Invesco Galaxy Competition

QSOL Etf

10.09 0.34 3.26%

Invesco Galaxy Solana competes with CoinShares Altcoins, Grayscale Funds, VanEck Solana, ProShares Trust, and Hashdex Nasdaq; as well as few others. Analyzing Invesco Galaxy 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 Invesco Galaxy to its intrinsic valuation because they are able to contrast its competitors on a relative basis. 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 board of governors.

Invesco Galaxy vs Grayscale Ethereum Correlation

Modest diversification

The correlation between Invesco Galaxy Solana and ETCO is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Galaxy Solana and ETCO in the same portfolio, assuming nothing else is changed.

Moving together with Invesco Etf

0.62	VTI	Vanguard Total Stock	Pair Corr
0.71	VTV	Vanguard Value Index	Pair Corr

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Invesco Galaxy Competition Correlation Matrix

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

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.21	-0.28	0.35	0.07	-0.51	0.08	0.24	0.28	0.37	META
MSFT	-0.21		0.72	-0.55	-0.07	0.43	0.56	0.03	-0.79	-0.79	MSFT
UBER	-0.28	0.72		-0.49	0.14	0.55	0.16	-0.16	-0.79	-0.55	UBER
F	0.35	-0.55	-0.49		-0.36	-0.31	-0.06	0.38	0.7	0.65	F
T	0.07	-0.07	0.14	-0.36		0.25	-0.42	-0.21	-0.15	-0.08	T
A	-0.51	0.43	0.55	-0.31	0.25		0.06	-0.05	-0.37	-0.6	A
CRM	0.08	0.56	0.16	-0.06	-0.42	0.06		0.64	-0.24	-0.59	CRM
JPM	0.24	0.03	-0.16	0.38	-0.21	-0.05	0.64		0.25	-0.14	JPM
MRK	0.28	-0.79	-0.79	0.7	-0.15	-0.37	-0.24	0.25		0.7	MRK
XOM	0.37	-0.79	-0.55	0.65	-0.08	-0.6	-0.59	-0.14	0.7		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

UBER	+ 0.72	MSFT
MRK	+ 0.7	F
XOM	+ 0.7	MRK
XOM	+ 0.65	F
JPM	+ 0.64	CRM
CRM	+ 0.56	MSFT

High negative correlations

MRK	- 0.79	UBER
XOM	- 0.79	MSFT
MRK	- 0.79	MSFT
XOM	- 0.6	A
XOM	- 0.59	CRM
XOM	- 0.55	UBER

Invesco Galaxy Competition Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Galaxy 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 Invesco Galaxy'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	1.66	(0.15)	0.00	(0.10)	0.00	0.00	3.43	(2.72)	13.36
MSFT	1.26	(0.41)	0.00	(2.17)	0.00	0.00	1.78	(2.74)	13.28
UBER	1.51	(0.33)	0.00	(0.37)	0.00	0.00	2.46	(3.82)	10.23
F	1.23	0.03	0.02	0.07	1.22	(1.48)	3.38	(2.35)	7.16
T	0.95	0.11	0.07	0.54	0.94	(1.05)	2.02	(1.76)	4.31
A	1.21	(0.17)	0.00	(0.09)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.65	(0.40)	0.00	(0.33)	0.00	0.00	2.94	(5.31)	12.37
JPM	1.13	0.00	0.01	0.04	1.63	(1.16)	2.18	(3.11)	7.38
MRK	1.30	0.43	0.30	0.61	1.09	(1.61)	3.59	(1.98)	8.09
XOM	1.14	0.33	0.22	(21.90)	0.99	(1.33)	2.41	(2.11)	5.85

Invesco Galaxy Competitive Analysis

The better you understand Invesco Galaxy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Invesco Galaxy'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 Invesco Galaxy'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

