Franklin Bitcoin Competition

EZBC Etf

39.78 2.01 5.32%

Franklin Bitcoin ETF competes with Invesco Galaxy, First Trust, First Trust, First Trust, and YieldMax PLTR; as well as few others. Analyzing Franklin Bitcoin 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 Franklin Bitcoin to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Franklin Bitcoin Correlation with its peers.

Franklin Bitcoin vs BlackRock ETF Correlation

Excellent diversification

The correlation between Franklin Bitcoin ETF and BIDD is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Bitcoin ETF and BIDD in the same portfolio, assuming nothing else is changed.

Moving together with Franklin Etf

1.0	GBTC	Grayscale Bitcoin Trust	Pair Corr
1.0	BITO	ProShares Bitcoin	Pair Corr
1.0	BTC	Grayscale Bitcoin Mini	Pair Corr
0.99	BTF	CoinShares Bitcoin and	Pair Corr

Moving against Franklin Etf

0.74	AMPD	Tidal ETF Services	Pair Corr
0.71	REGL	ProShares SP MidCap	Pair Corr
0.66	SCDV	ETF Series Solutions	Pair Corr
0.66	BSMS	Invesco BulletShares 2028	Pair Corr
0.66	SPVM	Invesco SP 500	Pair Corr

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Hype

Prediction

Low	Estimated	High
36.72	40.27	43.82

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Intrinsic

Valuation

Low	Real	High
33.05	36.60	40.15

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Franklin Bitcoin. Your research has to be compared to or analyzed against Franklin Bitcoin's peers to derive any actionable benefits. When done correctly, Franklin Bitcoin'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 Franklin Bitcoin ETF.

Franklin Bitcoin Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Franklin Bitcoin 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 Franklin 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 Franklin Bitcoin ETF does not affect the price movement of the other competitor.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

Franklin Bitcoin Competition Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Bitcoin 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 Franklin Bitcoin'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	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

Franklin Bitcoin Competitive Analysis

The better you understand Franklin Bitcoin competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Franklin Bitcoin'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 Franklin Bitcoin'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

