Banks Ultrasector Competition

Mutual Funds . USA . 
Fund . Banks Ultrasector Profund
BKPIX Fund  USD 59.21  0.51  0.85%   
Banks Ultrasector Profund competes with Short Real, Short Real, Ultrashort Mid, Ultrashort Mid, and Technology Ultrasector; as well as few others. The fund is listed under Trading--Leveraged Equity category and is part of ProFunds family. Analyzing Banks Ultrasector 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 Banks Ultrasector to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Banks Ultrasector 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 Banks Ultrasector competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
56.0959.2162.33
Details
Intrinsic
Valuation
LowRealHigh
50.7653.8865.13
Details
Naive
Forecast
LowNextHigh
53.3856.5059.62
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
58.3966.8575.31
Details

Banks Ultrasector Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Banks Ultrasector 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 Banks 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 Banks Ultrasector Profund does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
SRPSX
+ 1.0
SRPIX
UIPSX
+ 1.0
UIPIX
TEPSX
+ 1.0
TEPIX
LGPSX
+ 1.0
LGPIX
BRPSX
+ 1.0
BRPIX
BRPIX
+ 0.93
UIPIX
  
High negative correlations   
BRPSX
- 0.93
LGPSX
BRPSX
- 0.93
TEPIX
BRPIX
- 0.93
TEPIX
BRPIX
- 0.92
LGPSX
BRPSX
- 0.92
LGPIX
BRPIX
- 0.92
LGPIX

Risk-Adjusted Indicators

There is a big difference between Banks Mutual Fund performing well and Banks Ultrasector 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 Banks Ultrasector'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
SRPIX  0.79  0.18  0.18 (0.58) 0.60 
(0.96)
 1.95 
(1.25)
 4.28 
SRPSX  0.78  0.17  0.18 (0.59) 0.59 
(0.98)
 1.98 
(1.19)
 4.27 
UIPIX  1.33  0.08  0.00 (0.01) 2.06 
(1.37)
 2.33 
(3.20)
 10.87 
UIPSX  1.33  0.08  0.00 (0.01) 2.03 
(1.42)
 2.33 
(3.22)
 10.88 
TEPIX  1.25  0.05  0.03  0.06  1.87 
(1.20)
 2.78 
(3.71)
 9.07 
TEPSX  1.26  0.04  0.02  0.06  1.87 
(1.23)
 2.77 
(3.73)
 9.03 
LGPIX  0.65  0.08  0.06  0.12  0.95 
(0.60)
 1.50 
(1.54)
 5.87 
LGPSX  0.65  0.07  0.05  0.12  0.96 
(0.62)
 1.51 
(1.56)
 5.88 
BRPIX  0.49 (0.01) 0.00  0.04  0.00 
 0.00 
 1.02 
(0.92)
 4.41 
BRPSX  0.48 (0.02) 0.00  0.04  0.00 
 0.00 
 0.96 
(0.85)
 4.28 
All Fundamental Data

