VanEck UraniumNuclear Competition
| NLR Etf | USD 147.76 1.90 1.30% |
VanEck UraniumNuclear vs Nuveen Growth Correlation
Good diversification
The correlation between VanEck UraniumNuclear Energy and NUGO is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck UraniumNuclear Energy and NUGO in the same portfolio, assuming nothing else is changed.
Moving together with VanEck Etf
| 0.8 | XLB | Materials Select Sector | PairCorr |
| 0.83 | VAW | Vanguard Materials Index | PairCorr |
| 0.92 | XME | SPDR SP Metals | PairCorr |
| 0.75 | PHO | Invesco Water Resources | PairCorr |
Moving against VanEck Etf
VanEck UraniumNuclear Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VanEck UraniumNuclear 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 VanEck 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 VanEck UraniumNuclear does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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VanEck UraniumNuclear Constituents Risk-Adjusted Indicators
There is a big difference between VanEck Etf performing well and VanEck UraniumNuclear 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 VanEck UraniumNuclear'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QTEC | 1.21 | (0.09) | 0.00 | (0.03) | 0.00 | 2.28 | 6.10 | |||
| IYH | 0.70 | 0.01 | 0.00 | 0.06 | 0.66 | 1.82 | 3.69 | |||
| LRGF | 0.58 | (0.05) | 0.00 | (0.02) | 0.00 | 1.05 | 4.06 | |||
| XME | 1.90 | 0.25 | 0.10 | 0.18 | 2.49 | 3.78 | 11.62 | |||
| USRT | 0.57 | 0.09 | 0.08 | 0.29 | 0.60 | 1.51 | 2.97 | |||
| SLYG | 0.81 | 0.08 | 0.09 | 0.11 | 0.77 | 2.30 | 4.82 | |||
| IFRA | 0.76 | 0.15 | 0.17 | 0.22 | 0.61 | 1.52 | 3.03 | |||
| IMCG | 0.76 | (0.02) | (0.02) | 0.02 | 0.96 | 1.45 | 5.03 | |||
| GRID | 0.81 | 0.14 | 0.12 | 0.20 | 0.88 | 1.83 | 4.16 | |||
| NUGO | 0.89 | (0.13) | 0.00 | (0.11) | 0.00 | 1.44 | 5.84 |
VanEck UraniumNuclear Competitive Analysis
The better you understand VanEck UraniumNuclear competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, VanEck UraniumNuclear'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 VanEck UraniumNuclear'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 |
VanEck UraniumNuclear Competition Performance Charts
Five steps to successful analysis of VanEck UraniumNuclear Competition
VanEck UraniumNuclear'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 VanEck UraniumNuclear in relation to its competition. VanEck UraniumNuclear's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of VanEck UraniumNuclear 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 VanEck UraniumNuclear's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to VanEck UraniumNuclear, 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.
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The market value of VanEck UraniumNuclear is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck UraniumNuclear's value that differs from its market value or its book value, called intrinsic value, which is VanEck UraniumNuclear's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because VanEck UraniumNuclear's market value can be influenced by many factors that don't directly affect VanEck UraniumNuclear's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between VanEck UraniumNuclear's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding VanEck UraniumNuclear should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, VanEck UraniumNuclear's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.