Roundhill Meta Competition
| METW Etf | 35.09 0.17 0.49% |
Roundhill Meta vs Roundhill ETF Correlation
Good diversification
The correlation between Roundhill Meta Weeklypay and AMDW is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roundhill Meta Weeklypay and AMDW in the same portfolio, assuming nothing else is changed.
Moving together with Roundhill Etf
Moving against Roundhill Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill Meta'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.
Roundhill Meta Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Roundhill Meta 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 Roundhill 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 Roundhill Meta Weeklypay does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Roundhill Meta Constituents Risk-Adjusted Indicators
There is a big difference between Roundhill Etf performing well and Roundhill Meta 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 Roundhill Meta'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NFLW | 1.61 | (0.62) | 0.00 | (3.19) | 0.00 | 2.13 | 10.06 | |||
| BRKW | 0.84 | 0.07 | 0.02 | 0.31 | 0.90 | 1.63 | 5.29 | |||
| AMZW | 1.66 | (0.42) | 0.00 | (0.41) | 0.00 | 3.18 | 9.12 | |||
| MSFW | 1.61 | (0.50) | 0.00 | (0.83) | 0.00 | 2.41 | 16.29 | |||
| GOOW | 1.65 | 0.18 | 0.09 | 0.37 | 1.66 | 3.62 | 11.75 | |||
| RFCI | 0.16 | 0.00 | (0.32) | 0.08 | 0.17 | 0.27 | 0.89 | |||
| OCTJ | 0.11 | 0.01 | (0.34) | 0.14 | 0.00 | 0.29 | 1.02 | |||
| AAPW | 0.97 | 0.01 | (0.02) | 0.11 | 1.20 | 3.02 | 7.27 | |||
| MFLX | 0.10 | 0.01 | (0.44) | 1.04 | 0.00 | 0.24 | 0.71 | |||
| AMDW | 3.37 | (0.48) | 0.00 | (0.17) | 0.00 | 7.77 | 31.65 |
Roundhill Meta Competitive Analysis
The better you understand Roundhill Meta competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Roundhill Meta'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 Roundhill Meta'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 |
Roundhill Meta Competition Performance Charts
Five steps to successful analysis of Roundhill Meta Competition
Roundhill Meta'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 Roundhill Meta Weeklypay in relation to its competition. Roundhill Meta's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Roundhill Meta 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 Roundhill Meta's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Roundhill Meta Weeklypay, 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 Roundhill Meta position
In addition to having Roundhill Meta 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 Roundhill Meta Correlation with its peers. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of Roundhill Meta Weeklypay is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Meta's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Meta's true underlying value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. Because Roundhill Meta's market value can be influenced by many factors that don't directly affect Roundhill Meta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Roundhill Meta's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Roundhill Meta represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Roundhill Meta's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.