NuShares Enhanced Competition
| NUAG Etf | USD 21.15 0.01 0.05% |
NuShares Enhanced vs Harbor ETF Correlation
Poor diversification
The correlation between NuShares Enhanced Yield and HAPS is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NuShares Enhanced Yield and HAPS in the same portfolio, assuming nothing else is changed.
Moving together with NuShares Etf
| 0.71 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.96 | AGG | iShares Core Aggregate Sell-off Trend | PairCorr |
| 0.74 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 0.71 | EAGG | iShares ESG Aggregate | PairCorr |
Moving against NuShares Etf
| 0.69 | VXX | iPath Series B Low Volatility | PairCorr |
| 0.68 | VIXY | ProShares VIX Short Low Volatility | PairCorr |
| 0.68 | VIXM | ProShares VIX Mid Low Volatility | PairCorr |
| 0.68 | VXZ | iPath Series B Low Volatility | PairCorr |
NuShares Enhanced Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NuShares Enhanced 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 NuShares 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 NuShares Enhanced Yield does not affect the price movement of the other competitor.
| 0.84 | 0.79 | 0.81 | 0.82 | 0.77 | UCRD | ||
| 0.84 | 0.94 | 0.95 | 0.95 | 0.9 | JIII | ||
| 0.79 | 0.94 | 0.96 | 0.94 | 0.89 | AFIF | ||
| 0.81 | 0.95 | 0.96 | 1.0 | 0.93 | XJUN | ||
| 0.82 | 0.95 | 0.94 | 1.0 | 0.94 | XBJL | ||
| 0.77 | 0.9 | 0.89 | 0.93 | 0.94 | HAPS | ||
NuShares Enhanced Constituents Risk-Adjusted Indicators
There is a big difference between NuShares Etf performing well and NuShares Enhanced 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 NuShares Enhanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UCRD | 0.16 | (0.01) | (0.24) | (0.07) | 0.18 | 0.32 | 0.88 | |||
| JIII | 0.11 | 0.00 | (0.22) | 0.00 | 0.13 | 0.22 | 1.00 | |||
| AFIF | 0.11 | 0.00 | (0.19) | 0.00 | 0.00 | 0.32 | 0.65 | |||
| XJUN | 0.13 | 0.01 | (0.14) | 0.10 | 0.00 | 0.36 | 0.92 | |||
| XBJL | 0.19 | 0.01 | (0.08) | 0.07 | 0.19 | 0.42 | 1.31 | |||
| HAPS | 0.79 | 0.02 | 0.02 | 0.06 | 0.86 | 1.93 | 5.05 |
NuShares Enhanced Competitive Analysis
The better you understand NuShares Enhanced competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NuShares Enhanced'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 NuShares Enhanced'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 |
NuShares Enhanced Competition Performance Charts
Five steps to successful analysis of NuShares Enhanced Competition
NuShares Enhanced'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 NuShares Enhanced Yield in relation to its competition. NuShares Enhanced's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of NuShares Enhanced 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 NuShares Enhanced's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NuShares Enhanced Yield, 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 NuShares Enhanced position
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Disruptive Technologies
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Check out NuShares Enhanced Correlation with its peers. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of NuShares Enhanced Yield is measured differently than its book value, which is the value of NuShares that is recorded on the company's balance sheet. Investors also form their own opinion of NuShares Enhanced's value that differs from its market value or its book value, called intrinsic value, which is NuShares Enhanced'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 NuShares Enhanced's market value can be influenced by many factors that don't directly affect NuShares Enhanced'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 NuShares Enhanced's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NuShares Enhanced should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, NuShares Enhanced's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.