Robo Global Competition
| HTEC Etf | USD 35.86 0.38 1.05% |
Robo Global vs First Trust Correlation
Very good diversification
The correlation between Robo Global Healthcare and FDNI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robo Global Healthcare and FDNI in the same portfolio, assuming nothing else is changed.
Moving together with Robo Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Robo Global'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.
Robo Global Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Robo Global 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 Robo 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 Robo Global Healthcare does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Robo Global Constituents Risk-Adjusted Indicators
There is a big difference between Robo Etf performing well and Robo Global 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 Robo Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HQGO | 0.67 | (0.07) | 0.00 | (0.05) | 0.00 | 1.26 | 4.24 | |||
| FMET | 0.86 | (0.26) | 0.00 | (0.25) | 0.00 | 1.32 | 4.97 | |||
| VMAX | 0.66 | 0.05 | 0.06 | 0.09 | 0.71 | 1.20 | 3.01 | |||
| NDIA | 0.59 | (0.02) | (0.05) | (0.02) | 0.80 | 0.99 | 4.33 | |||
| OCTT | 0.34 | (0.02) | (0.06) | 0.00 | 0.54 | 0.62 | 2.50 | |||
| BOAT | 0.74 | 0.22 | 0.21 | (2.31) | 0.65 | 1.63 | 3.84 | |||
| HEAL | 1.04 | (0.32) | 0.00 | (0.23) | 0.00 | 2.41 | 6.82 | |||
| DEMZ | 0.68 | (0.07) | 0.00 | (0.05) | 0.00 | 1.39 | 3.98 | |||
| ITDD | 0.39 | 0.04 | 0.01 | 0.51 | 0.49 | 0.73 | 2.16 | |||
| FDNI | 0.98 | (0.34) | 0.00 | (0.39) | 0.00 | 1.95 | 6.73 |
Robo Global Competitive Analysis
The better you understand Robo Global competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Robo Global'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 Robo Global'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 |
Robo Global Competition Performance Charts
Five steps to successful analysis of Robo Global Competition
Robo Global'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 Robo Global Healthcare in relation to its competition. Robo Global's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Robo Global 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 Robo Global's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Robo Global Healthcare, 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 Robo Global position
In addition to having Robo Global 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 Robo Global Correlation with its peers. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Investors evaluate Robo Global Healthcare using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Robo Global's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Robo Global's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Robo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Robo Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Robo Global's market price signifies the transaction level at which participants voluntarily complete trades.