VanEck Africa Competition

AFK Etf

USD 28.19 1.04 3.83%

VanEck Africa Index competes with FlexShares International, Pacer American, First Trust, Exchange Traded, and IShares MSCI; as well as few others. Analyzing VanEck Africa 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 VanEck Africa to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out VanEck Africa Correlation with its peers.

VanEck Africa vs Pacer Cash Correlation

Almost no diversification

The correlation between VanEck Africa Index and BUL is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Africa Index and BUL in the same portfolio, assuming nothing else is changed.

Moving together with VanEck Etf

0.95	BBCA	JPMorgan BetaBuilders	Pair Corr
0.95	EWC	iShares MSCI Canada	Pair Corr
0.96	EWU	iShares MSCI United	Pair Corr
0.88	EWY	iShares MSCI South	Pair Corr
0.83	EWA	iShares MSCI Australia	Pair Corr

Moving against VanEck Etf

0.81

FNGU

MicroSectors FANG Index Symbol Change

Pair Corr

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Hype

Prediction

Low	Estimated	High
26.55	28.26	29.97

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Intrinsic

Valuation

Low	Real	High
25.37	30.27	31.98

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as VanEck Africa. Your research has to be compared to or analyzed against VanEck Africa's peers to derive any actionable benefits. When done correctly, VanEck Africa's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in VanEck Africa Index.

VanEck Africa Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VanEck Africa and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of VanEck 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 VanEck Africa Index does not affect the price movement of the other competitor.

	IQDY	USAI	FEUZ	BLUI	KWT	EOCT	REVS	RFDA	RAYE	BUL
IQDY		0.82	0.99	0.93	-0.57	0.96	0.94	0.87	0.77	0.85	IQDY
USAI	0.82		0.8	0.85	-0.67	0.77	0.75	0.65	0.77	0.49	USAI
FEUZ	0.99	0.8		0.91	-0.54	0.94	0.96	0.88	0.73	0.87	FEUZ
BLUI	0.93	0.85	0.91		-0.68	0.9	0.91	0.77	0.76	0.77	BLUI
KWT	-0.57	-0.67	-0.54	-0.68		-0.64	-0.41	-0.29	-0.72	-0.21	KWT
EOCT	0.96	0.77	0.94	0.9	-0.64		0.86	0.81	0.81	0.78	EOCT
REVS	0.94	0.75	0.96	0.91	-0.41	0.86		0.9	0.62	0.92	REVS
RFDA	0.87	0.65	0.88	0.77	-0.29	0.81	0.9		0.53	0.87	RFDA
RAYE	0.77	0.77	0.73	0.76	-0.72	0.81	0.62	0.53		0.43	RAYE
BUL	0.85	0.49	0.87	0.77	-0.21	0.78	0.92	0.87	0.43		BUL
	IQDY	USAI	FEUZ	BLUI	KWT	EOCT	REVS	RFDA	RAYE	BUL

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High positive correlations

FEUZ	+ 0.99	IQDY
EOCT	+ 0.96	IQDY
REVS	+ 0.96	FEUZ
REVS	+ 0.94	IQDY
EOCT	+ 0.94	FEUZ
BLUI	+ 0.93	IQDY

High negative correlations

RAYE	- 0.72	KWT
KWT	- 0.68	BLUI
KWT	- 0.67	USAI
EOCT	- 0.64	KWT
KWT	- 0.57	IQDY
KWT	- 0.54	FEUZ

VanEck Africa Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Africa ETF 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 VanEck Africa'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IQDY	0.63	0.12	0.12	0.24	0.57	(0.69)	1.37	(1.30)	3.26
USAI	0.77	0.21	0.16	1.62	0.66	(0.90)	1.64	(1.31)	4.09
FEUZ	0.62	0.13	0.12	0.28	0.60	(0.69)	1.48	(1.20)	3.42
BLUI	0.13	0.02	(0.22)	0.27	0.00	(0.15)	0.28	(0.24)	0.83
KWT	0.68	(0.08)	0.00	(0.34)	0.00	0.00	1.07	(1.31)	8.55
EOCT	0.31	0.03	(0.06)	0.21	0.24	(0.36)	0.78	(0.57)	2.20
REVS	0.63	0.07	0.08	0.16	0.50	(0.70)	1.37	(1.17)	2.75
RFDA	0.48	(0.02)	(0.06)	0.06	0.64	(0.52)	1.23	(1.23)	3.65
RAYE	1.43	0.23	0.05	(0.33)	1.81	(1.76)	4.86	(2.96)	12.98
BUL	0.80	0.01	0.01	0.09	0.91	(0.91)	1.78	(1.73)	4.22

