SSGA Active Competition
| PRIV Etf | 25.41 0.02 0.08% |
SSGA Active vs Change Finance Correlation
Poor diversification
The correlation between SSGA Active Trust and CHGX is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSGA Active Trust and CHGX in the same portfolio, assuming nothing else is changed.
Moving together with SSGA Etf
| 0.75 | VTI | Vanguard Total Stock | PairCorr |
| 0.74 | SPY | SPDR SP 500 | PairCorr |
| 0.74 | IVV | iShares Core SP | PairCorr |
| 0.95 | BND | Vanguard Total Bond | PairCorr |
| 0.81 | VTV | Vanguard Value Index | PairCorr |
Moving against SSGA Etf
SSGA Active Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SSGA Active 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 SSGA 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 SSGA Active Trust does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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SSGA Active Competition Risk-Adjusted Indicators
There is a big difference between SSGA Etf performing well and SSGA Active 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 SSGA Active'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 |
SSGA Active Competitive Analysis
The better you understand SSGA Active competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SSGA Active'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 SSGA Active'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 |
SSGA Active Competition Performance Charts
Five steps to successful analysis of SSGA Active Competition
SSGA Active'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 SSGA Active Trust in relation to its competition. SSGA Active's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SSGA Active 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 SSGA Active's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SSGA Active 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 SSGA Active position
In addition to having SSGA Active 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 Oil And Gas Thematic Idea Now
Oil And Gas
Companies involved in drilling, production, and distribution of oil and gas pipelines. The Oil And Gas theme has 42 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 Oil And Gas Theme or any other thematic opportunities.
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Check out SSGA Active Correlation with its peers. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
SSGA Active Trust's market price often diverges from its book value, the accounting figure shown on SSGA's balance sheet. Smart investors calculate SSGA Active's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. Since SSGA Active'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 SSGA Active's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding SSGA Active should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, SSGA Active'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.