Ned Davis Competition

Etfs . USA . 
Etf . Ned Davis Research
NDAA Etf   22.16  0.00  0.00%   
Ned Davis Research competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and T Rowe; as well as few others. Analyzing Ned Davis competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ned Davis to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ned Davis Correlation with its peers.

Ned Davis vs Ab Small Correlation

Poor diversification

The correlation between Ned Davis Research and QUAYX is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ned Davis Research and QUAYX in the same portfolio, assuming nothing else is changed.

Moving together with Ned Etf

  0.94HF DGA Core Plus Earnings Call This WeekPairCorr
  0.92OCIO ClearShares OCIO ETFPairCorr
  0.97MFUL Collaborative InvestmentPairCorr
  0.8MPRO Northern LightsPairCorr
  0.97RULE Collaborative InvestmentPairCorr

Moving against Ned Etf

  0.7MPAY Exchange Traded ConceptsPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
21.8722.4623.05
Details
Intrinsic
Valuation
LowRealHigh
21.7122.3022.89
Details
Naive
Forecast
LowNextHigh
21.8322.4223.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.0821.9322.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ned Davis. Your research has to be compared to or analyzed against Ned Davis' peers to derive any actionable benefits. When done correctly, Ned Davis' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ned Davis Research.

Ned Davis Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ned Davis 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 Ned 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 Ned Davis Research does not affect the price movement of the other competitor.

High positive correlations

RRTLX
+ 0.97
MSTSX
RRTLX
+ 0.91
VIASP
VIASP
+ 0.9
MSTSX
RRTLX
+ 0.83
LBHIX
QUAYX
+ 0.81
LBHIX
QUAYX
+ 0.81
RRTLX
  

High negative correlations

WQTM
- 0.62
SCAXF
SCAXF
- 0.51
ABHYX
VIASP
- 0.49
SCAXF
SCAXF
- 0.38
MSTSX
AMPL
- 0.35
WQTM
RRTLX
- 0.35
SCAXF

Ned Davis Constituents Risk-Adjusted Indicators

There is a big difference between Ned Etf performing well and Ned Davis 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 Ned Davis' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MSTSX  0.64  0.15  0.15  0.69  0.43 
(0.81)
 0.93 
(1.09)
 12.28 
ABHYX  0.09  0.01 (0.18) 0.59  0.00 
(0.19)
 0.23 
(0.12)
 0.92 
LBHIX  0.17  0.06  0.06  0.57  0.00 
(0.33)
 0.24 
(0.23)
 2.38 
SCAXF  12.02  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 466.19 
VIASP  0.27  0.04 (0.03) 3.85  0.22 
(0.32)
 0.64 
(0.59)
 2.04 
RRTLX  0.26  0.04  0.02  0.18  0.13 
(0.33)
 0.57 
(0.49)
 3.30 
WQTM  1.74 (0.13) 0.00 (0.65) 0.00 
 0.00 
 3.21 
(3.63)
 8.51 
OSHDF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
AMPL  3.61  0.23  0.03 (0.21) 3.57 
(5.17)
 10.26 
(6.50)
 32.12 
QUAYX  1.13 (0.05)(0.02) 0.02  1.67 
(1.04)
 2.03 
(2.41)
 6.54 

