AltShares Trust Competition
| ARB Etf | USD 29.23 0.04 0.14% |
AltShares Trust vs SPDR MSCI Correlation
Poor diversification
The correlation between AltShares Trust and EEMX is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AltShares Trust and EEMX in the same portfolio, assuming nothing else is changed.
Moving together with AltShares Etf
| 0.83 | MNA | IQ Merger Arbitrage | PairCorr |
| 0.76 | MARB | First Trust Vivaldi | PairCorr |
| 0.84 | CEFS | Saba Closed End | PairCorr |
Moving against AltShares Etf
AltShares Trust Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between AltShares Trust 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 AltShares 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 AltShares Trust does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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AltShares Trust Constituents Risk-Adjusted Indicators
There is a big difference between AltShares Etf performing well and AltShares Trust 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 AltShares Trust'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EPRF | 0.34 | (0.05) | 0.00 | (0.04) | 0.00 | 0.63 | 2.20 | |||
| XC | 0.56 | 0.08 | 0.05 | 0.27 | 0.44 | 1.41 | 3.14 | |||
| INCE | 0.42 | 0.16 | 0.23 | 0.41 | 0.00 | 1.07 | 2.18 | |||
| FCLD | 1.46 | (0.23) | 0.00 | (0.09) | 0.00 | 2.71 | 8.72 | |||
| TYA | 0.50 | (0.01) | (0.13) | 0.05 | 0.57 | 0.90 | 2.71 | |||
| TAXE | 0.07 | 0.02 | (0.86) | 1.21 | 0.00 | 0.17 | 0.51 | |||
| HERD | 0.52 | 0.12 | 0.14 | 0.26 | 0.33 | 1.46 | 2.90 | |||
| DVOL | 0.59 | 0.03 | 0.01 | 0.13 | 0.62 | 1.26 | 3.76 | |||
| SNOY | 2.05 | (0.64) | 0.00 | (0.38) | 0.00 | 3.11 | 12.80 | |||
| EEMX | 0.73 | 0.14 | 0.12 | 0.30 | 0.53 | 1.89 | 4.63 |
AltShares Trust Competitive Analysis
The better you understand AltShares Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, AltShares Trust'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 AltShares Trust'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 |
AltShares Trust Competition Performance Charts
Five steps to successful analysis of AltShares Trust Competition
AltShares Trust'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 AltShares Trust in relation to its competition. AltShares Trust's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of AltShares Trust 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 AltShares Trust's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to AltShares Trust, 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 AltShares Trust position
In addition to having AltShares Trust 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?
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Realty Funds
Funds or Etfs investing in real estate backed instruments or issues backed by different types of commercial properties. The Realty Funds theme has 46 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 Realty Funds Theme or any other thematic opportunities.
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Check out AltShares Trust Correlation with its peers. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Understanding AltShares Trust requires distinguishing between market price and book value, where the latter reflects AltShares's accounting equity. The concept of intrinsic value - what AltShares Trust's 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 AltShares Trust's price substantially above or below its fundamental value.
Understanding that AltShares Trust's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether AltShares Trust represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, AltShares Trust's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.