Westwood Salient Competition
| WEEI Etf | 23.49 0.07 0.30% |
Westwood Salient vs Franklin Templeton Correlation
Almost no diversification
The correlation between Westwood Salient Enhanced and DIEM is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Salient Enhanced and DIEM in the same portfolio, assuming nothing else is changed.
Moving together with Westwood Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Salient'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.
Westwood Salient Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Westwood Salient 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 Westwood 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 Westwood Salient Enhanced does not affect the price movement of the other competitor.
Westwood Salient Constituents Risk-Adjusted Indicators
There is a big difference between Westwood Etf performing well and Westwood Salient 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 Westwood Salient'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCDF | 0.80 | (0.03) | (0.05) | 0.02 | 1.01 | 1.50 | 5.25 | |||
| STXI | 0.62 | 0.11 | 0.12 | 0.21 | 0.54 | 1.28 | 3.38 | |||
| FPWR | 0.56 | 0.12 | 0.10 | 0.53 | 0.44 | 1.43 | 3.14 | |||
| EWK | 0.52 | 0.16 | 0.20 | 0.53 | 0.25 | 1.05 | 3.12 | |||
| CAFG | 0.80 | 0.07 | 0.09 | 0.13 | 0.74 | 2.03 | 5.65 | |||
| PSCD | 1.10 | 0.13 | 0.17 | 0.17 | 0.77 | 2.95 | 6.76 | |||
| COPJ | 1.98 | 0.48 | 0.16 | 0.40 | 2.74 | 4.43 | 15.83 | |||
| STXM | 0.72 | 0.11 | 0.12 | 0.18 | 0.66 | 1.60 | 4.06 | |||
| ITDH | 0.53 | 0.04 | 0.04 | 0.13 | 0.59 | 1.01 | 3.59 | |||
| DIEM | 0.61 | 0.18 | 0.18 | 0.38 | 0.51 | 1.87 | 4.68 |
Westwood Salient Competitive Analysis
The better you understand Westwood Salient competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Westwood Salient'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 Westwood Salient'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 |
Westwood Salient Competition Performance Charts
Five steps to successful analysis of Westwood Salient Competition
Westwood Salient'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 Westwood Salient Enhanced in relation to its competition. Westwood Salient's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Westwood Salient 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 Westwood Salient's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Westwood Salient Enhanced, 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 Westwood Salient position
In addition to having Westwood Salient 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 Airlines Thematic Idea Now
Airlines
Domestic and international airlines and airline services. The Airlines theme has 21 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 Airlines Theme or any other thematic opportunities.
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Check out Westwood Salient Correlation with its peers. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Investors evaluate Westwood Salient Enhanced using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Westwood Salient's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause Westwood Salient's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Westwood Salient's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westwood Salient is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Westwood Salient's market price signifies the transaction level at which participants voluntarily complete trades.