SavvyLong Cdn Competition

CNQU Etf

27.99 0.02 0.07%

SavvyLong Cdn Natural competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, and IShares Canadian; as well as few others. Analyzing SavvyLong Cdn competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of SavvyLong Cdn to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

SavvyLong Cdn vs BMO SPTSX Correlation

Good diversification

The correlation between SavvyLong Cdn Natural and ZEB is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SavvyLong Cdn Natural and ZEB in the same portfolio, assuming nothing else is changed.

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SavvyLong Cdn Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SavvyLong Cdn 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 SavvyLong 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 SavvyLong Cdn Natural does not affect the price movement of the other competitor.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.16	-0.03	0.2	0.05	-0.35	0.25	0.14	0.04	0.16	META
MSFT	0.16		0.74	-0.55	0.28	0.35	0.44	-0.02	-0.8	-0.72	MSFT
UBER	-0.03	0.74		-0.48	0.33	0.52	0.1	-0.2	-0.8	-0.53	UBER
F	0.2	-0.55	-0.48		-0.52	-0.28	0.0	0.4	0.7	0.66	F
T	0.05	0.28	0.33	-0.52		0.46	-0.25	-0.27	-0.37	-0.38	T
A	-0.35	0.35	0.52	-0.28	0.46		-0.07	-0.06	-0.33	-0.56	A
CRM	0.25	0.44	0.1	0.0	-0.25	-0.07		0.69	-0.15	-0.5	CRM
JPM	0.14	-0.02	-0.2	0.4	-0.27	-0.06	0.69		0.29	-0.13	JPM
MRK	0.04	-0.8	-0.8	0.7	-0.37	-0.33	-0.15	0.29		0.68	MRK
XOM	0.16	-0.72	-0.53	0.66	-0.38	-0.56	-0.5	-0.13	0.68		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

UBER	+ 0.74	MSFT
MRK	+ 0.7	F
JPM	+ 0.69	CRM
XOM	+ 0.68	MRK
XOM	+ 0.66	F
A	+ 0.52	UBER

High negative correlations

MRK	- 0.8	UBER
MRK	- 0.8	MSFT
XOM	- 0.72	MSFT
XOM	- 0.56	A
F	- 0.55	MSFT
XOM	- 0.53	UBER

SavvyLong Cdn Competition Risk-Adjusted Indicators

There is a big difference between SavvyLong Etf performing well and SavvyLong Cdn 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 SavvyLong Cdn'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
META	1.61	(0.08)	0.00	(0.04)	0.00	0.00	3.43	(2.72)	11.42
MSFT	1.23	(0.32)	0.00	(1.41)	0.00	0.00	1.85	(2.70)	13.28
UBER	1.46	(0.30)	0.00	(0.36)	0.00	0.00	2.46	(3.82)	10.23
F	1.24	0.05	0.04	0.08	1.23	(1.46)	3.38	(2.35)	7.16
T	0.96	0.05	0.02	0.23	1.04	(1.03)	1.85	(1.85)	3.77
A	1.19	(0.18)	0.00	(0.10)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.54	(0.30)	0.00	(0.25)	0.00	0.00	2.94	(4.26)	12.37
JPM	1.09	(0.03)	(0.01)	0.01	1.67	(1.09)	1.88	(3.11)	7.38
MRK	1.28	0.33	0.24	0.50	1.13	(1.56)	3.59	(1.98)	8.09
XOM	1.08	0.31	0.23	3.83	0.95	(1.26)	2.38	(1.51)	5.82

SavvyLong Cdn Competitive Analysis

The better you understand SavvyLong Cdn competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SavvyLong Cdn'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 SavvyLong Cdn'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

