Elkhorn Competition

Delisted . USA . 
Etf . Elkhorn
DWACDelisted Etf  USD 17.63  1.37  7.21%   
Analyzing Elkhorn 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 Elkhorn to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Elkhorn competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
17.6317.6317.63
Details
Intrinsic
Valuation
LowRealHigh
16.0216.0219.39
Details
Naive
Forecast
LowNextHigh
19.2119.2119.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.2813.4816.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elkhorn. Your research has to be compared to or analyzed against Elkhorn's peers to derive any actionable benefits. When done correctly, Elkhorn'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 Elkhorn.

Elkhorn Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elkhorn and its competitors represents the degree of relationship between the price movements of corresponding delisted etfs. A correlation of about +1.0 implies that the price of Elkhorn 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 Elkhorn does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
JPM
+ 0.81
CRM
XOM
+ 0.73
META
CRM
+ 0.71
META
CRM
+ 0.71
T
XOM
+ 0.68
CRM
MRK
+ 0.63
A
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.82
JPM
MRK
- 0.75
T
JPM
- 0.65
A
MRK
- 0.57
META
XOM
- 0.56
MRK

Elkhorn Competition Risk-Adjusted Indicators

There is a big difference between Elkhorn Etf performing well and Elkhorn 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 Elkhorn'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
META  1.05  0.01 (0.01) 0.12  1.40 
(1.14)
 2.62 
(3.15)
 8.02 
MSFT  0.90 (0.11) 0.00 (0.05) 0.00 
 0.00 
 2.09 
(2.02)
 8.19 
UBER  1.56 (0.16) 0.00 (0.06) 0.00 
 0.00 
 2.53 
(2.44)
 20.10 
F  1.39 (0.12)(0.03) 0.02  2.20 
(1.34)
 2.53 
(2.90)
 11.72 
T  0.92  0.26  0.15  57.17  0.86 
(1.04)
 2.56 
(1.72)
 6.47 
A  1.12 (0.13) 0.00 (0.16) 0.00 
 0.00 
 2.29 
(2.42)
 9.02 
CRM  1.28  0.27  0.23  0.33  0.92 
(1.51)
 3.18 
(1.91)
 9.09 
JPM  1.11  0.03  0.07  0.12  1.44 
(1.15)
 2.05 
(2.00)
 15.87 
MRK  0.85 (0.24) 0.00 (1.03) 0.00 
 0.00 
 1.73 
(2.13)
 4.89 
XOM  1.04  0.06  0.01  0.20  1.20 
(1.10)
 2.14 
(2.09)
 5.78 
All Fundamental Data

