PHD Competition
| PHD Etf | USD 10.12 0.00 0.00% |
PHD vs Royce Micro Correlation
Very poor diversification
The correlation between PHD and RMT is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PHD and RMT in the same portfolio, assuming nothing else is changed.
Moving together with PHD Etf
Moving against PHD Etf
PHD Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between PHD 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 PHD 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 PHD does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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PHD Competition Risk-Adjusted Indicators
There is a big difference between PHD Etf performing well and PHD 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 PHD'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 | 1.51 | 0.00 | (0.02) | 0.06 | 1.53 | 3.43 | 13.69 | |||
| MSFT | 1.32 | (0.36) | 0.00 | (0.92) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.50 | (0.46) | 0.00 | (0.90) | 0.00 | 2.41 | 11.09 | |||
| F | 1.22 | 0.07 | 0.05 | 0.14 | 1.20 | 3.34 | 7.16 | |||
| T | 1.02 | 0.23 | 0.17 | 3.71 | 0.77 | 3.87 | 5.31 | |||
| A | 1.27 | (0.30) | 0.00 | (0.17) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.68 | (0.41) | 0.00 | (0.35) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.26 | (0.15) | 0.00 | (0.04) | 0.00 | 2.34 | 7.38 | |||
| MRK | 1.35 | 0.49 | 0.35 | 0.77 | 0.97 | 3.59 | 8.74 | |||
| XOM | 1.24 | 0.36 | 0.22 | 1.65 | 1.11 | 2.68 | 6.83 |
PHD Competitive Analysis
The better you understand PHD competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, PHD'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 PHD'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 |
PHD Competition Performance Charts
Five steps to successful analysis of PHD Competition
PHD'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 PHD in relation to its competition. PHD's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of PHD 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 PHD's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to PHD, 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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of PHD is measured differently than its book value, which is the value of PHD that is recorded on the company's balance sheet. Investors also form their own opinion of PHD's value that differs from its market value or its book value, called intrinsic value, which is PHD's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because PHD's market value can be influenced by many factors that don't directly affect PHD'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 PHD's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding PHD should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, PHD's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.