Draco Evolution Competition

Etfs . USA . 
Etf . Draco Evolution AI
DRAI Etf   29.72  0.56  1.85%   
Draco Evolution AI competes with Grizzle Growth, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and Via Renewables; as well as few others. Analyzing Draco Evolution 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 Draco Evolution to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Draco Evolution Correlation with its peers.

Draco Evolution vs Jpmorgan Smartretirement* Correlation

Weak diversification

The correlation between Draco Evolution AI and JRBEX is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Draco Evolution AI and JRBEX in the same portfolio, assuming nothing else is changed.

Moving against Draco Etf

  0.52T ATT Inc Aggressive PushPairCorr
  0.45PG Procter GamblePairCorr
  0.4TRV The Travelers CompaniesPairCorr
  0.39VZ Verizon Communications Aggressive PushPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
28.9929.7230.45
Details
Intrinsic
Valuation
LowRealHigh
29.1729.9030.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Draco Evolution. Your research has to be compared to or analyzed against Draco Evolution's peers to derive any actionable benefits. When done correctly, Draco Evolution's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Draco Evolution AI.

Draco Evolution Competition Correlation Matrix

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

High positive correlations

RRTLX
+ 0.97
MSTSX
JRBEX
+ 0.95
GRZZ
JRBEX
+ 0.93
RRTLX
RRTLX
+ 0.92
VIASP
VIASP
+ 0.91
MSTSX
JRBEX
+ 0.91
MSTSX
  

High negative correlations

SCAXF
- 0.67
ABHYX
VIASP
- 0.65
SCAXF
SCAXF
- 0.65
GRZZ
JRBEX
- 0.58
SCAXF
RRTLX
- 0.54
SCAXF
SCAXF
- 0.54
MSTSX

Draco Evolution Constituents Risk-Adjusted Indicators

There is a big difference between Draco Etf performing well and Draco Evolution 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 Draco Evolution'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GRZZ  1.22  0.23  0.08 (2.12) 1.56 
(1.35)
 2.59 
(3.47)
 7.82 
MSTSX  0.64  0.22  0.23  1.59  0.17 
(0.79)
 1.45 
(1.01)
 12.28 
ABHYX  0.08  0.01 (0.25) 1.68  0.00 
(0.17)
 0.23 
(0.12)
 0.92 
LBHIX  0.14  0.04 (0.17) 0.47  0.00 
(0.24)
 0.24 
(0.23)
 2.15 
SCAXF  12.02  4.79  0.00 (39.91) 0.00 
 0.00 
 0.00 
 0.00 
 466.19 
VIASP  0.29  0.03 (0.09) 2.89  0.26 
(0.33)
 0.68 
(0.69)
 2.04 
RRTLX  0.28  0.05  0.02  0.22  0.00 
(0.36)
 0.58 
(0.49)
 3.30 
WQTM  1.73 (0.03) 0.00 (0.15) 0.00 
 0.00 
 3.48 
(3.52)
 8.51 
OSHDF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
JRBEX  0.32  0.06 (0.01) 1.88  0.25 
(0.36)
 0.70 
(0.63)
 1.89 

