VanEck Gaming Competition
| BJK Etf | USD 37.14 0.82 2.16% |
VanEck Gaming vs Franklin Templeton Correlation
Very good diversification
The correlation between VanEck Gaming ETF and XIDV is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Gaming ETF and XIDV in the same portfolio, assuming nothing else is changed.
Moving against VanEck Etf
VanEck Gaming Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VanEck Gaming 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 Gaming ETF does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
VanEck Gaming Constituents Risk-Adjusted Indicators
There is a big difference between VanEck Etf performing well and VanEck Gaming 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 Gaming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNRG | 0.68 | 0.10 | 0.09 | 0.23 | 0.72 | 1.50 | 4.06 | |||
| NERD | 0.79 | (0.25) | 0.00 | (0.38) | 0.00 | 1.69 | 3.87 | |||
| IFEB | 0.17 | 0.02 | (0.01) | 0.13 | 0.12 | 0.47 | 1.22 | |||
| OASC | 0.77 | 0.01 | 0.02 | 0.05 | 0.89 | 1.79 | 4.02 | |||
| HSMV | 0.49 | 0.02 | 0.00 | 0.08 | 0.50 | 1.03 | 2.51 | |||
| SFYX | 0.79 | 0.01 | 0.01 | 0.04 | 0.96 | 1.51 | 3.76 | |||
| OVF | 0.67 | 0.08 | 0.08 | 0.12 | 0.84 | 1.31 | 4.09 | |||
| UXI | 1.42 | 0.10 | 0.07 | 0.08 | 1.83 | 2.75 | 7.75 | |||
| RSPE | 0.63 | 0.03 | 0.04 | 0.07 | 0.67 | 1.57 | 3.77 | |||
| XIDV | 0.50 | 0.17 | 0.24 | 1.19 | 0.24 | 1.19 | 2.35 |
VanEck Gaming Competitive Analysis
The better you understand VanEck Gaming competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, VanEck Gaming'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 Gaming'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 |
VanEck Gaming Competition Performance Charts
Five steps to successful analysis of VanEck Gaming Competition
VanEck Gaming'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 Gaming ETF in relation to its competition. VanEck Gaming's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of VanEck Gaming 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 Gaming's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to VanEck Gaming ETF, 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 VanEck Gaming position
In addition to having VanEck Gaming 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 Crypto And Gold Thematic Idea Now
Crypto And Gold
Assets that cancel away each other volatility by providing diversification into gold investment combined with digital assets. The Crypto And Gold theme has 54 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 Crypto And Gold Theme or any other thematic opportunities.
| View All Next | Launch |
Check out VanEck Gaming Correlation with its peers. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Understanding VanEck Gaming ETF requires distinguishing between market price and book value, where the latter reflects VanEck's accounting equity. The concept of intrinsic value—what VanEck Gaming'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 VanEck Gaming's price substantially above or below its fundamental value.
It's important to distinguish between VanEck Gaming's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding VanEck Gaming should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, VanEck Gaming's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.