Energy Select Competition
| XLE Etf | USD 55.18 0.40 0.73% |
Energy Select vs SPDR SP Correlation
Very poor diversification
The correlation between Energy Select Sector and ESIX is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Select Sector and ESIX in the same portfolio, assuming nothing else is changed.
Moving together with Energy Etf
Energy Select Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Energy Select 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 Energy 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 Energy Select Sector does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Energy Select Constituents Risk-Adjusted Indicators
There is a big difference between Energy Etf performing well and Energy Select 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 Energy Select'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EZJ | 1.71 | 0.28 | 0.15 | 0.20 | 1.72 | 4.28 | 11.92 | |||
| BRAZ | 1.26 | 0.25 | 0.11 | 0.38 | 1.78 | 2.53 | 9.07 | |||
| MAPP | 0.45 | 0.04 | 0.03 | 0.13 | 0.50 | 0.81 | 2.87 | |||
| SCDS | 0.80 | 0.12 | 0.13 | 0.16 | 0.69 | 2.31 | 4.82 | |||
| DIVG | 0.58 | 0.12 | 0.16 | 0.23 | 0.40 | 1.54 | 3.19 | |||
| UGE | 1.27 | 0.36 | 0.28 | 1.17 | 0.80 | 2.97 | 6.91 | |||
| BNKD | 2.90 | (0.21) | 0.00 | 0.11 | 0.00 | 6.26 | 17.58 | |||
| RITA | 0.51 | 0.07 | 0.05 | 0.24 | 0.51 | 1.26 | 3.09 | |||
| ESIX | 0.91 | 0.14 | 0.09 | (2.51) | 0.88 | 2.66 | 6.36 |
Energy Select Competitive Analysis
The better you understand Energy Select competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Energy Select'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 Energy Select'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 |
Energy Select Competition Performance Charts
Five steps to successful analysis of Energy Select Competition
Energy Select'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 Energy Select Sector in relation to its competition. Energy Select's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Energy Select 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 Energy Select's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Energy Select Sector, 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 Energy Select position
In addition to having Energy Select 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 Most Shorted Equities Thematic Idea Now
Most Shorted Equities
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 244 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 Most Shorted Equities Theme or any other thematic opportunities.
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Check out Energy Select Correlation with its peers. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of Energy Select Sector is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Select's value that differs from its market value or its book value, called intrinsic value, which is Energy Select's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Energy Select's market value can be influenced by many factors that don't directly affect Energy Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Energy Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Energy Select's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.