Breakwave Dry Competition
| BDRY Etf | USD 11.53 0.05 0.44% |
Breakwave Dry vs Federated Hermes Correlation
Poor diversification
The correlation between Breakwave Dry Bulk and FLCV is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Breakwave Dry Bulk and FLCV in the same portfolio, assuming nothing else is changed.
Breakwave Dry Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Breakwave Dry 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 Breakwave 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 Breakwave Dry Bulk does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Breakwave Dry Constituents Risk-Adjusted Indicators
There is a big difference between Breakwave Etf performing well and Breakwave Dry 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 Breakwave Dry'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 | 1.61 | (0.08) | 0.00 | (0.04) | 0.00 | 3.43 | 11.42 | |||
| MSFT | 1.23 | (0.32) | 0.00 | (1.41) | 0.00 | 1.85 | 13.28 | |||
| UBER | 1.46 | (0.30) | 0.00 | (0.36) | 0.00 | 2.46 | 10.23 | |||
| F | 1.24 | 0.05 | 0.04 | 0.08 | 1.23 | 3.38 | 7.16 | |||
| T | 0.96 | 0.05 | 0.02 | 0.23 | 1.04 | 1.85 | 3.77 | |||
| A | 1.19 | (0.18) | 0.00 | (0.10) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.54 | (0.30) | 0.00 | (0.25) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.09 | (0.03) | (0.01) | 0.01 | 1.67 | 1.88 | 7.38 | |||
| MRK | 1.28 | 0.33 | 0.24 | 0.50 | 1.13 | 3.59 | 8.09 | |||
| XOM | 1.08 | 0.31 | 0.23 | 3.83 | 0.95 | 2.38 | 5.82 |
Breakwave Dry Competitive Analysis
The better you understand Breakwave Dry competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Breakwave Dry'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 Breakwave Dry'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 |
Breakwave Dry Competition Performance Charts
Five steps to successful analysis of Breakwave Dry Competition
Breakwave Dry'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 Breakwave Dry Bulk in relation to its competition. Breakwave Dry's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Breakwave Dry 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 Breakwave Dry's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Breakwave Dry Bulk, 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 Breakwave Dry position
In addition to having Breakwave Dry 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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Healthcare
Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 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 Healthcare Theme or any other thematic opportunities.
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Check out Breakwave Dry Correlation with its peers. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Understanding Breakwave Dry Bulk requires distinguishing between market price and book value, where the latter reflects Breakwave's accounting equity. The concept of intrinsic value—what Breakwave Dry'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 Breakwave Dry's price substantially above or below its fundamental value.
It's important to distinguish between Breakwave Dry's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Breakwave Dry should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Breakwave Dry's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.