SPDR Galaxy Competition
| DECO Etf | 48.71 1.27 2.54% |
SPDR Galaxy vs PEO AlphaQuest Correlation
Modest diversification
The correlation between SPDR Galaxy Digital and LQPE is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Galaxy Digital and LQPE in the same portfolio, assuming nothing else is changed.
Moving together with SPDR Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Galaxy'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.
SPDR Galaxy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SPDR Galaxy 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 SPDR 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 SPDR Galaxy Digital does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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SPDR Galaxy Constituents Risk-Adjusted Indicators
There is a big difference between SPDR Etf performing well and SPDR Galaxy 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 SPDR Galaxy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WFH | 0.99 | 0.10 | 0.02 | 1.95 | 1.27 | 1.83 | 6.54 | |||
| WTRE | 1.07 | 0.06 | (0.01) | 1.48 | 1.44 | 2.24 | 5.43 | |||
| XTOC | 0.42 | (0.01) | (0.06) | 0.05 | 0.56 | 0.93 | 2.97 | |||
| VNSE | 0.70 | (0.05) | (0.05) | 0.01 | 0.98 | 1.39 | 3.86 | |||
| RJMG | 0.72 | 0.07 | 0.00 | (1.59) | 0.84 | 1.53 | 4.16 | |||
| OCTZ | 0.47 | (0.03) | (0.08) | 0.02 | 0.66 | 0.92 | 2.98 | |||
| LCDS | 0.58 | (0.02) | (0.04) | 0.05 | 0.77 | 1.19 | 3.74 | |||
| RAUS | 0.56 | (0.02) | (0.04) | 0.04 | 0.78 | 1.26 | 3.74 | |||
| MAYZ | 0.52 | (0.03) | (0.09) | 0.01 | 0.72 | 1.06 | 3.41 | |||
| LQPE | 0.86 | (0.13) | 0.00 | (0.04) | 0.00 | 2.01 | 6.22 |
SPDR Galaxy Competitive Analysis
The better you understand SPDR Galaxy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SPDR Galaxy'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 SPDR Galaxy'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 |
SPDR Galaxy Competition Performance Charts
Five steps to successful analysis of SPDR Galaxy Competition
SPDR Galaxy'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 SPDR Galaxy Digital in relation to its competition. SPDR Galaxy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SPDR Galaxy 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 SPDR Galaxy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SPDR Galaxy Digital, 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 SPDR Galaxy Correlation with its peers. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Understanding SPDR Galaxy Digital requires distinguishing between market price and book value, where the latter reflects SPDR's accounting equity. The concept of intrinsic value - what SPDR Galaxy's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push SPDR Galaxy's price substantially above or below its fundamental value.
It's important to distinguish between SPDR Galaxy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding SPDR Galaxy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, SPDR Galaxy's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.