ClearShares Ultra Competition

Etfs . USA . 
Etf . ClearShares Ultra Short Maturity
OPER Etf  USD 100.10  0.02  0.02%   
ClearShares Ultra Short competes with IShares Morningstar, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High; as well as few others. Analyzing ClearShares Ultra competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ClearShares Ultra to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ClearShares Ultra Correlation with its peers.

ClearShares Ultra vs Oshidori International Correlation

Moving together with ClearShares Etf

  1.0BIL SPDR Bloomberg 1PairCorr
  1.0SHV iShares Short TreasuryPairCorr
  0.98JPST JPMorgan Ultra ShortPairCorr
  1.0USFR WisdomTree Floating RatePairCorr
  1.0ICSH iShares Ultra ShortPairCorr

Moving against ClearShares Etf

  0.5IRE Tidal Trust IIPairCorr
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ClearShares Ultra'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.
Hype
Prediction
LowEstimatedHigh
100.05100.07100.09
Details
Intrinsic
Valuation
LowRealHigh
90.06108.94108.96
Details
Naive
Forecast
LowNextHigh
100.07100.08100.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
99.2999.73100.17
Details

ClearShares Ultra Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ClearShares Ultra 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 ClearShares 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 ClearShares Ultra Short does not affect the price movement of the other competitor.

High positive correlations

UBER
+ 0.72
MSFT
XOM
+ 0.72
MRK
MRK
+ 0.71
F
XOM
+ 0.65
F
CRM
+ 0.62
MSFT
A
+ 0.59
UBER
  

High negative correlations

XOM
- 0.83
MSFT
MRK
- 0.8
UBER
MRK
- 0.8
MSFT
XOM
- 0.64
CRM
XOM
- 0.62
A
XOM
- 0.59
UBER

ClearShares Ultra Constituents Risk-Adjusted Indicators

There is a big difference between ClearShares Etf performing well and ClearShares Ultra 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 ClearShares Ultra'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.55 (0.03)(0.02) 0.02  1.62 
(1.79)
 3.43 
(2.72)
 13.36 
MSFT  1.23 (0.36) 0.00 (1.95) 0.00 
 0.00 
 1.78 
(2.70)
 13.28 
UBER  1.57 (0.43) 0.00 (0.52) 0.00 
 0.00 
 2.46 
(5.06)
 10.23 
F  1.22  0.04  0.04  0.10  1.20 
(1.45)
 3.38 
(2.35)
 7.16 
T  0.95  0.11  0.06  0.72  0.94 
(1.05)
 2.02 
(1.76)
 4.31 
A  1.22 (0.18) 0.00 (0.08) 0.00 
 0.00 
 2.90 
(2.58)
 7.85 
CRM  1.64 (0.42) 0.00 (0.32) 0.00 
 0.00 
 2.94 
(5.31)
 12.37 
JPM  1.12 (0.03) 0.00  0.03  1.63 
(1.14)
 2.18 
(3.11)
 7.38 
MRK  1.32  0.46  0.31  0.65  1.07 
(1.63)
 3.59 
(1.98)
 8.09 
XOM  1.15  0.00  0.27  0.00  0.92 
(1.37)
 2.69 
(2.11)
 5.85 

