Near Term Competition

NEARX Fund

USD 2.10 0.00 0.00%

Near Term Tax competes with Ab Global, Bbh Intermediate, T Rowe, Blrc Sgy, and T Rowe; as well as few others. The fund is listed under Muni National Short category and is part of U.S. Global Investors family. Analyzing Near Term 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 Near Term to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Near Term 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 Near Term competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
1.98	2.10	2.22

Details

Intrinsic

Valuation

Low	Real	High
1.98	2.10	2.22

Details

Near Term Competition Correlation Matrix

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

	ANAGX	BBINX	PATFX	MDMTX	PRFHX	FHYIX	TPYYX	TTRBX
ANAGX		0.79	0.81	0.76	0.78	0.66	0.6	0.94	ANAGX
BBINX	0.79		0.93	0.93	0.93	0.95	0.53	0.7	BBINX
PATFX	0.81	0.93		0.85	1.0	0.94	0.68	0.74	PATFX
MDMTX	0.76	0.93	0.85		0.86	0.88	0.49	0.72	MDMTX
PRFHX	0.78	0.93	1.0	0.86		0.96	0.67	0.71	PRFHX
FHYIX	0.66	0.95	0.94	0.88	0.96		0.57	0.55	FHYIX
TPYYX	0.6	0.53	0.68	0.49	0.67	0.57		0.55	TPYYX
TTRBX	0.94	0.7	0.74	0.72	0.71	0.55	0.55		TTRBX
	ANAGX	BBINX	PATFX	MDMTX	PRFHX	FHYIX	TPYYX	TTRBX

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Risk-Adjusted Indicators

There is a big difference between Near Mutual Fund performing well and Near Term 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 Near Term'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ANAGX	0.17	(0.04)	(2.12)	0.29	(0.29)	1.01
BBINX	0.13	(0.02)	0.49	0.29	(0.29)	1.07
PATFX	0.17	(0.03)	0.50	0.44	(0.44)	1.69
MDMTX	0.19	(0.03)	(0.37)	0.38	(0.56)	1.42
PRFHX	0.17	(0.03)	0.50	0.44	(0.44)	1.61
FHYIX	0.19	(0.02)	0.41	0.43	(0.43)	1.85
TPYYX	0.74	(0.09)	(0.72)	1.14	(1.30)	10.34
TTRBX	0.13	(0.03)	(1.13)	0.30	(0.30)	0.70

Unable to evaluate fundamental data of [ANAGX, BBINX, PATFX, MDMTX, PRFHX, FHYIX, TPYYX, TTRBX] at this time. Please try again later

