Exchange Traded Competition

Etfs . USA . 
Etf . Exchange Traded Concepts
FLAG Etf  USD 10.54  0.00  0.00%   
Exchange Traded Concepts competes with RiverNorth Flexible, Blackrock Muniholdings, MFS Investment, Munivest Fund, and Blackrock Muniholdings; as well as few others. The company conducts business under Capital Markets sector and is part of Financials industry. 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 Investing Opportunities 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 nation.
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
10.5410.5410.54
Details
Intrinsic
Valuation
LowRealHigh
10.5210.5211.59
Details
Naive
Forecast
LowNextHigh
10.5310.5310.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3610.4810.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Exchange Traded. Your research has to be compared to or analyzed against Exchange Traded's peers to derive any actionable benefits. When done correctly, Exchange Traded's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Exchange Traded Concepts.

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   
MHN
+ 0.94
RFM
MHD
+ 0.93
MVF
MHD
+ 0.91
MHN
MHD
+ 0.9
RFM
MVF
+ 0.88
MHN
MVF
+ 0.83
RFM
  
High negative correlations   
IHTA
- 0.52
NXC
IHTA
- 0.47
MHD
IHTA
- 0.47
MVF
EOT
- 0.34
IHTA
IHTA
- 0.23
MHN
IHTA
- 0.23
RFM