Banks Ultrasector Competitive Analysis

The better you understand Banks Ultrasector competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Banks Ultrasector'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 Banks Ultrasector'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
BKPIX SRPIX SRPSX UIPIX UIPSX TEPIX TEPSX LGPIX LGPSX BRPIX
 0.85 
 59.21 
Banks
 1.64 
 8.69 
Short
 1.79 
 7.41 
Short
 0.46 
 30.90 
Ultrashort
 0.45 
 26.66 
Ultrashort
 0.02 
 40.17 
Technology
 4.77 
 31.16 
Technology
 0.09 
 45.61 
Large
 0.09 
 35.25 
Profunds
 0.09 
 11.68 
Bear
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Insignificant
Good
Good
Weak
Weak
Insignificant
Insignificant
OK
OK
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Under Valued
Under Valued
Over 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)
Sell
Cautious Hold
Cautious Hold
Strong Sell
Strong Sell
Hold
Hold
Buy
Buy
Strong Sell
Net Asset
9.06 M
1.83 M
2.55 M
1.52 M
1.42 M
79.29 M
73.33 M
14.54 M
37.85 M
8.57 M
Minimum Initial Investment
15 K
15 K
N/A
15 K
N/A
N/A
15 K
15 K
N/A
15 K
Price To Book
0.91
N/A
N/A
N/A
N/A
3.83
3.83
4.44
4.44
N/A
Five Year Return
0.88
-7.78
-8.74
-30.35
-29.37
26.84
25.58
16.13
14.98
-14.56
One Year Return
31.8
-5.69
-6.76
-27.4
-21.45
32.44
31.1
40.0
38.62
-17.76
Last Dividend Paid
0.23
0.92
0.68
0.08
0.09
N/A
N/A
N/A
N/A
0.01
Price To Earning
10.48
N/A
N/A
N/A
N/A
2.02
1.56
22.07
22.07
N/A
Price To Sales
2.49
N/A
N/A
N/A
N/A
2.89
2.89
2.62
2.62
N/A
Cash Position Weight
23.52
100.0
105.13
84.66
126.55
19.11
23.65
N/A
0.02
85.84
Equity Positions Weight
74.75
N/A
N/A
N/A
-20.35
76.66
76.35
100.0
99.98
N/A
Three Year Return
1.15
3.31
2.12
-16.41
-15.73
7.42
6.35
7.85
6.79
-6.99
Annual Yield
0.0109
0.0241
0.0081
8.23
4.79
N/A
N/A
N/A
N/A
0.67
Year To Date Return
28.84
0.36
4.55
0.64
1.84
31.07
29.81
38.6
37.29
0.44
Ten Year Return
4.06
-12.89
-13.71
-27.8
-28.51
23.02
21.78
13.35
12.22
-14.66
Daily Balance Of Power
(9,223,372,036,855)
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
(9,223,372,036,855)
9.2 T
9.2 T
9.2 T
Day Typical Price
59.21
8.69
7.41
30.9
26.66
40.17
31.16
45.61
35.25
11.68
Period Momentum Indicator
(0.51)
0.14
0.13
0.14
0.12
0.01
(1.56)
0.04
0.03
0.01
Rate Of Daily Change
0.99
1.02
1.02
1.0
1.0
1.0
0.95
1.0
1.0
1.0
Day Median Price
59.21
8.69
7.41
30.9
26.66
40.17
31.16
45.61
35.25
11.68
Price Action Indicator
(0.25)
0.07
0.065
0.07
0.06
0.005
(0.78)
0.02
0.015
0.005
Coefficient Of Variation
7086.69
570.42
583.38
4755.29
4744.16
2037.84
2139.02
936.34
975.82
(3,586)
Mean Deviation
1.84
0.7851
0.7831
1.33
1.33
1.25
1.26
0.6489
0.6524
0.4857
Jensen Alpha
(0.04)
0.1773
0.1723
0.0828
0.083
0.0472
0.0432
0.0754
0.0716
(0.01)
Total Risk Alpha
(0.05)
0.1419
0.1373
(0.02)
(0.02)
0.0269
0.0228
0.0655
0.0617
(0.05)
Sortino Ratio
0.0051
0.1768
0.1753
0.0045
0.0046
0.0255
0.0235
0.0567
0.0533
N/A
Downside Variance
5.26
0.706
0.6742
4.86
4.86
4.43
4.45
1.53
1.55
N/A
Standard Deviation
3.1
1.03
1.03
2.0
2.0
1.75
1.75
0.9584
0.9622
0.7357
Kurtosis
17.22
1.92
1.59
6.31
6.32
1.13
1.11
2.88
2.89
5.42
Potential Upside
4.19
1.95
1.98
2.33
2.33
2.78
2.77
1.5
1.51
1.02
Treynor Ratio
0.0108
(0.58)
(0.59)
(0.01)
(0.01)
0.0587
0.0557
0.1207
0.1154
0.0405
Maximum Drawdown
25.66
4.28
4.27
10.87
10.88
9.07
9.03
5.87
5.88
4.41
Variance
9.63
1.06
1.06
4.01
4.01
3.06
3.06
0.9186
0.9259
0.5412
Market Risk Adjusted Performance
0.0208
(0.57)
(0.58)
(0)
(0)
0.0687
0.0657
0.1307
0.1254
0.0505
Risk Adjusted Performance
0.0186
0.1412
0.1381
0.0227
0.0227
0.0443
0.0425
0.0863
0.083
(0.02)
Skewness
2.83
0.9521
0.9222
(0.43)
(0.43)
(0.67)
(0.67)
(0.94)
(0.96)
0.7556
Semi Deviation
2.16
0.6
0.5876
2.06
2.03
1.87
1.87
0.9492
0.9585
N/A
Information Ratio
0.0037
0.1441
0.1401
0.005
0.005
0.0307
0.0284
0.0732
0.069
(0.07)
Value At Risk
(4.17)
(1.25)
(1.19)
(3.20)
(3.22)
(3.71)
(3.73)
(1.54)
(1.56)
(0.92)
Expected Short fall
(2.29)
(0.96)
(0.98)
(1.37)
(1.42)
(1.20)
(1.23)
(0.60)
(0.62)
N/A
Downside Deviation
2.29
0.8402
0.8211
2.2
2.2
2.1
2.11
1.24
1.25
N/A
Semi Variance
4.68
0.3601
0.3453
4.23
4.1
3.48
3.5
0.901
0.9187
N/A

Banks Ultrasector Competition Performance Charts

Five steps to successful analysis of Banks Ultrasector Competition

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

In addition to having Banks Ultrasector 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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Most Shorted Equities Theme
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 107 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 Most Shorted Equities Theme or any other thematic opportunities.
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Other Information on Investing in Banks Mutual Fund

Banks Ultrasector financial ratios help investors to determine whether Banks 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 Banks with respect to the benefits of owning Banks Ultrasector security.
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