VanEck Africa Competitive Analysis

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

	AFK	IQDY	USAI	FEUZ	BLUI	KWT	EOCT	REVS	RFDA	RAYE
	3.83 28.19 VanEck	2.73 39.90 FlexShares	0.26 42.62 Pacer	0.00 66.06 First	0.00 25.72 Exchange	0.84 37.25 IShares	0.80 32.89 Innovator	1.56 30.01 Columbia	0.00 65.25 RiverFront	0.78 31.95 Rayliant
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Solid	Solid	Solid	Good	Weakest	Good	Good	Mild	Mild
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Hazard
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Over 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 Buy	Strong Buy	Strong Buy	Strong Buy	Strong Sell	Cautious Hold	Hold	Strong Buy	Strong Hold	Not Rated
Price To Sales	2.06	0.95	N/A	0.61	N/A	0.56	N/A	N/A	1.13	N/A
Equity Positions Weight	95.96	98.3	99.62	99.97	N/A	99.86	219.75	99.7	99.81	99.17
Three Year Return	19.9	21.3	21.3	22.0	N/A	8.7	11.6	15.6	16.4	16.8
Net Asset	43.36 M	61.19 M	41.14 M	16.05 M	N/A	29.54 M	7.29 M	15.65 M	92.4 M	18.7 M
Price To Book	1.53	1.45	N/A	1.26	N/A	0.77	N/A	N/A	2.16	N/A
Five Year Return	8.0	12.0	23.7	11.7	N/A	11.2	N/A	13.5	13.4	N/A
One Year Return	67.3	43.5	9.1	57.7	N/A	12.2	24.0	17.6	17.5	22.5
Last Dividend Paid	1.29	0.26	0.12	0.18	N/A	N/A	N/A	0.15	0.056	N/A
Ten Year Return	8.3	12.0	N/A	11.1	N/A	N/A	N/A	N/A	N/A	N/A
Price To Earning	12.9	13.85	N/A	13.01	N/A	10.33	N/A	N/A	17.72	N/A
Beta	1.12	1.05	0.7	1.12	N/A	0.58	0.49	0.85	0.96	0.86
Day Typical Price	27.84	39.75	42.42	65.96	25.71	37.15	32.83	29.98	65.11	31.97
Accumulation Distribution	0.0369	0.0113	0.0143	0.0125	0.0012	0.0083	0.0103	0.0063	0.0064	0.0137
Market Facilitation Index	1.04	0.45	0.61	0.83	0.03	0.31	0.34	0.19	0.42	0.44
Daily Balance Of Power	1.0	2.355556	0.1803	N/A	N/A	1.0	0.7647	2.421053	N/A	(0.57)
Period Momentum Indicator	1.04	1.06	0.11	N/A	N/A	0.31	0.26	0.46	N/A	(0.25)
Rate Of Daily Change	1.04	1.03	1.0	1.0	1.0	1.01	1.01	1.02	1.0	0.99
Day Median Price	27.67	39.67	42.32	65.91	25.71	37.1	32.8	29.97	65.04	31.98
Price Action Indicator	1.04	0.75	0.36	0.15	0.015	0.31	0.22	0.28	0.21	(0.16)
Coefficient Of Variation	630.17	424.28	408.37	416.3	410.48	(1,946)	641.52	520.95	1475.68	1126.56
Mean Deviation	1.3	0.6312	0.7743	0.6166	0.1347	0.6768	0.3137	0.6344	0.4844	1.43
Jensen Alpha	0.1933	0.1247	0.213	0.1291	0.0229	(0.08)	0.0342	0.07	(0.02)	0.2279
Total Risk Alpha	0.095	0.1036	0.1295	0.1018	0.0153	(0.16)	0.0139	0.0607	(0.03)	(0.03)
Sortino Ratio	0.0894	0.1194	0.1551	0.1245	(0.22)	N/A	(0.06)	0.0786	(0.06)	0.0495
Downside Variance	4.47	0.7877	0.8667	0.6489	0.0463	N/A	0.183	0.5095	0.5185	4.45
Standard Deviation	1.76	0.83	0.9558	0.7909	0.1748	1.02	0.4192	0.7595	0.6843	2.19
Kurtosis	2.75	0.5121	(0.22)	0.004	0.7886	7.73	0.4334	(0.85)	1.34	2.51
Potential Upside	2.78	1.37	1.64	1.48	0.2794	1.07	0.7757	1.37	1.23	4.86
Treynor Ratio	0.2844	0.2428	1.62	0.2816	0.267	(0.34)	0.2087	0.1645	0.0557	(0.33)
Maximum Drawdown	10.01	3.26	4.09	3.42	0.8251	8.55	2.2	2.75	3.65	12.98
Variance	3.08	0.6888	0.9135	0.6256	0.0305	1.05	0.1758	0.5768	0.4683	4.78
Market Risk Adjusted Performance	0.2944	0.2528	1.63	0.2916	0.277	(0.33)	0.2187	0.1745	0.0657	(0.32)
Risk Adjusted Performance	0.1333	0.1902	0.1989	0.1934	0.1602	(0.04)	0.1164	0.1541	0.0528	0.0778
Skewness	(1.06)	0.0935	(0.33)	(0.28)	(0.83)	0.0383	0.0177	0.0049	(0.15)	0.2474
Semi Deviation	1.81	0.5705	0.6633	0.6009	0.0	N/A	0.242	0.5021	0.6371	1.81
Information Ratio	0.1076	0.1277	0.1511	0.1268	(0.27)	(0.14)	(0.06)	0.0739	(0.06)	0.0477
Value At Risk	(2.49)	(1.30)	(1.31)	(1.20)	(0.24)	(1.31)	(0.57)	(1.17)	(1.23)	(2.96)
Expected Short fall	(1.34)	(0.69)	(0.90)	(0.69)	(0.15)	N/A	(0.36)	(0.70)	(0.52)	(1.76)
Downside Deviation	2.11	0.8875	0.931	0.8056	0.2152	N/A	0.4277	0.7138	0.7201	2.11
Semi Variance	3.26	0.3254	0.44	0.3611	(0.02)	N/A	0.0586	0.2521	0.4059	3.26

