Nasdaq 100 Competition

Mutual Funds . USA . 
Fund . Nasdaq 100 Index Fund
URNQX Fund  USD 52.62  0.47  0.90%   
Nasdaq 100 Index competes with Europacific Growth, Washington Mutual, Capital World, HUMANA, and SCOR PK; as well as few others. The fund is listed under Large Growth category and is part of USAA family. The entity is thematically classified as Hybrid Mix Funds. Analyzing Nasdaq 100 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 Nasdaq 100 to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nasdaq 100 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 Nasdaq 100 competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
51.1352.1553.17
Details
Intrinsic
Valuation
LowRealHigh
50.5151.5352.55
Details

Nasdaq 100 Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nasdaq 100 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 Nasdaq 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 Nasdaq 100 Index does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
MSTSX
+ 0.96
RWIGX
RWIGX
+ 0.88
RWMGX
MSTSX
+ 0.86
RWMGX
ID
+ 0.73
SCRYY
LBHIX
+ 0.69
RWMGX
ID
+ 0.69
RWMGX
  
High negative correlations   
444859BR2
- 0.64
RWMGX
LBHIX
- 0.54
444859BR2
ID
- 0.53
444859BR2
SCRYY
- 0.53
444859BR2
444859BR2
- 0.49
RWIGX
MSTSX
- 0.45
444859BR2

Risk-Adjusted Indicators

There is a big difference between Nasdaq Mutual Fund performing well and Nasdaq 100 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 Nasdaq 100'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
RERGX  0.61 (0.11) 0.00 (0.11) 0.00 
 0.00 
 1.11 
(1.48)
 4.02 
RWMGX  0.50 (0.03)(0.09) 0.07  0.59 
(0.53)
 1.00 
(1.14)
 3.32 
RWIGX  0.53 (0.06)(0.13) 0.03  0.74 
(0.55)
 1.18 
(1.36)
 3.19 
444859BR2  1.36 (0.08) 0.00 (0.21) 0.00 
 0.00 
 5.93 
(5.79)
 16.62 
SCRYY  2.07  0.29  0.08  1.93  2.02 
(2.85)
 5.61 
(4.09)
 12.99 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
APAAX  0.14  0.02 (0.35)(0.09) 0.15 
(0.18)
 0.31 
(0.31)
 1.13 
LBHIX  0.12  0.01 (0.39) 0.51  0.00 
(0.28)
 0.24 
(0.24)
 0.96 
MSTSX  0.49 (0.03)(0.12) 0.06  0.52 
(0.61)
 1.21 
(1.02)
 2.80 
ID  3.91  0.70  0.13  1.00  4.02 
(5.25)
 7.89 
(6.67)
 20.54 
All Fundamental Data