	CNQU	XIU	XSP	XIC	ZAG	XBB	ZCN	ZSP	TCLB	VFV
	0.07 27.99 SavvyLong	2.82 46.90 IShares	0.45 70.48 IShares	3.23 51.01 IShares	0.07 13.83 BMO	0.11 28.24 IShares	3.24 42.76 BMO	0.66 103.55 BMO	0.28 112.21 TCLB	0.56 167.64 Vanguard
Market Volatility (90 Days Market Risk)	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Fair	Weak	Fair	Weakest	Weakest	Fair	Weakest	Weakest	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Hold	Cautious Hold	Cautious Hold	Cautious Hold	Cautious Hold	Hold	Hold	Hold
Holdings Turnover	N/A	N/A	25.68	N/A	41.0	N/A	19.46	26.07	N/A	N/A
Net Asset	N/A	8.77 B	6.65 B	6.35 B	5.03 B	4.69 B	4.19 B	4.05 B	3.61 B	3.26 B
Price To Book	N/A	N/A	2.68	N/A	N/A	N/A	N/A	N/A	N/A	2.71
Five Year Return	N/A	15.9	12.5	16.4	-0.1	-0.1	16.4	15.4	N/A	15.4
One Year Return	N/A	28.6	12.2	33.6	3.6	3.6	33.5	8.8	N/A	8.8
Last Dividend Paid	N/A	0.19	0.27	0.22	0.04	0.074	0.16	0.15	N/A	0.27
Price To Earning	N/A	5.15	5.23	5.0	N/A	18.8	17.22	N/A	N/A	19.37
Beta	N/A	1.02	0.94	1.0	1.01	1.01	1.0	0.96	1.04	0.96
Price To Sales	N/A	N/A	1.86	N/A	N/A	N/A	N/A	N/A	N/A	1.89
Equity Positions Weight	N/A	99.83	98.88	99.69	N/A	N/A	99.75	99.94	N/A	99.97
Three Year Return	N/A	18.9	19.6	20.5	3.6	3.6	20.5	22.1	N/A	22.1
Annual Yield	N/A	N/A	N/A	N/A	0.0303	N/A	0.0392	N/A	N/A	N/A
Bond Positions Weight	N/A	N/A	N/A	N/A	97.24	96.86	N/A	N/A	99.39	0.01
Ten Year Return	N/A	13.4	14.0	13.6	1.8	1.8	13.6	14.9	N/A	14.9
Day Typical Price	27.79	47.12	70.4	51.24	13.82	28.24	42.95	103.26	112.23	167.25
Accumulation Distribution	0.0214	0.0251	0.0098	0.0258	0.0014	0.0011	0.025	0.0083	0.0029	0.0078
Market Facilitation Index	0.6	1.2	0.69	1.34	0.02	0.03	1.09	0.86	0.33	1.31
Daily Balance Of Power	(0.03)	(1.13)	(0.46)	(1.27)	0.5	1.0	(1.31)	0.7907	(0.94)	0.7176
Period Momentum Indicator	(0.02)	(1.36)	(0.32)	(1.70)	0.01	0.03	(1.43)	0.68	(0.31)	0.94
Rate Of Daily Change	1.0	0.97	1.0	0.97	1.0	1.0	0.97	1.01	1.0	1.01
Day Median Price	27.69	47.23	70.36	51.35	13.82	28.25	43.05	103.12	112.25	167.06
Price Action Indicator	0.29	(1.01)	(0.04)	(1.19)	0.015	0.01	(1.00)	0.77	(0.19)	1.05
Relative Strength Index	62.96	47.78	53.03	50.15	52.77	51.96	50.01	47.53	45.27	47.13
Coefficient Of Variation	727.86	1260.0	7120.61	943.71	(1,913)	(1,985)	954.44	(4,007)	(1,050)	(3,607)
Mean Deviation	2.29	0.546	0.5154	0.6005	0.1772	0.1936	0.6011	0.5336	0.5285	0.532
Jensen Alpha	0.4975	0.0403	(0.01)	0.0659	(0.03)	(0.03)	0.0656	(0.04)	(0.08)	(0.04)
Total Risk Alpha	0.2979	0.0135	(0.03)	0.0368	(0.03)	(0.04)	0.0364	(0.06)	(0.11)	(0.06)
Sortino Ratio	0.0969	0.0157	(0.04)	0.0425	N/A	N/A	0.0403	N/A	N/A	N/A
Downside Variance	19.71	0.9425	0.6922	0.9322	N/A	N/A	1.04	N/A	N/A	N/A
Standard Deviation	3.46	0.7578	0.688	0.8117	0.2447	0.2585	0.821	0.701	0.6712	0.6917
Kurtosis	2.84	2.38	0.4457	3.32	2.58	2.85	3.23	(0.16)	0.9582	(0.18)
Potential Upside	5.5	1.08	0.9467	1.07	0.3605	0.3573	1.06	1.05	0.8106	1.02
Treynor Ratio	(0.50)	0.1777	(0.0008)	0.2626	(0.18)	(0.20)	0.2547	(0.08)	(0.34)	(0.08)
Maximum Drawdown	18.48	3.01	3.27	3.25	1.3	1.35	3.26	3.17	3.18	3.11
Variance	11.95	0.5742	0.4734	0.6588	0.0599	0.0668	0.6741	0.4913	0.4505	0.4785
Market Risk Adjusted Performance	(0.49)	0.1877	0.0092	0.2726	(0.17)	(0.19)	0.2647	(0.07)	(0.33)	(0.07)
Risk Adjusted Performance	0.1073	0.0579	0.0096	0.0777	(0.06)	(0.05)	0.077	(0.02)	(0.07)	(0.02)
Skewness	(0.89)	(1.15)	(0.43)	(1.29)	(1.21)	(1.10)	(1.28)	(0.02)	(0.82)	(0.02)
Semi Deviation	3.59	0.8438	0.8096	0.8812	N/A	N/A	0.8958	N/A	N/A	N/A
Information Ratio	0.1244	0.0201	(0.05)	0.0506	(0.24)	(0.22)	0.05	(0.09)	(0.16)	(0.09)
Value At Risk	(4.59)	(1.42)	(1.20)	(1.18)	(0.43)	(0.43)	(1.33)	(1.24)	(1.18)	(1.25)
Expected Short fall	(2.38)	(0.52)	(0.45)	(0.61)	N/A	N/A	(0.59)	N/A	N/A	N/A
Downside Deviation	4.44	0.9708	0.832	0.9655	N/A	N/A	1.02	N/A	N/A	N/A
Semi Variance	12.9	0.712	0.6555	0.7765	N/A	N/A	0.8024	N/A	N/A	N/A

SavvyLong Cdn Competition Performance Charts

Five steps to successful analysis of SavvyLong Cdn Competition

SavvyLong Cdn'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 SavvyLong Cdn Natural in relation to its competition. SavvyLong Cdn's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of SavvyLong Cdn 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 SavvyLong Cdn's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SavvyLong Cdn 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your SavvyLong Cdn position

In addition to having SavvyLong Cdn 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.

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Long Short Funds

Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 39 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 Long Short Funds Theme or any other thematic opportunities.

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