MicroSectors Big Competition
| BNKU Etf | USD 34.78 0.73 2.14% |
MicroSectors Big vs First Trust Correlation
Poor diversification
The correlation between MicroSectors Big Banks and GDEC is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MicroSectors Big Banks and GDEC in the same portfolio, assuming nothing else is changed.
Moving against MicroSectors Etf
MicroSectors Big Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between MicroSectors Big 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 MicroSectors 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 MicroSectors Big Banks does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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MicroSectors Big Constituents Risk-Adjusted Indicators
There is a big difference between MicroSectors Etf performing well and MicroSectors Big 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 MicroSectors Big'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JIG | 0.66 | (0.04) | (0.06) | 0.04 | 0.89 | 1.43 | 3.78 | |||
| DXUV | 0.60 | 0.02 | 0.02 | 0.12 | 0.56 | 1.43 | 3.56 | |||
| PRAE | 0.81 | 0.04 | 0.01 | 0.16 | 1.00 | 1.67 | 5.50 | |||
| SHE | 0.62 | (0.02) | (0.04) | 0.07 | 0.75 | 1.20 | 3.34 | |||
| FLRG | 0.47 | (0.07) | 0.00 | (0.02) | 0.00 | 1.01 | 2.80 | |||
| DJUN | 0.16 | 0.00 | (0.27) | 0.11 | 0.12 | 0.42 | 1.23 | |||
| HAWX | 0.50 | 0.05 | 0.04 | 0.17 | 0.50 | 1.11 | 3.06 | |||
| PIO | 0.66 | (0.06) | (0.09) | 0.02 | 0.81 | 1.20 | 3.60 | |||
| KJAN | 0.60 | 0.01 | (0.01) | 0.11 | 0.67 | 1.31 | 3.20 | |||
| GDEC | 0.22 | 0.04 | (0.14) | 0.77 | 0.13 | 0.60 | 1.81 |
MicroSectors Big Competitive Analysis
The better you understand MicroSectors Big competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, MicroSectors Big'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 MicroSectors Big'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 |
MicroSectors Big Competition Performance Charts
Five steps to successful analysis of MicroSectors Big Competition
MicroSectors Big'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 MicroSectors Big Banks in relation to its competition. MicroSectors Big's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of MicroSectors Big 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 MicroSectors Big's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to MicroSectors Big Banks, 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 MicroSectors Big position
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Fund or Etfs that invest in stocks of large organizations that have characteristics of both growth and value companies. The Large Blend Funds theme has 38 constituents at this time.
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Check out MicroSectors Big Correlation with its peers. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of MicroSectors Big Banks is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Big's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Big's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MicroSectors Big's market value can be influenced by many factors that don't directly affect MicroSectors Big's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MicroSectors Big's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Big is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Big's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.