72
Daily Balance Of Power
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
Day Typical Price
11.86
9.58
8.58
9.49
10.29
35.21
10.32
9.69
8.6
10.29
Period Momentum Indicator
(0.06)
(0.04)
(0.02)
(0.02)
(0.06)
(0.22)
(0.04)
(0.03)
(0.02)
(0.06)
Rate Of Daily Change
0.99
1.0
1.0
1.0
0.99
0.99
1.0
1.0
1.0
0.99
Day Median Price
11.86
9.58
8.58
9.49
10.29
35.21
10.32
9.69
8.6
10.29
Price Action Indicator
(0.03)
(0.02)
(0.01)
(0.01)
(0.03)
(0.11)
(0.02)
(0.01)
(0.01)
(0.03)
Coefficient Of Variation
747.38
(2,750)
(4,823)
(2,607)
(1,050)
571.23
(3,592)
(2,686)
(11,147)
(1,380)
Mean Deviation
0.7478
0.9613
0.1006
0.6518
0.2498
0.5304
0.9508
0.655
0.1118
0.2435
Jensen Alpha
0.074
(0.11)
(0.01)
(0.06)
(0.04)
0.0505
(0.12)
(0.05)
(0.01)
(0.04)
Total Risk Alpha
(0.0004)
(0.30)
(0.03)
(0.14)
(0.08)
0.0268
(0.29)
(0.14)
(0.03)
(0.07)
Sortino Ratio
0.0295
N/A
N/A
N/A
N/A
0.0398
N/A
N/A
N/A
N/A
Downside Variance
1.34
N/A
N/A
N/A
N/A
0.4494
N/A
N/A
N/A
N/A
Standard Deviation
1.0
1.79
0.1638
0.8188
0.3161
0.7243
1.87
0.8235
0.1787
0.3157
Kurtosis
1.59
30.09
5.4
(0.22)
(0.10)
2.1
33.2
(0.24)
4.43
0.1252
Potential Upside
1.45
1.51
0.2331
1.14
0.4803
1.02
1.46
1.14
0.2339
0.484
Treynor Ratio
0.2225
(0.18)
0.2712
(0.26)
(1.22)
0.1587
(0.09)
(0.27)
0.196
(1.13)
Maximum Drawdown
5.35
15.49
0.9357
3.36
1.35
4.15
16.42
3.39
0.9338
1.45
Variance
1.01
3.19
0.0268
0.6704
0.0999
0.5246
3.48
0.6782
0.0319
0.0997
Market Risk Adjusted Performance
0.2325
(0.17)
0.2812
(0.25)
(1.21)
0.1687
(0.08)
(0.26)
0.206
(1.12)
Risk Adjusted Performance
0.0998
(0.02)
(0.05)
(0.03)
(0.08)
0.1269
(0.01)
(0.03)
(0.04)
(0.07)
Skewness
0.1051
(4.52)
(1.11)
(0.26)
(0.17)
0.4824
(4.86)
(0.30)
(1.15)
(0.28)
Semi Deviation
0.9947
N/A
N/A
N/A
N/A
0.4632
N/A
N/A
N/A
N/A
Information Ratio
0.0341
(0.09)
(0.63)
(0.16)
(0.41)
0.0369
(0.08)
(0.16)
(0.57)
(0.39)
Value At Risk
(1.69)
(1.83)
(0.23)
(1.32)
(0.58)
(1.02)
(1.89)
(1.29)
(0.23)
(0.58)
Expected Short fall
(0.75)
N/A
N/A
N/A
N/A
(0.59)
N/A
N/A
N/A
N/A
Downside Deviation
1.16
N/A
N/A
N/A
N/A
0.6704
N/A
N/A
N/A
N/A
Semi Variance
0.9895
N/A
N/A
N/A
N/A
0.2146
N/A
N/A
N/A
N/A

Spirit Of Competition Performance Charts

Five steps to successful analysis of Spirit Of Competition

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

In addition to having Spirit Of 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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Technology
Technology Theme
Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 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 Technology Theme or any other thematic opportunities.
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Other Information on Investing in Spirit Mutual Fund

Spirit Of financial ratios help investors to determine whether Spirit 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 Spirit with respect to the benefits of owning Spirit Of security.
Odds Of Bankruptcy
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