	QSOL	DIME	VAVX	DOJE	MNRS	VSOL	EETH	NCIQ	NEHI	ETCO
	3.26 10.09 Invesco	7.92 9.76 CoinShares	0.77 21.06 VanEck	7.43 10.09 DOJE	1.65 33.88 Grayscale	2.58 13.21 VanEck	1.04 28.60 ProShares	8.43 19.89 Hashdex	1.20 37.89 NEOS	13.21 13.93 Grayscale
Market Volatility (90 Days Market Risk)	Somewhat reliable	Slightly risky	Not too volatile	Slightly risky	Not too volatile	Somewhat reliable	Not too volatile	Not too volatile	Very steady	Somewhat reliable
Market Performance (90 Days Performance)	Weakest	Weakest	Weakest	Weakest	Weakest	Weakest	Weakest	Weakest	Weakest	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Unknown	Fair	Low	Low	Low	Low	Fair	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Fairly 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 Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell
Annual Yield	N/A	N/A	N/A	N/A	0.0054	N/A	0.0047	N/A	N/A	N/A
One Year Return	N/A	N/A	N/A	N/A	26.1	N/A	-23.1	N/A	N/A	N/A
Day Typical Price	10.07	9.79	20.69	10.14	33.8	13.12	27.96	20.0	37.19	14.1
Accumulation Distribution	1113.4	0.0192	396.19	0.0291	0.0528	7397.78	35640.21	0.0227	10212.41	0.036
Market Facilitation Index	0.0	0.19	3.0E-4	0.3	1.83	0.0	0.0	0.46	0.0	0.52
Daily Balance Of Power	(0.67)	(4.42)	0.1039	(2.70)	(0.31)	(0.41)	(0.11)	(3.98)	(0.14)	(4.08)
Period Momentum Indicator	(0.34)	(0.84)	0.16	(0.81)	(0.57)	(0.35)	(0.30)	(1.83)	(0.46)	(2.12)
Rate Of Daily Change	0.97	0.92	1.01	0.93	0.98	0.97	0.99	0.92	0.99	0.87
Day Median Price	10.07	9.81	20.5	10.16	33.77	13.07	27.64	20.05	36.84	14.19
Price Action Indicator	(0.15)	(0.47)	0.64	(0.48)	(0.17)	(0.04)	0.82	(1.07)	0.82	(1.32)
Relative Strength Index	N/A	36.12	N/A	38.11	43.17	N/A	33.49	34.69	N/A	31.76
Coefficient Of Variation	(763.80)	(833.18)	(237.40)	(960.50)	(1,007)	(1,355)	(737.13)	(571.22)	(620.87)	(797.88)
Mean Deviation	3.1	3.87	3.32	3.98	3.73	3.54	3.28	2.58	2.49	2.62
Jensen Alpha	(0.58)	(0.73)	(1.80)	(0.64)	(0.55)	(0.38)	(0.65)	(0.64)	(0.57)	(0.53)
Total Risk Alpha	(0.80)	(1.03)	(2.06)	(0.91)	(0.77)	(0.63)	(0.86)	(0.78)	(0.77)	(0.68)
Standard Deviation	4.18	5.69	4.28	5.56	4.79	4.72	4.36	3.3	3.46	3.64
Kurtosis	1.36	6.62	(0.72)	2.5	0.2535	0.6385	0.327	(0.12)	2.31	1.93
Potential Upside	5.64	8.21	3.62	10.07	8.29	8.9	6.17	4.84	4.1	4.16
Treynor Ratio	(1.09)	(0.82)	6.16	(0.47)	(0.31)	(0.64)	(0.57)	(0.52)	(18.20)	(0.30)
Maximum Drawdown	20.06	36.78	11.87	30.3	23.19	23.14	21.69	14.26	19.14	20.72
Variance	17.5	32.41	18.33	30.86	22.99	22.26	19.0	10.89	12.0	13.28
Market Risk Adjusted Performance	(1.08)	(0.81)	6.17	(0.46)	(0.30)	(0.63)	(0.56)	(0.51)	(18.19)	(0.29)
Risk Adjusted Performance	(0.09)	(0.08)	(0.30)	(0.07)	(0.06)	(0.05)	(0.09)	(0.12)	(0.11)	(0.08)
Skewness	(0.70)	1.75	(0.66)	1.22	0.2894	0.0374	(0.13)	0.042	(0.83)	(0.86)
Information Ratio	(0.14)	(0.13)	(0.43)	(0.11)	(0.11)	(0.09)	(0.15)	(0.19)	(0.18)	(0.14)
Value At Risk	(10.85)	(7.92)	(8.25)	(7.33)	(6.90)	(9.43)	(7.17)	(5.86)	(6.78)	(6.94)

Invesco Galaxy Competition Performance Charts

Five steps to successful analysis of Invesco Galaxy Competition

Invesco Galaxy'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 Invesco Galaxy Solana in relation to its competition. Invesco Galaxy's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Invesco Galaxy 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 Invesco Galaxy's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Invesco Galaxy Solana, 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 Invesco Galaxy position

In addition to having Invesco Galaxy 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.

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Money Market Funds

Funds or Etfs investing in various types of short-term (less than one year) fixed income instruments of high-quality and liquidity. The Money Market Funds theme has 43 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 Money Market Funds Theme or any other thematic opportunities.

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