KFA Value Competition
| KVLE Etf | USD 27.05 0.01 0.04% |
KFA Value vs First Trust Correlation
Very poor diversification
The correlation between KFA Value Line and FTXR is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KFA Value Line and FTXR in the same portfolio, assuming nothing else is changed.
Moving together with KFA Etf
| 0.94 | VTV | Vanguard Value Index | PairCorr |
| 0.96 | VYM | Vanguard High Dividend | PairCorr |
| 0.94 | IWD | iShares Russell 1000 | PairCorr |
| 0.92 | DGRO | iShares Core Dividend | PairCorr |
| 0.95 | IVE | iShares SP 500 | PairCorr |
Moving against KFA Etf
KFA Value Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between KFA Value 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 KFA 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 KFA Value Line does not affect the price movement of the other competitor.
KFA Value Constituents Risk-Adjusted Indicators
There is a big difference between KFA Etf performing well and KFA Value 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 KFA Value'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUDV | 0.52 | 0.11 | 0.13 | 0.24 | 0.28 | 1.16 | 3.37 | |||
| SAA | 1.71 | 0.17 | 0.16 | 0.16 | 1.55 | 5.11 | 9.67 | |||
| EFNL | 0.77 | 0.12 | 0.09 | 0.26 | 0.84 | 1.62 | 4.20 | |||
| QDIV | 0.60 | 0.18 | 0.15 | 1.68 | 0.33 | 1.89 | 3.26 | |||
| MDLV | 0.45 | 0.14 | 0.14 | 0.39 | 0.21 | 1.09 | 2.34 | |||
| EMSF | 0.99 | 0.05 | 0.03 | 0.14 | 1.38 | 2.06 | 8.11 | |||
| HFND | 0.50 | 0.02 | (0.05) | 0.13 | 0.48 | 1.28 | 2.98 | |||
| TCHI | 1.03 | (0.10) | 0.00 | (0.07) | 0.00 | 2.30 | 6.74 | |||
| ROSC | 0.70 | 0.17 | 0.14 | 1.08 | 0.44 | 2.16 | 4.69 | |||
| FTXR | 0.99 | 0.18 | 0.18 | 0.24 | 0.85 | 2.94 | 5.96 |
KFA Value Competitive Analysis
The better you understand KFA Value competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, KFA Value'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 KFA Value'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 |
KFA Value Competition Performance Charts
Five steps to successful analysis of KFA Value Competition
KFA Value'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 KFA Value Line in relation to its competition. KFA Value's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of KFA Value 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 KFA Value's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to KFA Value Line, 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 KFA Value position
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Check out KFA Value Correlation with its peers. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of KFA Value Line is measured differently than its book value, which is the value of KFA that is recorded on the company's balance sheet. Investors also form their own opinion of KFA Value's value that differs from its market value or its book value, called intrinsic value, which is KFA Value's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because KFA Value's market value can be influenced by many factors that don't directly affect KFA Value's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that KFA Value's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether KFA Value represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, KFA Value's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.