AXS 2X Competition
| TARK Etf | USD 39.91 1.59 3.83% |
AXS 2X vs Starboard Investment Correlation
Good diversification
The correlation between AXS 2X Innovation and RHTX is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXS 2X Innovation and RHTX in the same portfolio, assuming nothing else is changed.
Moving together with AXS Etf
Moving against AXS Etf
AXS 2X Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between AXS 2X 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 AXS 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 AXS 2X Innovation does not affect the price movement of the other competitor.
High positive correlations
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AXS 2X Constituents Risk-Adjusted Indicators
There is a big difference between AXS Etf performing well and AXS 2X 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 AXS 2X'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FDTS | 0.72 | 0.28 | 0.34 | 0.50 | 0.26 | 2.02 | 4.06 | |||
| EBIT | 0.80 | 0.09 | 0.12 | 0.18 | 0.59 | 2.39 | 4.82 | |||
| JHDV | 0.53 | 0.05 | 0.03 | 0.16 | 0.61 | 1.05 | 2.97 | |||
| LBO | 1.05 | (0.15) | 0.00 | (0.03) | 0.00 | 2.17 | 7.23 | |||
| RHTX | 0.74 | 0.07 | 0.03 | 0.17 | 1.28 | 1.43 | 6.79 |
AXS 2X Competitive Analysis
The better you understand AXS 2X competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, AXS 2X'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 AXS 2X'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 |
AXS 2X Competition Performance Charts
Five steps to successful analysis of AXS 2X Competition
AXS 2X'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 AXS 2X Innovation in relation to its competition. AXS 2X's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of AXS 2X 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 AXS 2X's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to AXS 2X Innovation, 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 AXS 2X position
In addition to having AXS 2X 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 Plastics Thematic Idea Now
Plastics
Companies manufacturing rubber and plastics accessories. The Plastics theme has 40 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 Plastics Theme or any other thematic opportunities.
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Check out AXS 2X Correlation with its peers. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Understanding AXS 2X Innovation requires distinguishing between market price and book value, where the latter reflects AXS's accounting equity. The concept of intrinsic value - what AXS 2X's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push AXS 2X's price substantially above or below its fundamental value.
Please note, there is a significant difference between AXS 2X's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXS 2X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, AXS 2X's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.