YieldMax CVNA Competition
| CVNY Etf | 35.44 1.22 3.57% |
YieldMax CVNA vs Invesco SP Correlation
Average diversification
The correlation between YieldMax CVNA Option and PHDG is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax CVNA Option and PHDG in the same portfolio, assuming nothing else is changed.
Moving together with YieldMax Etf
YieldMax CVNA Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between YieldMax CVNA 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 YieldMax 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 YieldMax CVNA Option does not affect the price movement of the other competitor.
High positive correlations
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YieldMax CVNA Competition Risk-Adjusted Indicators
There is a big difference between YieldMax Etf performing well and YieldMax CVNA 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 YieldMax CVNA'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 | 1.60 | (0.03) | (0.01) | 0.02 | 2.40 | 3.43 | 13.02 | |||
| MSFT | 1.24 | (0.29) | 0.00 | (1.12) | 0.00 | 1.85 | 4.90 | |||
| UBER | 1.47 | (0.24) | 0.00 | (0.26) | 0.00 | 2.50 | 10.23 | |||
| F | 1.47 | 0.18 | 0.10 | 0.52 | 1.32 | 3.65 | 16.30 | |||
| T | 0.88 | (0.03) | 0.00 | (0.14) | 0.00 | 1.63 | 4.30 | |||
| A | 1.19 | (0.22) | 0.00 | (0.12) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.53 | (0.30) | 0.00 | (0.24) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.11 | 0.04 | (0.01) | (0.50) | 1.66 | 2.00 | 7.38 | |||
| MRK | 1.26 | 0.30 | 0.21 | 0.47 | 1.14 | 3.59 | 8.09 | |||
| XOM | 1.06 | 0.24 | 0.18 | 0.45 | 0.96 | 2.38 | 5.82 |
YieldMax CVNA Competitive Analysis
The better you understand YieldMax CVNA competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, YieldMax CVNA'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 YieldMax CVNA'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 |
YieldMax CVNA Competition Performance Charts
Five steps to successful analysis of YieldMax CVNA Competition
YieldMax CVNA'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 YieldMax CVNA Option in relation to its competition. YieldMax CVNA's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of YieldMax CVNA 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 YieldMax CVNA's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to YieldMax CVNA Option, 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 YieldMax CVNA position
In addition to having YieldMax CVNA 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?
Run Absolute Returns ETFs Thematic Idea Now
Absolute Returns ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Absolute Returns ETFs theme has 41 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 Absolute Returns ETFs Theme or any other thematic opportunities.
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Check out YieldMax CVNA Correlation with its peers.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Understanding YieldMax CVNA Option requires distinguishing between market price and book value, where the latter reflects YieldMax's accounting equity. The concept of intrinsic value—what YieldMax CVNA's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push YieldMax CVNA's price substantially above or below its fundamental value.
It's important to distinguish between YieldMax CVNA's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding YieldMax CVNA should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, YieldMax CVNA's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.