ClearShares Ultra Competitive Analysis

The better you understand ClearShares Ultra competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ClearShares Ultra'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 ClearShares Ultra'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
OPER JKD BRRAY MSTSX ABHYX LBHIX VIASP RRTLX XTWO MTWO
 0.02 
 100.10 
ClearShares
 0.55 
 94.75 
IShares
 0.00 
 15.50 
Barloworld
 0.27 
 11.22 
Morningstar
 0.11 
 8.77 
High-yield
 0.12 
 17.18 
Thrivent
 0.39 
 25.55 
Via
 0.39 
 12.82 
RRTLX
 0.20 
 49.48 
Bondbloxx
 5.14 
 0.05 
M2i
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very risky
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
Elite
Soft
Good
Good
Fair
Good
Good
Good
Solid
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Average
Low
Low
Moderate
Current Valuation
(Equity Enterprise Value)
Under Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Under Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Sell
Strong Sell
Strong Buy
Strong Sell
Strong Sell
Strong Buy
Strong Hold
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
1.49
N/A
N/A
N/A
3.49
N/A
N/A
0.26
Net Asset
260.42 M
842.68 M
54.41 B
116.1 M
558 M
788.44 M
355.28 M
1.46 B
35.17 M
N/A
EBITDA
N/A
N/A
2.77 B
N/A
N/A
N/A
33.09 M
N/A
N/A
(25.29 M)
Operating Margin
N/A
N/A
0.1
N/A
N/A
N/A
-0.14
N/A
N/A
-239.32
Five Year Return
3.4
13.0
3.98
9.05
0.91
4.0
8.97
0.0406
N/A
N/A
One Year Return
4.3
14.0
N/A
17.14
3.55
7.95
N/A
0.067
5.0
N/A
Beta
N/A
1.02
0.63
N/A
N/A
N/A
1.16
N/A
0.28
0.55
Number Of Employees
645
2
36
1
1
1
169
1
N/A
9
Three Year Return
4.9
21.5
N/A
12.9
3.59
8.04
N/A
0.0491
4.2
N/A
Cash Flow From Operations
N/A
N/A
1.89 B
N/A
N/A
N/A
12.7 M
N/A
N/A
(4.6 M)
Total Debt
N/A
N/A
8.64 B
N/A
N/A
N/A
135 M
N/A
N/A
5.05 M
Bond Positions Weight
N/A
N/A
N/A
22.72
2.0
92.23
N/A
14.43
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
0.047
N/A
N/A
N/A
-0.11
N/A
N/A
-117.29
Current Liabilities
N/A
N/A
13.9 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Debt To Equity
N/A
N/A
0.68
N/A
N/A
N/A
0.69
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
0.7
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
1.29 B
955.54 M
50.36 M
N/A
N/A
N/A
N/A
N/A
14.02 M
Price To Earning
N/A
18.1
9.18
N/A
N/A
35.48
26.83
18.25
N/A
-0.18
Price To Sales
N/A
1.95
0.0285
N/A
N/A
1.23
N/A
1.57
N/A
1.32
Net Income
N/A
N/A
2.04 B
N/A
N/A
N/A
5.2 M
N/A
N/A
(26.57 M)
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
53.43
Revenue
N/A
N/A
39.38 B
N/A
N/A
N/A
393.49 M
N/A
N/A
10.61 M
Year To Date Return
N/A
N/A
N/A
2.37
0.41
0.59
N/A
-0.0211
N/A
N/A
Working Capital
N/A
N/A
11.95 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Profit Margin
N/A
N/A
0.0519
N/A
N/A
N/A
0.0094
N/A
N/A
N/A
Price To Book
N/A
4.05
0.99
N/A
N/A
1.58
N/A
2.13
N/A
N/A
Current Valuation
N/A
N/A
1.11 B
N/A
N/A
N/A
535.95 M
N/A
N/A
19.04 M
Retained Earnings
N/A
N/A
13.37 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
25.84 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Equity Positions Weight
N/A
99.77
N/A
61.63
N/A
0.07
N/A
38.52
N/A
N/A
Cash Position Weight
N/A
N/A
N/A
14.28
0.1
6.56
N/A
7.22
N/A
N/A
Shares Outstanding
N/A
N/A
185.7 M
N/A
N/A
N/A
N/A
N/A
N/A
136.02 M
Annual Yield
N/A
N/A
0.0543
0.0223
0.0041
0.062
0.0972
0.0288
N/A
N/A
Return On Equity
N/A
N/A
0.0588
N/A
N/A
N/A
0.017
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
1.0
N/A
N/A
1.2
Book Value Per Share
N/A
N/A
99.76
N/A
N/A
N/A
3.66
N/A
N/A
-0.21
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
Total Asset
260.42 M
842.68 M
54.41 B
215.11 M
218.83 M
481.72 M
355.28 M
1.03 B
35.17 M
N/A
Last Dividend Paid
0.04
0.56
4.6
N/A
0.03
0.02
0.73
0.14
N/A
N/A
Target Price
N/A
N/A
7.68
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Earnings Per Share
N/A
8.29
0.35
N/A
N/A
N/A
1.17
N/A
N/A
-0.62
Ten Year Return
N/A
15.1
N/A
N/A
4.84
6.0
N/A
5.76
N/A
N/A
Cash And Equivalents
N/A
N/A
5.11 B
N/A
N/A
N/A
51.31 M
N/A
N/A
35.57 K
Cash Per Share
N/A
N/A
25.52
N/A
N/A
N/A
3.23
N/A
N/A
N/A
Gross Profit
N/A
N/A
5.12 B
N/A
N/A
N/A
74.67 M
N/A
N/A
3.68 M
Day Typical Price
100.1
94.75
15.5
11.22
8.77
17.18
25.55
12.82
49.45
0.0498
Accumulation Distribution
0.9
177.69
N/A
N/A
N/A
N/A
2.47
N/A
13.78
354501.0
Market Facilitation Index
0.0
1.0E-4
N/A
N/A
N/A
N/A
1.0E-4
N/A
0.0
N/A
Daily Balance Of Power
0.6667
(0.41)
0.0
9.2 T
9.2 T
0
(1.67)
0
1.0
(0.18)
Period Momentum Indicator
0.02
(0.52)
N/A
0.03
0.01
(0.02)
(0.10)
(0.05)
0.1
(0)
Rate Of Daily Change
1.0
0.99
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.95
Day Median Price
100.1
94.75
15.5
11.22
8.77
17.18
25.55
12.82
49.43
0.0498
Price Action Indicator
0.015
(0.26)
N/A
0.015
0.005
(0.01)
(0.05)
(0.03)
0.1
(0)
Coefficient Of Variation
97.75
22406.4
696.63
856.55
758.81
508.94
700.56
594.25
379.49
(1,315)
Mean Deviation
0.0123
0.5441
5.76
0.6432
0.0875
0.1709
0.2691
0.2617
0.0455
4.33
Jensen Alpha
0.0054
(0.01)
2.41
0.1487
0.0084
0.0577
0.0417
0.0429
0.0048
(0.51)
Total Risk Alpha
0.0044
(0.06)
1.09
0.0526
(0)
0.036
0.0152
0.0303
9.0E-4
(1.02)
Sortino Ratio
N/A
(0.07)
0.1857
0.148
(0.18)
0.0638
(0.03)
0.0201
(0.84)
N/A
Downside Variance
N/A
0.7807
141.44
0.5225
0.0625
0.0212
0.144
0.1401
0.0034
N/A
Standard Deviation
0.0152
0.7263
15.84
1.47
0.1459
0.3756
0.3667
0.428
0.0574
6.7
Kurtosis
(0.22)
0.6079
49.11
44.16
4.41
23.25
1.37
15.74
0.1587
8.72
Potential Upside
0.0403
0.9633
17.76
0.9259
0.2302
0.2405
0.6405
0.5728
0.1021
9.09
Treynor Ratio
2.91
(0.15)
(0.83)
0.6874
0.5917
0.5666
3.85
0.1773
0.9674
2.48
Maximum Drawdown
0.0704
3.69
120.98
12.28
0.9196
2.38
2.04
3.3
0.2652
25.7
Variance
2.0E-4
0.5276
250.83
2.16
0.0213
0.1411
0.1345
0.1832
0.0033
44.93
Market Risk Adjusted Performance
2.92
(0.14)
(0.82)
0.6974
0.6017
0.5766
3.86
0.1873
0.9774
2.49
Risk Adjusted Performance
0.2778
0.0032
0.1151
0.0909
0.0565
0.1349
0.0949
0.1166
0.0757
(0.05)
Skewness
0.163
(0.60)
6.58
6.04
(0.02)
4.64
(0.19)
2.67
0.0293
1.54
Semi Deviation
N/A
0.8651
3.11
0.4274
0.0
0.0
0.2218
0.1266
0.0
N/A
Information Ratio
(3.23)
(0.08)
0.1395
0.0728
(0.31)
0.0247
(0.03)
0.0176
(0.86)
(0.09)
Value At Risk
(0.01)
(1.25)
(10.94)
(1.09)
(0.12)
(0.23)
(0.59)
(0.49)
(0.08)
(12.83)
Expected Short fall
N/A
(0.48)
(29.13)
(0.81)
(0.19)
(0.33)
(0.32)
(0.33)
(0.06)
N/A
Downside Deviation
N/A
0.8836
11.89
0.7228
0.25
0.1457
0.3795
0.3743
0.0586
N/A
Semi Variance
N/A
0.7484
9.68
0.1827
(0.01)
(0.07)
0.0492
0.016
(0.01)
N/A

