United States Competition

CPER Etf

USD 35.78 0.65 1.78%

United States Copper competes with IShares MSCI, Putnam ETF, Invesco DB, DB Gold, and First Trust; as well as few others. Analyzing United States 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 United States to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out United States Correlation with its peers.

United States vs SPDR SSGA Correlation

Very poor diversification

The correlation between United States Copper and SMLV is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United States Copper and SMLV in the same portfolio, assuming nothing else is changed.

Moving together with United Etf

0.86	GLD	SPDR Gold Shares	Pair Corr
0.86	IAU	iShares Gold Trust	Pair Corr
0.92	SLV	iShares Silver Trust	Pair Corr
0.86	GLDM	SPDR Gold Mini	Pair Corr
0.86	SGOL	abrdn Physical Gold	Pair Corr

Moving against United Etf

0.9	VXX	iPath Series B Low Volatility	Pair Corr
0.9	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.87	VIXM	ProShares VIX Mid Low Volatility	Pair Corr
0.87	VXZ	iPath Series B Low Volatility	Pair Corr
0.51	YCL	ProShares Ultra Yen	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United States' 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.

Hype

Prediction

Low	Estimated	High
34.43	36.38	38.33

Details

Intrinsic

Valuation

Low	Real	High
34.02	35.97	37.92

Details

Naive

Forecast

Low	Next	High
34.88	36.83	38.78

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
34.40	36.26	38.11

Details

United States Competition Correlation Matrix

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

	EWZS	PHYD	DBP	DGP	FNK	FJP	FUNL	AVXC	GHYG	SMLV
EWZS		0.38	0.61	0.68	0.39	0.58	0.41	0.68	0.41	0.39	EWZS
PHYD	0.38		0.87	0.82	0.97	0.89	0.97	0.85	0.98	0.93	PHYD
DBP	0.61	0.87		0.99	0.88	0.92	0.91	0.94	0.91	0.87	DBP
DGP	0.68	0.82	0.99		0.84	0.91	0.87	0.92	0.87	0.84	DGP
FNK	0.39	0.97	0.88	0.84		0.93	0.98	0.84	0.96	0.99	FNK
FJP	0.58	0.89	0.92	0.91	0.93		0.94	0.92	0.89	0.92	FJP
FUNL	0.41	0.97	0.91	0.87	0.98	0.94		0.88	0.97	0.96	FUNL
AVXC	0.68	0.85	0.94	0.92	0.84	0.92	0.88		0.85	0.81	AVXC
GHYG	0.41	0.98	0.91	0.87	0.96	0.89	0.97	0.85		0.93	GHYG
SMLV	0.39	0.93	0.87	0.84	0.99	0.92	0.96	0.81	0.93		SMLV
	EWZS	PHYD	DBP	DGP	FNK	FJP	FUNL	AVXC	GHYG	SMLV

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United States Constituents Risk-Adjusted Indicators

There is a big difference between United Etf performing well and United States 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 United States' 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
EWZS	1.32	0.14	0.06	0.18	1.99	(1.36)	2.88	(2.71)	11.14
PHYD	0.11	0.00	(0.17)	0.06	0.08	(0.12)	0.27	(0.23)	0.68
DBP	1.55	0.40	0.11	0.57	2.85	(1.59)	3.10	(1.92)	8.93
DGP	2.14	0.55	0.13	0.57	3.52	(2.25)	5.74	(3.34)	14.59
FNK	0.72	0.06	0.09	0.10	0.64	(0.92)	2.17	(1.20)	4.13
FJP	0.68	0.11	0.11	0.20	0.77	(0.73)	1.85	(1.37)	4.38
FUNL	0.60	0.05	0.06	0.09	0.62	(0.68)	1.20	(1.32)	3.89
AVXC	0.66	0.15	0.15	0.28	0.62	(0.71)	1.40	(1.22)	3.08
GHYG	0.17	0.01	(0.07)	0.13	0.09	(0.18)	0.39	(0.33)	1.26
SMLV	0.67	0.08	0.10	0.12	0.59	(0.80)	2.08	(1.18)	4.56

