Themes Competition
| AIRL Etf | 34.54 0.00 0.00% |
Themes vs YieldMax Nasdaq Correlation
Average diversification
The correlation between Themes and QDTY is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes and QDTY in the same portfolio, assuming nothing else is changed.
Moving together with Themes Etf
| 0.77 | ICLN | iShares Global Clean | PairCorr |
| 0.67 | TAN | Invesco Solar ETF | PairCorr |
| 0.84 | QCLN | First Trust NASDAQ | PairCorr |
| 0.76 | BOTZ | Global X Robotics | PairCorr |
Moving against Themes Etf
Themes Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Themes 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 Themes 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 Themes does not affect the price movement of the other competitor.
High positive correlations
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Themes Competition Risk-Adjusted Indicators
There is a big difference between Themes Etf performing well and Themes 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 Themes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.54 | 0.08 | 0.04 | 0.17 | 1.53 | 3.43 | 13.69 | |||
| MSFT | 1.33 | (0.31) | 0.00 | (0.50) | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.56 | (0.19) | 0.00 | (0.30) | 0.00 | 2.70 | 11.09 | |||
| F | 1.22 | 0.09 | 0.07 | 0.17 | 1.05 | 3.61 | 7.50 | |||
| T | 1.05 | 0.15 | 0.05 | (0.64) | 0.99 | 3.87 | 7.44 | |||
| A | 1.24 | (0.41) | 0.00 | (0.32) | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.80 | (0.30) | 0.00 | (0.18) | 0.00 | 3.66 | 12.37 | |||
| JPM | 1.27 | (0.11) | (0.03) | 0.01 | 1.83 | 2.34 | 8.17 | |||
| MRK | 1.27 | 0.33 | 0.20 | 0.72 | 1.10 | 2.81 | 8.74 | |||
| XOM | 1.32 | 0.41 | 0.23 | 12.19 | 1.09 | 2.90 | 6.83 |
Themes Competitive Analysis
The better you understand Themes competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Themes' 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 Themes' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Themes Competition Performance Charts
Five steps to successful analysis of Themes Competition
Themes' 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 Themes in relation to its competition. Themes' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Themes 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 Themes' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Themes, 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.
Complement your Themes position
In addition to having Themes 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.Did You Try This Idea?
Run Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 36 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 Rentals Theme or any other thematic opportunities.
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Understanding Themes requires distinguishing between market price and book value, where the latter reflects Themes's accounting equity. The concept of intrinsic value - what Themes' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Themes' price substantially above or below its fundamental value.
Understanding that Themes' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Themes represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Themes' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.