GraniteShares YieldBOOST Competition
| NVYY Etf | 16.72 0.37 2.17% |
GraniteShares YieldBOOST vs Intech SP Correlation
Very good diversification
The correlation between GraniteShares YieldBOOST NVDA and SMDX is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares YieldBOOST NVDA and SMDX in the same portfolio, assuming nothing else is changed.
Moving against GraniteShares Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GraniteShares YieldBOOST'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.
GraniteShares YieldBOOST Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between GraniteShares YieldBOOST 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 GraniteShares 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 GraniteShares YieldBOOST does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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GraniteShares YieldBOOST Competition Risk-Adjusted Indicators
There is a big difference between GraniteShares Etf performing well and GraniteShares YieldBOOST 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 GraniteShares YieldBOOST'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 | 1.55 | 0.02 | (0.01) | (0.47) | 1.62 | 3.43 | 13.36 | |||
| MSFT | 1.23 | (0.34) | 0.00 | 1.81 | 0.00 | 1.78 | 13.28 | |||
| UBER | 1.60 | (0.39) | 0.00 | (0.56) | 0.00 | 2.46 | 11.09 | |||
| F | 1.22 | 0.10 | 0.05 | 0.85 | 1.20 | 3.38 | 7.16 | |||
| T | 0.94 | 0.16 | 0.13 | 0.84 | 0.84 | 2.02 | 4.31 | |||
| A | 1.22 | (0.23) | 0.00 | (0.13) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.64 | (0.36) | 0.00 | 3.41 | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.12 | 0.05 | 0.01 | (0.31) | 1.63 | 2.18 | 7.38 | |||
| MRK | 1.32 | 0.48 | 0.32 | 0.86 | 1.07 | 3.59 | 8.09 | |||
| XOM | 1.15 | 0.38 | 0.28 | 0.71 | 0.92 | 2.69 | 5.85 |
GraniteShares YieldBOOST Competitive Analysis
The better you understand GraniteShares YieldBOOST competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, GraniteShares YieldBOOST'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 GraniteShares YieldBOOST'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 |
GraniteShares YieldBOOST Competition Performance Charts
Five steps to successful analysis of GraniteShares YieldBOOST Competition
GraniteShares YieldBOOST'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 GraniteShares YieldBOOST in relation to its competition. GraniteShares YieldBOOST's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of GraniteShares YieldBOOST 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 GraniteShares YieldBOOST's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to GraniteShares YieldBOOST, 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 GraniteShares YieldBOOST position
In addition to having GraniteShares YieldBOOST 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 Hedge Favorites Thematic Idea Now
Hedge Favorites
Hedge Funds pool capital from accredited individuals or institutional investors and invest in a variety of assets, often with complex portfolio-construction and risk-management techniques. The Hedge Favorites theme has 37 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 Hedge Favorites Theme or any other thematic opportunities.
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Check out GraniteShares YieldBOOST Correlation with its peers. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of GraniteShares YieldBOOST is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares YieldBOOST's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares YieldBOOST's 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 GraniteShares YieldBOOST's market value can be influenced by many factors that don't directly affect GraniteShares YieldBOOST'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 GraniteShares YieldBOOST's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding GraniteShares YieldBOOST should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, GraniteShares YieldBOOST's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.