Blackstone Alternative Competition

Mutual Funds . USA . 
Fund . Blackstone Alternative Multi Strategy
BXMIX Fund  USD 11.32  0.01  0.09%   
Blackstone Alternative competes with Blackrock Alternative, Aqr Style, Goldman Sachs, Morningstar Unconstrained, and Thrivent High; as well as few others. The fund is listed under Multistrategy category and is part of Blackstone family. Analyzing Blackstone Alternative 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 Blackstone Alternative to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Blackstone Alternative 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 Blackstone Alternative competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
11.1311.3211.51
Details
Intrinsic
Valuation
LowRealHigh
10.2010.3912.45
Details
Naive
Forecast
LowNextHigh
11.1711.3711.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.1111.2211.33
Details

Blackstone Alternative Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Blackstone Alternative 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 Blackstone 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 Blackstone Alternative does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
MSTSX
+ 0.91
GCRTX
RRTLX
+ 0.91
GCRTX
OSHDF
+ 0.87
VIASP
RRTLX
+ 0.83
LBHIX
LBHIX
+ 0.81
GCRTX
RRTLX
+ 0.78
MSTSX
  
High negative correlations   
VIASP
- 0.23
BIMBX
QSPRX
- 0.09
BIMBX
ABHYX
- 0.05
QSPRX
OSHDF
- 0.04
BIMBX
MSTSX
- 0.03
QSPRX
OSHDF
- 0.0
AQUI

Risk-Adjusted Indicators

There is a big difference between Blackstone Mutual Fund performing well and Blackstone Alternative 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 Blackstone Alternative'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
BIMBX  0.16 (0.01)(0.44)(0.03) 0.18 
(0.20)
 0.38 
(0.37)
 0.85 
QSPRX  0.49 (0.01)(0.15) 0.01  0.61 
(0.57)
 1.11 
(1.09)
 2.74 
GCRTX  0.28  0.00 (0.20) 0.13  0.19 
(0.33)
 0.59 
(0.47)
 1.54 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
MSTSX  0.45 (0.01)(0.11) 0.10  0.39 
(0.59)
 1.21 
(0.84)
 2.80 
LBHIX  0.10  0.01 (0.41) 0.24  0.00 
(0.25)
 0.24 
(0.24)
 0.71 
ABHYX  0.17  0.00 (0.23) 0.11  0.26 
(0.23)
 0.34 
(0.33)
 1.91 
VIASP  0.75  0.10 (0.02)(1.58) 1.11 
(0.81)
 2.28 
(1.20)
 7.18 
RRTLX  0.22  0.03 (0.25) 0.71  0.12 
(0.26)
 0.48 
(0.47)
 1.36 
OSHDF  39.65  23.81  0.00 (0.62) 0.00 
 0.00 
 0.00 
 0.00 
 1,329 
All Fundamental Data

