GraniteShares XOUT Competition

Etfs . USA . 
Etf . GraniteShares XOUT Large
XOUT Etf  USD 57.21  0.33  0.57%   
GraniteShares XOUT Large competes with Invesco Dynamic, Perella Weinberg, HUMANA, Barloworld, and Morningstar Unconstrained; as well as few others. Analyzing GraniteShares XOUT competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of GraniteShares XOUT to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out GraniteShares XOUT Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of GraniteShares XOUT competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GraniteShares XOUT'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.
Hype
Prediction
LowEstimatedHigh
56.1257.2658.40
Details
Intrinsic
Valuation
LowRealHigh
55.1856.3257.46
Details

GraniteShares XOUT Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between GraniteShares XOUT 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 GraniteShares 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 GraniteShares XOUT Large does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
PWP
+ 0.93
PWV
VIASP
+ 0.72
PWP
LBHIX
+ 0.67
MSTSX
MSTSX
+ 0.61
PWV
VIASP
+ 0.58
PWV
LBHIX
+ 0.55
PWV
  
High negative correlations   
VIASP
- 0.79
SCAXF
SCAXF
- 0.69
PWP
444859BR2
- 0.69
PWP
444859BR2
- 0.65
PWV
LBHIX
- 0.58
444859BR2
SCAXF
- 0.58
PWV

GraniteShares XOUT Constituents Risk-Adjusted Indicators

There is a big difference between GraniteShares Etf performing well and GraniteShares XOUT 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 GraniteShares XOUT'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PWV  0.56 (0.02)(0.05) 0.10  0.46 
(0.72)
 1.23 
(1.07)
 4.54 
PWP  2.00  0.06  0.15  0.14  1.74 
(2.35)
 3.77 
(3.16)
 22.05 
444859BR2  1.31  0.03  0.00  0.07  0.00 
 0.00 
 5.93 
(4.56)
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.13) 0.00  0.01  0.00 
 0.00 
 0.00 
(2.98)
 34.02 
MSTSX  0.48 (0.05)(0.15) 0.04  0.53 
(0.58)
 1.03 
(1.02)
 2.80 
ABHYX  0.17  0.00 (0.25) 0.08  0.26 
(0.23)
 0.34 
(0.33)
 1.91 
LBHIX  0.11  0.01 (0.40) 0.46  0.00 
(0.29)
 0.24 
(0.24)
 0.96 
SCAXF  0.70 (0.41) 0.00 (0.99) 0.00 
 0.00 
 0.00 
 0.00 
 23.47 
VIASP  0.74  0.08 (0.03)(2.22) 1.13 
(0.80)
 2.28 
(1.20)
 7.18 
All Fundamental Data

