BDCL Competition
BDCL competes with ProShares Ultra, Direxion Daily, ProShares Ultra, Direxion Daily, and Direxion Daily; as well as few others. Analyzing BDCL 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 BDCL to its intrinsic valuation because they are able to contrast its competitors on a relative basis. 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 services.
BDCL vs Direxion Daily Correlation
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BDCL'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.
BDCL Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between BDCL 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 BDCL 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 BDCL does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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BDCL Competition Risk-Adjusted Indicators
There is a big difference between BDCL Etf performing well and BDCL 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 BDCL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.48 | 0.06 | 0.03 | 0.13 | 1.43 | 3.43 | 13.69 | |||
| MSFT | 1.31 | (0.36) | 0.00 | (1.07) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.54 | (0.36) | 0.00 | (0.71) | 0.00 | 2.46 | 11.09 | |||
| F | 1.20 | 0.03 | 0.02 | 0.09 | 1.21 | 3.34 | 7.16 | |||
| T | 1.01 | 0.14 | 0.08 | 28.20 | 0.94 | 3.87 | 7.44 | |||
| A | 1.23 | (0.29) | 0.00 | (0.18) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.70 | (0.43) | 0.00 | (0.39) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.21 | (0.08) | (0.03) | 0.00 | 1.66 | 2.34 | 7.38 | |||
| MRK | 1.28 | 0.39 | 0.28 | 0.63 | 0.97 | 2.93 | 8.74 | |||
| XOM | 1.27 | 0.37 | 0.23 | 1.41 | 1.06 | 2.90 | 6.83 |
BDCL Competitive Analysis
The better you understand BDCL competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, BDCL'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 BDCL'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 |
BDCL Competition Performance Charts
Five steps to successful analysis of BDCL Competition
BDCL'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 BDCL in relation to its competition. BDCL's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of BDCL 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 BDCL's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to BDCL, 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.
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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 services. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Tools for BDCL Etf
When running BDCL's price analysis, check to measure BDCL'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 BDCL is operating at the current time. Most of BDCL's value examination focuses on studying past and present price action to predict the probability of BDCL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BDCL's price. Additionally, you may evaluate how the addition of BDCL to your portfolios can decrease your overall portfolio volatility.
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