Formidable Fortress Competition
| KONG Etf | USD 30.95 0.03 0.1% |
Formidable Fortress vs SPDR SP Correlation
Poor diversification
The correlation between Formidable Fortress ETF and HAIL is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Formidable Fortress ETF and HAIL in the same portfolio, assuming nothing else is changed.
Moving together with Formidable Etf
| 0.96 | VO | Vanguard Mid Cap | PairCorr |
| 0.93 | VXF | Vanguard Extended Market | PairCorr |
| 0.95 | IJH | iShares Core SP | PairCorr |
| 0.92 | IWR | iShares Russell Mid | PairCorr |
| 0.95 | MDY | SPDR SP MIDCAP | PairCorr |
Moving against Formidable Etf
Formidable Fortress Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Formidable Fortress 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 Formidable 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 Formidable Fortress ETF does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Formidable Fortress Constituents Risk-Adjusted Indicators
There is a big difference between Formidable Etf performing well and Formidable Fortress 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 Formidable Fortress' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FORH | 0.73 | (0.08) | 0.00 | (0.05) | 0.00 | 1.39 | 4.37 | |||
| PSFM | 0.14 | 0.01 | (0.17) | 0.12 | 0.00 | 0.38 | 0.90 | |||
| RFFC | 0.58 | 0.05 | 0.06 | 0.11 | 0.66 | 1.11 | 3.37 | |||
| LALT | 0.54 | 0.09 | 0.07 | 0.42 | 0.68 | 1.16 | 3.86 | |||
| HDMV | 0.45 | 0.06 | 0.06 | 0.19 | 0.42 | 0.90 | 2.28 | |||
| RAYC | 0.69 | 0.11 | 0.05 | (0.54) | 0.88 | 1.81 | 7.60 | |||
| FLSA | 0.70 | (0.04) | 0.00 | (0.09) | 0.00 | 1.54 | 4.29 | |||
| PJFV | 0.58 | 0.05 | 0.06 | 0.11 | 0.64 | 1.17 | 3.56 | |||
| TIME | 0.63 | (0.04) | 0.00 | (0.03) | 0.00 | 1.06 | 5.18 | |||
| HAIL | 1.44 | (0.15) | 0.00 | (0.04) | 0.00 | 3.02 | 8.02 |
Formidable Fortress Competitive Analysis
The better you understand Formidable Fortress competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Formidable Fortress' 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 Formidable Fortress' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Formidable Fortress Competition Performance Charts
Five steps to successful analysis of Formidable Fortress Competition
Formidable Fortress' 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 Formidable Fortress ETF in relation to its competition. Formidable Fortress' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Formidable Fortress 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 Formidable Fortress' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Formidable Fortress 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.
Complement your Formidable Fortress position
In addition to having Formidable Fortress 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 Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 45 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 Stores Theme or any other thematic opportunities.
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Check out Formidable Fortress Correlation with its peers. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Understanding Formidable Fortress ETF requires distinguishing between market price and book value, where the latter reflects Formidable's accounting equity. The concept of intrinsic value—what Formidable Fortress' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push Formidable Fortress' price substantially above or below its fundamental value.
Understanding that Formidable Fortress' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Formidable Fortress represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Formidable Fortress' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.