TrueShares Technology Competition
| LRNZ Etf | USD 42.22 0.60 1.40% |
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TrueShares Technology Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between TrueShares Technology 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 TrueShares 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 TrueShares Technology does not affect the price movement of the other competitor.
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TrueShares Technology Constituents Risk-Adjusted Indicators
There is a big difference between TrueShares Etf performing well and TrueShares Technology 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 TrueShares Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BUYZ | 0.72 | 0.14 | 0.16 | 0.26 | 0.54 | 1.65 | 4.98 | |||
| THNQ | 0.94 | 0.06 | 0.07 | 0.17 | 1.10 | 2.57 | 5.42 | |||
| LOUP | 1.14 | 0.14 | 0.10 | 0.22 | 1.34 | 2.86 | 6.93 | |||
| IQM | 1.08 | (0.02) | 0.00 | 0.10 | 1.51 | 1.99 | 7.54 | |||
| DSTL | 0.59 | (0.02) | (0.07) | 0.09 | 0.52 | 1.29 | 3.39 |
TrueShares Technology Competitive Analysis
The better you understand TrueShares Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, TrueShares Technology'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 TrueShares Technology'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 |
TrueShares Technology Competition Performance Charts
Five steps to successful analysis of TrueShares Technology Competition
TrueShares Technology'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 TrueShares Technology in relation to its competition. TrueShares Technology's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of TrueShares Technology 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 TrueShares Technology's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to TrueShares Technology, 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 TrueShares Technology position
In addition to having TrueShares Technology 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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Volatility ETFs
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Check out TrueShares Technology Correlation with its peers. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of TrueShares Technology is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Technology's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TrueShares Technology's market value can be influenced by many factors that don't directly affect TrueShares Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TrueShares Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.