VanEck Technology Competition
| TRUT Etf | 25.97 0.34 1.29% |
VanEck Technology vs WisdomTree New Correlation
Weak diversification
The correlation between VanEck Technology TruSector and WTRE is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Technology TruSector and WTRE in the same portfolio, assuming nothing else is changed.
Moving together with VanEck Etf
| 0.94 | VGT | Vanguard Information | PairCorr |
| 0.86 | XLK | Technology Select Sector | PairCorr |
| 0.93 | IYW | iShares Technology ETF | PairCorr |
Moving against VanEck Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
VanEck Technology Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between VanEck Technology 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 VanEck 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 VanEck Technology does not affect the price movement of the other competitor.
VanEck Technology Constituents Risk-Adjusted Indicators
There is a big difference between VanEck Etf performing well and VanEck Technology 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 VanEck Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OCTZ | 0.44 | (0.02) | (0.05) | 0.00 | 0.66 | 0.71 | 2.98 | |||
| LCDS | 0.53 | 0.00 | (0.01) | 0.03 | 0.79 | 0.94 | 3.74 | |||
| RAUS | 0.51 | 0.00 | (0.02) | 0.03 | 0.78 | 0.93 | 3.74 | |||
| RJMG | 0.72 | 0.06 | 0.03 | 0.53 | 0.84 | 1.53 | 4.16 | |||
| DUKQ | 0.58 | (0.02) | (0.03) | 0.01 | 0.79 | 1.31 | 3.23 | |||
| WFH | 0.99 | 0.11 | 0.05 | (0.81) | 1.27 | 1.83 | 6.54 | |||
| DECO | 2.17 | (0.16) | 0.00 | (0.07) | 0.00 | 4.70 | 12.96 | |||
| QLVE | 0.56 | 0.05 | 0.04 | 0.13 | 0.68 | 1.06 | 6.02 | |||
| WEEL | 0.31 | 0.02 | (0.02) | 0.09 | 0.33 | 0.66 | 2.25 | |||
| WTRE | 1.01 | (0.08) | 0.00 | (0.06) | 0.00 | 2.07 | 5.15 |
VanEck Technology Competitive Analysis
The better you understand VanEck Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, VanEck Technology'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 VanEck Technology'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 |
VanEck Technology Competition Performance Charts
Five steps to successful analysis of VanEck Technology Competition
VanEck Technology'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 VanEck Technology in relation to its competition. VanEck Technology's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of VanEck Technology 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 VanEck Technology's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to VanEck Technology, 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.
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Check out VanEck Technology Correlation with its peers. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
VanEck Technology's market price often diverges from its book value, the accounting figure shown on VanEck's balance sheet. Smart investors calculate VanEck Technology's intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since VanEck Technology's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between VanEck Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Technology'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.