	EZBC	BTCO	FDT	FDD	LGOV	PLTY	OSCV	DBEU	AVRE	AOK
	5.32 39.78 Franklin	5.32 68.51 Invesco	0.81 93.46 First	0.49 18.45 First	0.45 22.29 First	1.69 37.40 YieldMax	1.17 41.42 Opus	0.14 50.16 Xtrackers	1.11 47.17 Avantis	0.24 40.99 IShares
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)	Weakest	Weakest	Strong	Solid	Fair	Weakest	Solid	Good	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Under Valued	Under Valued	Fairly Valued	Over Valued	Under Valued	Under Valued	Under Valued	Fairly 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)	Sell	Sell	Strong Buy	Strong Buy	Cautious Hold	Sell	Strong Buy	Strong Buy	Buy	Hold
Net Asset	N/A	N/A	350.93 M	161.05 M	18.87 M	N/A	183.71 M	458.78 M	166.64 M	906.16 M
Price To Book	N/A	N/A	1.18	1.27	N/A	N/A	N/A	1.67	N/A	1.9
Five Year Return	N/A	N/A	13.0	12.9	-1.3	N/A	7.4	12.8	N/A	3.6
One Year Return	-28.7	-28.7	68.0	55.6	10.9	-3.0	13.0	16.2	13.1	11.6
Last Dividend Paid	N/A	N/A	0.36	0.22	0.1	N/A	0.13	0.39	N/A	0.0444
Price To Earning	N/A	N/A	12.64	13.11	N/A	N/A	N/A	16.36	N/A	17.25
Beta	N/A	N/A	1.09	1.0	1.68	N/A	0.91	0.56	1.06	0.74
Price To Sales	N/A	N/A	0.74	0.81	N/A	N/A	N/A	1.09	N/A	1.31
Equity Positions Weight	N/A	N/A	98.81	99.08	N/A	N/A	95.81	94.1	98.85	27.22
Three Year Return	N/A	N/A	26.7	21.6	3.8	N/A	9.4	14.2	5.9	9.0
Annual Yield	N/A	N/A	N/A	N/A	N/A	0.8	N/A	N/A	N/A	N/A
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	19.24
Ten Year Return	N/A	N/A	11.6	10.6	N/A	N/A	N/A	11.9	N/A	5.5
Day Typical Price	39.53	68.08	93.06	18.39	22.28	37.12	41.25	50.13	47.02	40.99
Accumulation Distribution	0.0374	0.0373	0.0174	0.0125	0.0022	0.0473	0.0138	0.0078	0.0119	0.0037
Market Facilitation Index	1.5	2.58	1.63	0.23	0.05	1.79	0.57	0.39	0.56	0.15
Daily Balance Of Power	1.34	1.341085	0.4601	(0.39)	2.0	0.3464	0.8421	(0.18)	0.9286	0.6667
Period Momentum Indicator	2.01	3.46	0.75	(0.09)	0.1	0.62	0.48	(0.07)	0.52	0.1
Rate Of Daily Change	1.05	1.05	1.01	1.0	1.0	1.02	1.01	1.0	1.01	1.0
Day Median Price	39.41	67.86	92.86	18.35	22.28	36.97	41.17	50.12	46.95	40.99
Price Action Indicator	1.38	2.38	0.98	0.05	0.065	0.73	0.5	0.01	0.48	0.055
Coefficient Of Variation	(590.24)	(588.37)	316.41	469.79	947.42	(605.00)	445.61	677.81	572.22	808.32
Mean Deviation	2.52	2.51	0.7022	0.6857	0.2954	2.15	0.601	0.5467	0.4968	0.2318
Jensen Alpha	(0.70)	(0.70)	0.2512	0.14	0.0246	(0.56)	0.1249	0.0519	0.0778	0.012
Total Risk Alpha	(0.86)	(0.86)	0.2224	0.1149	0.0014	(0.70)	0.1084	0.0416	0.0546	0.0058
Sortino Ratio	N/A	N/A	0.2196	0.1239	(0.09)	N/A	0.1695	0.0448	0.0602	(0.08)
Downside Variance	N/A	N/A	1.13	0.969	0.1296	N/A	0.3995	0.5787	0.4958	0.152
Standard Deviation	3.5	3.49	0.9614	0.9015	0.3649	2.9	0.789	0.7049	0.6428	0.3189
Kurtosis	2.56	2.52	0.7569	0.1897	(0.04)	1.05	0.431	0.9574	0.0292	2.2
Potential Upside	5.32	5.32	1.91	1.71	0.6381	4.04	1.76	1.37	1.25	0.4745
Treynor Ratio	(0.39)	(0.39)	0.4127	0.2599	0.4347	(0.40)	0.2377	0.1338	0.2504	0.1012
Maximum Drawdown	19.75	19.65	4.51	4.29	1.33	16.6	3.35	3.78	2.69	1.77
Variance	12.27	12.2	0.9242	0.8128	0.1332	8.41	0.6225	0.4969	0.4132	0.1017
Market Risk Adjusted Performance	(0.38)	(0.38)	0.4227	0.2699	0.4447	(0.39)	0.2477	0.1438	0.2604	0.1112
Risk Adjusted Performance	(0.13)	(0.13)	0.2566	0.1728	0.0731	(0.13)	0.1809	0.1176	0.1385	0.0845
Skewness	(0.18)	(0.18)	(0.24)	(0.19)	(0.06)	(0.44)	0.573	(0.45)	(0.19)	(1.00)
Semi Deviation	N/A	N/A	0.5684	0.6649	0.2924	N/A	0.3339	0.6397	0.5368	0.2899
Information Ratio	(0.19)	(0.19)	0.2433	0.1353	(0.09)	(0.19)	0.1358	0.0483	0.0659	(0.1)
Value At Risk	(5.66)	(5.67)	(1.23)	(1.35)	(0.55)	(5.62)	(0.94)	(0.94)	(0.80)	(0.64)
Expected Short fall	N/A	N/A	(0.77)	(0.71)	(0.32)	N/A	(0.71)	(0.56)	(0.51)	(0.24)
Downside Deviation	N/A	N/A	1.06	0.9844	0.36	N/A	0.6321	0.7607	0.7041	0.3899
Semi Variance	N/A	N/A	0.3231	0.4421	0.0855	N/A	0.1115	0.4093	0.2882	0.084

Franklin Bitcoin Competition Performance Charts

Five steps to successful analysis of Franklin Bitcoin Competition

Franklin Bitcoin'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 Franklin Bitcoin ETF in relation to its competition. Franklin Bitcoin's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Franklin Bitcoin 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 Franklin Bitcoin's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Franklin Bitcoin 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.

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 Franklin Bitcoin position

In addition to having Franklin Bitcoin 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.

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Companies providing management services to businesses. The Management theme has 48 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 Management Theme or any other thematic opportunities.

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When determining whether Franklin Bitcoin ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Franklin Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Franklin Bitcoin Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Franklin Bitcoin Etf:

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Check out Franklin Bitcoin Correlation with its peers.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Franklin Bitcoin ETF's market price often diverges from its book value, the accounting figure shown on Franklin's balance sheet. Smart investors calculate Franklin Bitcoin's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Franklin Bitcoin's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.

It's important to distinguish between Franklin Bitcoin's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Franklin Bitcoin should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Franklin Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Franklin Bitcoin Competition

Franklin Bitcoin vs BlackRock ETF Correlation

Excellent diversification

Moving together with Franklin Etf

Moving against Franklin Etf

Specify up to 10 symbols:

Franklin Bitcoin Competition Correlation Matrix

High positive correlations

High negative correlations

Franklin Bitcoin Competition Risk-Adjusted Indicators

Franklin Bitcoin Competitive Analysis

Franklin Bitcoin Competition Performance Charts

Five steps to successful analysis of Franklin Bitcoin Competition

Complement your Franklin Bitcoin position

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