IPath Series Competition
| GRN Etf | USD 32.72 0.95 2.82% |
IPath Series vs YieldMax Correlation
Poor diversification
The correlation between iPath Series B and SDTY is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iPath Series B and SDTY in the same portfolio, assuming nothing else is changed.
Moving together with IPath Etf
| 0.63 | GLD | SPDR Gold Shares Aggressive Push | PairCorr |
| 0.63 | IAU | iShares Gold Trust | PairCorr |
| 0.73 | SLV | iShares Silver Trust Sell-off Trend | PairCorr |
| 0.63 | GLDM | SPDR Gold Mini | PairCorr |
| 0.63 | SGOL | abrdn Physical Gold | PairCorr |
Moving against IPath Etf
| 0.83 | VXX | iPath Series B Low Volatility | PairCorr |
| 0.83 | VIXY | ProShares VIX Short Low Volatility | PairCorr |
| 0.78 | VIXM | ProShares VIX Mid Low Volatility | PairCorr |
| 0.78 | VXZ | iPath Series B Low Volatility | PairCorr |
| 0.75 | YCL | ProShares Ultra Yen | PairCorr |
IPath Series Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between IPath Series 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 IPath 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 iPath Series B does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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IPath Series Competition Risk-Adjusted Indicators
There is a big difference between IPath Etf performing well and IPath Series 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 IPath Series' 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 | 1.60 | (0.03) | (0.01) | 0.02 | 2.40 | 3.43 | 13.02 | |||
| MSFT | 1.24 | (0.29) | 0.00 | (1.12) | 0.00 | 1.85 | 4.90 | |||
| UBER | 1.47 | (0.24) | 0.00 | (0.26) | 0.00 | 2.50 | 10.23 | |||
| F | 1.47 | 0.18 | 0.10 | 0.52 | 1.32 | 3.65 | 16.30 | |||
| T | 0.88 | (0.03) | 0.00 | (0.14) | 0.00 | 1.63 | 4.30 | |||
| A | 1.19 | (0.22) | 0.00 | (0.12) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.53 | (0.30) | 0.00 | (0.24) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.11 | 0.04 | (0.01) | (0.50) | 1.66 | 2.00 | 7.38 | |||
| MRK | 1.26 | 0.30 | 0.21 | 0.47 | 1.14 | 3.59 | 8.09 | |||
| XOM | 1.06 | 0.24 | 0.18 | 0.45 | 0.96 | 2.38 | 5.82 |
IPath Series Competitive Analysis
The better you understand IPath Series competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, IPath Series' 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 IPath Series' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
IPath Series Competition Performance Charts
Five steps to successful analysis of IPath Series Competition
IPath Series' 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 iPath Series B in relation to its competition. IPath Series' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of IPath Series 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 IPath Series' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to iPath Series B, 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 IPath Series position
In addition to having IPath Series 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 Corporate ETFs Thematic Idea Now
Corporate ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Corporate ETFs theme has 191 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 Corporate ETFs Theme or any other thematic opportunities.
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Check out IPath Series Correlation with its peers. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Understanding iPath Series B requires distinguishing between market price and book value, where the latter reflects IPath's accounting equity. The concept of intrinsic value—what IPath Series' is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push IPath Series' price substantially above or below its fundamental value.
Please note, there is a significant difference between IPath Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if IPath Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, IPath Series' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.