GraniteShares XOUT Competitive Analysis

The better you understand GraniteShares XOUT competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, GraniteShares XOUT'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 GraniteShares XOUT'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
XOUT PWV PWP 444859BR2 AQUI BRRAY MSTSX ABHYX LBHIX SCAXF
 0.57 
 57.21 
GraniteShares
 0.02 
 61.69 
Invesco
 0.97 
 25.59 
Perella
 1.70 
 80.35 
HUMANA
 0.00 
 0.01 
Aquagold
 0.00 
 4.23 
Barloworld
 1.28 
 11.88 
Morningstar
 0.33 
 8.96 
High-yield
 0.23 
 4.25 
Thrivent
 0.00 
 0.01 
Sparta
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Not too volatile
Very steady
Very steady
Relatively risky
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
OK
OK
Good
Very Weak
Very Weak
Very Weak
Modest
Insignificant
Good
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Below Average
Below Average
Average
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Under Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Buy
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Hold
Strong Hold
Strong Sell
Strong Sell
Hold
Strong Hold
Cautious Hold
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
1.62
N/A
N/A
1.49
N/A
N/A
N/A
0.62
Net Asset
79.46 M
710.98 M
761.11 M
N/A
3.19 K
54.41 B
116.1 M
672.37 M
674.44 M
3.06 M
EBITDA
N/A
N/A
(97.86 M)
N/A
(727.69 K)
2.77 B
N/A
N/A
N/A
(21.53 K)
Operating Margin
N/A
N/A
0.13
N/A
N/A
0.1
N/A
N/A
N/A
-0.15
Five Year Return
16.5
11.2
N/A
N/A
N/A
3.98
8.6
1.69
3.31
N/A
One Year Return
36.7
31.1
N/A
N/A
N/A
N/A
19.87
11.13
11.68
N/A
Beta
1.08
0.78
1.49
N/A
7.05
0.63
N/A
N/A
N/A
1.75
Number Of Employees
N/A
1
700
N/A
7
36
1
1
1
8
Three Year Return
8.9
11.5
N/A
N/A
N/A
N/A
7.0
-0.63
2.59
N/A
Cash Flow From Operations
N/A
N/A
145.88 M
N/A
(218.19 K)
1.89 B
N/A
N/A
N/A
210.37 K
Total Debt
N/A
N/A
175.9 M
N/A
N/A
8.64 B
N/A
N/A
N/A
125 K
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
22.72
2.0
92.23
N/A
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
Return On Asset
N/A
2.61
-0.23
N/A
-5.5
0.047
N/A
N/A
N/A
-0.21
Current Liabilities
N/A
N/A
N/A
N/A
794 K
13.9 B
N/A
N/A
N/A
N/A
Debt To Equity
N/A
N/A
0.38
N/A
N/A
0.68
N/A
N/A
N/A
101.0
Short Ratio
N/A
N/A
9.9
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
86.65
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
1.27 B
2.32 B
N/A
96.58 K
955.54 M
50.36 M
N/A
N/A
7.72 M
Price To Earning
N/A
3.72
N/A
N/A
-0.22
9.18
N/A
N/A
35.48
19.55
Price To Sales
N/A
1.18
2.68
N/A
N/A
0.0285
N/A
N/A
1.23
0.63
Net Income
N/A
10.89 M
(17.22 M)
N/A
(627.79 K)
2.04 B
N/A
N/A
N/A
(609.44 K)
Shares Owned By Insiders
N/A
N/A
2.57
N/A
N/A
N/A
N/A
N/A
N/A
9.51
Revenue
N/A
13.61 M
648.65 M
N/A
N/A
39.38 B
N/A
N/A
N/A
5.19 M
Year To Date Return
N/A
N/A
N/A
N/A
N/A
N/A
13.69
6.09
6.69
N/A
Working Capital
N/A
N/A
371.39 M
N/A
(794 K)
11.95 B
N/A
N/A
N/A
N/A
Profit Margin
N/A
0.71
-0.11
N/A
N/A
0.0519
N/A
N/A
N/A
-0.1
Price To Book
N/A
2.03
5.89
N/A
N/A
0.99
N/A
N/A
1.58
34.42
Current Valuation
N/A
N/A
1.37 B
N/A
912.76 K
1.11 B
N/A
N/A
N/A
5.73 M
Retained Earnings
N/A
N/A
(54.65 M)
N/A
(4.18 M)
13.37 B
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
25.84 B
N/A
N/A
N/A
N/A
Equity Positions Weight
99.88
99.98
N/A
N/A
N/A
N/A
61.63
N/A
0.07
N/A
Cash Position Weight
N/A
N/A
N/A
N/A
N/A
N/A
14.28
0.1
6.56
N/A
Shares Outstanding
N/A
N/A
58.84 M
N/A
965.83 K
185.7 M
N/A
N/A
N/A
233.95 M
Annual Yield
N/A
N/A
0.0108
N/A
N/A
0.0543
0.021
0.0041
0.0617
N/A
Return On Equity
N/A
3.0E-4
-0.65
N/A
N/A
0.0588
N/A
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
37.6
Number Of Shares Shorted
N/A
N/A
2.98 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Book Value Per Share
N/A
N/A
-6.33
N/A
-1.18
99.76
N/A
N/A
N/A
-0.002
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2 K
N/A
Total Asset
79.46 M
710.98 M
761.11 M
N/A
3.19 K
54.41 B
215.11 M
243.16 M
347.66 M
3.06 M
Last Dividend Paid
0.064
0.25
0.28
N/A
N/A
4.6
N/A
0.03
0.02
N/A
Target Price
N/A
N/A
27.25
N/A
N/A
7.68
N/A
N/A
N/A
N/A
Earnings Per Share
N/A
2.06
-2.1
N/A
-0.63
0.35
N/A
N/A
N/A
-0.003
Ten Year Return
N/A
9.4
N/A
N/A
N/A
N/A
N/A
4.84
6.0
N/A
Cash And Equivalents
N/A
N/A
150.29 M
N/A
1.15 K
5.11 B
N/A
N/A
N/A
909.32 K
Cash Per Share
N/A
N/A
1.74
N/A
N/A
25.52
N/A
N/A
N/A
N/A
Gross Profit
N/A
28.65 M
618.2 M
N/A
(143.88 K)
5.12 B
N/A
N/A
N/A
3.68 M
Day Typical Price
57.05
61.55
25.46
80.35
0.006
4.23
11.88
8.96
4.25
0.015
Accumulation Distribution
0.0082
122.0