Nasdaq 100 Competitive Analysis

The better you understand Nasdaq 100 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nasdaq 100'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 Nasdaq 100'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
URNQX RERGX RWMGX RWIGX 444859BR2 SCRYY AQUI APAAX LBHIX MSTSX
 0.90 
 52.62 
Nasdaq
 0.31 
 57.67 
Europacific
 0.47 
 66.17 
Washington
 0.76 
 68.98 
Capital
 1.82 
 80.35 
HUMANA
 1.22 
 2.49 
SCOR
 0.00 
 0.01 
Aquagold
 0.20 
 9.84 
APAAX
 0.24 
 4.26 
Thrivent
 0.25 
 11.90 
Morningstar
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Unstable
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Very Weak
OK
OK
Very Weak
OK
Very Weak
Modest
Good
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Below Average
Below Average
Average
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over 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 Hold
Strong Hold
Strong Hold
Strong Hold
Strong Sell
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Strong Hold
Current Ratio
N/A
N/A
N/A
N/A
N/A
9.99
N/A
N/A
N/A
N/A
Net Asset
2.13 B
162.55 B
110.28 B
99.03 B
N/A
51.52 B
3.19 K
50.97 M
674.44 M
116.1 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
-0.0209
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
1.23 B
(727.69 K)
N/A
N/A
N/A
Price To Book
N/A
1.73
3.08
1.97
N/A
0.67
N/A
N/A
1.58
N/A
Operating Margin
N/A
N/A
N/A
N/A
N/A
-0.0092
N/A
N/A
N/A
N/A
Current Valuation
N/A
N/A
N/A
N/A
N/A
4.75 B
912.76 K
N/A
N/A
N/A
Five Year Return
20.85
5.36
13.45
9.94
N/A
4.83
N/A
1.25
3.46
8.6
Retained Earnings
N/A
N/A
N/A
N/A
N/A
(645.5 M)
(4.18 M)
N/A
N/A
N/A
One Year Return
30.55
13.46
27.38
21.84
N/A
N/A
N/A
7.87
11.94
19.87
Beta
N/A
N/A
N/A
N/A
N/A
1.25
7.05
N/A
N/A
N/A
Cash Position Weight
0.26
11.24
4.63
8.11
N/A
N/A
N/A
0.5
6.56
14.28
Equity Positions Weight
99.74
88.37
95.12
91.3
N/A
N/A
N/A
N/A
0.07
61.63
Number Of Employees
1
1
1
1
N/A
3.59 K
7
1
1
1
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
1.78 B
965.83 K
N/A
N/A
N/A
Three Year Return
8.82
-1.21
10.75
5.67
N/A
N/A
N/A
-0.43
3.06
7.0
Cash Flow From Operations
N/A
N/A
N/A
N/A
N/A
2.41 B
(218.19 K)
N/A
N/A
N/A
Annual Yield
0.0058
0.0192
0.0168
0.0193
N/A
0.0789
N/A
0.003
0.0617
0.021
Total Debt
N/A
N/A
N/A
N/A
N/A
3.05 B
N/A
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
-0.0574
N/A
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
0.23
N/A
N/A
N/A
99.5
92.23
22.72
Z Score
N/A
N/A
N/A
N/A
N/A
0.6
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
269.0
Return On Asset
N/A
N/A
N/A
N/A
N/A
-0.002
-5.5
N/A
N/A
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
N/A
3.04
-1.18
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2.5 K
2 K
N/A
Current Liabilities
N/A
N/A
N/A
N/A
N/A
N/A
794 K
N/A
N/A
N/A
Total Asset
3.98 B
150.19 B
153.91 B
110.03 B
N/A
51.52 B
3.19 K
49.97 M
347.66 M
215.11 M
Last Dividend Paid
N/A
0.09
0.25
0.4
N/A
N/A
N/A
0.02
0.02
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
0.43
N/A
N/A
N/A
N/A
Market Capitalization
N/A
N/A
N/A
N/A
N/A
4.35 B
96.58 K
N/A
N/A
50.36 M
Price To Earning
N/A
17.69
3.4
17.22
N/A
12.21
-0.22
N/A
35.48
N/A
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
0.28
N/A
N/A
N/A
N/A
Price To Sales
N/A
1.27
1.85
1.58
N/A
0.2
N/A
N/A
1.23
N/A
Net Income
N/A
N/A
N/A
N/A
N/A
456 M
(627.79 K)
N/A
N/A
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
N/A
0.25
-0.63
N/A
N/A
N/A
Year To Date Return
24.09
8.2
21.1
15.67
N/A
N/A
N/A
4.0
7.32
13.69
Revenue
N/A
N/A
N/A
N/A
N/A
16.03 B
N/A
N/A
N/A
N/A
Ten Year Return
18.52
6.81
12.42
9.02
N/A
N/A
N/A
3.59
6.0
N/A
Working Capital
N/A
N/A
N/A
N/A
N/A
N/A
(794 K)
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
N/A
3.52 B
1.15 K