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
RFM  0.36  0.03 (0.20)(1.49) 0.40 
(0.42)
 0.89 
(0.76)
 2.25 
MHN  0.38  0.05 (0.10) 2.67  0.62 
(0.37)
 0.95 
(1.03)
 2.69 
CXH  0.34  0.05 (0.17)(0.24) 0.40 
(0.38)
 0.86 
(0.74)
 2.10 
MVF  0.51  0.02 (0.15)(2.59) 0.64 
(0.57)
 0.95 
(1.09)
 2.81 
MUE  0.42  0.07 (0.10)(4.86) 0.49 
(0.45)
 0.86 
(0.77)
 2.53 
KTF  0.45  0.08 (0.08)(2.11) 0.47 
(0.53)
 1.12 
(0.61)
 3.40 
MHD  0.51  0.05 (0.10)(2.67) 0.73 
(0.48)
 1.12 
(1.14)
 3.11 
NXC  0.48  0.00 (0.21) 0.12  0.61 
(0.52)
 0.95 
(0.95)
 2.82 
IHTA  0.23  0.04 (0.16) 0.98  0.25 
(0.31)
 0.68 
(0.27)
 2.03 
EOT  0.38  0.03 (0.19)(6.02) 0.39 
(0.44)
 0.86 
(0.87)
 2.08 
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
FLAG RFM MHN CXH MVF MUE KTF MHD NXC IHTA
 0.00 
 10.54 
Exchange
 0.69 
 16.00 
RiverNorth
 0.92 
 10.96 
Blackrock
 0.37 
 8.24 
MFS
 0.81 
 7.49 
Munivest
 0.47 
 10.76 
Blackrock
 0.60 
 10.06 
DWS
 1.12 
 12.59 
BlackRock
 0.95 
 13.60 
Nuveen
 0.00 
 7.54 
Invesco
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Modest
OK
OK
Insignificant
OK
OK
Modest
Weak
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Very Low
Low
Low
Very Low
Low
Low
Dangerous
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Strong Sell
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Strong Sell
Strong Sell
Sell
Strong Sell
Strong Sell
Cautious Hold
Strong Sell
Sell
Strong Sell
Current Ratio
3.61
N/A
0.21
1.92
2.84
0.21
0.16
0.17
2.88
N/A
Net Asset
42.85 M
N/A
N/A
114.47 M
N/A
N/A
604.68 M
N/A
89.34 M
N/A
Profit Margin
N/A
N/A
-281.1
0.29
-278.32
-223.63
0.52
114.84
1.38
N/A
EBITDA
(13.22 M)
N/A
N/A
1.57 M
N/A
N/A
15.48 M
N/A
5.1 M
N/A
Price To Book
N/A
N/A
0.68
0.97
0.73
0.71
1.0
0.73
0.98
N/A
Operating Margin
N/A
N/A
83.69
0.84
84.98
84.04
0.87
85.45
0.92
N/A
Current Valuation
80.04 M
N/A
578.01 M
111.25 M
765.06 M
391.82 M
607.96 M
1.1 B
82.34 M
N/A
Five Year Return
-4.54
N/A
-0.0394
4.75
0.73
0.79
4.95
0.13
3.5
-0.88
Retained Earnings
(5.21 M)
N/A
N/A
(9.58 M)
(24.67 M)
(23.84 M)
(34.64 M)
N/A
355.14 K
N/A
One Year Return
-36.07
N/A
7.1
N/A
8.74
8.28
N/A
8.22
N/A
9.28
Beta
N/A
N/A
0.36
0.59
0.41
0.42
0.46
0.4
0.28
N/A
Equity Positions Weight
99.77
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Outstanding
4.13 M
6.11 M
31.13 M
8.2 M
64.84 M
22.52 M
39.17 M
53.36 M
6.36 M
8.78 M
Three Year Return
-13.1
N/A
-2.57
N/A
-2.51
-1.9
N/A
-3.06
N/A
-3.03
Cash Flow From Operations
98.05 K
N/A
42.66 M
11.84 M
40.44 M
26.57 M
60.4 M
182.63 M
N/A
N/A
Annual Yield
N/A
N/A
0.0066
0.0367
0.0058
0.0097
0.0602
0.0099
0.0421
0.0047
Total Debt
1.22 M
N/A
291.03 M
43.77 M
351.41 M
179.18 M
16.02 M
531.29 M
375.24 K
N/A
Return On Equity
N/A
N/A
-1.03
0.0216
0.59
-13.26
0.0359
-14.62
0.0579
N/A
Return On Asset
-0.0213
N/A
1.73
0.0225
1.88
1.91
0.0238
1.95
0.0239
N/A
Number Of Shares Shorted
99
10.54 K
7.08 K
53.09 K
27.38 K
20.69 K
121.93 K
17.81 K
18.04 K
4.07 K
Book Value Per Share
-1.21
N/A
14.92
8.46
9.6
14.44
10.01
16.52
13.98
N/A
Total Asset
42.85 M
N/A
N/A
114.47 M
964.46 M
476.79 M
604.68 M
N/A
89.34 M
N/A
Last Dividend Paid
N/A
1.27
0.44
0.28
0.32
0.5
0.39
0.57
N/A
0.4
Debt To Equity
N/A
N/A
0.66
0.62
0.58
0.66
0.59
0.7
0.006
N/A
Short Ratio
N/A
0.63
0.09
3.38
0.14
0.27
0.69
0.11
0.81
0.17
Shares Owned By Institutions
99.93
10.76
15.9
37.47
31.31
21.72
53.65
23.56
16.66
26.65
Market Capitalization
90.19 M
94.29 M
372.34 M
67.56 M
499.24 M
252.29 M
394.08 M
702.71 M
87.35 M
56.35 M
Price To Earning
15.42
7.82
60.83
14.99
38.73
13.98
15.16
38.3
22.54
24.68
Price To Sales
N/A
N/A
