Exchange Traded Competition

Etfs . USA . 
Etf . Exchange Traded Concepts
BNE Etf  USD 22.49  0.00  0.00%   
Exchange Traded Concepts competes with Invesco Global, SCOR PK, Morningstar Unconstrained, Thrivent High, and Via Renewables; as well as few others. Analyzing Exchange Traded 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 Exchange Traded to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities 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 board of governors.
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 Exchange Traded competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
21.6622.4723.28
Details
Intrinsic
Valuation
LowRealHigh
20.0420.8524.74
Details
Naive
Forecast
LowNextHigh
22.2123.0223.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.0122.3722.73
Details

Exchange Traded Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Exchange Traded 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 Exchange 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 Exchange Traded Concepts does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
XTWY
+ 0.91
XTWO
RWAYL
+ 0.85
SCRYY
RWAYL
+ 0.84
PSP
RWAYL
+ 0.83
VIASP
RWAYL
+ 0.78
70082LAB3
VIASP
+ 0.76
SCRYY
  
High negative correlations   
XTWY
- 0.75
70082LAB3
70082LAB3
- 0.7
XTWO
SVII
- 0.6
XTWO
RWAYL
- 0.59
XTWY
XTWY
- 0.55
PSP
XTWY
- 0.49
SVII

Exchange Traded Constituents Risk-Adjusted Indicators

There is a big difference between Exchange Etf performing well and Exchange Traded 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 Exchange Traded'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
PSP  0.81  0.05  0.06  0.16  0.69 
(0.91)
 1.97 
(1.47)
 5.25 
SCRYY  1.93  0.45  0.12 (0.71) 1.74 
(2.85)
 5.61 
(3.52)
 12.99 
MSTSX  0.45 (0.01)(0.11) 0.10  0.39 
(0.59)
 1.21 
(0.84)
 2.80 
LBHIX  0.10  0.01 (0.41) 0.24  0.00 
(0.25)
 0.24 
(0.24)
 0.71 
VIASP  0.75  0.10 (0.02)(1.58) 1.11 
(0.81)
 2.28 
(1.20)
 7.18 
XTWO  0.08 (0.01) 0.00  1.07  0.00 
 0.00 
 0.14 
(0.12)
 0.55 
SVII  0.18  0.00 (0.17) 0.24  0.39 
(0.29)
 0.44 
(0.53)
 4.77 
70082LAB3  0.70  0.09 (0.03)(0.69) 0.99 
(0.84)
 1.75 
(1.19)
 6.86 
XTWY  0.76 (0.10) 0.00  0.98  0.00 
 0.00 
 1.33 
(1.70)
 5.49 
RWAYL  0.13  0.02 (0.45) 0.76  0.00 
(0.18)
 0.32 
(0.20)
 1.20 
All Fundamental Data

