AGND Competition

AGND competes with Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, and SSGA Active; as well as few others. Analyzing AGND 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 AGND 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 tightly coupled 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 AGND 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 AGND'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

Low	Estimated	High
0.00	0.00	0.00

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Intrinsic

Valuation

Low	Real	High
0.00	0.00	0.00

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Please note, it is not enough to conduct a financial or market analysis of a single entity such as AGND. Your research has to be compared to or analyzed against AGND's peers to derive any actionable benefits. When done correctly, AGND'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 AGND.

AGND Competition Correlation Matrix

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

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.79	0.82	-0.16	0.68	0.57	0.79	0.58	0.71	META
MSFT	0.67		0.53	0.72	0.09	0.68	0.64	0.74	0.38	0.62	MSFT
UBER	0.79	0.53		0.63	-0.08	0.65	0.78	0.67	0.44	0.34	UBER
F	0.82	0.72	0.63		0.09	0.64	0.55	0.84	0.7	0.73	F
T	-0.16	0.09	-0.08	0.09		0.21	0.26	0.13	0.08	-0.11	T
A	0.68	0.68	0.65	0.64	0.21		0.74	0.85	0.14	0.6	A
CRM	0.57	0.64	0.78	0.55	0.26	0.74		0.65	0.22	0.2	CRM
JPM	0.79	0.74	0.67	0.84	0.13	0.85	0.65		0.49	0.81	JPM
MRK	0.58	0.38	0.44	0.7	0.08	0.14	0.22	0.49		0.47	MRK
XOM	0.71	0.62	0.34	0.73	-0.11	0.6	0.2	0.81	0.47		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

JPM	+ 0.85	A
JPM	+ 0.84	F
F	+ 0.82	META
XOM	+ 0.81	JPM
UBER	+ 0.79	META
JPM	+ 0.79	META

High negative correlations

T	- 0.16	META
XOM	- 0.11	T
T	- 0.08	UBER

AGND Competition Risk-Adjusted Indicators

There is a big difference between AGND Etf performing well and AGND 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 AGND'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	1.76	0.31	0.20	0.32	1.44	(2.16)	3.27	(2.48)	24.74
MSFT	0.95	(0.05)	(0.05)	0.03	1.08	(1.16)	2.11	(2.07)	5.31
UBER	1.63	(0.02)	0.04	0.08	1.59	(2.01)	2.83	(2.76)	18.39
F	1.61	0.08	0.09	0.12	1.67	(1.78)	4.88	(3.30)	9.61
T	0.94	(0.03)	(0.07)	0.02	1.18	(0.96)	2.18	(1.85)	5.92
A	1.22	(0.04)	0.01	0.06	1.36	(1.28)	2.29	(2.44)	6.31
CRM	1.22	(0.14)	0.00	(0.01)	0.00	0.00	2.83	(2.96)	10.84
JPM	0.82	0.08	0.07	0.15	1.26	(0.86)	1.94	(1.14)	8.65
MRK	0.65	0.03	0.02	0.12	0.65	(0.72)	1.18	(0.98)	6.92
XOM	0.79	0.31	0.30	0.75	0.45	(1.00)	1.96	(1.17)	4.66

AGND Competitive Analysis

The better you understand AGND competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, AGND'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 AGND'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

