VanEck Ethereum Competition
| ETHV Etf | 29.62 0.78 2.57% |
VanEck Ethereum vs Grayscale Bitcoin Correlation
No risk reduction
The correlation between VanEck Ethereum ETF and BTC is 0.99 (i.e., No risk reduction) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Ethereum ETF and BTC in the same portfolio, assuming nothing else is changed.
Moving together with VanEck Etf
| 0.99 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.95 | BITO | ProShares Bitcoin | PairCorr |
| 0.72 | SPBC | Simplify Equity PLUS | PairCorr |
| 0.99 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.96 | BTF | CoinShares Bitcoin and | PairCorr |
Moving against VanEck Etf
VanEck Ethereum Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VanEck Ethereum 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 VanEck 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 VanEck Ethereum ETF does not affect the price movement of the other competitor.
High positive correlations
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VanEck Ethereum Competition Risk-Adjusted Indicators
There is a big difference between VanEck Etf performing well and VanEck Ethereum 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 VanEck Ethereum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.53 | 0.21 | 0.03 | (0.41) | 1.51 | 3.43 | 13.69 | |||
| MSFT | 1.31 | (0.30) | 0.00 | (0.57) | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.56 | (0.22) | 0.00 | (0.27) | 0.00 | 2.70 | 11.09 | |||
| F | 1.25 | 0.14 | 0.11 | 0.26 | 0.96 | 3.61 | 7.50 | |||
| T | 1.04 | 0.14 | 0.02 | (1.11) | 0.99 | 3.87 | 7.44 | |||
| A | 1.26 | (0.24) | 0.00 | (0.95) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.78 | (0.29) | 0.00 | (0.14) | 0.00 | 3.66 | 12.37 | |||
| JPM | 1.24 | (0.13) | (0.03) | 0.03 | 1.76 | 2.34 | 8.17 | |||
| MRK | 1.26 | 0.28 | 0.17 | 0.52 | 1.11 | 2.81 | 8.74 | |||
| XOM | 1.29 | 0.36 | 0.18 | 3.96 | 1.09 | 2.90 | 6.83 |
VanEck Ethereum Competitive Analysis
The better you understand VanEck Ethereum competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, VanEck Ethereum'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 VanEck Ethereum'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 |
| ETHV | GBTC | SPBC | BTC | |
| 2.57 29.62 VanEck | 2.52 52.58 Grayscale | 0.81 44.05 Simplify | 2.58 29.83 Grayscale | 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) | ||||
| Price To Sales | ||||
| Equity Positions Weight | ||||
| Three Year Return | ||||
| Net Asset | ||||
| Price To Book | ||||
| Five Year Return | ||||
| One Year Return | ||||
| Bond Positions Weight | ||||
| Ten Year Return | ||||
| Price To Earning | ||||
| Day Typical Price | ||||
| Accumulation Distribution | ||||
| Market Facilitation Index | ||||
| 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 | ||||
| Standard Deviation | ||||
| Kurtosis | ||||
| Potential Upside | ||||
| Treynor Ratio | ||||
| Maximum Drawdown | ||||
| Variance | ||||
| Market Risk Adjusted Performance | ||||
| Risk Adjusted Performance | ||||
| Skewness | ||||
| Information Ratio | ||||
| Value At Risk |
VanEck Ethereum Competition Performance Charts
Five steps to successful analysis of VanEck Ethereum Competition
VanEck Ethereum'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 VanEck Ethereum ETF in relation to its competition. VanEck Ethereum's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of VanEck Ethereum 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 VanEck Ethereum's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to VanEck Ethereum ETF, 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 VanEck Ethereum position
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Check out VanEck Ethereum Correlation with its peers. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of VanEck Ethereum ETF is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Ethereum's value that differs from its market value or its book value, called intrinsic value, which is VanEck Ethereum'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 VanEck Ethereum's market value can be influenced by many factors that don't directly affect VanEck Ethereum'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 VanEck Ethereum's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding VanEck Ethereum should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, VanEck Ethereum's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.