Financial Select Competition
| XLF Etf | USD 53.94 0.32 0.59% |
Financial Select vs Health Care Correlation
Very weak diversification
The correlation between Financial Select Sector and XLV is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Select Sector and XLV in the same portfolio, assuming nothing else is changed.
Moving together with Financial Etf
| 0.99 | VFH | Vanguard Financials Index | PairCorr |
| 0.61 | KRE | SPDR SP Regional Aggressive Push | PairCorr |
| 0.65 | KBE | SPDR SP Bank Sell-off Trend | PairCorr |
| 0.97 | IYF | iShares Financials ETF | PairCorr |
Moving against Financial Etf
Financial Select Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Financial 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 Financial 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 Financial Select Sector does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Financial Select Constituents Risk-Adjusted Indicators
There is a big difference between Financial Etf performing well and Financial 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 Financial 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPYG | 0.78 | (0.06) | 0.00 | (3.45) | 0.00 | 1.29 | 5.81 | |||
| IWR | 0.66 | 0.03 | 0.03 | 0.12 | 0.68 | 1.61 | 3.48 | |||
| IWB | 0.57 | (0.03) | (0.06) | 0.05 | 0.76 | 1.16 | 3.52 | |||
| VDIGX | 0.51 | 0.01 | (0.03) | 0.10 | 0.48 | 1.12 | 3.27 | |||
| IXUS | 0.59 | 0.12 | 0.11 | 0.25 | 0.52 | 1.33 | 3.22 | |||
| IVE | 0.51 | 0.03 | 0.01 | 0.13 | 0.47 | 1.05 | 3.06 | |||
| SCHF | 0.62 | 0.14 | 0.14 | 0.27 | 0.57 | 1.46 | 3.01 | |||
| VONG | 0.74 | (0.13) | 0.00 | (0.08) | 0.00 | 1.39 | 4.70 | |||
| DIA | 0.63 | 0.01 | 0.01 | 0.09 | 0.64 | 1.27 | 3.18 | |||
| XLV | 0.73 | 0.05 | 0.03 | 0.17 | 0.60 | 1.97 | 3.98 |
Financial Select Competitive Analysis
The better you understand Financial Select competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Financial 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 Financial 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 |
Financial Select Competition Performance Charts
Five steps to successful analysis of Financial Select Competition
Financial 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 Financial Select Sector in relation to its competition. Financial Select's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Financial 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 Financial Select's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Financial 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 Financial Select position
In addition to having Financial 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 Treasury ETFs Thematic Idea Now
Treasury ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Treasury ETFs theme has 131 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 Treasury ETFs Theme or any other thematic opportunities.
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Check out Financial Select Correlation with its peers. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of Financial Select Sector is measured differently than its book value, which is the value of Financial that is recorded on the company's balance sheet. Investors also form their own opinion of Financial Select's value that differs from its market value or its book value, called intrinsic value, which is Financial Select's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Financial Select's market value can be influenced by many factors that don't directly affect Financial 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 Financial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Financial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Financial Select's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.