VanEck Africa Competition Performance Charts

Five steps to successful analysis of VanEck Africa Competition

VanEck Africa'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 VanEck Africa Index in relation to its competition. VanEck Africa's competition analysis typically involves several steps, including:

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

In addition to having VanEck Africa 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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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The High Dividend Yield ETFs theme has 111 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 High Dividend Yield ETFs Theme or any other thematic opportunities.

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When determining whether VanEck Africa Index is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VanEck Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Vaneck Africa Index Etf. Highlighted below are key reports to facilitate an investment decision about Vaneck Africa Index Etf:

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Check out VanEck Africa Correlation with its peers.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Investors evaluate VanEck Africa Index using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating VanEck Africa's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause VanEck Africa's market price to deviate significantly from intrinsic value.

Understanding that VanEck Africa's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether VanEck Africa represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, VanEck Africa's market price signifies the transaction level at which participants voluntarily complete trades.

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VanEck Africa Competition

VanEck Africa vs Pacer Cash Correlation

Almost no diversification

Moving together with VanEck Etf

Moving against VanEck Etf

Specify up to 10 symbols:

VanEck Africa Competition Correlation Matrix

High positive correlations

High negative correlations

VanEck Africa Constituents Risk-Adjusted Indicators

VanEck Africa Competitive Analysis

VanEck Africa Competition Performance Charts

Five steps to successful analysis of VanEck Africa Competition

Complement your VanEck Africa position

Did You Try This Idea?

Run High Dividend Yield ETFs Thematic Idea Now

High Dividend Yield ETFs

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