Elkhorn Competitive Analysis

The better you understand Elkhorn competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elkhorn'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 Elkhorn'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
DWAC JWAC GGAA FATP MEOAU CREC MEOA ROCG ROC AAC
 7.21 
 17.63 
Elkhorn
 0.00 
 5.65 
Jupiter
 0.00 
 21.57 
Genesis
 0.18 
 10.89 
Fat
 0.00 
 31.34 
Minority
 0.00 
 10.90 
Crescera
 0.00 
 26.54 
Minority
 5.66 
 10.00 
Roth
 27.08 
 5.09 
ROC
 0.09 
 10.56 
Ares
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Dangerous
Dangerous
Dangerous
Dangerous
Dangerous
Dangerous
Dangerous
Dangerous
Dangerous
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over 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)
Not Rated
Not Rated
Not Rated
Not Rated
Not Rated
Not Rated
Not Rated
Not Rated
Not Rated
Not Rated
Current Ratio
0.04
N/A
3.69
7.11
0.73
4.28
0.73
5.22
5.45
0.17
Net Asset
300.5 M
141.03 M
264.37 M
116.95 M
10.94 M
209.14 M
10.94 M
25.05 M
213.86 M
1.01 B
EBITDA
(18.5 M)
(970.27 K)
(3.3 M)
(2.49 M)
(8.64 M)
(16.99 M)
(8.64 M)
(1.43 M)
(1.28 M)
(35.67 M)
Price To Book
5.57
N/A
N/A
0.74
N/A
1.38
N/A
1.29
N/A
1.31
Current Valuation
1.38 B
136.89 M
324.8 M
38.72 M
135.66 M
295.54 M
115.12 M
151.83 M
272.23 M
770.18 M
Retained Earnings
(30.99 M)
(3.82 M)
(17.92 M)
(5.57 M)
(8.29 M)
(6.99 M)
(8.29 M)
(583.95 K)
(1.97 M)
(60.96 M)
Current Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3.66 B
86.52 M
One Year Return
4.48
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
6.33
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.49
0.01
Number Of Employees
467
3
2
3
2
2
2
7
13
25
Shares Outstanding
30.02 M
14.71 M
101.04 K
600.59 K
N/A
20.12 M
1.12 M
5.71 M
26.85 M
45.6 M
Cash Flow From Operations
(1.78 M)
(1.14 M)
(896.33 K)
(822.09 K)
(436.14 K)
(329.44 K)
(436.14 K)
(865.67 K)
(1.67 M)
(2.21 M)
Total Debt
3.5 M
N/A
2.53 M
90 K
1.76 M
149.01 K
1.76 M
200 K
32.5 K
1.5 M
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-0.67
N/A
2.83
Bond Positions Weight
62.78
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Z Score
N/A
1.1
32.14
N/A
-3.98
N/A
34.63
N/A
N/A
N/A
Return On Asset
-0.0278
-0.0016
-0.0079
-0.0134
-0.0177
-0.0023
-0.0177
-0.0164
-0.0038
-0.0122
Number Of Shares Shorted
3.17 M
574.54 K
1.8 K
4.09 K
8.88 K
18
87.37 K
596
28.6 K
322.52 K
Book Value Per Share
-1.6
-0.42
-0.28
-2.12
-2.02
-0.32
-2.02
-0.16
-0.22
-1.18
Current Liabilities
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
763.8 M
34.34 M
Total Asset
300.5 M
141.03 M
264.37 M
116.95 M
10.94 M
209.14 M
10.94 M
25.05 M
213.86 M
1.01 B
Short Ratio
N/A
1.36
0.17
1.62
10.87
N/A
1.6
0.1
0.21
2.13
Debt To Equity
3.47
N/A
N/A
N/A
1.41
N/A
1.41
9.25
1.3
6.13
Shares Owned By Institutions
5.35
97.31
96.34
100.0
0.011
90.65
82.02
91.51
73.72
100.0
Market Capitalization
1.86 B
102.58 M
136.42 M
37.94 M
N/A
290.34 M
113.58 M
57.15 M
136.67 M
761.82 M
Price To Earning
N/A
N/A
N/A
N/A
N/A
15.8
N/A
N/A
28.4
44.69
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-0.01
Net Income
(25.13 M)
(176.85 K)
337.87 K
(736.16 K)
5.94 M
15.51 M
5.94 M
(178.22 K)
1.02 M
20.98 M
Earnings Per Share
-0.68
0.06
0.08
-0.17
N/A
0.34
0.93
-0.13
0.04
-0.1
Shares Owned By Insiders
3.77
2.69
N/A
N/A
N/A
N/A
N/A
57.31
22.23
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