Exchange Traded Competitive Analysis

The better you understand Exchange Traded competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Exchange Traded'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 Exchange Traded'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
BNE PSP SCRYY MSTSX LBHIX VIASP XTWO SVII 70082LAB3 XTWY
 0.00 
 22.49 
Exchange
 1.19 
 71.65 
Invesco
 1.16 
 2.56 
SCOR
 0.25 
 11.90 
Morningstar
 0.23 
 4.27 
Thrivent
 1.13 
 22.35 
Via
 0.04 
 49.22 
Bondbloxx
 0.09 
 11.22 
Spring
 0.00 
 89.17 
70082LAB3
 1.23 
 41.04 
Bondbloxx
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Risky
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Solid
Good
OK
OK
Good
OK
Very Weak
Very Weak
OK
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Below Average
Low
Below Average
Low
Low
Average
Low
Below Average
Below Average
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Buy
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Cautious Hold
Hold
Strong Sell
Strong Sell
Current Ratio
1.73
0.98
9.99
N/A
N/A
3.49
N/A
N/A
N/A
N/A
Net Asset
6.28 M
145.83 M
51.52 B
116.1 M
674.44 M
355.28 M
35.17 M
250.58 M
N/A
19.36 M
Profit Margin
-0.025
93.42
-0.0209
N/A
N/A
0.0094
N/A
N/A
N/A
N/A
EBITDA
18.64 M
6.73 M
1.23 B
N/A
N/A
33.09 M
N/A
10.97 M
N/A
N/A
Price To Book
1.07
1.15
0.67
N/A
1.58
N/A
N/A
0.68
N/A
N/A
Operating Margin
0.028
93.42
-0.0092
N/A
N/A
-0.14
N/A
N/A
N/A
N/A
Current Valuation
285.92 M
N/A
4.75 B
N/A
N/A
535.95 M
N/A
111.38 M
N/A
N/A
Five Year Return
N/A
9.8
4.83
8.83
3.43
8.97
N/A
N/A
N/A
N/A
Retained Earnings
293.04 M
N/A
(645.5 M)
N/A
N/A
N/A
N/A
(6.9 M)
N/A
N/A
One Year Return
-18.52
36.0
N/A
21.02
10.84
N/A
4.9
N/A
N/A
1.8
Beta
1.42
1.49
1.25
N/A
N/A
1.16
N/A
-0.013
N/A
N/A
Equity Positions Weight
99.68
89.25
N/A
61.63
0.07
N/A
N/A
N/A
N/A
N/A
Number Of Employees
5
14
3.59 K
1
1
169
N/A
N/A
N/A
N/A
Cash Position Weight
N/A
N/A
N/A
14.28
6.56
N/A
N/A
N/A
N/A
N/A
Shares Outstanding
40.08 M
N/A
1.78 B
N/A
N/A
N/A
N/A
9.88 M
N/A
N/A
Three Year Return
N/A
3.1
N/A
7.83
2.94
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
43.05 M
N/A
2.41 B
N/A
N/A
12.7 M
N/A
(491.06 K)
N/A
N/A
Annual Yield
N/A
N/A
0.0789
0.0204
0.0612
0.0972
N/A
N/A
N/A
N/A
Total Debt
14.28 M
N/A
3.05 B
N/A
N/A
135 M
N/A
8.22 M
N/A
N/A
Return On Equity
-0.074
2.0E-4
-0.0574
N/A
N/A
0.017
N/A
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
22.72
92.23
N/A
N/A
N/A
N/A
N/A
Z Score
N/A
N/A
0.6
N/A
N/A
1.0
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
-0.034
2.0E-4
-0.002
N/A
N/A
-0.11
N/A
-0.0028
N/A
N/A
Book Value Per Share
6.27
N/A
3.04
N/A
N/A
3.66
N/A
-0.22
N/A
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
5.05 K
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
N/A
Total Asset
6.28 M
145.83 M
51.52 B
215.11 M
347.66 M
355.28 M
35.17 M
250.58 M
N/A
19.36 M
Last Dividend Paid
N/A
0.13
N/A
N/A
0.02
0.73
N/A
N/A
N/A
N/A
Debt To Equity
0.83
N/A
0.43
N/A
N/A
0.69
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
0.7
N/A
0.05
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
69.23
N/A
N/A
Market Capitalization
267.76 M
N/A
4.35 B
50.36 M
N/A
N/A
N/A
110.76 M
N/A
N/A
Price To Earning
-13.36
12.85
12.21
N/A
35.48
26.83
N/A
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
0.28
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.4
1.02
0.2
N/A
1.23
N/A
N/A
N/A
N/A
N/A
Net Income
(16.59 M)
6.73 M
456 M
N/A
N/A
5.2 M
N/A
10.97 M
N/A
N/A
Earnings Per Share
-0.23
0.3
0.25
N/A
N/A
1.17
N/A
0.36
N/A
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
34.37
N/A
N/A
Revenue
675.8 M
8.56 M
16.03 B
N/A
N/A
393.49 M
N/A
N/A
N/A
N/A
Year To Date Return
N/A
N/A
N/A
15.24
7.84
N/A
N/A
N/A
N/A
N/A
Ten Year Return
N/A
9.2
N/A
N/A
6.0
N/A
N/A
N/A
N/A
N/A
Working Capital
84.52 M
N/A
N/A
N/A
N/A
N/A
N/A
1.15 M
N/A
N/A
Cash And Equivalents
22.06 M
3.32 M
3.52 B
N/A
N/A
51.31 M
N/A
N/A
N/A
N/A
Cash Per Share
0.66
N/A
1.97
N/A
N/A
3.23
N/A
N/A
N/A
N/A
Gross Profit
225.72 M
N/A
(853 M)
N/A
N/A
74.67 M
N/A
N/A
N/A
N/A
Day Typical Price
22.49
71.37
2.58
11.9
4.27
22.23
49.23
11.22
89.17
41.11
Accumulation Distribution
N/A
0.0117
316.73
N/A
N/A
113.46
90.61
94.15
N/A
16.43
Market Facilitation Index
N/A
0.84
0.0
N/A
N/A
0.0
0.0
0.0
N/A
1.0E-4
Daily Balance Of Power
0.0
1.0
(0.43)
9.2 T
9.2 T
0.7143
0.3333
0.3333
0.0
(1.65)
Period Momentum Indicator
N/A
0.84
(0.03)
0.03
0.01
0.25
0.02
0.01
N/A
(0.51)
Rate Of Daily Change
1.0
1.01
0.99
1.0
1.0
1.01
1.0
1.0
1.0
0.99
Day Median Price
22.49
71.23
2.6
11.9
4.27
22.18
49.23
11.23
89.17
41.15
Price Action Indicator
N/A
0.84
(0.05)
0.015
0.005
0.3
N/A
N/A
N/A
(0.36)
Relative Strength Index
64.69
61.43
62.01
57.83
67.03
59.96
53.12
33.5
57.38
51.95
Coefficient Of Variation
2180.6
564.99
678.55
889.67
684.6
1170.41
(11,462)
42872.79
1316.73
(1,000)
Mean Deviation
1.07
0.8066
1.93
0.449
0.0981
0.7529
0.0775
0.1757
0.7044
0.7579
Jensen Alpha
0.0479
0.0503
0.4498
(0.01)
0.0061
0.0958
(0.01)
(0)
0.091
(0.1)
Total Risk Alpha
(0.17)
0.0093
(0.04)
(0.04)
(0.01)
(0.09)
(0.03)
(0.08)
(0.11)
(0.27)
Sortino Ratio
(0.04)
0.065
0.1249
(0.11)
(0.41)
(0.02)
N/A
(0.17)
(0.03)
N/A
Downside Variance
2.27
0.8326
4.78
0.3013
0.0623
1.71
N/A
0.5255
1.25
N/A
Standard Deviation
1.39
1.04
2.7
0.5833
0.1475
1.16
0.1002
0.475
1.16
1.02
Kurtosis
(0.17)
0.5376
2.36
0.1538
0.6956
5.37
2.84
20.5
9.12
1.94
Potential Upside
2.3
1.97
5.61
1.21
0.237
2.28
0.1422
0.4394
1.75
1.33
Treynor Ratio
1.05
0.161
(0.71)
0.1013
0.2422
(1.58)
1.07
0.241
(0.69)
0.9844
Maximum Drawdown
5.81
5.25
12.99
2.8
0.7081
7.18
0.5479
4.77
6.86
5.49
Variance
1.93
1.08
7.27
0.3403
0.0218
1.35
0.01
0.2256
1.35
1.04
Market Risk Adjusted Performance
1.06
0.171
(0.70)
0.1113
0.2522
(1.57)
1.08
0.251
(0.68)
0.9944
Risk Adjusted Performance
0.0379
0.1309
0.1138
0.0788
0.0666
0.0655
(0.07)
(0)
0.0586
(0.07)
Skewness
(0.33)
0.4483
0.9321
0.3353
0.3286
(0.91)
(0.82)
0.9799
0.03
(0.04)
Semi Deviation
1.3
0.6875
1.74
0.3905
0.0
1.11
N/A
0.3882
0.9942
N/A
Information Ratio
(0.04)
0.0571
0.1012
(0.10)
(0.70)
(0.02)
(1.25)
(0.26)
(0.03)
(0.22)
Value At Risk
(2.72)
(1.47)
(3.52)
(0.84)
(0.24)
(1.20)
(0.12)
(0.53)
(1.19)
(1.70)
Expected Short fall
(1.20)
(0.91)
(2.85)
(0.59)
(0.25)
(0.81)
N/A
(0.29)
(0.84)
N/A
Downside Deviation
1.51
0.9125
2.19
0.5489
0.2496
1.31
N/A
0.7249
1.12
N/A
Semi Variance
1.7
0.4727
3.03
0.1525
(0.01)
1.24
N/A
0.1507
0.9884
N/A

