NuShares ETF Competition
| NUDM Etf | USD 37.82 0.37 0.97% |
NuShares ETF vs First Trust Correlation
Almost no diversification
The correlation between NuShares ETF Trust and WCMI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NuShares ETF Trust and WCMI in the same portfolio, assuming nothing else is changed.
Moving together with NuShares Etf
| 0.96 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.99 | IEFA | iShares Core MSCI | PairCorr |
| 0.95 | VEU | Vanguard FTSE All | PairCorr |
| 0.99 | EFA | iShares MSCI EAFE | PairCorr |
| 0.98 | IXUS | iShares Core MSCI | PairCorr |
Moving against NuShares Etf
| 0.88 | VXX | iPath Series B Low Volatility | PairCorr |
| 0.88 | VIXY | ProShares VIX Short Low Volatility | PairCorr |
| 0.87 | VIXM | ProShares VIX Mid Low Volatility | PairCorr |
| 0.87 | VXZ | iPath Series B Low Volatility | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NuShares ETF'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.
NuShares ETF Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NuShares ETF 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 ETF Trust does not affect the price movement of the other competitor.
NuShares ETF Constituents Risk-Adjusted Indicators
There is a big difference between NuShares Etf performing well and NuShares ETF 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 ETF'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JHSC | 0.74 | 0.03 | 0.04 | 0.07 | 0.80 | 1.68 | 4.20 | |||
| IGE | 0.83 | 0.23 | 0.19 | 0.43 | 0.84 | 1.58 | 3.89 | |||
| BKMC | 0.76 | 0.02 | 0.03 | 0.06 | 0.82 | 1.61 | 3.69 | |||
| KCE | 0.92 | 0.00 | 0.01 | 0.04 | 1.23 | 1.67 | 5.96 | |||
| FLTW | 0.96 | 0.09 | 0.06 | 0.15 | 1.30 | 1.86 | 5.64 | |||
| NUEM | 0.60 | 0.05 | 0.04 | 0.12 | 0.68 | 1.42 | 3.22 | |||
| IYZ | 0.73 | 0.11 | 0.09 | 0.17 | 0.89 | 1.64 | 4.40 | |||
| CGIC | 0.57 | 0.17 | 0.19 | 1.13 | 0.49 | 1.27 | 3.14 | |||
| DWM | 0.56 | 0.07 | 0.09 | 0.15 | 0.55 | 1.11 | 3.11 | |||
| WCMI | 0.76 | 0.05 | 0.05 | 0.09 | 0.80 | 1.60 | 3.79 |
NuShares ETF Competitive Analysis
The better you understand NuShares ETF competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NuShares ETF'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 ETF'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 ETF Competition Performance Charts
Five steps to successful analysis of NuShares ETF Competition
NuShares ETF'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 ETF Trust in relation to its competition. NuShares ETF's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of NuShares ETF 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 ETF's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NuShares ETF Trust, 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 ETF position
In addition to having NuShares ETF 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 Chemicals Makers Thematic Idea Now
Chemicals Makers
Companies developing chemicals for crops, soil as well as human, and animals. The Chemicals Makers theme has 3 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 Chemicals Makers Theme or any other thematic opportunities.
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Check out NuShares ETF Correlation with its peers. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Understanding NuShares ETF Trust requires distinguishing between market price and book value, where the latter reflects NuShares's accounting equity. The concept of intrinsic value—what NuShares ETF's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push NuShares ETF's price substantially above or below its fundamental value.
It's important to distinguish between NuShares ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NuShares ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, NuShares ETF's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.