Wahed Dow Competition
| UMMA Etf | USD 31.93 0.49 1.51% |
Wahed Dow vs AB Low Correlation
Poor diversification
The correlation between Wahed Dow Jones and LOWV is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wahed Dow Jones and LOWV in the same portfolio, assuming nothing else is changed.
Moving together with Wahed Etf
| 0.84 | EFG | iShares MSCI EAFE | PairCorr |
| 0.69 | VIGI | Vanguard International | PairCorr |
| 0.68 | IHDG | WisdomTree International | PairCorr |
| 0.98 | GRIN | VictoryShares International | PairCorr |
| 0.91 | CGXU | Capital Group Intern | PairCorr |
Moving against Wahed Etf
Wahed Dow Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Wahed Dow 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 Wahed 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 Wahed Dow Jones does not affect the price movement of the other competitor.
Wahed Dow Constituents Risk-Adjusted Indicators
There is a big difference between Wahed Etf performing well and Wahed Dow 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 Wahed Dow'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRIN | 0.79 | 0.11 | 0.07 | 0.40 | 0.86 | 1.43 | 4.22 | |||
| IBUY | 0.90 | (0.01) | (0.04) | (0.04) | 1.33 | 2.21 | 5.68 | |||
| MSTB | 0.51 | (0.03) | 0.00 | (0.22) | 0.00 | 0.87 | 3.61 | |||
| ADPV | 1.31 | 0.13 | 0.04 | 4.95 | 1.67 | 2.23 | 8.23 | |||
| AESR | 1.37 | 0.14 | 0.02 | 2.87 | 3.73 | 1.30 | 42.89 | |||
| AUGW | 0.19 | 0.02 | (0.10) | 1.07 | 0.23 | 0.47 | 1.43 | |||
| GEW | 0.48 | 0.06 | 0.01 | 0.90 | 0.63 | 0.89 | 2.79 | |||
| TMFM | 0.77 | (0.07) | 0.00 | (0.02) | 0.00 | 1.55 | 4.58 | |||
| ESN | 0.49 | 0.09 | 0.07 | 9.62 | 0.45 | 1.03 | 2.27 | |||
| LOWV | 0.53 | 0.00 | (0.06) | 0.03 | 0.73 | 0.93 | 3.42 |
Wahed Dow Competitive Analysis
The better you understand Wahed Dow competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Wahed Dow'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 Wahed Dow'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 |
Wahed Dow Competition Performance Charts
Five steps to successful analysis of Wahed Dow Competition
Wahed Dow'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 Wahed Dow Jones in relation to its competition. Wahed Dow's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Wahed Dow 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 Wahed Dow's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Wahed Dow Jones, 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 Wahed Dow position
In addition to having Wahed Dow 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 Consumer Discretionary ETFs Thematic Idea Now
Consumer Discretionary ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Consumer Discretionary ETFs theme has 32 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 Consumer Discretionary ETFs Theme or any other thematic opportunities.
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Check out Wahed Dow Correlation with its peers. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Wahed Dow Jones's market price often diverges from its book value, the accounting figure shown on Wahed's balance sheet. Smart investors calculate Wahed Dow's intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since Wahed Dow'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 Wahed Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed Dow'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.