Industrial Select Competition
| XLI Etf | USD 142.65 1.96 1.39% |
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Industrial |
Industrial Select Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Industrial 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 Industrial 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 Industrial Select Sector does not affect the price movement of the other competitor.
| 0.18 | 0.02 | 0.1 | 0.63 | XLB | ||
| 0.18 | -0.61 | -0.82 | 0.33 | XLY | ||
| 0.02 | -0.61 | 0.72 | -0.08 | XLP | ||
| 0.1 | -0.82 | 0.72 | -0.27 | XLV | ||
| 0.63 | 0.33 | -0.08 | -0.27 | XLU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Industrial Select Constituents Risk-Adjusted Indicators
There is a big difference between Industrial Etf performing well and Industrial 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 Industrial 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XLB | 0.69 | 0.01 | (0.12) | 0.27 | 0.82 | 1.37 | 3.77 | |||
| XLY | 0.88 | 0.25 | 0.13 | 36.65 | 0.71 | 2.02 | 4.68 | |||
| XLP | 0.50 | (0.01) | (0.18) | 0.04 | 0.63 | 0.79 | 2.42 | |||
| XLV | 0.53 | (0.12) | 0.00 | (5.37) | 0.00 | 0.74 | 2.88 | |||
| XLU | 0.78 | 0.10 | 0.01 | 0.68 | 0.84 | 1.74 | 4.95 |
Industrial Select Competitive Analysis
The better you understand Industrial Select competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Industrial 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 Industrial 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 |
Industrial Select Competition Performance Charts
Five steps to successful analysis of Industrial Select Competition
Industrial 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 Industrial Select Sector in relation to its competition. Industrial Select's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Industrial 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 Industrial Select's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Industrial 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.
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Check out Industrial Select Correlation with its peers. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Industrial Select Sector is measured differently than its book value, which is the value of Industrial that is recorded on the company's balance sheet. Investors also form their own opinion of Industrial Select's value that differs from its market value or its book value, called intrinsic value, which is Industrial Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Industrial Select's market value can be influenced by many factors that don't directly affect Industrial 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 Industrial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Industrial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Industrial Select'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.