Blackstone Alternative Competitive Analysis

The better you understand Blackstone Alternative competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Blackstone Alternative'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 Blackstone Alternative'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
BXMIX BIMBX QSPRX GCRTX AQUI MSTSX LBHIX ABHYX VIASP RRTLX
 0.09 
 11.32 
Blackstone
 0.28 
 10.68 
Blackrock
 1.81 
 8.13 
Aqr
 0.35 
 8.65 
Goldman
 0.00 
 0.01 
Aquagold
 0.67 
 11.87 
Morningstar
 0.23 
 4.27 
Thrivent
 0.11 
 9.05 
High
 0.36 
 22.10 
Via
 0.16 
 12.73 
RRTLX
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Out of control
Very steady
Out of control
Out of control
Very steady
Out of control
Market Performance
(90 Days Performance)
Solid
Weak
Weak
Good
Very Weak
OK
Good
Insignificant
Modest
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Average
Low
Low
Low
Above Average
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Under Valued
Over Valued
Under 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
Cautious Hold
Cautious Hold
Hold
Not Rated
Strong Hold
Not Rated
Not Rated
Strong Sell
Not Rated
Current Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3.49
N/A
Net Asset
4.27 B
8.08 B
4.47 B
3.52 B
3.19 K
116.1 M
674.44 M
672.37 M
355.28 M
1.46 B
Profit Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0094
N/A
EBITDA
N/A
N/A
N/A
N/A
(727.69 K)
N/A
N/A
N/A
33.09 M
N/A
Price To Book
N/A
N/A
1.46
2.1
N/A
N/A
1.58
N/A
N/A
2.13
Current Valuation
N/A
N/A
N/A
N/A
912.76 K
N/A
N/A
N/A
535.95 M
N/A
Operating Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-0.14
N/A
Five Year Return
3.1
4.27
10.85
3.71
N/A
8.83
3.43
1.9
8.97
0.0406
Retained Earnings
N/A
N/A
N/A
N/A
(4.18 M)
N/A
N/A
N/A
N/A
N/A
One Year Return
9.31
10.07
17.93
10.19
N/A
21.02
10.84
9.89
N/A
0.067
Beta
N/A
N/A
N/A
N/A
7.05
N/A
N/A
N/A
1.16
N/A
Cash Position Weight
19.32
16.21
18.78
76.11
N/A
14.28
6.56
0.1
N/A
7.22
Equity Positions Weight
38.57
32.62
2.72
52.83
N/A
61.63
0.07
N/A
N/A
38.52
Number Of Employees
1
1
1
1
7
1
1
1
169
1
Shares Outstanding
N/A
N/A
N/A
N/A
965.83 K
N/A
N/A
N/A
N/A
N/A
Three Year Return
3.69
4.39
22.76
3.41
N/A
7.83
2.94
-0.34
N/A
0.0491
Cash Flow From Operations
N/A
N/A
N/A
N/A
(218.19 K)
N/A
N/A
N/A
12.7 M
N/A
Annual Yield
0.0326
0.0397
0.2
0.0181
N/A
0.0204
0.0612
0.0041
0.0972
0.0206
Total Debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
135 M
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.017
N/A
Bond Positions Weight
11.56
49.09
73.42
-1.37
N/A
22.72
92.23
2.0
N/A
14.43
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.0
N/A
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
-5.5
N/A
N/A
N/A
-0.11
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
-1.18
N/A
N/A
N/A
3.66
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
Minimum Initial Investment
1000 K
2 M
50 M
N/A
N/A
N/A
2 K
N/A
N/A
N/A
Current Liabilities
N/A
N/A
N/A
N/A
794 K
N/A
N/A
N/A
N/A
N/A
Total Asset
3.2 B
7.44 B
749.3 M
4.91 M
3.19 K
215.11 M
347.66 M
243.16 M
355.28 M
1.03 B
Last Dividend Paid
0.32
0.06
0.13
N/A
N/A
N/A
0.02
0.03
0.73
0.14
Debt To Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.69
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.7
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
N/A
N/A
N/A
96.58 K
50.36 M
N/A
N/A
N/A
N/A
Price To Earning
N/A
N/A
13.77
18.29
-0.22
N/A
35.48
N/A
26.83
18.25
Price To Sales
N/A
N/A
0.76
1.63
N/A
N/A
1.23
N/A
N/A
1.57
Net Income
N/A
N/A
N/A
N/A
(627.79 K)
N/A
N/A
N/A
5.2 M
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
-0.63
N/A
N/A
N/A
1.17
