Brendan Wood Competition
| BWTG Etf | 39.65 0.00 0.00% |
Brendan Wood vs ProShares Ultra Correlation
Very weak diversification
The correlation between Brendan Wood TopGun and UCC is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brendan Wood TopGun and UCC in the same portfolio, assuming nothing else is changed.
Moving together with Brendan Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brendan Wood'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.
Brendan Wood Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Brendan Wood 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 Brendan 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 Brendan Wood TopGun does not affect the price movement of the other competitor.
High positive correlations
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Brendan Wood Constituents Risk-Adjusted Indicators
There is a big difference between Brendan Etf performing well and Brendan Wood 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 Brendan Wood'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DGIN | 0.81 | (0.19) | 0.00 | (0.32) | 0.00 | 1.65 | 6.87 | |||
| DRAI | 0.52 | (0.07) | 0.00 | (0.06) | 0.00 | 0.90 | 3.35 | |||
| SAMM | 0.83 | (0.01) | (0.01) | 0.05 | 1.11 | 1.41 | 5.60 | |||
| OCTH | 0.15 | 0.00 | (0.18) | 0.06 | 0.14 | 0.42 | 1.18 | |||
| BYRE | 0.53 | 0.07 | 0.04 | 0.26 | 0.51 | 1.30 | 2.36 | |||
| PATN | 0.78 | 0.18 | 0.18 | 0.28 | 0.70 | 1.94 | 4.22 | |||
| RHRX | 0.62 | 0.02 | 0.01 | 0.09 | 0.76 | 1.29 | 4.08 | |||
| XTJL | 0.27 | 0.00 | (0.08) | 0.05 | 0.36 | 0.59 | 2.16 | |||
| MEDX | 0.91 | 0.11 | 0.10 | 0.23 | 0.79 | 2.52 | 4.72 | |||
| UCC | 1.60 | (0.21) | 0.00 | (0.06) | 0.00 | 3.36 | 9.55 |
Brendan Wood Competitive Analysis
The better you understand Brendan Wood competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Brendan Wood'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 Brendan Wood'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 |
Brendan Wood Competition Performance Charts
Five steps to successful analysis of Brendan Wood Competition
Brendan Wood'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 Brendan Wood TopGun in relation to its competition. Brendan Wood's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Brendan Wood 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 Brendan Wood's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Brendan Wood TopGun, 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 Brendan Wood position
In addition to having Brendan Wood 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 Money Market Funds Thematic Idea Now
Money Market Funds
Funds or Etfs investing in various types of short-term (less than one year) fixed income instruments of high-quality and liquidity. The Money Market Funds theme has 43 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 Money Market Funds Theme or any other thematic opportunities.
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Check out Brendan Wood Correlation with its peers. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of Brendan Wood TopGun is measured differently than its book value, which is the value of Brendan that is recorded on the company's balance sheet. Investors also form their own opinion of Brendan Wood's value that differs from its market value or its book value, called intrinsic value, which is Brendan Wood's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Brendan Wood's market value can be influenced by many factors that don't directly affect Brendan Wood's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Brendan Wood's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Brendan Wood should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Brendan Wood's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.