Consumer Staples Competition
| XLP Etf | USD 89.42 0.21 0.24% |
Consumer Staples vs IShares Russell Correlation
Very weak diversification
The correlation between Consumer Staples Select and IWO is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples Select and IWO in the same portfolio, assuming nothing else is changed.
Moving together with Consumer Etf
| 0.98 | VDC | Vanguard Consumer Staples | PairCorr |
| 0.96 | IYK | iShares Consumer Staples | PairCorr |
| 0.99 | KXI | iShares Global Consumer | PairCorr |
| 1.0 | FSTA | Fidelity MSCI Consumer | PairCorr |
Moving against Consumer Etf
Consumer Staples Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Consumer Staples 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 Consumer 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 Consumer Staples Select does not affect the price movement of the other competitor.
Consumer Staples Constituents Risk-Adjusted Indicators
There is a big difference between Consumer Etf performing well and Consumer Staples 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 Consumer Staples' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VONV | 0.55 | 0.07 | 0.08 | 0.16 | 0.47 | 1.38 | 3.01 | |||
| SPMD | 0.72 | 0.06 | 0.07 | 0.13 | 0.68 | 1.87 | 3.78 | |||
| IWS | 0.64 | 0.06 | 0.07 | 0.14 | 0.60 | 1.63 | 3.47 | |||
| DGRW | 0.46 | 0.02 | 0.00 | 0.10 | 0.50 | 1.12 | 2.88 | |||
| SPEM | 0.59 | 0.07 | 0.06 | 0.20 | 0.56 | 1.33 | 4.12 | |||
| VFH | 0.76 | (0.09) | 0.00 | (0.02) | 0.00 | 1.45 | 4.47 | |||
| ESGU | 0.60 | (0.05) | (0.07) | 0.01 | 0.85 | 1.14 | 3.72 | |||
| VHT | 0.73 | 0.04 | 0.02 | 0.13 | 0.59 | 1.94 | 3.84 | |||
| VHCIX | 0.73 | 0.04 | 0.02 | 0.14 | 0.63 | 1.96 | 4.43 | |||
| IWO | 1.08 | (0.04) | (0.01) | 0.04 | 1.39 | 2.02 | 4.96 |
Consumer Staples Competitive Analysis
The better you understand Consumer Staples competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Consumer Staples' 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 Consumer Staples' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Consumer Staples Competition Performance Charts
Five steps to successful analysis of Consumer Staples Competition
Consumer Staples' 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 Consumer Staples Select in relation to its competition. Consumer Staples' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Consumer Staples 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 Consumer Staples' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Consumer Staples Select, 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 Consumer Staples position
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Check out Consumer Staples Correlation with its peers. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of Consumer Staples Select is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Staples' value that differs from its market value or its book value, called intrinsic value, which is Consumer Staples' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Consumer Staples' market value can be influenced by many factors that don't directly affect Consumer Staples' 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 Consumer Staples' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Staples is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Consumer Staples' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.