SMI 3Fourteen Competition
| RAA Etf | 28.18 0.32 1.15% |
SMI 3Fourteen vs VanEck Vietnam Correlation
Poor diversification
The correlation between SMI 3Fourteen REAL and VNM is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMI 3Fourteen REAL and VNM in the same portfolio, assuming nothing else is changed.
Moving together with SMI Etf
SMI 3Fourteen Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SMI 3Fourteen 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 SMI 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 SMI 3Fourteen REAL does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
SMI 3Fourteen Competition Risk-Adjusted Indicators
There is a big difference between SMI Etf performing well and SMI 3Fourteen 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 SMI 3Fourteen'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 | 1.42 | (0.24) | 0.00 | (0.13) | 0.00 | 3.16 | 13.46 | |||
| MSFT | 1.01 | (0.23) | 0.00 | (0.50) | 0.00 | 1.65 | 4.90 | |||
| UBER | 1.48 | (0.23) | 0.00 | (0.20) | 0.00 | 2.60 | 10.23 | |||
| F | 1.49 | 0.10 | 0.10 | 0.16 | 1.32 | 3.69 | 16.30 | |||
| T | 0.88 | (0.19) | 0.00 | (0.46) | 0.00 | 1.53 | 4.30 | |||
| A | 1.19 | (0.15) | 0.00 | (0.02) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.57 | (0.20) | 0.00 | (0.06) | 0.00 | 3.59 | 12.37 | |||
| JPM | 1.12 | (0.09) | (0.03) | 0.03 | 1.69 | 2.00 | 7.38 | |||
| MRK | 1.24 | 0.33 | 0.22 | 0.53 | 1.06 | 3.59 | 8.09 | |||
| XOM | 1.06 | 0.27 | 0.15 | 3.31 | 0.96 | 2.38 | 5.82 |
SMI 3Fourteen Competitive Analysis
The better you understand SMI 3Fourteen competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SMI 3Fourteen'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 SMI 3Fourteen'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 |
SMI 3Fourteen Competition Performance Charts
Five steps to successful analysis of SMI 3Fourteen Competition
SMI 3Fourteen'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 SMI 3Fourteen REAL in relation to its competition. SMI 3Fourteen's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SMI 3Fourteen 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 SMI 3Fourteen's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SMI 3Fourteen REAL, 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 SMI 3Fourteen position
In addition to having SMI 3Fourteen 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 Tech Growth Thematic Idea Now
Tech Growth
Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 57 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 Tech Growth Theme or any other thematic opportunities.
| View All Next | Launch |
Check out SMI 3Fourteen Correlation with its peers. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
The market value of SMI 3Fourteen REAL is measured differently than its book value, which is the value of SMI that is recorded on the company's balance sheet. Investors also form their own opinion of SMI 3Fourteen's value that differs from its market value or its book value, called intrinsic value, which is SMI 3Fourteen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SMI 3Fourteen's market value can be influenced by many factors that don't directly affect SMI 3Fourteen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SMI 3Fourteen's value and its price as these two are different measures arrived at by different means. Investors typically determine if SMI 3Fourteen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SMI 3Fourteen'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.