21628.52
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Facilitation Index
0.47
0.0
0.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
(0.70)
0.0238
(0.28)
(9,223,372,036,855)
0.0
0.0
9.2 T
(9,223,372,036,855)
(9,223,372,036,855)
0.0
Period Momentum Indicator
(0.33)
0.01
(0.25)
(1.39)
N/A
N/A
0.15
(0.03)
(0.01)
N/A
Rate Of Daily Change
0.99
1.0
0.99
0.98
1.0
1.0
1.01
1.0
1.0
1.0
Day Median Price
56.98
61.48
25.4
80.35
0.006
4.23
11.88
8.96
4.25
0.015
Price Action Indicator
0.07
0.21
0.07
(0.70)
N/A
N/A
0.075
(0.01)
(0.01)
N/A
Coefficient Of Variation
848.35
781.28
703.76
(5,956)
N/A
25169.77
1873.74
2046.85
584.89
(812.40)
Mean Deviation
0.805
0.5609
2.0
1.31
N/A
1.27
0.4801
0.1662
0.1098
0.7004
Jensen Alpha
0.1133
(0.02)
0.0634
0.0322
N/A
(0.13)
(0.05)
(0)
0.014
(0.41)
Total Risk Alpha
(0.05)
(0.03)
(0.05)
(0.45)
N/A
(0.65)
(0.07)
(0.04)
(0.01)
(0.81)
Sortino Ratio
0.004
(0.05)
0.1474
N/A
N/A
N/A
(0.15)
(0.25)
(0.40)
N/A
Downside Variance
1.8
0.3285
4.42
N/A
N/A
N/A
0.4204
0.2181
0.0625
N/A
Standard Deviation
1.14
0.7739
3.09
2.57
N/A
4.2
0.6193
0.2865
0.1688
2.89
Kurtosis
1.74
5.69
15.42
5.86
N/A
11.15
0.0373
8.65
3.71
66.0
Potential Upside
1.71
1.23
3.77
5.93
N/A
N/A
1.03
0.3382
0.2375
N/A
Treynor Ratio
1.36
0.1004
0.1392
0.0739
N/A
0.0057
0.0382
0.0836
0.4625
(0.99)
Maximum Drawdown
5.81
4.54
22.05
16.62
N/A
34.02
2.8
1.91
0.9552
23.47
Variance
1.29
0.5989
9.53
6.61
N/A
17.65
0.3836
0.0821
0.0285
8.35
Market Risk Adjusted Performance
1.37
0.1104
0.1492
0.0839
N/A
0.0157
0.0482
0.0936
0.4725
(0.98)
Risk Adjusted Performance
0.0934
0.0979
0.1161
(0.01)
N/A
0.0112
0.0384
0.0207
0.0954
(0.09)
Skewness
(0.76)
1.44
2.84
1.06
N/A
0.4951
0.0305
(1.72)
1.16
(8.12)
Semi Deviation
1.08
0.4568
1.74
N/A
N/A
N/A
0.5304
0.2597
0.0
N/A
Information Ratio
0.0048
(0.04)
0.1004
(0.07)
N/A
(0.03)
(0.15)
(0.40)
(0.59)
(0.17)
Value At Risk
(1.69)
(1.07)
(3.16)
(4.56)
N/A
(2.98)
(1.02)
(0.33)
(0.24)
N/A
Expected Short fall
(0.87)
(0.72)
(2.35)
N/A
N/A
N/A
(0.58)
(0.23)
(0.29)
N/A
Downside Deviation
1.34
0.5731
2.1
N/A
N/A
N/A
0.6484
0.467
0.25
N/A
Semi Variance
1.18
0.2086
3.03
N/A
N/A
N/A
0.2813
0.0674
(0.02)
N/A

GraniteShares XOUT Competition Performance Charts

Five steps to successful analysis of GraniteShares XOUT Competition

GraniteShares XOUT'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 GraniteShares XOUT Large in relation to its competition. GraniteShares XOUT's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of GraniteShares XOUT 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 GraniteShares XOUT's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to GraniteShares XOUT Large, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your GraniteShares XOUT position

In addition to having GraniteShares XOUT 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.

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Oil And Gas
Oil And Gas Theme
Companies involved in drilling, production, and distribution of oil and gas pipelines. The Oil And Gas theme has 44 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 Oil And Gas Theme or any other thematic opportunities.
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When determining whether GraniteShares XOUT Large is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if GraniteShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Graniteshares Xout Large Etf. Highlighted below are key reports to facilitate an investment decision about Graniteshares Xout Large Etf:
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The market value of GraniteShares XOUT Large is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares XOUT's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares XOUT'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 GraniteShares XOUT's market value can be influenced by many factors that don't directly affect GraniteShares XOUT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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M Score
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Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
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Please note, there is a significant difference between GraniteShares XOUT's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares XOUT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares XOUT'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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