CoreCommodity Natural Competition
| CCNR Etf | 38.97 0.08 0.21% |
CoreCommodity Natural vs JPMorgan Diversified Correlation
Almost no diversification
The correlation between CoreCommodity Natural Resource and JPIN is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CoreCommodity Natural Resource and JPIN in the same portfolio, assuming nothing else is changed.
Moving together with CoreCommodity Etf
| 0.98 | XLB | Materials Select Sector Aggressive Push | PairCorr |
| 0.98 | VAW | Vanguard Materials Index | PairCorr |
| 0.95 | XME | SPDR SP Metals | PairCorr |
| 0.72 | PHO | Invesco Water Resources | PairCorr |
Moving against CoreCommodity Etf
CoreCommodity Natural Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between CoreCommodity Natural 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 CoreCommodity 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 CoreCommodity Natural does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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CoreCommodity Natural Constituents Risk-Adjusted Indicators
There is a big difference between CoreCommodity Etf performing well and CoreCommodity Natural 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 CoreCommodity Natural'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMZA | 0.83 | 0.21 | 0.12 | 2.36 | 0.86 | 2.03 | 4.99 | |||
| AVNM | 0.58 | 0.16 | 0.16 | 0.32 | 0.49 | 1.46 | 3.63 | |||
| MFDX | 0.59 | 0.15 | 0.17 | 0.31 | 0.42 | 1.39 | 3.08 | |||
| CDX | 0.21 | (0.02) | 0.00 | (5.80) | 0.00 | 0.41 | 1.32 | |||
| GVAL | 0.59 | 0.22 | 0.25 | 0.52 | 0.33 | 1.58 | 3.65 | |||
| EEMS | 0.55 | 0.09 | 0.06 | 0.29 | 0.48 | 1.18 | 2.83 | |||
| JPUS | 0.51 | 0.10 | 0.13 | 0.24 | 0.34 | 1.24 | 2.63 | |||
| SFLO | 0.74 | 0.03 | 0.03 | 0.11 | 0.69 | 2.06 | 4.25 | |||
| DGRS | 0.82 | 0.12 | 0.15 | 0.20 | 0.58 | 2.54 | 5.12 | |||
| JPIN | 0.54 | 0.14 | 0.15 | 0.32 | 0.40 | 1.21 | 2.75 |
CoreCommodity Natural Competitive Analysis
The better you understand CoreCommodity Natural competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, CoreCommodity Natural'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 CoreCommodity Natural'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 |
CoreCommodity Natural Competition Performance Charts
Five steps to successful analysis of CoreCommodity Natural Competition
CoreCommodity Natural'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 CoreCommodity Natural in relation to its competition. CoreCommodity Natural's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of CoreCommodity Natural 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 CoreCommodity Natural's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to CoreCommodity Natural, 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.
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Check out CoreCommodity Natural Correlation with its peers. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Understanding CoreCommodity Natural requires distinguishing between market price and book value, where the latter reflects CoreCommodity's accounting equity. The concept of intrinsic value - what CoreCommodity Natural's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push CoreCommodity Natural's price substantially above or below its fundamental value.
It's important to distinguish between CoreCommodity Natural's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding CoreCommodity Natural should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, CoreCommodity Natural's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.