Ned Davis Competitive Analysis

The better you understand Ned Davis competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ned Davis' 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 Ned Davis' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NDAA MSTSX ABHYX LBHIX SCAXF VIASP RRTLX WQTM OSHDF AMPL
 0.00 
 22.16 
Ned
 0.80 
 11.19 
Morningstar
 0.11 
 8.77 
High-yield
 0.06 
 17.20 
Thrivent
 30.00 
 0 
Sparta
 0.08 
 25.65 
Via
 0.16 
 12.87 
RRTLX
 5.66 
 25.51 
WisdomTree
 0.00 
 0.04 
Oshidori
 0.88 
 1.12 
AMPL
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Very steady
Very steady
Out of control
Very steady
Very steady
Very steady
Very steady
Very risky
Market Performance
(90 Days Performance)
Good
Good
Fair
Good
Fair
Good
Good
Weakest
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Average
Low
Fair
High
Small
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over Valued
Over Valued
Fairly Valued
Under Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Buy
Strong Sell
Strong Sell
Strong Sell
Strong Buy
Strong Hold
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
0.62
3.49
N/A
N/A
N/A
N/A
Net Asset
N/A
116.1 M
558 M
788.44 M
3.06 M
355.28 M
1.46 B
N/A
6.31 B
N/A
Profit Margin
N/A
N/A
N/A
N/A
-0.1
0.0094
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
N/A
(21.53 K)
33.09 M
N/A
N/A
(3.49 B)
N/A
Price To Book
N/A
N/A
N/A
1.58
34.42
N/A
2.13
N/A
0.005
N/A
Operating Margin
N/A
N/A
N/A
N/A
-0.15
-0.14
N/A
N/A
1.04
N/A
Current Valuation
N/A
N/A
N/A
N/A
5.73 M
535.95 M
N/A
N/A
103.84 M
N/A
Five Year Return
N/A
9.05
0.91
4.0
N/A
8.97
0.0406
N/A
N/A
N/A
One Year Return
14.6
17.14
3.55
7.95
N/A
N/A
0.067
N/A
N/A
N/A
Beta
N/A
N/A
N/A
N/A
1.75
1.16
N/A
N/A
0.67
N/A
Cash Position Weight
N/A
14.28
0.1
6.56
N/A
N/A
7.22
N/A
N/A
N/A
Equity Positions Weight
N/A
61.63
N/A
0.07
N/A
N/A
38.52
N/A
N/A
N/A
Number Of Employees
N/A
1
1
1
8
169
1
N/A
31
N/A
Shares Outstanding
N/A
N/A
N/A
N/A
233.95 M
N/A
N/A
N/A
6.11 B
N/A
Three Year Return
N/A
12.9
3.59
8.04
N/A
N/A
0.0491
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
210.37 K
12.7 M
N/A
N/A
499.26 M
N/A
Annual Yield
N/A
0.0223
0.0041
0.062
N/A
0.0972
0.0288
N/A
N/A
N/A
Total Debt
N/A
N/A
N/A
N/A
125 K
135 M
N/A
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
0.017
N/A
N/A
-0.5
N/A
Bond Positions Weight
N/A
22.72
2.0
92.23
N/A
N/A
14.43
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
37.6
1.0
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
-0.21
-0.11
N/A
N/A
-0.46
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
-0.002
3.66
N/A
N/A
0.89
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
N/A
215.11 M
218.83 M
481.72 M
3.06 M
355.28 M
1.03 B
N/A
6.31 B
N/A
Last Dividend Paid
N/A
N/A
0.03
0.02
N/A
0.73
0.14
N/A
N/A
N/A
Debt To Equity
N/A
N/A
N/A
N/A
101.0
0.69
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
0.7
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.84
N/A
Market Capitalization
N/A
50.36 M
N/A
N/A
7.72 M
N/A
N/A
N/A
233.49 M
87.66 K
Price To Earning
N/A
N/A
N/A
35.48
19.55
26.83
18.25
N/A
N/A
N/A
Price To Sales
N/A
N/A
N/A
1.23
0.63
N/A
1.57
N/A
N/A
N/A
Net Income
N/A
N/A
N/A
N/A
(609.44 K)
5.2 M
N/A
N/A
(3.15 B)
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
-0.003
1.17
N/A
N/A
N/A
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
9.51
N/A
N/A
N/A
30.28
N/A
Year To Date Return
N/A
2.37
0.41
0.59
N/A
N/A
-0.0211
N/A
N/A
N/A
Revenue
N/A
N/A
N/A
N/A
5.19 M
393.49 M
N/A
N/A
(3.1 B)
N/A
Ten Year Return
N/A
N/A
4.84
6.0
N/A
N/A
5.76
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
909.32 K
51.31 M
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
3.23
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
3.68 M
74.67 M
N/A
N/A
(4.09 B)
N/A
Day Typical Price
22.26
11.19
8.77
17.2
0.0013
25.65
12.87
26.14
0.036
1.12
Accumulation Distribution
0.0134
N/A
N/A
N/A
N/A
N/A
N/A
0.0693
N/A
0.0442
Market Facilitation Index
0.3
N/A
N/A
N/A
N/A
N/A
N/A
1.9
N/A
0.002
Daily Balance Of Power
N/A
0
9.2 T
0
9.2 T
9.2 T
0
(0.81)
0.0
(1.00)
Period Momentum Indicator
N/A
(0.09)
0.01
