ZGEN Competition
| ZGEN Etf | USD 19.92 0.05 0.25% |
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ZGEN |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZGEN'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.
ZGEN Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ZGEN 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 ZGEN 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 ZGEN does not affect the price movement of the other competitor.
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High positive correlations
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ZGEN Constituents Risk-Adjusted Indicators
There is a big difference between ZGEN Etf performing well and ZGEN 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 ZGEN'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZGEN | 2.78 | 1.23 | 0.51 | 51.20 | 1.26 | 3.52 | 69.16 | |||
| DHDG | 0.25 | 0.02 | (0.14) | 0.20 | 0.23 | 0.53 | 2.01 | |||
| Z | 2.12 | 0.68 | 0.27 | 11.32 | 1.54 | 4.77 | 25.67 | |||
| MBCC | 0.51 | 0.03 | (0.01) | 0.16 | 0.46 | 1.05 | 3.36 | |||
| MBBB | 0.25 | (0.01) | 0.00 | (0.31) | 0.00 | 0.51 | 1.54 | |||
| BZDYF | 0.28 | 0.14 | 0.00 | (0.63) | 0.00 | 0.82 | 6.11 | |||
| MBOX | 0.56 | (0.04) | (0.09) | 0.07 | 0.50 | 1.25 | 3.49 | |||
| MBNE | 0.13 | 0.00 | (0.52) | 0.06 | 0.16 | 0.27 | 0.92 | |||
| MBND | 0.16 | 0.02 | (0.39) | (0.05) | 0.19 | 0.43 | 1.49 |
ZGEN Competitive Analysis
The better you understand ZGEN competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ZGEN'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 ZGEN'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 |
ZGEN Competition Performance Charts
Five steps to successful analysis of ZGEN Competition
ZGEN'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 ZGEN in relation to its competition. ZGEN's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ZGEN 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 ZGEN's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ZGEN, 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 ZGEN position
In addition to having ZGEN 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 Construction Thematic Idea Now
Construction
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction theme has 61 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 Construction Theme or any other thematic opportunities.
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Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of ZGEN is measured differently than its book value, which is the value of ZGEN that is recorded on the company's balance sheet. Investors also form their own opinion of ZGEN's value that differs from its market value or its book value, called intrinsic value, which is ZGEN'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 ZGEN's market value can be influenced by many factors that don't directly affect ZGEN'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 ZGEN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZGEN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZGEN'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.