All Fundamental Data

Near Term Competitive Analysis

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

	NEARX	ANAGX	BBINX	PATFX	MDMTX	PRFHX	FHYIX	TPYYX	TTRBX
	0.00 2.10 Near	0.29 6.89 ANAGX	0.19 10.28 Bbh	0.27 11.23 PATFX	0.38 10.58 Blrc	0.27 11.16 PRFHX	0.43 9.16 Franklin	0.12 8.33 Touchstone	0.10 9.95 Ambrus
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Over 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	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Sell	Sell	Sell	Cautious Hold	Sell	Sell	Cautious Hold	Cautious Hold
Net Asset	29.88 M	5.54 B	739.58 M	5.55 B	5.05 B	3.44 B	5.17 B	23.95 M	364.26 M
Minimum Initial Investment	5 K	N/A	N/A	N/A	N/A	2.5 K	N/A	2.5 K	N/A
Price To Book	N/A	N/A	N/A	6.68	N/A	6.68	N/A	2.78	N/A
Five Year Return	0.48	0.035	1.41	1.31	0.57	1.64	1.1	7.2	N/A
One Year Return	2.63	3.63	4.1	8.34	4.53	8.75	7.41	17.77	5.44
Last Dividend Paid	N/A	0.01	0.01	0.03	0.02	0.03	0.03	0.05	N/A
Price To Earning	N/A	N/A	N/A	7.02	N/A	7.02	N/A	20.12	N/A
Price To Sales	N/A	18.19	N/A	0.94	N/A	0.94	N/A	2.04	N/A
Cash Position Weight	5.39	-2.47	0.19	0.22	2.84	0.19	0.66	1.07	N/A
Equity Positions Weight	N/A	0.09	N/A	0.01	N/A	0.01	N/A	98.93	N/A
Three Year Return	-0.0274	-1.33	0.71	-0.7	-0.97	-0.4	-1.18	4.65	N/A
Annual Yield	5.0E-4	0.0312	0.0011	0.0332	0.0038	0.0366	0.0049	0.0158	0.0455
Year To Date Return	2.26	2.91	2.72	6.38	4.11	6.75	6.52	13.84	4.26
Bond Positions Weight	94.61	48.26	N/A	10.93	8.73	99.68	8.12	N/A	N/A
Ten Year Return	1.82	3.76	N/A	4.44	3.81	4.72	3.65	8.36	N/A
Daily Balance Of Power	0.0	(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)	9.2 T
Day Typical Price	2.1	6.89	10.28	11.23	10.58	11.16	9.16	8.33	9.95
Period Momentum Indicator	N/A	(0.02)	(0.02)	(0.03)	(0.04)	(0.03)	(0.04)	(0.01)	0.01
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	2.1	6.89	10.28	11.23	10.58	11.16	9.16	8.33	9.95
Price Action Indicator	N/A	(0.01)	(0.01)	(0.01)	(0.02)	(0.01)	(0.02)	(0.01)	0.005
Coefficient Of Variation	171459.82	(655.61)	(2,402)	(1,512)	(1,605)	(1,584)	(2,304)	(1,645)	(955.45)
Mean Deviation	0.029	0.17	0.1324	0.1727	0.1859	0.1698	0.185	0.7447	0.1339
Jensen Alpha	(0.01)	(0.04)	(0.02)	(0.03)	(0.03)	(0.03)	(0.02)	(0.09)	(0.03)
Total Risk Alpha	(0.01)	(0.05)	(0.02)	(0.04)	(0.04)	(0.03)	(0.03)	(0.12)	(0.03)
Standard Deviation	0.1184	0.2124	0.2067	0.278	0.2903	0.2721	0.2938	1.24	0.1721
Kurtosis	14.68	0.2455	3.58	5.89	2.43	5.14	6.03	18.27	(0.07)
Potential Upside	N/A	0.2911	0.2938	0.4398	0.3824	0.4429	0.4334	1.14	0.3006
Treynor Ratio	(0.79)	(2.12)	0.4935	0.5033	(0.37)	0.5024	0.4055	(0.72)	(1.13)
Maximum Drawdown	0.9547	1.01	1.07	1.69	1.42	1.61	1.85	10.34	0.7041
Variance	0.014	0.0451	0.0427	0.0773	0.0843	0.074	0.0863	1.54	0.0296
Market Risk Adjusted Performance	(0.78)	(2.11)	0.5035	0.5133	(0.36)	0.5124	0.4155	(0.71)	(1.12)
Risk Adjusted Performance	(0.06)	(0.15)	(0.06)	(0.07)	(0.07)	(0.07)	(0.05)	(0.04)	(0.12)
Skewness	0.028	0.0346	(0.49)	(1.26)	(0.31)	(1.13)	(1.31)	(3.03)	(0.04)
Information Ratio	(0.25)	(0.29)	(0.18)	(0.17)	(0.16)	(0.17)	(0.14)	(0.08)	(0.27)
Value At Risk	N/A	(0.29)	(0.29)	(0.44)	(0.56)	(0.44)	(0.43)	(1.30)	(0.30)

Near Term Competition Performance Charts

Five steps to successful analysis of Near Term Competition

Near Term'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 Near Term Tax in relation to its competition. Near Term's competition analysis typically involves several steps, including:

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

In addition to having Near Term 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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Business Supplies

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Supplies theme has 24 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 Business Supplies Theme or any other thematic opportunities.

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Other Information on Investing in Near Mutual Fund

Near Term financial ratios help investors to determine whether Near 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 Near with respect to the benefits of owning Near Term security.

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