ETF Managers Competition
| BWET Etf | 40.24 4.36 12.15% |
ETF Managers vs Global X Correlation
Very weak diversification
The correlation between ETF Managers Group and XTR is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETF Managers Group and XTR in the same portfolio, assuming nothing else is changed.
Moving together with ETF Etf
| 0.81 | GLD | SPDR Gold Shares Aggressive Push | PairCorr |
| 0.81 | IAU | iShares Gold Trust Aggressive Push | PairCorr |
| 0.7 | SLV | iShares Silver Trust | PairCorr |
| 0.81 | GLDM | SPDR Gold Mini | PairCorr |
| 0.81 | SGOL | abrdn Physical Gold | PairCorr |
Moving against ETF Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETF Managers' 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.
ETF Managers Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ETF Managers 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 ETF 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 ETF Managers Group does not affect the price movement of the other competitor.
High positive correlations
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ETF Managers Competition Risk-Adjusted Indicators
There is a big difference between ETF Etf performing well and ETF Managers 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 ETF Managers' 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 | 1.51 | 0.02 | (0.01) | 0.11 | 1.55 | 3.43 | 13.69 | |||
| MSFT | 1.32 | (0.41) | 0.00 | (0.89) | 0.00 | 1.85 | 13.28 | |||
| UBER | 1.55 | (0.47) | 0.00 | (0.70) | 0.00 | 2.41 | 11.09 | |||
| F | 1.22 | 0.03 | 0.02 | 0.11 | 1.20 | 3.38 | 7.16 | |||
| T | 0.94 | 0.16 | 0.09 | 1.52 | 0.83 | 2.02 | 4.32 | |||
| A | 1.21 | (0.26) | 0.00 | (0.14) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.71 | (0.54) | 0.00 | (0.39) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.20 | (0.04) | 0.00 | 0.05 | 1.67 | 2.34 | 7.38 | |||
| MRK | 1.26 | 0.56 | 0.43 | 0.97 | 0.69 | 3.59 | 8.09 | |||
| XOM | 1.17 | 0.41 | 0.26 | 3.45 | 0.94 | 2.69 | 5.85 |
ETF Managers Competitive Analysis
The better you understand ETF Managers competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ETF Managers' 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 ETF Managers' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
ETF Managers Competition Performance Charts
Five steps to successful analysis of ETF Managers Competition
ETF Managers' 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 ETF Managers Group in relation to its competition. ETF Managers' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ETF Managers 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 ETF Managers' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ETF Managers Group, 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 ETF Managers position
In addition to having ETF Managers 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 Consumer Staples ETFs Thematic Idea Now
Consumer Staples ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Consumer Staples ETFs theme has 15 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 Consumer Staples ETFs Theme or any other thematic opportunities.
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Check out ETF Managers Correlation with its peers. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Investors evaluate ETF Managers Group using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ETF Managers' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause ETF Managers' market price to deviate significantly from intrinsic value.
It's important to distinguish between ETF Managers' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding ETF Managers should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, ETF Managers' market price signifies the transaction level at which participants voluntarily complete trades.