FlexShares ESG Competition
| FEIG Etf | USD 41.24 0.22 0.53% |
FlexShares ESG vs Simplify Volt Correlation
Very good diversification
The correlation between FlexShares ESG Climate and TESL is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares ESG Climate and TESL in the same portfolio, assuming nothing else is changed.
Moving together with FlexShares Etf
| 0.97 | LQD | iShares iBoxx Investment Sell-off Trend | PairCorr |
| 0.9 | IGIB | iShares 5 10 Sell-off Trend | PairCorr |
| 0.99 | USIG | iShares Broad USD Sell-off Trend | PairCorr |
| 0.77 | SPIB | SPDR Barclays Interm Sell-off Trend | PairCorr |
| 0.98 | SUSC | iShares ESG USD | PairCorr |
Moving against FlexShares Etf
FlexShares ESG Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between FlexShares ESG 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 FlexShares 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 FlexShares ESG Climate does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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FlexShares ESG Constituents Risk-Adjusted Indicators
There is a big difference between FlexShares Etf performing well and FlexShares ESG 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 FlexShares ESG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QSIG | 0.07 | 0.00 | (0.51) | 0.07 | 0.00 | 0.17 | 0.37 | |||
| TLCI | 0.54 | (0.02) | (0.04) | 0.02 | 0.65 | 0.94 | 3.18 | |||
| LKOR | 0.34 | (0.07) | 0.00 | (0.24) | 0.00 | 0.66 | 1.90 | |||
| XMAG | 0.54 | 0.00 | (0.01) | 0.04 | 0.60 | 1.03 | 2.79 | |||
| NXTE | 1.08 | 0.04 | 0.00 | 0.41 | 1.33 | 2.09 | 6.17 | |||
| REIT | 0.53 | (0.02) | (0.05) | (0.01) | 0.85 | 1.19 | 2.76 | |||
| PXI | 0.97 | 0.09 | 0.06 | 0.25 | 1.12 | 1.90 | 4.87 | |||
| OEFA | 0.65 | 0.00 | (0.04) | 0.09 | 0.86 | 1.09 | 3.48 | |||
| EDGU | 0.55 | 0.00 | (0.05) | 0.07 | 0.83 | 1.12 | 3.35 | |||
| TESL | 2.58 | (0.56) | 0.00 | (3.90) | 0.00 | 3.96 | 20.76 |
FlexShares ESG Competitive Analysis
The better you understand FlexShares ESG competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, FlexShares ESG'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 FlexShares ESG'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 |
FlexShares ESG Competition Performance Charts
Five steps to successful analysis of FlexShares ESG Competition
FlexShares ESG'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 FlexShares ESG Climate in relation to its competition. FlexShares ESG's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of FlexShares ESG 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 FlexShares ESG's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to FlexShares ESG Climate, 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 FlexShares ESG position
In addition to having FlexShares ESG 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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Check out FlexShares ESG Correlation with its peers. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
FlexShares ESG Climate's market price often diverges from its book value, the accounting figure shown on FlexShares's balance sheet. Smart investors calculate FlexShares ESG's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since FlexShares ESG's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between FlexShares ESG's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares ESG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares ESG'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.