United States Competitive Analysis

The better you understand United States competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, United States' 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 United States' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	CPER	EWZS	PHYD	DBP	DGP	FNK	FJP	FUNL	AVXC	GHYG
	1.78 35.78 United	0.61 14.92 IShares	0.00 52.40 Putnam	14.71 115.95 Invesco	0.00 200.24 DGP	0.53 58.77 First	0.00 71.11 First	0.00 48.40 CornerCap	0.00 69.33 Avantis	0.13 46.50 IShares
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Fair	Solid	Good	Good	Good	Good	Good	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Small	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Over Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Fairly 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)	Buy	Buy	Hold	Strong Buy	Buy	Buy	Strong Buy	Buy	Strong Buy	Hold
Price To Sales	N/A	0.44	N/A	N/A	N/A	0.79	0.55	N/A	N/A	N/A
Equity Positions Weight	N/A	99.43	N/A	N/A	N/A	99.51	99.91	98.94	N/A	N/A
Three Year Return	12.2	9.6	8.2	41.1	72.2	9.3	20.7	14.0	N/A	9.1
Net Asset	137.66 M	77.82 M	N/A	77.44 M	88.7 M	196.3 M	28.25 M	120.47 M	N/A	97.51 M
Price To Book	N/A	0.94	N/A	N/A	N/A	1.43	1.24	N/A	N/A	N/A
Five Year Return	10.3	2.6	N/A	22.5	38.0	10.8	8.8	13.3	N/A	3.7
One Year Return	34.6	52.7	8.5	103.0	188.6	7.1	40.5	14.0	42.0	10.8
Last Dividend Paid	N/A	0.078	N/A	0.53	N/A	0.14	0.34	N/A	N/A	0.18
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	33.45
Ten Year Return	10.5	13.5	N/A	15.8	26.9	11.1	7.3	N/A	N/A	5.8
Price To Earning	2.64	13.3	N/A	4.98	N/A	13.87	14.86	N/A	N/A	N/A
Beta	1.35	1.68	N/A	0.7	0.99	1.22	0.66	0.92	N/A	0.78
Day Typical Price	36.15	14.92	52.37	117.55	203.88	58.5	71.48	48.4	69.6	46.51
Accumulation Distribution	0.051	0.0323	0.0015	0.11	0.13	0.0136	0.0154	N/A	0.0134	0.0019
Market Facilitation Index	1.9	0.49	0.08	14.41	28.59	0.8	1.11	N/A	0.94	0.09
Daily Balance Of Power	(0.34)	0.1837	N/A	(1.39)	N/A	0.3875	N/A	0.0	N/A	(0.67)
Period Momentum Indicator	(0.65)	0.09	N/A	(20.00)	N/A	0.31	N/A	N/A	N/A	(0.06)
Rate Of Daily Change	0.98	1.01	1.0	0.85	1.0	1.01	1.0	1.0	1.0	1.0
Day Median Price	36.33	14.93	52.36	118.36	205.7	58.37	71.66	48.4	69.73	46.52
Price Action Indicator	(0.87)	0.04	0.04	(12.40)	(5.45)	0.56	(0.55)	N/A	(0.40)	(0.04)
Relative Strength Index	53.75	61.35	65.36	55.26	57.88	61.18	59.04	59.96	66.42	63.58
Coefficient Of Variation	878.49	1039.18	910.74	586.05	567.66	874.65	645.38	890.35	476.07	739.05
Mean Deviation	1.35	1.32	0.1106	1.55	2.14	0.7158	0.6844	0.6009	0.6584	0.1692
Jensen Alpha	0.173	0.1372	0.0028	0.399	0.5528	0.0646	0.1084	0.0468	0.1459	0.0146
Total Risk Alpha	0.1165	0.0798	(0.0003)	0.3018	0.4248	0.0527	0.0875	0.0383	0.1262	0.0094
Sortino Ratio	0.0874	0.0616	(0.17)	0.1106	0.1303	0.0858	0.1062	0.0563	0.1491	(0.07)
Downside Variance	4.0	4.83	0.0265	12.44	18.1	0.5489	0.8289	0.502	0.7829	0.0482
Standard Deviation	1.93	1.87	0.1574	2.55	3.4	0.9492	0.9141	0.7554	0.842	0.2232
Kurtosis	1.97	4.82	1.44	18.88	11.36	0.8194	0.2827	0.2335	0.0592	0.6962
Potential Upside	3.13	2.88	0.2727	3.1	5.74	2.17	1.85	1.2	1.4	0.3935
Treynor Ratio	0.1997	0.1797	0.0566	0.5721	0.5659	0.1015	0.1979	0.0931	0.2788	0.1257
Maximum Drawdown	9.26	11.14	0.6803	8.93	14.59	4.13	4.38	3.89	3.08	1.26
Variance	3.73	3.51	0.0248	6.5	11.57	0.901	0.8356	0.5707	0.709	0.0498
Market Risk Adjusted Performance	0.2097	0.1897	0.0666	0.5821	0.5759	0.1115	0.2079	0.1031	0.2888	0.1357
Risk Adjusted Performance	0.0886	0.0757	0.0435	0.1306	0.1353	0.0851	0.1141	0.0817	0.1533	0.0754
Skewness	(0.10)	(1.11)	(0.12)	(3.38)	(2.19)	0.6365	(0.07)	0.0231	(0.25)	0.1387
Semi Deviation	1.63	1.99	0.0768	2.85	3.52	0.6387	0.7729	0.6199	0.619	0.0899
Information Ratio	0.0906	0.0723	(0.18)	0.153	0.1629	0.067	0.1058	0.0528	0.1567	(0.07)
Value At Risk	(2.40)	(2.71)	(0.23)	(1.92)	(3.34)	(1.20)	(1.37)	(1.32)	(1.22)	(0.33)
Expected Short fall	(1.36)	(1.36)	(0.12)	(1.59)	(2.25)	(0.92)	(0.73)	(0.68)	(0.71)	(0.18)
Downside Deviation	2.0	2.2	0.1629	3.53	4.25	0.7408	0.9104	0.7085	0.8848	0.2196
Semi Variance	2.66	3.98	0.0059	8.12	12.41	0.408	0.5974	0.3842	0.3832	0.0081

United States Competition Performance Charts

Five steps to successful analysis of United States Competition

United States' 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 United States Copper in relation to its competition. United States' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of United States 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 United States' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to United States Copper, 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 United States position

In addition to having United States 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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Restaurants

Entities that are involved in restaurant business, as well as coffee shop chains and other eateries. The Restaurants theme has 33 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 Restaurants Theme or any other thematic opportunities.

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When determining whether United States Copper is a strong investment it is important to analyze United States' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United States' future performance. For an informed investment choice regarding United Etf, refer to the following important reports:

How To Invest In United

Check out United States Correlation with its peers.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Investors evaluate United States Copper using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating United States' intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause United States' market price to deviate significantly from intrinsic value.

It's important to distinguish between United States' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding United States should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, United States' market price signifies the transaction level at which participants voluntarily complete trades.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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United States Competition

United States vs SPDR SSGA Correlation

Very poor diversification

Moving together with United Etf

Moving against United Etf

Specify up to 10 symbols:

United States Competition Correlation Matrix

United States Constituents Risk-Adjusted Indicators

United States Competitive Analysis

United States Competition Performance Charts

Five steps to successful analysis of United States Competition

Complement your United States position

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Restaurants

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