	Z	MBCC	MBBB	BZDYF	MBOX	MBNE	MBND
	0.71 43.32 Zillow	0.19 31.25 Northern	0.19 20.79 VanEck	1.63 29.93 BZDYF	0.1 30.95 Freedom	0.03 29.56 SSGA	0.07 27.25 SPDR
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Modest	Very Weak	OK	Good	Weak	Insignificant
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	About Average	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Buy	Cautious Hold	Cautious Hold	Strong Hold	Cautious Hold	Hold
Price To Sales	5.31 X	N/A	N/A	N/A	N/A	N/A	0.23 X
Equity Positions Weight	N/A	99.75 %	N/A	N/A	99.71 %	N/A	N/A
Three Year Return	N/A	5.40 %	(2.30) %	N/A	N/A	N/A	(1.10) %
Net Asset	6.65 B	33.04 M	7.93 M	N/A	42.75 M	31.39 M	37.69 M
Price To Book	2.29 X	N/A	N/A	N/A	N/A	N/A	1.62 X
Five Year Return	N/A	N/A	N/A	N/A	N/A	N/A	N/A
One Year Return	N/A	22.20 %	3.80 %	N/A	25.90 %	3.30 %	3.80 %
Last Dividend Paid	N/A	N/A	0.0473	N/A	N/A	N/A	0.0219
Bond Positions Weight	N/A	N/A	27.35 %	N/A	N/A	N/A	0.76 %
Price To Earning	277.86 X	N/A	N/A	N/A	N/A	N/A	26.18 X
Beta	1.85	1.01	1.2	N/A	N/A	N/A	0.86
Day Typical Price	43.24	31.23	20.78	29.93	30.98	29.52	27.27
Accumulation Distribution	0.0377	0.0089	0.0019	N/A	0.0026	0.0044	0.0026
Market Facilitation Index	1.66	0.28	0.04	N/A	0.08	0.13	0.07
Daily Balance Of Power	(0.19)	(0.21)	1.0	9.2 T	(0.38)	0.0769	(0.29)
Period Momentum Indicator	(0.31)	(0.06)	0.04	0.48	(0.03)	0.01	(0.02)
Rate Of Daily Change	0.99	1.0	1.0	1.02	1.0	1.0	1.0
Day Median Price	43.2	31.22	20.77	29.93	30.99	29.49	27.29
Price Action Indicator	(0.04)	N/A	0.04	0.24	(0.06)	0.07	(0.04)
Coefficient Of Variation	(985.81)	1004.96	(2,153)	934.77	589.67	4119.8	1678.62
Mean Deviation	1.98	0.6023	0.258	0.2349	0.5535	0.1154	0.1414
Jensen Alpha	(0.51)	(0.01)	(0.03)	0.0448	0.0221	(0.01)	(0.01)
Total Risk Alpha	(0.69)	(0.04)	(0.07)	(0.03)	0.013	(0.03)	(0.03)
Sortino Ratio	N/A	(0.02)	N/A	N/A	0.0307	(0.51)	(0.32)
Downside Variance	N/A	0.5847	N/A	N/A	0.5889	0.0326	0.0648
Standard Deviation	2.87	0.7999	0.3467	0.5701	0.7008	0.1528	0.2194
Kurtosis	6.46	0.3765	1.21	15.25	0.1371	0.5084	3.88
Potential Upside	3.29	1.39	0.485	1.2	1.04	0.2377	0.3305
Treynor Ratio	(0.12)	0.0741	(0.41)	0.7062	0.1071	(0.11)	0.0245
Maximum Drawdown	21.25	3.98	1.75	4.94	2.92	0.8432	1.46
Variance	8.26	0.6398	0.1202	0.325	0.4911	0.0233	0.0481
Market Risk Adjusted Performance	(0.11)	0.0841	(0.40)	0.7162	0.1171	(0.10)	0.0345
Risk Adjusted Performance	(0.06)	0.0643	(0.04)	0.0658	0.1069	(0.02)	0.0187
Skewness	(1.25)	0.2938	(0.88)	(0.85)	(0.63)	(0.15)	(0.13)
Semi Deviation	N/A	0.6437	N/A	N/A	0.6067	0.1387	0.1947
Information Ratio	(0.13)	(0.02)	(0.32)	(0.06)	0.0336	(0.60)	(0.37)
Value At Risk	(4.97)	(1.27)	(0.71)	(0.30)	(1.39)	(0.27)	(0.36)
Expected Short fall	N/A	(0.63)	N/A	N/A	(0.59)	(0.13)	(0.14)
Downside Deviation	N/A	0.7646	N/A	N/A	0.7674	0.1807	0.2546
Semi Variance	N/A	0.4144	N/A	N/A	0.3681	0.0192	0.0379

AGND Competition Performance Charts

Five steps to successful analysis of AGND Competition

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

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

In addition to having AGND 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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Communication

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Communication 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 Communication Theme or any other thematic opportunities.

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Other Tools for AGND Etf

When running AGND's price analysis, check to measure AGND's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AGND is operating at the current time. Most of AGND's value examination focuses on studying past and present price action to predict the probability of AGND's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AGND's price. Additionally, you may evaluate how the addition of AGND to your portfolios can decrease your overall portfolio volatility.

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