ClearShares Ultra Competition Performance Charts

Five steps to successful analysis of ClearShares Ultra Competition

ClearShares Ultra'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 ClearShares Ultra Short in relation to its competition. ClearShares Ultra's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ClearShares Ultra 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 ClearShares Ultra's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ClearShares Ultra Short, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your ClearShares Ultra position

In addition to having ClearShares Ultra 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 Consumer Funds Thematic Idea Now

Consumer Funds
Consumer Funds Theme
Funds or Etfs that invest in consumer products such as packaged goods, clothing, food, beverages and retail services. The Consumer Funds theme has 40 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 Consumer Funds Theme or any other thematic opportunities.
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When determining whether ClearShares Ultra Short is a strong investment it is important to analyze ClearShares Ultra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ClearShares Ultra's future performance. For an informed investment choice regarding ClearShares Etf, refer to the following important reports:
How To Invest In ClearShares
Details
ETF Directory
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Largest Broad Debt ETFs Companies
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Largest Investment Grade ETFs Companies
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Check out ClearShares Ultra Correlation with its peers.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Investors evaluate ClearShares Ultra Short using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ClearShares Ultra's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause ClearShares Ultra's market price to deviate significantly from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between ClearShares Ultra's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding ClearShares Ultra should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, ClearShares Ultra's market price signifies the transaction level at which participants voluntarily complete trades.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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