ELY Competition
ELY competes with Staked Ether, Phala Network, EigenLayer, Morpho, and Tokocrypto; as well as few others. The company operates under Blockchain sector and is part of Cryptocurrency industry. Analyzing ELY 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 ELY 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 cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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 ELY competition on your existing holdings.
ELY |
ELY Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ELY and its competitors represents the degree of relationship between the price movements of corresponding cryptos. A correlation of about +1.0 implies that the price of ELY 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 ELY does not affect the price movement of the other competitor.
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ELY Crypto Coin performing well and ELY Cryptocurrency 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 ELY'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STETH | 3.19 | (0.35) | 0.00 | 0.29 | 0.00 | 6.28 | 22.58 | |||
| PHA | 10.22 | 1.29 | 0.11 | (0.21) | 8.83 | 20.69 | 135.36 | |||
| EIGEN | 6.40 | (0.73) | 0.00 | 0.44 | 0.00 | 13.95 | 47.43 | |||
| EOSDAC | 5.05 | (0.20) | 0.00 | 0.18 | 0.00 | 10.31 | 38.81 | |||
| BLZ | 6.03 | (1.60) | 0.00 | (1.26) | 0.00 | 12.50 | 41.96 | |||
| MORPHO | 6.02 | (0.22) | 0.00 | 0.11 | 0.00 | 14.81 | 49.22 | |||
| TKO | 6.32 | 0.22 | 0.03 | (0.16) | 7.08 | 15.91 | 38.01 | |||
| DIA | 4.77 | (0.63) | 0.00 | 0.37 | 0.00 | 9.30 | 29.93 |
ELY Competitive Analysis
The better you understand ELY competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ELY'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 ELY'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 |
| STETH | PHA | EIGEN | EOSDAC | BLZ | MORPHO | TKO | DIA | |
| 0.01 2,491 Staked | 17.65 0.14 Phala | 0.61 1.63 EigenLayer | 14.43 0.0002 EOSDAC | 0.57 0.04 BLZ | 12.44 1.97 Morpho | 34.62 0.35 Tokocrypto | 14.55 0.47 DIA | Market Volatility (90 Days Market Risk) |
| Market Performance (90 Days Performance) | ||||||||
| Odds of Financial Distress (Probability Of Bankruptcy) | ||||||||
| Current Valuation (Equity Enterprise Value) | ||||||||
| Buy or Sell Advice (Average Analysts Consensus) | ||||||||
Trade Advice (90 Days Macroaxis Advice) | ||||||||
| Day Typical Price | ||||||||
| Accumulation Distribution | ||||||||
| Daily Balance Of Power | ||||||||
| Period Momentum Indicator | ||||||||
| Rate Of Daily Change | ||||||||
| Day Median Price | ||||||||
| Price Action Indicator | ||||||||
| Relative Strength Index | ||||||||
| Coefficient Of Variation | ||||||||
| Mean Deviation | ||||||||
| Jensen Alpha | ||||||||
| Total Risk Alpha | ||||||||
| Sortino Ratio | ||||||||
| Downside Variance | ||||||||
| Standard Deviation | ||||||||
| Kurtosis | ||||||||
| Potential Upside | ||||||||
| Treynor Ratio | ||||||||
| Maximum Drawdown | ||||||||
| Variance | ||||||||
| Market Risk Adjusted Performance | ||||||||
| Risk Adjusted Performance | ||||||||
| Skewness | ||||||||
| Semi Deviation | ||||||||
| Information Ratio | ||||||||
| Value At Risk | ||||||||
| Expected Short fall | ||||||||
| Downside Deviation | ||||||||
| Semi Variance |
ELY Competition Performance Charts
Five steps to successful analysis of ELY Competition
ELY'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 ELY in relation to its competition. ELY's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ELY 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 ELY's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ELY, 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 ELY position
In addition to having ELY 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 Sovereign ETFs Thematic Idea Now
Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sovereign ETFs theme has 17 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 Sovereign 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 cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Tools for ELY Crypto Coin
When running ELY's price analysis, check to measure ELY's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy ELY is operating at the current time. Most of ELY's value examination focuses on studying past and present price actions to predict the probability of ELY's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move ELY's coin price. Additionally, you may evaluate how adding ELY to your portfolios can decrease your overall portfolio volatility.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |