Defiance Gold Competition
| GLDY Etf | 16.76 0.01 0.06% |
Defiance Gold vs UST Inc Correlation
Excellent diversification
The correlation between Defiance Gold Enhanced and UST is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance Gold Enhanced and UST in the same portfolio, assuming nothing else is changed.
Moving together with Defiance Etf
Moving against Defiance Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defiance Gold'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.
Defiance Gold Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Defiance Gold 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 Defiance 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 Defiance Gold Enhanced does not affect the price movement of the other competitor.
High positive correlations
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Defiance Gold Competition Risk-Adjusted Indicators
There is a big difference between Defiance Etf performing well and Defiance Gold 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 Defiance Gold'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 | 1.48 | 0.08 | 0.02 | 0.24 | 1.42 | 3.43 | 13.69 | |||
| MSFT | 1.34 | (0.34) | 0.00 | (0.74) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.50 | (0.44) | 0.00 | (0.66) | 0.00 | 2.41 | 11.09 | |||
| F | 1.21 | 0.01 | 0.01 | 0.11 | 1.19 | 3.38 | 7.16 | |||
| T | 1.00 | 0.22 | 0.13 | 2.45 | 0.77 | 3.87 | 5.31 | |||
| A | 1.21 | (0.32) | 0.00 | (0.16) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.66 | (0.47) | 0.00 | (0.35) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.23 | (0.14) | (0.05) | 0.00 | 1.73 | 2.34 | 7.38 | |||
| MRK | 1.32 | 0.45 | 0.31 | 0.75 | 1.00 | 3.59 | 8.74 | |||
| XOM | 1.20 | 0.47 | 0.29 | 3.81 | 0.90 | 2.69 | 5.85 |
Defiance Gold Competitive Analysis
The better you understand Defiance Gold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Defiance Gold'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 Defiance Gold'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 |
Defiance Gold Competition Performance Charts
Five steps to successful analysis of Defiance Gold Competition
Defiance Gold'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 Defiance Gold Enhanced in relation to its competition. Defiance Gold's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Defiance Gold 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 Defiance Gold's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Defiance Gold Enhanced, 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 Defiance Gold position
In addition to having Defiance Gold 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 Currency Funds Thematic Idea Now
Currency Funds
Funds or Etfs investing in a single currency or combination of currencies from different countries in order to replicate respective foreign exchange markets. The Currency Funds 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 Currency Funds Theme or any other thematic opportunities.
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Check out Defiance Gold Correlation with its peers. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Understanding Defiance Gold Enhanced requires distinguishing between market price and book value, where the latter reflects Defiance's accounting equity. The concept of intrinsic value - what Defiance Gold's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Defiance Gold's price substantially above or below its fundamental value.
Please note, there is a significant difference between Defiance Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Defiance Gold's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.