Exchange Traded Competition Performance Charts

Five steps to successful analysis of Exchange Traded Competition

Exchange Traded'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 Exchange Traded Concepts in relation to its competition. Exchange Traded's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Exchange Traded 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 Exchange Traded's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Exchange Traded Concepts, 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 Exchange Traded position

In addition to having Exchange Traded 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 Cryptocurrency ETFs Thematic Idea Now

Cryptocurrency ETFs
Cryptocurrency ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Cryptocurrency ETFs theme has 51 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 Cryptocurrency ETFs Theme or any other thematic opportunities.
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When determining whether Exchange Traded Concepts is a strong investment it is important to analyze Exchange Traded's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Exchange Traded's future performance. For an informed investment choice regarding Exchange Etf, refer to the following important reports:
How To Invest In Exchange
Details
ETF Directory
View
Top Sectors
View
Check out Trending Equities 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 board of governors.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of Exchange Traded Concepts is measured differently than its book value, which is the value of Exchange that is recorded on the company's balance sheet. Investors also form their own opinion of Exchange Traded's value that differs from its market value or its book value, called intrinsic value, which is Exchange Traded'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 Exchange Traded's market value can be influenced by many factors that don't directly affect Exchange Traded's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Exchange Traded's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exchange Traded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exchange Traded'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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