Draco Evolution Competitive Analysis

The better you understand Draco Evolution competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Draco Evolution'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 Draco Evolution'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
DRAI GRZZ MSTSX ABHYX LBHIX SCAXF VIASP RRTLX WQTM OSHDF
 1.85 
 29.72 
Draco
 2.19 
 50.48 
Grizzle
 0.09 
 11.41 
Morningstar
 0.23 
 8.80 
High-yield
 0.06 
 17.22 
Thrivent
 0.00 
 0 
Sparta
 0.27 
 25.60 
Via
 0.46 
 12.94 
RRTLX
 0.11 
 27.00 
WisdomTree
 0.00 
 0.04 
Oshidori
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Not too volatile
Very steady
Very steady
Out of control
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Good
Good
Good
Solid
Fair
Fair
Solid
Soft
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Average
Low
Fair
High
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Under Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over 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)
Strong Hold
Cautious Hold
Strong Buy
Strong Sell
Strong Sell
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
N/A
0.62
3.49
N/A
N/A
N/A
Net Asset
N/A
1.02 M
116.1 M
560.1 M
797.1 M
3.06 M
355.28 M
1.46 B
N/A
6.31 B
Profit Margin
N/A
N/A
N/A
N/A
N/A
-0.1
0.0094
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
(21.53 K)
33.09 M
N/A
N/A
(3.49 B)
Price To Book
N/A
N/A
N/A
N/A
1.58
34.42
N/A
2.13
N/A
0.005
Operating Margin
N/A
N/A
N/A
N/A
N/A
-0.15
-0.14
N/A
N/A
1.04
Current Valuation
N/A
N/A
N/A
N/A
N/A
5.73 M
535.95 M
N/A
N/A
103.84 M
Five Year Return
N/A
N/A
9.15
0.85
4.0
N/A
8.97
0.0406
N/A
N/A
One Year Return
31.1
45.0
16.88
2.77
7.95
N/A
N/A
0.067
N/A
N/A
Beta
N/A
N/A
N/A
N/A
N/A
1.75
1.16
N/A
N/A
0.67
Equity Positions Weight
N/A
98.12
61.63
N/A
0.07
N/A
N/A
38.52
N/A
N/A
Cash Position Weight
N/A
N/A
14.28
0.1
6.56
N/A
N/A
7.22
N/A
N/A
Number Of Employees
N/A
N/A
1
1
1
8
169
1
N/A
31
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
233.95 M
N/A
N/A
N/A
6.11 B
Three Year Return
N/A
33.3
13.02
3.76
8.04
N/A
N/A
0.0491
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
N/A
210.37 K
12.7 M
N/A
N/A
499.26 M
Annual Yield
0.0015
N/A
0.0218
0.0041
0.0619
N/A
0.0972
0.0283
N/A
N/A
Total Debt
N/A
N/A
N/A
N/A
N/A
125 K
135 M
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
0.017
N/A
N/A
-0.5
Bond Positions Weight
N/A
N/A
22.72
2.0
92.23
N/A
N/A
14.43
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
37.6
1.0
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
N/A
-0.21
-0.11
N/A
N/A
-0.46
Book Value Per Share
N/A
N/A
N/A
N/A
N/A
-0.002
3.66
N/A
N/A
0.89
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
N/A
Total Asset
N/A
1.02 M
215.11 M
220.42 M
491.38 M
3.06 M
355.28 M
1.03 B
N/A
6.31 B
Last Dividend Paid
N/A
N/A
N/A
0.03
0.02
N/A
0.73
0.14
N/A
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
101.0
0.69
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
0.7
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.84
Market Capitalization
N/A
N/A
50.36 M
N/A
N/A
7.72 M
N/A
N/A
N/A
233.49 M
Price To Earning
N/A
N/A
N/A
N/A
35.48
19.55
26.83
18.25
N/A
N/A
Price To Sales
N/A
N/A
N/A
N/A
1.23
0.63
N/A
1.57
N/A
N/A
Net Income
N/A
N/A
N/A
N/A
N/A
(609.44 K)
5.2 M
N/A
N/A
(3.15 B)
Earnings Per Share
N/A
N/A
N/A
N/A
N/A
-0.003
1.17
N/A
N/A
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
9.51
N/A
N/A
N/A
30.28
Year To Date Return
N/A
N/A
3.1
0.92
0.59
N/A
N/A
-0.0211
N/A
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
5.19 M
393.49 M
N/A
N/A
(3.1 B)
Ten Year Return
N/A
N/A
N/A
4.84
6.0
N/A
N/A
5.76
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
N/A
909.32 K
51.31 M
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
N/A
3.23
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
3.68 M
74.67 M
N/A
N/A
(4.09 B)
Day Typical Price
29.95
50.28
11.41
8.8
17.22
0.0013
25.63
12.94
27.0
0.036
Accumulation Distribution
142.52
0.0215
N/A
N/A
N/A
N/A
8.55
N/A
0.0256
N/A
Market Facilitation Index
1.0E-4
1.09
N/A
N/A
N/A
N/A
0.0
N/A
0.7
N/A
Daily Balance Of Power
(0.81)
0.9908
9.2 T
9.2 T
0
0.0
0.7
0
0.0429
0.0
Period Momentum Indicator
(0.56)
1.08
0.01
0.02
(0.01)
N/A
0.07
(0.06)
0.03
N/A
Rate Of Daily Change
0.98
1.02