12.89
12.58
13.27
13.01
14.44
13.0
23.64
N/A
Net Income
3.53 M
N/A
(69.39 M)
1.57 M
(95.32 M)
(39.71 M)
15.48 M
57.24 M
5.1 M
N/A
Earnings Per Share
-0.82
1.96
0.17
0.26
0.18
0.73
0.35
0.32
0.85
0.31
Shares Owned By Insiders
N/A
N/A
N/A
0.09
N/A
N/A
N/A
0.01
N/A
N/A
Year To Date Return
N/A
N/A
2.4
N/A
3.96
4.02
N/A
3.53
N/A
6.21
Revenue
N/A
N/A
24.69 M
1.86 M
34.25 M
17.76 M
15.81 M
49.84 M
3.7 M
N/A
Cash And Equivalents
328.84 K
N/A
55.77 K
1.98 K
94.72 K
30.09 K
19.96 K
96.81 K
216.34 K
N/A
Cash Per Share
0.01
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.03
N/A
Gross Profit
N/A
N/A
24.69 M
5.1 M
34.25 M
17.76 M
25.66 M
49.84 M
3.5 M
N/A
Day Typical Price
10.54
15.99
10.93
8.22
7.49
10.77
10.06
12.54
13.63
7.54
Accumulation Distribution
N/A
0.005
0.0091
0.0061
0.0093
0.0074
0.0069
0.0111
0.0102
N/A
Market Facilitation Index
N/A
0.08
0.1
0.05
0.07
0.08
0.07
0.14
0.14
N/A
Daily Balance Of Power
0.0
1.375
1.0
0.6
0.8571
0.625
0.8571
1.0
(0.93)
0.0
Period Momentum Indicator
N/A
0.11
0.1
0.03
0.06
0.05
0.06
0.14
(0.13)
N/A
Rate Of Daily Change
1.0
1.01
1.01
1.0
1.01
1.0
1.01
1.01
0.99
1.0
Day Median Price
10.54
15.98
10.91
8.22
7.49
10.78
10.06
12.52
13.65
7.54
Price Action Indicator
N/A
0.075
0.1
0.04
0.035
0.005
0.035
0.14
(0.12)
N/A
Coefficient Of Variation
759.63
1315.53
843.97
989.76
2277.17
748.8
713.27
1212.33
9967.28
671.87
Mean Deviation
0.1502
0.3591
0.3835
0.3423
0.5094
0.4221
0.4466
0.5075
0.4829
0.2307
Jensen Alpha
0.0193
0.0289
0.0524
0.0547
0.0195
0.0653
0.0765
0.047
3.0E-4
0.0381
Total Risk Alpha
(0.02)
(0.05)
(0.04)
(0.04)
(0.09)
(0.03)
(0.03)
(0.07)
(0.11)
(0.02)
Sortino Ratio
(0.14)
(0.20)
(0.1)
(0.17)
(0.15)
(0.1)
(0.08)
(0.10)
(0.21)
(0.16)
Downside Variance
0.5213
0.2497
0.5813
0.2887
0.5581
0.4159
0.4314
0.6613
0.4048
0.2788
Standard Deviation
0.3022
0.4814
0.5488
0.4534
0.652
0.5513
0.5859
0.6649
0.6554
0.3617
Kurtosis
10.91
0.361
1.41
0.8266
0.4528
(0.04)
2.08
0.2317
2.36
5.21
Potential Upside
0.5747
0.8912
0.9452
0.8642
0.9511
0.858
1.12
1.12
0.9468
0.6821
Treynor Ratio
0.3618
(1.49)
2.67
(0.24)
(2.59)
(4.86)
(2.11)
(2.67)
0.1177
0.9783
Maximum Drawdown
2.64
2.25
2.69
2.1
2.81
2.53
3.4
3.11
2.82
2.03
Variance
0.0913
0.2318
0.3012
0.2056
0.4251
0.3039
0.3433
0.4422
0.4296
0.1308
Market Risk Adjusted Performance
0.3718
(1.48)
2.68
(0.23)
(2.58)
(4.85)
(2.10)
(2.66)
0.1277
0.9883
Risk Adjusted Performance
0.0853
0.0522
0.0866
0.0704
0.0318
0.0982
0.1041
0.0616
0.006
0.1026
Skewness
(0.19)
(0.01)
(0.82)
(0.32)
(0.64)
(0.26)
(0.54)
(0.57)
0.2955
(1.01)
Semi Deviation
0.1314
0.4008
0.6221
0.397
0.6432
0.4855
0.4747
0.7267
0.6118
0.2532
Information Ratio
(0.32)
(0.21)
(0.13)
(0.20)
(0.17)
(0.12)
(0.09)
(0.12)
(0.20)
(0.23)
Value At Risk
(0.28)
(0.76)
(1.03)
(0.74)
(1.09)
(0.77)
(0.61)
(1.14)
(0.95)
(0.27)
Expected Short fall
(0.29)
(0.42)
(0.37)
(0.38)
(0.57)
(0.45)
(0.53)
(0.48)
(0.52)
(0.31)
Downside Deviation
0.722
0.4997
0.7624
0.5373
0.7471
0.6449
0.6568
0.8132
0.6363
0.528
Semi Variance
0.0173
0.1606
0.3871
0.1576
0.4137
0.2357
0.2254
0.5281
0.3742
0.0641

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 Wholesale Thematic Idea Now

Wholesale
Wholesale Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale 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 Wholesale 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 Investing Opportunities 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 nation.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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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