SHP ETF Competition
| CSHI Etf | USD 49.58 0.01 0.02% |
SHP ETF vs IShares Core Correlation
Almost no diversification
The correlation between SHP ETF Trust and AOK is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SHP ETF Trust and AOK in the same portfolio, assuming nothing else is changed.
Moving together with SHP Etf
| 0.99 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.99 | SHV | iShares Short Treasury | PairCorr |
| 0.99 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.99 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.99 | ICSH | iShares Ultra Short | PairCorr |
Moving against SHP Etf
SHP ETF Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SHP ETF 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 SHP 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 SHP ETF Trust does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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SHP ETF Competition Risk-Adjusted Indicators
There is a big difference between SHP Etf performing well and SHP ETF 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 SHP ETF'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 | 1.52 | 0.04 | 0.01 | 0.13 | 1.51 | 3.43 | 13.69 | |||
| MSFT | 1.34 | (0.34) | 0.00 | (0.77) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.51 | (0.41) | 0.00 | (0.71) | 0.00 | 2.41 | 11.09 | |||
| F | 1.19 | 0.03 | 0.01 | 0.11 | 1.20 | 3.38 | 7.16 | |||
| T | 1.00 | 0.23 | 0.16 | (9.07) | 0.77 | 3.87 | 5.31 | |||
| A | 1.25 | (0.33) | 0.00 | (0.18) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.66 | (0.44) | 0.00 | (0.38) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.27 | (0.15) | 0.00 | (0.03) | 0.00 | 2.34 | 7.38 | |||
| MRK | 1.33 | 0.46 | 0.33 | 0.76 | 0.98 | 3.59 | 8.74 | |||
| XOM | 1.24 | 0.38 | 0.22 | 1.59 | 1.14 | 2.68 | 5.85 |
SHP ETF Competitive Analysis
The better you understand SHP ETF competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SHP ETF'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 SHP ETF'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 |
SHP ETF Competition Performance Charts
Five steps to successful analysis of SHP ETF Competition
SHP ETF'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 SHP ETF Trust in relation to its competition. SHP ETF's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SHP ETF 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 SHP ETF's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SHP ETF Trust, 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 SHP ETF Correlation with its peers. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of SHP ETF Trust is measured differently than its book value, which is the value of SHP that is recorded on the company's balance sheet. Investors also form their own opinion of SHP ETF's value that differs from its market value or its book value, called intrinsic value, which is SHP ETF's true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because SHP ETF's market value can be influenced by many factors that don't directly affect SHP ETF'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 SHP ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding SHP ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, SHP ETF's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.