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Year To Date Return
7.4
8.84
20.35
8.23
N/A
15.24
7.84
7.45
N/A
-0.0211
Revenue
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
393.49 M
N/A
Ten Year Return
N/A
N/A
N/A
1.51
N/A
N/A
6.0
4.84
N/A
5.76
Working Capital
N/A
N/A
N/A
N/A
(794 K)
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
1.15 K
N/A
N/A
N/A
51.31 M
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3.23
N/A
Gross Profit
N/A
N/A
N/A
N/A
(143.88 K)
N/A
N/A
N/A
74.67 M
N/A
Day Typical Price
11.32
10.68
8.13
8.65
0.006
11.87
4.27
9.05
22.12
12.73
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
38.33
N/A
Daily Balance Of Power
9.2 T
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
0.0
(9,223,372,036,855)
9.2 T
(9,223,372,036,855)
(0.73)
(9,223,372,036,855)
Period Momentum Indicator
0.01
(0.03)
(0.15)
(0.03)
N/A
(0.08)
0.01
(0.01)
(0.08)
(0.02)
Rate Of Daily Change
1.0
1.0
0.98
1.0
1.0
0.99
1.0
1.0
1.0
1.0
Day Median Price
11.32
10.68
8.13
8.65
0.006
11.87
4.27
9.05
22.13
12.73
Price Action Indicator
0.005
(0.01)
(0.07)
(0.01)
N/A
(0.04)
0.005
(0.01)
(0.07)
(0.01)
Coefficient Of Variation
395.38
2912.33
5769.63
621.54
N/A
889.67
684.6
1519.05
1170.41
573.76
Mean Deviation
0.1399
0.1563
0.4899
0.2807
N/A
0.449
0.0981
0.1711
0.7529
0.219
Jensen Alpha
0.0232
(0.01)
(0.01)
0.0042
N/A
(0.01)
0.0061
(0.000044)
0.0958
0.0325
Total Risk Alpha
0.0078
(0.04)
(0.10)
(0.01)
N/A
(0.04)
(0.01)
(0.04)
(0.09)
(0.01)
Sortino Ratio
(0.40)
(0.44)
(0.15)
(0.20)
N/A
(0.11)
(0.41)
(0.23)
(0.02)
(0.25)
Downside Variance
0.0361
0.0702
0.5363
0.1192
N/A
0.3013
0.0623
0.2181
1.71
0.089
Standard Deviation
0.1889
0.2136
0.6649
0.3475
N/A
0.5833
0.1475
0.2877
1.16
0.2798
Kurtosis
1.43
0.5237
0.5565
(0.19)
N/A
0.1538
0.6956
8.58
5.37
0.0456
Potential Upside
0.4476
0.3756
1.11
0.5917
N/A
1.21
0.237
0.3378
2.28
0.4792
Treynor Ratio
0.2963
(0.03)
0.012
0.1261
N/A
0.1013
0.2422
0.1139
(1.58)
0.7088
Maximum Drawdown
1.08
0.8456
2.74
1.54
N/A
2.8
0.7081
1.91
7.18
1.36
Variance
0.0357
0.0456
0.4421
0.1207
N/A
0.3403
0.0218
0.0828
1.35
0.0783
Market Risk Adjusted Performance
0.3063
(0.02)
0.022
0.1361
N/A
0.1113
0.2522
0.1239
(1.57)
0.7188
Risk Adjusted Performance
0.1545
0.001
0.0117
0.1054
N/A
0.0788
0.0666
0.0324
0.0655
0.1101
Skewness
0.2668
(0.38)
0.0314
0.197
N/A
0.3353
0.3286
(1.74)
(0.91)
(0.03)
Semi Deviation
0.0
0.1819
0.6128
0.186
N/A
0.3905
0.0
0.2582
1.11
0.1219
Information Ratio
(0.41)
(0.55)
(0.17)
(0.20)
N/A
(0.10)
(0.70)
(0.37)
(0.02)
(0.27)
Value At Risk
(0.18)
(0.37)
(1.09)
(0.47)
N/A
(0.84)
(0.24)
(0.33)
(1.20)
(0.47)
Expected Short fall
(0.19)
(0.20)
(0.57)
(0.33)
N/A
(0.59)
(0.25)
(0.23)
(0.81)
(0.26)
Downside Deviation
0.1901
0.2649
0.7324
0.3453
N/A
0.5489
0.2496
0.467
1.31
0.2983
Semi Variance
(0.03)
0.0331
0.3755
0.0346
N/A
0.1525
(0.01)
0.0666
1.24
0.0149

Blackstone Alternative Competition Performance Charts

Five steps to successful analysis of Blackstone Alternative Competition

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

In addition to having Blackstone Alternative 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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Target Risk ETFs Theme
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Other Information on Investing in Blackstone Mutual Fund

Blackstone Alternative financial ratios help investors to determine whether Blackstone 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 Blackstone with respect to the benefits of owning Blackstone Alternative security.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
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