VegTech Competition
| EATV Etf | USD 15.46 0.00 0.00% |
VegTech vs Sitka Gold Correlation
Weak diversification
The correlation between VegTech and SITKF is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VegTech and SITKF in the same portfolio, assuming nothing else is changed.
Moving against VegTech Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VegTech'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.
VegTech Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VegTech 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 VegTech 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 VegTech does not affect the price movement of the other competitor.
High positive correlations
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VegTech Constituents Risk-Adjusted Indicators
There is a big difference between VegTech Etf performing well and VegTech 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 VegTech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RGI | 0.73 | 0.20 | 0.16 | (0.93) | 0.75 | 1.41 | 4.44 | |||
| RTM | 1,809 | 913.85 | 46.77 | 9.65 | 0.00 | 2.53 | 60,603 | |||
| JKH | 0.72 | 0.06 | 0.02 | (0.19) | 0.83 | 1.32 | 5.03 | |||
| MSTSX | 0.61 | 0.18 | 0.23 | 0.28 | 0.29 | 0.91 | 12.34 | |||
| LBHIX | 0.12 | 0.03 | 0.01 | 0.37 | 0.00 | 0.24 | 2.15 | |||
| VIASP | 0.30 | 0.03 | (0.01) | (21.68) | 0.32 | 0.64 | 1.72 | |||
| RRTLX | 0.26 | 0.05 | 0.08 | 0.20 | 0.09 | 0.47 | 3.36 | |||
| WQTM | 1.69 | 0.04 | 0.03 | 0.06 | 1.98 | 3.22 | 9.00 | |||
| OSHDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SITKF | 2.68 | 0.16 | 0.04 | 0.16 | 2.96 | 7.81 | 17.28 |
VegTech Competitive Analysis
The better you understand VegTech competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, VegTech'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 VegTech'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 |
VegTech Competition Performance Charts
Five steps to successful analysis of VegTech Competition
VegTech'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 VegTech in relation to its competition. VegTech's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of VegTech 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 VegTech's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to VegTech, 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 VegTech position
In addition to having VegTech 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?
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Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks 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 Macroaxis Picks Theme or any other thematic opportunities.
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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 population. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of VegTech is measured differently than its book value, which is the value of VegTech that is recorded on the company's balance sheet. Investors also form their own opinion of VegTech's value that differs from its market value or its book value, called intrinsic value, which is VegTech's true underlying value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. Because VegTech's market value can be influenced by many factors that don't directly affect VegTech'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 VegTech's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding VegTech should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, VegTech's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.