WILLISTON BASINMID-NORTH Competition

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of WILLISTON BASINMID-NORTH'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. Please use the tools below to analyze the current value of WILLISTON BASINMID-NORTH in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.003.24
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.003.24
Details
Naive
Forecast
LowNext ValueHigh
1.724.968.19
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.205.525.84
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as WILLISTON BASINMID-NORTH. Your research has to be compared to or analyzed against WILLISTON BASINMID-NORTH's peers to derive any actionable benefits. When done correctly, WILLISTON BASINMID-NORTH's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in WILLISTON BASINMID-NORTH.

WILLISTON BASINMID-NORTH Competition Correlation Matrix

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

Related Correlations

MCD
MBFJF
IDCN
KNG
TLRY
MCD
0.550.560.870.8
MCD
MBFJF
0.550.720.710.42
MBFJF
IDCN
0.560.720.730.55
IDCN
KNG
0.870.710.730.8
KNG
TLRY
0.80.420.550.8
TLRY
MCD
MBFJF
IDCN
KNG
TLRY
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

Nowadays, there is a big difference between WILLISTON Mutual Fund performing well and WILLISTON BASINMID-NORTH Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze WILLISTON BASINMID-NORTH's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

WILLISTON BASINMID-NORTH Competitive Analysis

The better you understand WILLISTON BASINMID-NORTH competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, WILLISTON BASINMID-NORTH'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 WILLISTON BASINMID-NORTH'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
ICPAXMCDMBFJFIDCNKNGTLRY
 0.96 
 5.18 
WILLISTON
 0.42 
 272.68 
McDonalds
 4.40 
 5.69 
Mitsubishi
 99.00 
 0.000001 
Indocan
 0.00 
 52.80 
FT Cboe
 1.40 
 3.53 
Tilray
Market Volatility
(90 Days Market Risk)
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(90 Days Performance)
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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Not Available
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Not Available
Not Available
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(90 Days Macroaxis Advice)
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WILLISTON BASINMID-NORTH Competition Performance Charts

Complement your WILLISTON BASINMID-NORTH position

In addition to having WILLISTON BASINMID-NORTH 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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ETFs
ETFs Theme
Public companies that diversify risk by investing across different stocks, funds, or indexes. The ETFs theme has 20 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 ETFs Theme or any other thematic opportunities.
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Please see WILLISTON BASINMID-NORTH Correlation with its peers. Note that the WILLISTON BASINMID-NORTH information on this page should be used as a complementary analysis to other WILLISTON BASINMID-NORTH's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for WILLISTON Mutual Fund analysis

When running WILLISTON BASINMID-NORTH price analysis, check to measure WILLISTON BASINMID-NORTH's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WILLISTON BASINMID-NORTH is operating at the current time. Most of WILLISTON BASINMID-NORTH's value examination focuses on studying past and present price action to predict the probability of WILLISTON BASINMID-NORTH's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move WILLISTON BASINMID-NORTH's price. Additionally, you may evaluate how the addition of WILLISTON BASINMID-NORTH to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between WILLISTON BASINMID-NORTH's value and its price as these two are different measures arrived at by different means. Investors typically determine WILLISTON BASINMID-NORTH value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WILLISTON BASINMID-NORTH's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ICPAX
 Fund
  

USD 5.18  0.05  0.96%   

WILLISTON BASINMID-NORTH competes with McDonalds, Mitsubishi UFJ, FT Cboe, and Tilray; as well as few others. The fund is listed under Equity Energy category and is part of IntegrityVikingFunds family. Analyzing WILLISTON BASINMID-NORTH 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 WILLISTON BASINMID-NORTH to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
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 WILLISTON BASINMID-NORTH competition on your existing holdings. Please see WILLISTON BASINMID-NORTH Correlation with its peers.