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Day Median Price
30.07
50.18
11.41
8.8
17.22
0.0013
25.65
12.94
27.0
0.036
Price Action Indicator
(0.63)
0.84
0.005
0.01
(0.01)
N/A
(0.01)
(0.03)
0.015
N/A
Coefficient Of Variation
(7,181)
702.63
608.66
571.38
469.67
999.4
836.51
512.68
(17,584)
N/A
Mean Deviation
0.5352
1.22
0.6405
0.0816
0.1361
12.02
0.2851
0.2831
1.73
N/A
Jensen Alpha
(0.06)
0.2309
0.2204
0.0121
0.0406
4.79
0.0349
0.052
(0.03)
N/A
Total Risk Alpha
(0.08)
0.0806
0.1031
0.0014
0.0241
0.61
0.0024
0.0379
(0.22)
N/A
Sortino Ratio
N/A
0.0816
0.2338
(0.25)
(0.17)
N/A
(0.09)
0.015
N/A
N/A
Downside Variance
N/A
3.5
0.4682
0.0526
0.0188
N/A
0.1566
0.147
N/A
N/A
Standard Deviation
0.7248
1.64
1.47
0.1293
0.2713
47.88
0.383
0.4435
2.23
N/A
Kurtosis
1.07
0.6945
43.41
4.7
34.71
58.21
0.9789
13.1
0.2973
N/A
Potential Upside
1.07
2.59
1.45
0.2299
0.2418
N/A
0.683
0.5785
3.48
N/A
Treynor Ratio
(0.04)
(2.12)
1.59
1.68
0.4696
(39.91)
2.89
0.2207
(0.15)
N/A
Maximum Drawdown
3.35
7.82
12.28
0.9196
2.15
466.19
2.04
3.3
8.51
N/A
Variance
0.5253
2.69
2.15
0.0167
0.0736
2292.38
0.1467
0.1967
4.96
N/A
Market Risk Adjusted Performance
(0.03)
(2.11)
1.6
1.69
0.4796
(39.90)
2.9
0.2307
(0.14)
N/A
Risk Adjusted Performance
(0.01)
0.1206
0.1379
0.0893
0.153
0.0911
0.0859
0.1501
0.0017
N/A
Skewness
(0.90)
(0.39)
5.98
(0.12)
5.16
7.28
(0.17)
2.37
0.0169
N/A
Semi Deviation
N/A
1.56
0.1738
0.0
0.0
N/A
0.2633
0.0
N/A
N/A
Information Ratio
(0.13)
0.0931
0.1092
(0.45)
(0.08)
0.0984
(0.09)
0.013
(0.04)
N/A
Value At Risk
(1.45)
(3.47)
(1.01)
(0.12)
(0.23)
N/A
(0.69)
(0.49)
(3.52)
N/A
Expected Short fall
N/A
(1.35)
(0.79)
(0.17)
(0.24)
N/A
(0.33)
(0.36)
N/A
N/A
Downside Deviation
N/A
1.87
0.6843
0.2293
0.137
N/A
0.3957
0.3834
N/A
N/A
Semi Variance
N/A
2.44
0.0302
(0.01)
(0.05)
N/A
0.0694
(0.01)
N/A
N/A

Draco Evolution Competition Performance Charts

Five steps to successful analysis of Draco Evolution Competition

Draco Evolution'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 Draco Evolution AI in relation to its competition. Draco Evolution's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Draco Evolution 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 Draco Evolution's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Draco Evolution AI, 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 Draco Evolution position

In addition to having Draco Evolution 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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Gambling
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Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. The Gambling theme has 38 constituents at this time.
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When determining whether Draco Evolution AI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Draco Evolution's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Draco Evolution Ai Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Draco Evolution Ai Etf:
How To Invest In Draco
Details
ETF Directory
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Largest Absolute Returns ETFs Companies
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Largest Asset Allocation ETFs Companies
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Check out Draco Evolution Correlation with its peers.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Draco Evolution AI is measured differently than its book value, which is the value of Draco that is recorded on the company's balance sheet. Investors also form their own opinion of Draco Evolution's value that differs from its market value or its book value, called intrinsic value, which is Draco Evolution'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 Draco Evolution's market value can be influenced by many factors that don't directly affect Draco Evolution's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between Draco Evolution's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Draco Evolution should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Draco Evolution's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
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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