VanEck Oil Competition
| OIH Etf | USD 385.11 9.53 2.54% |
VanEck Oil vs First Trust Correlation
Almost no diversification
The correlation between VanEck Oil Services and FTA is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Oil Services and FTA in the same portfolio, assuming nothing else is changed.
Moving together with VanEck Etf
VanEck Oil Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VanEck Oil 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 Oil Services does not affect the price movement of the other competitor.
VanEck Oil Constituents Risk-Adjusted Indicators
There is a big difference between VanEck Etf performing well and VanEck Oil 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 Oil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCMG | 0.50 | 0.07 | 0.07 | 0.45 | 0.49 | 1.29 | 4.22 | |||
| USVM | 0.72 | 0.12 | 0.15 | 0.16 | 0.62 | 1.95 | 4.48 | |||
| DLS | 0.55 | 0.16 | 0.20 | 0.29 | 0.40 | 1.54 | 3.01 | |||
| QQXT | 0.50 | 0.03 | 0.02 | 0.08 | 0.51 | 1.13 | 3.15 | |||
| HFXI | 0.52 | 0.14 | 0.18 | 0.24 | 0.45 | 1.17 | 3.19 | |||
| FVAL | 0.54 | 0.02 | 0.01 | 0.06 | 0.69 | 1.19 | 3.49 | |||
| FBT | 0.94 | 0.02 | 0.01 | 0.06 | 1.14 | 2.32 | 6.03 | |||
| SDIV | 0.49 | 0.11 | 0.12 | 0.26 | 0.53 | 1.17 | 3.64 | |||
| LGLV | 0.42 | 0.06 | 0.09 | 0.16 | 0.33 | 1.04 | 2.46 | |||
| FTA | 0.60 | 0.16 | 0.23 | 0.26 | 0.33 | 1.64 | 3.31 |
VanEck Oil Competitive Analysis
The better you understand VanEck Oil competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, VanEck Oil'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 Oil'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 Oil Competition Performance Charts
Five steps to successful analysis of VanEck Oil Competition
VanEck Oil'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 Oil Services in relation to its competition. VanEck Oil's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of VanEck Oil 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 Oil's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to VanEck Oil Services, 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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Check out VanEck Oil Correlation with its peers. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
VanEck Oil Services's market price often diverges from its book value, the accounting figure shown on VanEck's balance sheet. Smart investors calculate VanEck Oil's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since VanEck Oil's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between VanEck Oil's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding VanEck Oil should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, VanEck Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.