(0.01)
3.0E-4
0.02
(0.02)
(1.53)
N/A
(0.01)
Rate Of Daily Change
1.0
0.99
1.0
1.0
1.3
1.0
1.0
0.94
1.0
0.99
Day Median Price
22.31
11.19
8.77
17.2
0.0013
25.65
12.87
26.46
0.036
1.13
Price Action Indicator
(0.15)
(0.04)
0.005
(0.01)
1.0E-4
0.01
(0.01)
(1.71)
N/A
(0.01)
Coefficient Of Variation
1203.16
856.55
758.81
508.94
999.4
700.56
594.25
(2,003)
N/A
2644.27
Mean Deviation
0.4697
0.6432
0.0875
0.1709
12.02
0.2691
0.2617
1.74
N/A
3.61
Jensen Alpha
0.0362
0.1487
0.0084
0.0577
N/A
0.0417
0.0429
(0.13)
N/A
0.2344
Total Risk Alpha
(0)
0.0526
(0)
0.036
1.23
0.0152
0.0303
(0.28)
N/A
(0.20)
Sortino Ratio
(0.02)
0.148
(0.18)
0.0638
N/A
(0.03)
0.0201
N/A
N/A
0.0343
Downside Variance
0.479
0.5225
0.0625
0.0212
N/A
0.144
0.1401
N/A
N/A
14.78
Standard Deviation
0.6076
1.47
0.1459
0.3756
47.88
0.3667
0.428
2.21
N/A
5.2
Kurtosis
(0.10)
44.16
4.41
23.25
58.21
1.37
15.74
0.1617
N/A
4.14
Potential Upside
0.8877
0.9259
0.2302
0.2405
N/A
0.6405
0.5728
3.21
N/A
10.26
Treynor Ratio
0.512
0.6874
0.5917
0.5666
N/A
3.85
0.1773
(0.65)
N/A
(0.21)
Maximum Drawdown
2.78
12.28
0.9196
2.38
466.19
2.04
3.3
8.51
N/A
32.12
Variance
0.3692
2.16
0.0213
0.1411
2292.38
0.1345
0.1832
4.87
N/A
27.0
Market Risk Adjusted Performance
0.522
0.6974
0.6017
0.5766
N/A
3.86
0.1873
(0.64)
N/A
(0.20)
Risk Adjusted Performance
0.059
0.0909
0.0565
0.1349
0.0834
0.0949
0.1166
(0.03)
N/A
0.0364
Skewness
(0.37)
6.04
(0.02)
4.64
7.28
(0.19)
2.67
(0.33)
N/A
1.43
Semi Deviation
0.5577
0.4274
0.0
0.0
N/A
0.2218
0.1266
N/A
N/A
3.57
Information Ratio
(0.02)
0.0728
(0.31)
0.0247
0.0987
(0.03)
0.0176
(0.08)
N/A
0.0254
Value At Risk
(1.14)
(1.09)
(0.12)
(0.23)
N/A
(0.59)
(0.49)
(3.63)
N/A
(6.50)
Expected Short fall
(0.49)
(0.81)
(0.19)
(0.33)
N/A
(0.32)
(0.33)
N/A
N/A
(5.17)
Downside Deviation
0.6921
0.7228
0.25
0.1457
N/A
0.3795
0.3743
N/A
N/A
3.84
Semi Variance
0.311
0.1827
(0.01)
(0.07)
N/A
0.0492
0.016
N/A
N/A
12.77

Ned Davis Competition Performance Charts

Five steps to successful analysis of Ned Davis Competition

Ned Davis' 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 Ned Davis Research in relation to its competition. Ned Davis' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Ned Davis 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 Ned Davis' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ned Davis Research, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Ned Davis position

In addition to having Ned Davis 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.

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Tech Funds
Tech Funds Theme
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 48 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 Tech Funds Theme or any other thematic opportunities.
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When determining whether Ned Davis Research offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ned Davis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ned Davis Research Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ned Davis Research Etf:
How To Invest In Ned
Details
ETF Directory
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Largest Asset Allocation ETFs Companies
View
Largest Strategy ETFs Companies
View
Check out Ned Davis Correlation with its peers.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Ned Davis Research is measured differently than its book value, which is the value of Ned that is recorded on the company's balance sheet. Investors also form their own opinion of Ned Davis' value that differs from its market value or its book value, called intrinsic value, which is Ned Davis' 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 Ned Davis' market value can be influenced by many factors that don't directly affect Ned Davis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between Ned Davis' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Ned Davis should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Ned Davis' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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