Hashdex Nasdaq Competition
| NCIQ Etf | 17.04 0.18 1.07% |
Hashdex Nasdaq vs Grayscale Bitcoin Correlation
Almost no diversification
The correlation between Hashdex Nasdaq Crypto and BTC is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hashdex Nasdaq Crypto and BTC in the same portfolio, assuming nothing else is changed.
Moving together with Hashdex Etf
| 0.95 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.95 | BITO | ProShares Bitcoin Aggressive Push | PairCorr |
| 0.95 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.95 | BTF | CoinShares Bitcoin and | PairCorr |
Moving against Hashdex Etf
Hashdex Nasdaq Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hashdex Nasdaq 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 Hashdex 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 Hashdex Nasdaq Crypto does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Hashdex Nasdaq Competition Risk-Adjusted Indicators
There is a big difference between Hashdex Etf performing well and Hashdex Nasdaq 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 Hashdex Nasdaq'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.50 | 0.07 | 0.03 | 0.16 | 1.44 | 3.43 | 13.69 | |||
| MSFT | 1.29 | (0.39) | 0.00 | (1.03) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.56 | (0.35) | 0.00 | (0.63) | 0.00 | 2.46 | 11.09 | |||
| F | 1.22 | 0.05 | 0.03 | 0.13 | 1.21 | 3.34 | 7.16 | |||
| T | 1.00 | 0.15 | 0.07 | (19.14) | 0.94 | 3.87 | 7.44 | |||
| A | 1.26 | (0.35) | 0.00 | (0.21) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.69 | (0.47) | 0.00 | (0.39) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.20 | (0.06) | (0.02) | 0.03 | 1.61 | 2.34 | 7.38 | |||
| MRK | 1.27 | 0.38 | 0.26 | 0.64 | 0.97 | 2.93 | 8.74 | |||
| XOM | 1.29 | 0.31 | 0.18 | 1.25 | 1.17 | 2.90 | 6.83 |
Hashdex Nasdaq Competitive Analysis
The better you understand Hashdex Nasdaq competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hashdex Nasdaq'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 Hashdex Nasdaq'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 |
| NCIQ | GBTC | BTC | |
| 1.07 17.04 Hashdex | 0.94 52.81 Grayscale | 0.94 29.97 Grayscale | Market Volatility (90 Days Market Risk) |
| Market Performance (90 Days Performance) | |||
| Odds of Financial Distress (Probability Of Bankruptcy) | |||
| Current Valuation (Equity Enterprise Value) | |||
| Buy or Sell Advice (Average Analysts Consensus) | |||
Trade Advice (90 Days Macroaxis Advice) | |||
| Price To Sales | |||
| Three Year Return | |||
| Net Asset | |||
| Price To Book | |||
| Five Year Return | |||
| One Year Return | |||
| Bond Positions Weight | |||
| Ten Year Return | |||
| Price To Earning | |||
| Day Typical Price | |||
| Accumulation Distribution | |||
| Market Facilitation Index | |||
| Daily Balance Of Power | |||
| Period Momentum Indicator | |||
| Rate Of Daily Change | |||
| Day Median Price | |||
| Price Action Indicator | |||
| Relative Strength Index | |||
| Coefficient Of Variation | |||
| Mean Deviation | |||
| Jensen Alpha | |||
| Total Risk Alpha | |||
| Standard Deviation | |||
| Kurtosis | |||
| Potential Upside | |||
| Treynor Ratio | |||
| Maximum Drawdown | |||
| Variance | |||
| Market Risk Adjusted Performance | |||
| Risk Adjusted Performance | |||
| Skewness | |||
| Information Ratio | |||
| Value At Risk |
Hashdex Nasdaq Competition Performance Charts
Five steps to successful analysis of Hashdex Nasdaq Competition
Hashdex Nasdaq'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 Hashdex Nasdaq Crypto in relation to its competition. Hashdex Nasdaq's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Hashdex Nasdaq 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 Hashdex Nasdaq's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hashdex Nasdaq Crypto, 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 Hashdex Nasdaq position
In addition to having Hashdex Nasdaq 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 Top Crypto Assets Thematic Idea Now
Top Crypto Assets
An experimental p2p digital currency that is accepted by many vendors in null. The Top Crypto Assets theme has 0 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 Top Crypto Assets Theme or any other thematic opportunities.
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Check out Hashdex Nasdaq Correlation with its peers. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Hashdex Nasdaq Crypto's market price often diverges from its book value, the accounting figure shown on Hashdex's balance sheet. Smart investors calculate Hashdex Nasdaq's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since Hashdex Nasdaq's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Hashdex Nasdaq's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Hashdex Nasdaq should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Hashdex Nasdaq'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.