SMART Earnings Competition
| SGRT Etf | 27.63 0.16 0.58% |
SMART Earnings vs Transportation Fund Correlation
Very poor diversification
The correlation between SMART Earnings Growth and RYPIX is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMART Earnings Growth and RYPIX in the same portfolio, assuming nothing else is changed.
SMART Earnings Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SMART Earnings 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 SMART 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 SMART Earnings Growth does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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SMART Earnings Constituents Risk-Adjusted Indicators
There is a big difference between SMART Etf performing well and SMART Earnings 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 SMART Earnings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTMU | 0.07 | 0.02 | (0.34) | 2.16 | 0.00 | 0.15 | 0.46 | |||
| WTMY | 0.06 | 0.02 | (0.41) | 0.97 | 0.00 | 0.16 | 0.55 | |||
| WAISX | 0.67 | 0.00 | (0.02) | 0.06 | 0.87 | 1.28 | 3.59 | |||
| RSVIX | 0.52 | 0.02 | (0.03) | 0.20 | 0.53 | 1.71 | 5.33 | |||
| SSETX | 0.59 | 0.07 | 0.00 | (0.58) | 0.55 | 1.73 | 4.16 | |||
| CNPIX | 0.94 | 0.34 | 0.33 | 1.35 | 0.40 | 2.19 | 5.05 | |||
| RYAVX | 0.91 | 0.08 | 0.07 | 0.13 | 0.86 | 2.67 | 5.01 | |||
| RYVIX | 1.49 | 0.38 | 0.21 | 0.38 | 1.49 | 4.06 | 8.92 | |||
| BPI | 2.30 | (0.67) | 0.00 | (0.39) | 0.00 | 4.60 | 19.46 | |||
| RYPIX | 0.96 | 0.11 | 0.10 | 0.15 | 0.99 | 2.47 | 5.52 |
SMART Earnings Competitive Analysis
The better you understand SMART Earnings competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SMART Earnings' 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 SMART Earnings' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
SMART Earnings Competition Performance Charts
Five steps to successful analysis of SMART Earnings Competition
SMART Earnings' 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 SMART Earnings Growth in relation to its competition. SMART Earnings' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SMART Earnings 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 SMART Earnings' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SMART Earnings Growth, 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 SMART Earnings position
In addition to having SMART Earnings 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 Cigarettes Thematic Idea Now
Cigarettes
Tobacco makers and distributors across globe. The Cigarettes theme has 11 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 Cigarettes Theme or any other thematic opportunities.
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Check out SMART Earnings Correlation with its peers. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Understanding SMART Earnings Growth requires distinguishing between market price and book value, where the latter reflects SMART's accounting equity. The concept of intrinsic value - what SMART Earnings' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Market sentiment, economic cycles, and investor behavior can push SMART Earnings' price substantially above or below its fundamental value.
Please note, there is a significant difference between SMART Earnings' value and its price as these two are different measures arrived at by different means. Investors typically determine if SMART Earnings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, SMART Earnings' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.