IncomeShares Alphabet Competition

GOOO Etf

911.50 15.38 1.66%

IncomeShares Alphabet competes with Scottish Mortgage, VinaCapital Vietnam, Edinburgh Worldwide, Baillie Gifford, and CT Private; as well as few others. Analyzing IncomeShares Alphabet 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 IncomeShares Alphabet to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Risk vs Return Analysis 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 IncomeShares Alphabet competition on your existing holdings.

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IncomeShares Alphabet Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between IncomeShares Alphabet 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 IncomeShares 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 IncomeShares Alphabet does not affect the price movement of the other competitor.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.79	-0.54	-0.45	0.45	0.29	0.56	0.26	-0.13	-0.53	META
MSFT	0.79		-0.65	-0.37	0.56	0.05	0.63	0.39	-0.23	-0.75	MSFT
UBER	-0.54	-0.65		0.47	-0.72	0.18	-0.78	-0.55	0.61	0.75	UBER
F	-0.45	-0.37	0.47		0.01	-0.23	-0.06	0.28	-0.08	0.69	F
T	0.45	0.56	-0.72	0.01		-0.3	0.87	0.83	-0.68	-0.44	T
A	0.29	0.05	0.18	-0.23	-0.3		-0.31	-0.51	0.71	0.09	A
CRM	0.56	0.63	-0.78	-0.06	0.87	-0.31		0.87	-0.77	-0.5	CRM
JPM	0.26	0.39	-0.55	0.28	0.83	-0.51	0.87		-0.83	-0.27	JPM
MRK	-0.13	-0.23	0.61	-0.08	-0.68	0.71	-0.77	-0.83		0.29	MRK
XOM	-0.53	-0.75	0.75	0.69	-0.44	0.09	-0.5	-0.27	0.29		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

CRM	+ 0.87	T
JPM	+ 0.87	CRM
JPM	+ 0.83	T
MSFT	+ 0.79	META
XOM	+ 0.75	UBER
MRK	+ 0.71	A

High negative correlations

MRK	- 0.83	JPM
CRM	- 0.78	UBER
MRK	- 0.77	CRM
XOM	- 0.75	MSFT
T	- 0.72	UBER
MRK	- 0.68	T

IncomeShares Alphabet Competition Risk-Adjusted Indicators

There is a big difference between IncomeShares Etf performing well and IncomeShares Alphabet 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 IncomeShares Alphabet'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
META	1.21	0.08	0.04	0.42	1.41	(1.37)	2.62	(3.15)	7.43
MSFT	0.87	0.00	(0.02)	0.02	1.65	(0.78)	1.78	(2.23)	8.14
UBER	1.65	(0.33)	0.00	(1.73)	0.00	0.00	2.53	(5.35)	20.41
F	1.39	(0.03)	0.00	(0.12)	0.00	0.00	2.53	(2.81)	11.21
T	0.95	0.10	0.07	0.39	1.13	(0.98)	1.93	(1.99)	7.95
A	1.19	(0.04)	0.00	(0.12)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.46	0.33	0.19	20.66	1.34	(1.66)	3.18	(2.88)	14.80
JPM	1.06	0.23	0.16	(3.32)	1.11	(1.26)	1.99	(1.44)	15.87
MRK	0.97	(0.21)	0.00	(0.97)	0.00	0.00	1.72	(2.17)	5.17
XOM	0.84	(0.11)	0.00	(0.64)	0.00	0.00	1.83	(2.14)	6.06

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IncomeShares Alphabet Competitive Analysis

The better you understand IncomeShares Alphabet competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, IncomeShares Alphabet'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 IncomeShares Alphabet's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

