USCF Daily Competition
| CPXR Etf | 27.92 1.30 4.88% |
USCF Daily vs Strategy Shares Correlation
Average diversification
The correlation between USCF Daily Target and ESLG is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF Daily Target and ESLG in the same portfolio, assuming nothing else is changed.
Moving together with USCF Etf
| 0.83 | AGQ | ProShares Ultra Silver | PairCorr |
| 0.84 | UGL | ProShares Ultra Gold | PairCorr |
| 0.84 | DGP | DB Gold Double | PairCorr |
| 0.84 | GDXU | MicroSectors Gold Miners | PairCorr |
Moving against USCF Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of USCF Daily'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.
USCF Daily Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between USCF Daily 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 USCF 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 USCF Daily Target does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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USCF Daily Competition Risk-Adjusted Indicators
There is a big difference between USCF Etf performing well and USCF Daily 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 USCF Daily'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 | 1.51 | 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 |
USCF Daily Competitive Analysis
The better you understand USCF Daily competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, USCF Daily'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 USCF Daily'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 |
USCF Daily Competition Performance Charts
Five steps to successful analysis of USCF Daily Competition
USCF Daily'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 USCF Daily Target in relation to its competition. USCF Daily's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of USCF Daily 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 USCF Daily's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to USCF Daily Target, 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 USCF Daily position
In addition to having USCF Daily 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?
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Healthcare Funds
Funds or Etfs investing in medical and healthcare goods or services as well as hospital management or maintenance organizations. The Healthcare 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 Healthcare Funds Theme or any other thematic opportunities.
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Check out USCF Daily Correlation with its peers.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of USCF Daily Target is measured differently than its book value, which is the value of USCF that is recorded on the company's balance sheet. Investors also form their own opinion of USCF Daily's value that differs from its market value or its book value, called intrinsic value, which is USCF Daily'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 USCF Daily's market value can be influenced by many factors that don't directly affect USCF Daily'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 USCF Daily's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding USCF Daily should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, USCF Daily's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.