AdvisorShares Restaurant Competition
| EATZ Etf | USD 27.39 0.11 0.40% |
AdvisorShares Restaurant vs Litman Gregory Correlation
Very weak diversification
The correlation between AdvisorShares Restaurant ETF and PCEM is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AdvisorShares Restaurant ETF and PCEM in the same portfolio, assuming nothing else is changed.
Moving together with AdvisorShares Etf
| 0.82 | XLY | Consumer Discretionary | PairCorr |
| 0.85 | VCR | Vanguard Consumer | PairCorr |
| 0.77 | ITB | iShares Home Construction Low Volatility | PairCorr |
| 0.8 | FDIS | Fidelity MSCI Consumer | PairCorr |
| 0.69 | XHB | SPDR SP Homebuilders | PairCorr |
Moving against AdvisorShares Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AdvisorShares Restaurant'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.
AdvisorShares Restaurant Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between AdvisorShares Restaurant 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 AdvisorShares 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 AdvisorShares Restaurant does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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AdvisorShares Restaurant Constituents Risk-Adjusted Indicators
There is a big difference between AdvisorShares Etf performing well and AdvisorShares Restaurant 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 AdvisorShares Restaurant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEDZ | 0.95 | 0.08 | 0.04 | 1.07 | 1.04 | 2.54 | 5.98 | |||
| KPRO | 0.37 | (0.11) | 0.00 | (0.52) | 0.00 | 0.78 | 7.61 | |||
| THNR | 0.79 | 0.18 | 0.16 | 0.34 | 0.74 | 1.57 | 5.14 | |||
| ION | 1.82 | 0.56 | 0.20 | 0.86 | 2.17 | 4.20 | 14.01 | |||
| CDIG | 1.03 | 0.00 | 0.00 | 0.04 | 1.51 | 1.87 | 5.99 | |||
| MCHS | 0.80 | 0.18 | 0.16 | 0.91 | 0.64 | 1.72 | 3.76 | |||
| CRED | 0.62 | (0.02) | 0.00 | (1.83) | 0.00 | 1.21 | 3.26 | |||
| HVAC | 1.34 | 0.06 | 0.04 | 0.09 | 1.82 | 2.36 | 7.30 | |||
| GEND | 0.55 | 0.14 | 0.18 | 0.26 | 0.46 | 1.32 | 3.40 | |||
| PCEM | 0.80 | 0.16 | 0.13 | 0.25 | 0.86 | 2.09 | 3.98 |
AdvisorShares Restaurant Competitive Analysis
The better you understand AdvisorShares Restaurant competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, AdvisorShares Restaurant'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 AdvisorShares Restaurant'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 |
AdvisorShares Restaurant Competition Performance Charts
Five steps to successful analysis of AdvisorShares Restaurant Competition
AdvisorShares Restaurant'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 AdvisorShares Restaurant in relation to its competition. AdvisorShares Restaurant's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of AdvisorShares Restaurant 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 AdvisorShares Restaurant's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to AdvisorShares Restaurant, 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 AdvisorShares Restaurant Correlation with its peers. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of AdvisorShares Restaurant is measured differently than its book value, which is the value of AdvisorShares that is recorded on the company's balance sheet. Investors also form their own opinion of AdvisorShares Restaurant's value that differs from its market value or its book value, called intrinsic value, which is AdvisorShares Restaurant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AdvisorShares Restaurant's market value can be influenced by many factors that don't directly affect AdvisorShares Restaurant'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 AdvisorShares Restaurant's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding AdvisorShares Restaurant should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, AdvisorShares Restaurant's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.