295
N/A
N/A
N/A
N/A
Working Capital
(22.3 M)
136.16 M
(18.01 M)
111.19 M
(2.82 M)
578.14 K
(2.82 M)
(688.24 K)
(2.26 M)
(9.58 M)
Cash And Equivalents
2.97 K
896.51 K
1.52 M
468.66 K
53.14 K
758.33 K
53.14 K
401.68 K
401.9 K
749.51 K
Cash Per Share
N/A
0.05
0.05
0.03
N/A
0.03
N/A
0.03
0.01
N/A
Day Typical Price
17.71
5.65
21.57
10.92
31.34
10.9
26.54
9.42
5.59
10.56
Accumulation Distribution
0.13
N/A
N/A
0.0118
N/A
N/A
N/A
0.28
0.33
0.0038
Market Facilitation Index
2.5
N/A
N/A
0.13
N/A
N/A
N/A
2.95
2.28
0.04
Daily Balance Of Power
(0.55)
0.0
0.0
0.1538
0.0
0.0
0.0
(0.20)
(0.83)
(0.25)
Period Momentum Indicator
(1.37)
N/A
N/A
0.02
N/A
N/A
N/A
(0.60)
(1.89)
(0.01)
Rate Of Daily Change
0.93
1.0
1.0
1.0
1.0
1.0
1.0
0.94
0.73
1.0
Day Median Price
17.75
5.65
21.57
10.93
31.34
10.9
26.54
9.13
5.84
10.56
Price Action Indicator
(0.81)
N/A
N/A
(0.04)
N/A
N/A
N/A
0.58
(1.70)
(0.01)
Coefficient Of Variation
1069.57
18550.31
728.9
(3,725)
820.35
2550.87
801.72
(1,627)
(623.29)
469.1
Mean Deviation
2.53
6.92
3.49
0.3397
5.77
1.23
4.18
0.36
2.75
0.0974
Jensen Alpha
0.7094
0.0061
1.34
(0.02)
2.78
0.1062
2.07
(0.05)
(0.73)
0.0177
Total Risk Alpha
(0.27)
(1.74)
0.061
(0.09)
(0.21)
(0.21)
(0.11)
(0.18)
(1.64)
0.0013
Sortino Ratio
0.2147
(0)
0.4236
N/A
N/A
(0.01)
N/A
N/A
N/A
(0.52)
Downside Variance
6.25
272.41
9.85
N/A
N/A
8.86
N/A
N/A
N/A
0.0238
Standard Deviation
6.91
13.8
10.49
0.518
23.82
2.2
17.26
0.9005
5.62
0.1364
Kurtosis
42.65
4.7
53.56
3.53
65.99
4.27
65.94
18.41
12.31
1.74
Potential Upside
3.49
29.88
7.08
0.8326
N/A
3.77
0.8086
0.4808
4.86
0.2879
Treynor Ratio
(0.86)
0.11
1.55
0.6177
2.6
(0.26)
2.86
0.5028
0.4877
1.37
Maximum Drawdown
23.5
94.9
81.26
2.71
193.45
14.89
140.18
8.48
22.92
0.6729
Variance
47.74
190.49
110.04
0.2683
567.21
4.86
297.75
0.8109
31.56
0.0186
Market Risk Adjusted Performance
(0.85)
0.12
1.56
0.6277
2.61
(0.25)
2.87
0.5128
0.4977
1.38
Risk Adjusted Performance
0.0802
0.0136
0.1139
(0.03)
0.1027
0.0364
0.1047
(0.05)
(0.11)
0.1167
Skewness
5.98
0.15
6.98
(0.19)
8.12
(0.05)
8.12
(2.13)
(2.76)
0.8369
Semi Deviation
2.0
13.27
1.91
N/A
N/A
1.97
N/A
N/A
N/A
0.0
Information Ratio
0.0777
(0)
0.1268
(0.24)
0.1173
(0.01)
0.1184
(0.18)
(0.18)
(0.59)
Value At Risk
(2.25)
(23.44)
(3.29)
(0.92)
N/A
(3.11)
(0.18)
(1.15)
(8.79)
(0.19)
Expected Short fall
(3.81)
(7.44)
(5.67)
N/A
N/A
(1.59)
N/A
N/A
N/A
(0.18)
Downside Deviation
2.5
16.5
3.14
N/A
N/A
2.98
N/A
N/A
N/A
0.1544
Semi Variance
4.01
176.19
3.66
N/A
N/A
3.88
N/A
N/A
N/A
(0.02)

Elkhorn Competition Performance Charts

Five steps to successful analysis of Elkhorn Competition

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

In addition to having Elkhorn 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 Broad Municipals ETFs Thematic Idea Now

Broad Municipals ETFs
Broad Municipals ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Municipals ETFs theme has 50 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 Broad Municipals ETFs Theme or any other thematic opportunities.
View All  Next Launch
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Consideration for investing in Elkhorn Etf

If you are still planning to invest in Elkhorn check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Elkhorn's history and understand the potential risks before investing.
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