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	GOOO	SMT	VOF	EWI	USA	CTPE	ANII	BRLA	BERI
	1.66 911.50 IncomeShares	0.65 947.40 Scottish	0.22 456.00 VinaCapital	0.21 190.60 Edinburgh	1.06 279.00 Baillie	1.52 485.50 CTPE	1.24 818.00 Aberdeen	1.58 280.50 BlackRock	0.45 112.50 Blackrock
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Good	Very Weak	Solid	Solid	OK	Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low	Low	Below Average
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Over Valued	Over Valued	Over Valued	Over 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
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Buy	Strong Sell	Hold	Strong Hold	Sell	Cautious Hold	Cautious Hold	Strong Sell
Price To Book		1.07	0.73	1.15	1.26	0.71	0.81	0.72	0.79
Price To Sales		1.89	11.54	3.95	9.43	52.73	2.76	2.4	5.72
Last Dividend Paid		0.042	0.14	N/A	N/A	N/A	N/A	0.29	0.045
Net Asset		14.51 B	1.15 B	690.77 M	685.46 M	616.32 M	474.64 M	193.28 M	183.1 M
Annual Yield		0.0047	0.0252	N/A	N/A	0.0647	N/A	0.0773	0.0404
Beta		0.75	0.49	0.77	N/A	0.74	0.46	0.93	0.98
Day Typical Price	917.08	948.8	454.0	190.87	280.33	486.5	817.33	286.7	112.67
Accumulation Distribution	0.0366	0.0177	0.0175	0.0207	0.0211	0.0243	0.017	0.068	0.0044
Market Facilitation Index	34.25	17.0	8.0	4.0	6.0	12.0	14.0	20.41	0.5
Daily Balance Of Power	(0.45)	(0.36)	0.125	(0.10)	(0.50)	(0.62)	0.7143	(0.22)	1.0
Period Momentum Indicator	(15.38)	(6.20)	1.0	(0.40)	(3.00)	(7.50)	10.0	(4.50)	0.5
Rate Of Daily Change	0.98	0.99	1.0	1.0	0.99	0.98	1.01	0.98	1.0
Day Median Price	919.88	949.5	453.0	191.0	281.0	487.0	817.0	289.79	112.75
Price Action Indicator	(16.06)	(5.20)	3.5	(0.60)	(3.50)	(5.25)	6.0	(11.54)	N/A
Coefficient Of Variation	468.94	521.55	(10,651)	393.54	322.54	870.31	11622.54	(577.76)	(2,318)
Mean Deviation	1.01	0.8739	0.6279	1.06	1.12	0.9408	0.6921	0.8792	0.905
Jensen Alpha	0.3151	0.1936	(0.01)	0.3496	0.4963	0.1331	(0)	(0.21)	(0.06)
Total Risk Alpha	0.2645	0.1657	(0.04)	0.3061	0.4482	0.0956	(0.03)	(0.24)	(0.09)
Sortino Ratio	0.1715	0.1733	N/A	0.2597	0.3347	0.0923	(0.02)	N/A	N/A
Downside Variance	2.73	1.0	N/A	1.55	1.98	1.35	1.27	N/A	N/A
Standard Deviation	1.48	1.07	0.8575	1.4	1.62	1.21	0.9837	1.16	1.16
Kurtosis	3.68	(0.51)	1.16	1.16	3.68	0.4363	1.67	0.5595	0.4054
Potential Upside	3.04	1.79	1.5	3.08	2.68	2.44	1.59	1.6	1.46
Treynor Ratio	(0.73)	2.14	0.0903	(1.69)	(3.66)	(0.75)	(0.03)	(1.36)	0.6637
Maximum Drawdown	10.03	4.5	4.58	7.8	10.44	4.61	5.14	6.28	5.33
Variance	2.19	1.15	0.7353	1.95	2.64	1.47	0.9676	1.34	1.35
Market Risk Adjusted Performance	(0.72)	2.15	0.1003	(1.68)	(3.65)	(0.74)	(0.02)	(1.35)	0.6737
Risk Adjusted Performance	0.1746	0.1554	(0.01)	0.2069	0.2522	0.095	0.0088	(0.13)	(0.03)
Skewness	(0.34)	(0.03)	(0.54)	0.117	0.6247	0.1414	0.3605	(0.24)	(0.67)
Semi Deviation	1.37	0.7965	N/A	0.9661	0.8212	0.9635	0.8608	N/A	N/A
Information Ratio	0.1915	0.1617	(0.05)	0.2311	0.2902	0.0884	(0.02)	(0.20)	(0.07)
Value At Risk	(1.87)	(1.75)	(1.38)	(1.52)	(1.24)	(1.38)	(1.58)	(2.13)	(2.19)
Expected Short fall	(1.08)	(0.97)	N/A	(1.25)	(1.40)	(1.05)	(0.89)	N/A	N/A
Downside Deviation	1.65	1.0	N/A	1.24	1.41	1.16	1.13	N/A	N/A
Semi Variance	1.88	0.6343	N/A	0.9334	0.6744	0.9284	0.7409	N/A	N/A

IncomeShares Alphabet Competition Performance Charts

Five steps to successful analysis of IncomeShares Alphabet Competition

IncomeShares Alphabet'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 IncomeShares Alphabet in relation to its competition. IncomeShares Alphabet's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of IncomeShares Alphabet 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 IncomeShares Alphabet's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to IncomeShares Alphabet, 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 IncomeShares Alphabet position

In addition to having IncomeShares Alphabet 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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Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 126 constituents at this time.

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