BASIC MATERIALS Competition
| BMPIX Fund | USD 115.51 2.77 2.46% |
BASIC MATERIALS vs T ROWE Correlation Details
Very poor diversification
The correlation between BASIC MATERIALS and T ROWE is 0.81, which Macroaxis classifies as Very poor diversification for the selected horizon. A 0.81 reading means BASIC MATERIALS and T ROWE have substantial price overlap, limiting diversification benefit.
The mean reversion principle applied to BASIC MATERIALS's suggests that neither prolonged outperformance nor underperformance is permanent. Identifying the root cause of BASIC MATERIALS's price dislocation is essential before acting on a mean reversion signal. The mean reversion tendency in BASIC MATERIALS's price is a well-documented phenomenon in academic research. In many cases, BASIC MATERIALS's price extremes present statistical patterns that have recurred historically.
BASIC MATERIALS Competition Correlation Matrix
Studying peer correlation around Basic Materials Ultrasector gives investors a cleaner read on how much independent price behavior still exists across the competitive set. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
| 0.84 | 0.93 | 0.9 | 0.94 | PRKQX | ||
| 0.84 | 0.7 | 0.63 | 0.73 | CNREX | ||
| 0.93 | 0.7 | 0.97 | 0.99 | GRESX | ||
| 0.9 | 0.63 | 0.97 | 0.96 | JYEBX | ||
| 0.94 | 0.73 | 0.99 | 0.96 | TRREX | ||
Risk-Adjusted Indicators
Strong recent returns in BASIC Mutual Fund do not always mean BASIC MATERIALS Mutual Fund is outperforming peers on business quality. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRKQX | 0.52 | 0.07 | 0.12 | 0.10 | 0.76 | 0.94 | 4.96 | |||
| CNREX | 0.74 | 0.03 | 0.00 | -0.04 | 0.00 | 1.68 | 4.91 | |||
| GRESX | 0.63 | 0.03 | 0.07 | 0.09 | 1.07 | 1.38 | 3.27 | |||
| JYEBX | 0.63 | 0.01 | 0.09 | -0.14 | 0.93 | 1.31 | 3.52 | |||
| TRREX | 0.65 | 0.06 | 0.08 | 0.06 | 0.95 | 1.31 | 4.53 |
BASIC MATERIALS Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
BASIC MATERIALS Competition Peer Performance Charts
How to Analyze BASIC MATERIALS Against Peers
BASIC MATERIALS's peer analysis compares BASIC MATERIALS with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether BASIC MATERIALS trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where BASIC MATERIALS leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Earnings revisions for BASIC MATERIALS have trended more positive than for its closest peers over the last 90 days. Peer rankings that stay stable over multiple quarters tend to reflect structural edges rather than short-term luck. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.
Inputs for Basic Materials Ultrasector come from fund disclosures and market reference feeds and are mapped into a consistent reporting framework. Some fields can appear with publication lag.