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
1.97
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
(853 M)
(143.88 K)
N/A
N/A
N/A
Day Typical Price
52.62
57.67
66.17
68.98
80.35
2.51
0.006
9.84
4.26
11.9
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
0.0389
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
0.1
N/A
N/A
N/A
N/A
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
9.2 T
(9,223,372,036,855)
0.3
0.0
9.2 T
9.2 T
9.2 T
Period Momentum Indicator
0.47
0.18
0.31
0.52
(1.49)
0.03
N/A
0.02
0.01
0.03
Rate Of Daily Change
1.01
1.0
1.0
1.01
0.98
1.01
1.0
1.0
1.0
1.0
Day Median Price
52.62
57.67
66.17
68.98
80.35
2.52
0.006
9.84
4.26
11.9
Price Action Indicator
0.23
0.09
0.16
0.26
(0.75)
(0.01)
N/A
0.01
0.005
0.015
Relative Strength Index
71.86
46.11
68.6
60.87
41.32
51.4
N/A
51.59
79.03
56.05
Coefficient Of Variation
1152.54
(1,796)
983.47
2517.47
(6,059)
891.88
N/A
1179.73
601.89
1345.37
Mean Deviation
0.7594
0.6057
0.5042
0.5338
1.36
2.07
N/A
0.135
0.116
0.4933
Jensen Alpha
(0.02)
(0.11)
(0.03)
(0.06)
(0.08)
0.2911
N/A
0.0165
0.0146
(0.03)
Total Risk Alpha
(0.08)
(0.18)
(0.04)
(0.09)
(0.45)
(0.12)
N/A
(0.02)
(0.01)
(0.06)
Sortino Ratio
(0.02)
N/A
(0.09)
(0.13)
N/A
0.0808
N/A
(0.35)
(0.39)
(0.12)
Downside Variance
1.69
N/A
0.4422
0.5901
N/A
5.79
N/A
0.0962
0.0617
0.4195
Standard Deviation
1.1
0.8099
0.6617
0.7156
2.62
2.85
N/A
0.2038
0.1738
0.6354
Kurtosis
1.48
1.2
1.03
1.43
5.49
1.72
N/A
4.79
3.08
(0.04)
Potential Upside
1.57
1.11
0.9982
1.18
5.93
5.61
N/A
0.309
0.2375
1.21
Treynor Ratio
0.0898
(0.11)
0.0734
0.0278
(0.21)
1.93
N/A
(0.09)
0.5074
0.0604
Maximum Drawdown
5.14
4.02
3.32
3.19
16.62
12.99
N/A
1.13
0.9552
2.8
Variance
1.21
0.656
0.4378
0.512
6.87
8.13
N/A
0.0415
0.0302
0.4037
Market Risk Adjusted Performance
0.0998
(0.1)
0.0834
0.0378
(0.20)
1.94
N/A
(0.08)
0.5174
0.0704
Risk Adjusted Performance
0.0695
(0.04)
0.0763
0.0297
(0.01)
0.0932
N/A
0.0374
0.0932
0.0549
Skewness
(0.53)
(0.02)
0.0297
(0.56)
0.8987
0.8188
N/A
(1.31)
1.04
0.0729
Semi Deviation
1.1
N/A
0.5859
0.736
N/A
2.02
N/A
0.1509
0.0
0.5159
Information Ratio
(0.03)
(0.21)
(0.09)
(0.14)
(0.06)
0.0681
N/A
(0.53)
(0.56)
(0.12)
Value At Risk
(2.38)
(1.48)
(1.14)
(1.36)
(5.79)
(4.09)
N/A
(0.31)
(0.24)
(1.02)
Expected Short fall
(0.73)
N/A
(0.53)
(0.55)
N/A
(2.85)
N/A
(0.18)
(0.28)
(0.61)
Downside Deviation
1.3
N/A
0.665
0.7682
N/A
2.41
N/A
0.3101
0.2483
0.6477
Semi Variance
1.21
N/A
0.3433
0.5417
N/A
4.09
N/A
0.0228
(0.02)
0.2661

Nasdaq 100 Competition Performance Charts

Five steps to successful analysis of Nasdaq 100 Competition

Nasdaq 100'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 Nasdaq 100 Index in relation to its competition. Nasdaq 100's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nasdaq 100 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 Nasdaq 100's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nasdaq 100 Index, 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 Nasdaq 100 position

In addition to having Nasdaq 100 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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SPAC
SPAC Theme
Entities that are involved in raising capital, merging with and acquiring companies, and investing in private equity through leveraged buyouts. The SPAC theme has 25 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 SPAC Theme or any other thematic opportunities.
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Other Information on Investing in Nasdaq Mutual Fund

Nasdaq 100 financial ratios help investors to determine whether Nasdaq 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 Nasdaq with respect to the benefits of owning Nasdaq 100 security.
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